Report ID: UCMIG35A2265
Report ID:
UCMIG35A2265 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global lip augmentation market was valued at USD 2.2 billion in 2019 and is expected to grow at a CAGR of 9.5% from 2020 to 2027. Lip augmentation is a cosmetic procedure aimed at enhancing the volume of the lips through the use of fillers, which can be either permanent or temporary in nature. Common products used for lip augmentation include hyaluronic acid, fat injections, and implants. Several lip fillers, such as Restylane L, Belotero Balance, and Juvederm Vollure, have been approved by the Food and Drug Administration (FDA). The growing demand for lip enhancement procedures driven by changing beauty standards, increasing awareness about cosmetic procedures, and advancements in aesthetic technologies are expected to contribute to the growth of the global lip augmentation market in the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2265