Facial Fat Transfer Market Growth & Trends
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.
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Facial Fat Transfer Market Report
Facial Fat Transfer Market Report Highlights
- The current demand for facelifts and other facial aesthetic cosmetic procedures is mainly due to individuals’ dissatisfaction with appearance and a strong desire for a youthful appearance
- Fat transfer procedures with the abdomen as a donor site dominated the market in 2021. This can be attributed to the high adipocyte viability of fat obtained from this region
- North America dominated the regional market in 2021. This can be attributed to the greater availability and adoption of advanced treatment options in this region
- The Asia Pacific region is anticipated to witness lucrative growth during the forecast period. This can be attributed to the rising disposable income and increasing awareness regarding various aesthetic procedures among regional consumers
