The lip injection market is projected to reach USD 5.95 billion by 2032

From GlobeNewswire: 2024-12-17 06:30:00

The lip injection market size reached USD 3.18 billion in 2023 and is projected to grow at a CAGR of 7.3% from 2024 to 2032. Demand is driven by the desire for fuller lips, with non-surgical options like hyaluronic acid fillers leading the market at USD 1.19 billion in revenue in 2023.

Key factors boosting market growth include medical tourism, cosmetic surgery demand, and social media influence. The market is segmented by product type, with hyaluronic acid fillers leading at a CAGR of 8.6%. Temporary procedures dominate the market at 64%, with a projected 7.1% CAGR, while permanent options are expected to grow at 7.7%.

North America, led by the U.S., is the top region for lip injections, with a market value of USD 1 billion in 2023 and an expected CAGR of 8.7% from 2024 to 2032. The appeal of non-surgical cosmetic procedures like lip injections is growing due to quick recovery times and technological advancements enhancing treatment safety and efficacy.

Major players in the lip injection market include Allergan, Galderma, and Merz Pharma. The industry is characterized by factors like rising awareness for cosmetic surgeries, social media influence, regulatory challenges, and changing consumer preferences. Companies are focusing on strategic partnerships and product launches to drive market growth.



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