Global Lip Collagen Augmentation Market Size (2023 – 2030):

Uncover Lucrative Opportunities: Propel Your Lip Collagen Augmentation Strategies with Exclusive Market Insights

According to the report published by Virtue Market Research in Global Lip Collagen Augmentation Market was valued at USD 2.08 billion and is projected to reach a market size of USD 3.93 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 9.51%.

The primary drivers projected to propel the Lip Collagen Augmentation market are the increase in disposable income for individuals and decreasing prices for cosmetic procedures, as well as the increasing demand for beautification surgeries and growing preferences for a different look.

Industry Overview:

In this day and age, people have been very inclined towards social media and their appearances on it. Social platforms have tried to put people into specific brackets and have increased the competition between influencers and people who are into beauty and lifestyle. Celebrities have become more accessible, which is also a leading cause for more people wanting surgeries and wanting to look like them. Botox surgeries, Buccal fat removal surgeries, BBLs, etc., have become more and more mainstream for people across the board. Lip augmentation is also a kind of beautification procedure that is done on the lips. They are also known as lip fillers. They can be used to pump up the lips which makes them fuller and more shaped. It defines Cupid’s bow of the lips and makes them appear more defined. Sometimes color changes have also been observed. Lip collagen augmentation is not a permanent process compared to its other counterparts. These injections last people 12-18 months so they can get a feel of what the more permanent results may look like. This is one of the most popular methods before the new inventions.

COVID-19 Impact on the Lip Collagen Augmentation Market:

The COVID-19 pandemic brought with it what the world could have never expected. It paralyzed several economies and lifestyles of millions of people worldwide. It is believed that people will suffer the financial repercussions of this for years to come. The virus that caused the pandemic was extremely contagious and proved to be very deadly. Because of this governments imposed a lockdown through national and international borders. This resulted in supply chain issues such that products and their raw materials could not be obtained which completely hindered the market. The lip collagen augmentation market also suffered very greatly as it was not an essential market. People were struggling to make ends meet so not many people had disposable incomes to afford lip injections. Also, many clinics were temporarily closed as the chances of infection increased with procedures like this in close contact with the patients. Therefore COVID-19 pandemic derailed the market a lot but it is expected to make a full recovery as more and more people are opting for getting lip augmentation.

Market Drivers:

The increase in disposable income for individuals and decreasing prices for cosmetic procedures are poised to drive the market growth for Lip Collagen Augmentation drones:

Social media has been a major factor in influencing people’s beauty standards and influencing overall trends. More and more people are choosing to become individuals which is a financially rewarding job. Several other sources of income have also increased which has in turn given rise to the overall disposable incomes that individuals possess. This has helped the market grow tremendously. Besides this, cosmetic procedures have become more mainstream, again owing to social media. In earlier days it was considered taboo to proclaim that an individual has had work done on their body or face. But these days it’s become very common. Because of this, the overall prices of cosmetic procedures, especially lip collagen augmentation has decreased relatively. The people who do not possess the traditional stardom or income that comes with it can also afford these. Therefore, the market has grown largely because of this.

The increasing demand for beautification surgeries and growing preferences for a different look will help to drive the market growth:

In earlier times, beauty standards dealt with people’s natural looks and how their faces traditionally looked. Hairstyles were determined based on suitability to the original hair textures and nature. But that has changed drastically. Celebrities and influencers have had a huge role in changing what the ideal beauty standards are currently. This has encouraged more and more people to look like celebrities. This implies more and more people getting beautification surgeries and procedures to influence and mold the traditional face shape into something good according to today’s standards. This has aided in the growth of the market vastly.

Market Restraints:

The Lip Collagen Augmentation Market's growth is being stifled by the health risks that come from performing augmentation surgeries:

Many people across the board are opting for beautification surgeries, without any gender restrictions. Lip augmentation is done by people who prefer to have a fuller look for their lips or plumper lips in general. Some cases may also help with coloration problems. But these surgeries alter a very significant part of the face and are therefore very sensitive. In many people, these surgeries have resulted in problems like scarring or infections. If the lips don’t heal well after surgery, or if the procedure is done by non-verified or non-trusted professionals then people can experience several different problems. Scarring oftentimes can be permanent and alter the face structure to a degree. Cold sores have been also observed to become more prominent.  Also, people with not enough disposable income cannot afford these procedures. These factors are restraining the market.

GLOBAL LIP COLLAGEN AUGMENTATION MARKET REPORT COVERAGE:

Market Segments:

This research report on the global Lip Collagen Augmentation Market has been segmented based on components, and regions.

Lip Collagen Augmentation Market- By Type

• Temporary Lip Augmentation

• Permanent Lip Augmentation

  • Permanent Lip Implants

  •  Fat Grafting

  •  Fillers

  • Lip Advancement

  •  Lip Lift

    • Corner Lip Lift

    • Upper Lip Lift

By type, the market is majorly segmented into temporary lip augmentation and permanent lip augmentation. Permanent lip augmentation has held the largest market share in the past and is expected to continue to do so during the forecast period as well in 2023-2030. In this, lip implants held the largest market segment which was closely followed by fat grafting. Fillers are very viable because they are permanent but they can also be removed if required which is what makes them the sector with the fastest-growing CAGR. They are expected to become even more popular in the future.

Lip Collagen Augmentation Market: By Product

• Hyaluronic Acid Fillers

• Poly-L-Lactic Acid Fillers

• Fat Injection/lipoinjection

• Others

The global lip collagen augmentation market can be divided into many product categories using hyaluronic acid fillers, poly-L-lactic acid fillers, fat injection/lipoinjection, lip collagen, and other items. Hyaluronic acid fillers are anticipated to rule the market because of their ease of use, low risk of complications, and opportunity for reversal. Poly-L-lactic acid fillers are also becoming more popular because of their ability to promote the production of collagen and provide longer-lasting results. New solutions that offer better safety and effectiveness might develop as the market for permanent lip augmentation continues to change, potentially affecting market share.  

Lip Collagen Augmentation Market- By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

North America is the largest market for lip collagen augmentation among all the regions. This is due to the widespread awareness regarding augmentation procedures and very high influences from the media.

Asia-pacific is expected to grow at a fast CAGR during the forecast period of 2023-2030. This has been attributed to the increase in disposable incomes in several Asian and Pacific countries. The increasing demand for aesthetic procedures, marketing strategies, and Western influence also play a big role in the same.

Major Key Players in the Market

1. Allergan

2. Galderma Pharmaceuticals. S.A

3. Merz Pharma GmbH

4. Teoxane Laboratories

5. Suneva Medical

6. Sinclair Pharma

7. Laboratories Vivacy SaS

8. AbbVie

9. Cynosure, LLC.

10. Bioha Laboratories

Market Insights and Developments

• In May 2022, Sinclair Pharma Company which is a major London-based company that deals majorly in beauty and aesthetic treatments, obtained the rights to Preime Derma facial to territories beyond the UK. This has been a major step in the expansion of the overall beauty aesthetic industry and the lip augmentation market.
• In March 2021, Cambridge medical group published a comparison between the traditional lip fillers and the Fotona LipLase Laser Plumping treatment. The latter treatment is observed to be relatively healthier and shows gradual results which also last longer.