Global Facial Fat Transfer Market: Information by Target Area (Naso-Labial Folds, Lips, Marionette Folds, Temples, Chin, Under-Eye Area), Treatment (Dermal Fillers, Fat Injection, Others), End-User (Hospitals, Cosmetic Surgery Clinics, Others) and Region (North America, Europe, Asia-Pacific & Middle East & Africa) - Forecast till 2025
Aging is a longstanding problem faced by women since years, which has resulted in the development of various counter measures. Recently, the loss of facial volume has been recognized as a key underlying cause of aging. Thus, facial fat transfer, a minimally invasive cosmetic procedure, has gained prominence in recent years. It is a method of grafting the face by boosting its volume. Fat from elsewhere of the body is transferred to the face to restore its lost volume. Facial fat transfer helps o correct sagging jaws, hollows under the yes, repair the nasolabial folds and marionette lines. Market Research Future (MRFR) has recently launched a report on the Global Facial Fat Transfer Market Size and has projected the market to reach a valuation of USD 4.20 Bn at a steady CAGR by the end of the forecast period of 2017-2022.
Growing influence of social media, films, celebrities, and others have evoked the urge in people to look flawless. Changing standards of beauty and fashion has resulted in people trying to defy age and fat transfer is an infallibly convenient treatment as it is readily bio-compatible and accepted by the body. Facial fat transfer is being highly demanded by consumers as they help to create a natural look without much side effects. Development i techniques such as liposuction and others have made fat collection convenient and help to deliver better outcomes. Facial fat transfer procedures are highly sought after by celebrities. With a greater number of men desiring to opt for such cosmetic procedures, the global facial fat transfer market is poised for future increment. Rise in disposable income and towering awareness regarding such procedures is also boosting the growth of the market.
On the other hand, the growth of the market might be hindered by high cost associated with the procedures and the lack of skilled plastic surgeons. Moreover, facial fat transfer being an elective procedure, insurance companies do not cover the procedure for reimbursement, which can hinder the growth of the market over the forecast period.
Galderma S.A., SciVision Biotech Inc., Merz Pharma, Sinclair Pharma, Integra LifeSciences Corporation, ALLERGAN, Valeant, and Sanofi are the key players in the global facial fat transfer market.
The facial fat transfer market has been segmented based on type and treatment.
By type, the facial fat transfer market has been segmented into microlipo injection, autologous fat transfer, and others. By treatment type, the facial fat transfer market has been segmented into fat injections, dermal fillers, and others.
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Region-wise, the facial transfer market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is the largest facial fat transfer market. North America is known for embracing all latest technologies in the healthcare sector and is a step ahead of other regions in cosmetic surgery. Facial fat transfer is highly popular in the region, especially among celebrities. Affordability quotient and high level of awareness of facial fat transfer procedure is driving the growth of the market. Moreover, the North American region houses some of the best and sought after plastic surgeons of the world and has a developed healthcare infrastructure, which is supporting the growth of the facial fat transfer market.
Europe is expected to be the fastest-growing facial fat transfer market. Towering demand for cosmetic procedures is expected to boost the growth of the market over the forecast period.
The APAC facial fat transfer market is likely to exhibit remarkable growth and emerge as a lucrative market in the coming years. The region is establishing itself as a medical tourism hub and the demand for advanced cosmetic procedures is increasing sharply in the region. Growing availability of skilled cosmetic surgeons, consumers increasingly seeking such treatments, and expanding healthcare sector is providing favorable grounds for the growth of the market.