Market Players in Lip Filler Market to Obtain Greater Growth Opportunities

With the growing significance given to aesthetics and beautification, the lip filler market is expected to showcase a tremendous growth. Having facial fillers such as the lip fillers has been gaining ever-increasing popularity over the past couple of years. Having a lip filler, owing to be a non-surgical cosmetics treatment is expected to provide greater opportunities to the market players in the lip filler market. With enormous investments in research and development, the market participants are in a constant hustle to provide effective solutions, thereby gaining a competitive edge in the lip filler market.

With advancements in modern science and the growing awareness about the cosmetic surgeries along with the changing mindsets about the initially skeptical plastic surgeries, the lip filler market is showcasing a growing demand. Getting a lip filler procedure done is getting more familiar as it is a non-surgical treatment. Lip filler treatments with the help of hyaluronic acid dermal fillers could help only in temporary lip augmentation. Owing to the need for a long-lasting lip filler there is a growing use of permanent dermal lip fillers to cater to the changing requirements of the customers, thereby providing more opportunities for key market players.

Lip augmentation is a procedure used to alter the appearance of the lips. The procedure can be either surgical or non-surgical. Fat injections and implants are alternatives to lip fillers for lip augmentation. However, these methods are not used much presently as their results vary and have a greater risk of side effects. The non-surgical lip augmentation is achieved by the use of injectable lip fillers. The most common types of dermal fillers used for lip augmentation are collagen and hyaluronic acid. Collagen only plumps the lips while hyaluronic acid works by not only plumping the lips but also traps water within the lips and gives a more natural plum appearance. Hyaluronic acid has one of the greatest advantage over the collagen lip filler that its effect can be reversed. This is done with the use of an enzyme called hyaluronidase that removes the hyaluronic acid. Some of the risks involved if the lip filler is improperly injected includes, bruising, redness, pain and itching.

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Lip fillers are approved as medical devices by the FDA and is prescribed and handled by a medical professional. In Europe, lip fillers require a CE mark approval for commercialization. However, these are available as non-prescription based products that can be injected by anyone licensed by the medical authorities. Juvederm is the gold standard for lip fillers. Other popular brands include Restylane, Teosyal Kiss, and Volbella. In April 2018, Merz Aesthetics launched a new product, the Belotero lips- a lip filler with hyaluronic acid.

The global lip filler market has seen impressive growth in the forecast period due to increasing number of non-surgical cosmetic procedures and availability of new products specific for the use of lip fillers. Lip fillers give better and more natural look than the traditional lip implants and hence are replacing the traditional methods. Furthermore, the room for corrections with the use of hyaluronic acid is popularizing the use of lip fillers for non-surgical lip augmentation. However, the effects of lip fillers is temporary and may last a maximum of 4-6 months.

The global market for lip filler is segmented on basis of product type, end users, and geography:

Segment by Product Type

• Hyaluronic Acid based products
• Collagen based products

Segment by End Users

• Hospitals
• Specialty Clinics

The global lip filler market is segmented by product type, end users and geography. Based on the product type, the global lip filler market is segmented into hyaluronic acid based products and collagen based products. Hyaluronic acid based products is expected to dominate the lip filler market due to its many advantages over the collagen based fillers. Collagen was once the most common lip filler, however, it is used less often these days. Collagen has been reported to have about 1-3% allergic reaction while the reactions with the use of hyaluronic acid are far rare making it the most lucrative type of lip filler in the market.

On the basis of regional presence, global lip filler market is segmented into five key regions viz.  North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America leads the lip filler market due to the presence of leading players and increased number of cosmetic procedures. According to the American society of plastic surgeons, the lip augmentation with the use of lip fillers has increased by 50% in the last five years. Europe is the second leading market for lip fillers market owing to the increased non-surgical cosmetic procedures in the region. Manufacturers are targeting the emerging markets due to rise in cosmetic procedures in the region. China is one of the most lucrative market in the Asia-Pacific region due to the growing demands for non-surgical cosmetic procedures in the region.

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Some of the major players in lip filler market are Galderma S.A., Merz Aesthetics, Anika Therapeutics Inc., Allergan Plc, Mentor Worldwide LLC, Inamed Corporation, and other key players.

The report covers exhaustive analysis on:

• Lip Fillers Market Segments
• Lip Fillers Market Dynamics
• Historical Actual Market Size, 2013- 2017
• Lip Fillers Market Size & Forecast 2018 to 2026
• Lip Fillers Market Current Trends/Issues/Challenges
• Competition & Companies Involved
• Lip Fillers Market Drivers And Restraints

Regional analysis includes

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size Recent industry trends
• Key Competition landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance

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