Facial Fat Transfer industry Overview
The global facial fat transfer market size is anticipated to reach USD 4.9 billion by 2030, advancing at a CAGR of 10.8% during the forecast period, according to a new report by Grand View Research, Inc. The growth of the market is attributed to the various benefits of fat grafting, along with the growing geriatric population. Furthermore, technological advancements in aesthetic devices are also anticipated to fuel market growth.
According to United Nations data, individuals above the age of 65 years accounted for nearly 9% in 2019, while the number is estimated to reach nearly 11% by 2050. The facial skin of aging people is prone to deep wrinkles, dry skin, volume loss, and elasticity loss, thereby driving the market growth. Furthermore, the increasing usage of social media, beauty apps, and the extensive marketing techniques of skincare aesthetic device companies have led to an increasing obsession with flawless skin and the desire to look perfect.
Research carried out by Boston Medical Center in 2019 reported that 55% of plastic surgeons report seeing patients willing to improve their appearance in selfies. The facial fat transfer market is characterized by the presence of a few established players and several start-ups or small enterprises. This can be attributed to the presence of ambiguous regulatory scenarios and a capital-intensive product development process. Furthermore, the clinicians plastic surgeons performing these procedures are also limited in number and charge a high fee, thus significantly affecting the adoption of this technique.
The onset of COVID-19 disrupted the aesthetic market significantly in the first and second quarters of 2020, due to low patient footfall and the risk of virus transmission. The procedure volume for facial fat transfer treatments also witnessed a decline in 2020. However, the market is expected to witness a recovery as the demand for aesthetic treatments escalated in the post-pandemic period.
Facial Fat Transfer Market Segmentation
Grand View Research has segmented the global facial fat transfer market based on donor site, end-use, and region:
Based on the Donor Site, the market is segmented into Thigh, Abdomen, and Flank.
- The abdomen segment accounted for the largest revenue share of 40% in the market in 2021 and is expected to be the fastest-growing segment during the forecast period. This is owing to its high popularity as compared to the other donor sites.
- Donor site selection generally depends on the body areas that have uniform, excess, or abundant fat. Thus, sites such as buttocks, flanks, thighs, and abdomen are popularly used for fat harvesting.
Based on the End-use, the market is segmented into Hospital, and Clinics surgery centers.
- Clinics and surgery centers held the maximum market share of 65% in 2021 and are anticipated to lead the market for facial fat transfer in the future. This is owing to an increase in the number of clinics and skilled cosmetic and plastic surgeons, and the rising preference of consumers for fat transfer by skilled experts.
- The global market for facial fat transfer has been categorized into hospitals, clinics, and surgery centers. Aesthetic clinics like Med spas provide a comprehensive range of treatments and are also increasingly adopting novel treatment systems to cater to the wider esthetic need of patients, which in turn is fueling segment growth.
Key Companies Market Share Insights
The industry players are focusing on increasing their credibility to provide enhanced services and products to the growing number of facial fat transfer patients. The presence of board-certified surgeons at clinics and hospitals that are specifically trained and hold strong experience in cosmetic procedures increases the credibility of aesthetic centers, whereas regulatory approvals improve the credibility of the devices.
For instance, in June 2021, Sihuan Pharmaceutical Holdings Group Ltd. obtained the exclusive distribution right for its LipiVage fat collection system, manufactured by the U.S-based Genesis Biosystems, in Greater China and South Korea, which will expand the pipeline for medical aesthetic products for the company. In September 2016, Alma Lasers announced the launch of LipoLife 3G, a liposuction device used for various applications such as fat grafting, liposuction, and skin tightening. This device is a third-generation product in the company’s already existing brand called LipoLife.
Some of the key players in the facial fat transfer market include:
- Ranfac Corp
- Alma Lasers.
- Allergan Plc.
- Medikan International Inc
- Genesis Biosystems
- Emory Healthcare
- Stanford Health Care
Order a free sample PDF of the Facial Fat Transfer Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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