Lip Augmentation Market Size Worth $4.4 Billion by 2027 | CAGR: 9.5%: Grand View Research, Inc.

Lip Augmentation Market Size Worth $4.4 Billion by 2027 | CAGR: 9.5%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, June 3, 2020

SAN FRANCISCO, June 3, 2020 /PRNewswire/ --  The global lip augmentation market size is expected to reach USD 4.4 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.5% over the forecast period. Lip Augmentation is a procedure that helps increase the volume and fullness of lips through enlargement with the help of products like hyaluronic acid, fat injections, and implants. Hyaluronic acid and polyacrylamide fillers are the most widely used products. Injectable dermal fillers are the most commonly used method for lip augmentation. Rising contribution of market players is playing a prominent role in driving the market growth. Other factors like increasing awareness, surging geriatric population, rise in disposable income, change in lifestyle due to globalization, and rising demand for filler are expected to further propel the growth.

Grand View Research

Key suggestions from the report:

Read 100 page research report with ToC on "Lip Augmentation Market Size, Share & Trends Analysis Report By Type (Temporary, Permanent), By Product (Hyaluronic Acid Fillers, Poly-L-Lactic Acid Fillers), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/lip-augmentation-market

There has to be a professional expertise while performing lip augmentation procedure and the filler should be clinically approved, therefore there is a list of lip fillers approved by the Food and Drug Administration (FDA). The FDA only approves dermal fillers once their effectiveness as an anti-wrinkle and skin restoring treatment is proven through clinical study. Some of the products approved by the FDA are Restylane, Juvederm Vollure, Belotero, and Radiesse. According to the American Society of Plastic Surgeons, 4 million cosmetic procedures were done on people in the age group of 55 years and above and accounted for a largest portion of the total age groups, due to increasing concerns about appearance among this age group.

Rise in per capita disposable income also plays a pivotal role in the growth of the market. Combination of various factors like advancement in technology, efficacy and safety of the fillers, increasing baby boomer population, beauty campaigns, and awareness about the existence of such minimally invasive procedures is projected to boost the market growth in the forthcoming years.

Grand View Research, Inc. has segmented the global lip augmentation market on the basis of type, product, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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