South Africa Lip Augmentation Market Size & Outlook
South Africa lip augmentation market, 2018-2030 (US$M)
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South Africa lip augmentation market highlights
- The South Africa lip augmentation market generated a revenue of USD 34.8 million in 2023 and is expected to reach USD 47.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.6% 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 34.8 million |
| Market revenue in 2030 | USD 47.7 million |
| Growth rate | 4.6% (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, South Africa accounted for 0.5% 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 Middle East & Africa, UAE lip augmentation market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 83.9 million by 2030.
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Lip Augmentation Market Scope
Lip Augmentation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 56.61% in 2023. Horizon Databook has segmented the South Africa lip augmentation market based on temporary, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is one of the highest growing country in terms of population, has become a great investment epicenter for major aesthetic and cosmetic multi nationals. According to Africa Business Pages There is an increase in the middle class population by three folds and has opened opportunities for various local and international companies.
Although, Africa accounts for only 3 % of the global cosmetic market, many companies are planning to penetrate the market and organizations like Aesthetic and Anti-Ageing Medicine Society of South Africa (AAMSSA) are at the forefront in promoting various aesthetic procedures.
Moreover, increasing urbanization is showing positive trends for beauty, since urban consumers are wealthier. The country has rich cultural diversity along with high awareness about personal care, which may boost market demand in the country.
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Our clientele includes a mix of lip augmentation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 South Africa lip augmentation market, including forecasts for subscribers. This country databook contains high-level insights into South Africa lip augmentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa lip augmentation market size, by type, 2018-2030 (US$M)
South Africa Lip Augmentation Market Share, 2023 & 2030 (US$M)
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