South Korea Lip Augmentation Market Size & Outlook
South Korea lip augmentation market, 2018-2030 (US$M)
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South Korea lip augmentation market highlights
- The South Korea lip augmentation market generated a revenue of USD 275.8 million in 2023 and is expected to reach USD 498.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.8% 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 275.8 million |
| Market revenue in 2030 | USD 498.5 million |
| Growth rate | 8.8% (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 Korea accounted for 4.0% 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 Asia Pacific, South Korea lip augmentation market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 402.7 million by 2030.
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Lip Augmentation Market Scope
Lip Augmentation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 56.6% in 2023. Horizon Databook has segmented the South Korea lip augmentation market based on temporary, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is the 8th largest aesthetic market in the world having the highest count of aesthetic procedures per capita globally with 600+ clinics in Seoul alone. Key market drivers include growing awareness about aesthetic products, aging population, and extremely beauty conscious individuals.
The Advent of new technology is also adding scope for adoption of new cosmetic procedures, and cosmetic treatment cost in South Korea is approximately 40% to 80% cheaper than other countries. Thus, thousands of people travel to the country every year to undergo various surgical procedures.
The cosmetic regulations in Korea are not very stringent and have a diverse range of filler procedures as options. This can be a factor creating hurdle in the growth of this market as the credibility and safety of such procedures are questioned by the consumers.
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Target buyers of South Korea lip augmentation market databook
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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 Korea lip augmentation market, including forecasts for subscribers. This country databook contains high-level insights into South Korea lip augmentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea lip augmentation market size, by type, 2018-2030 (US$M)
South Korea Lip Augmentation Market Share, 2023 & 2030 (US$M)
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