Mexico Lip Augmentation Market Size & Outlook, 2023-2030
Mexico lip augmentation market, 2018-2030 (US$M)
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Mexico lip augmentation market highlights
- The Mexico lip augmentation market generated a revenue of USD 444.1 million in 2023 and is expected to reach USD 785.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, temporary was the largest revenue generating type in 2023.
- Temporary is the most lucrative type segment registering the fastest growth during the forecast period.
Lip augmentation market data book summary
| Market revenue in 2023 | USD 444.1 million |
| Market revenue in 2030 | USD 785.1 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Temporary |
| Fastest growing segment | Temporary |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Temporary, Permanent |
| Key market players worldwide | Allergan, Nestle SA, Teoxane Laboratories Geneva, Suneva Medical, Sinclair Pharma plc, Merz Pharma, Laboratoires Vivacy |
Other key industry trends
- In terms of revenue, Mexico accounted for 6.5% of the global lip augmentation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil lip augmentation market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,194.6 million by 2030.
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Lip Augmentation Market Scope
Lip Augmentation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico lip augmentation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lip augmentation market will help companies and investors design strategic landscapes.
Temporary was the largest segment with a revenue share of 56.63% in 2023. Horizon Databook has segmented the Mexico lip augmentation market based on temporary, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has become one of the most popular destinations for individuals wanting to go for affordable aesthetic treatments like lip augmentation, becoming the hotspot for medical tourism. Mexico is among the top 10 aesthetic markets in the world and is the second largest market for aesthetic products in Latin America.
Key market drivers include increasing demand for aesthetic treatments among millennials and rising aging population. A Wide range of procedures is available at an affordable price changing the preferences and purchasing decisions of consumers in Mexico.
According To the International Society of Aesthetic Plastic Surgery, in 2018, 437,880 filler procedures including Botox and Poly-L-Lactic acid were performed in Mexico. Rising participation of women, popularity of beauty video blogs, and changing perception of men investing in cosmetic factors leading to market growth Restraints like uncertainty in the administration of New Mexican Policies and surging U.S. dollar rates have resulted in a moderate growth rate of the market in this region.
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Our clientele includes a mix of lip augmentation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico lip augmentation market, including forecasts for subscribers. This country databook contains high-level insights into Mexico lip augmentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico lip augmentation market size, by type, 2018-2030 (US$M)
Mexico Lip Augmentation Market Share, 2023 & 2030 (US$M)
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