Facial Fat Transfer Market Set to Witness an Uptick during 2019 to 2026Posted by Mrudula Anil Karmarkar on May 25th, 2021 The global facial fat transfer market size is anticipated to reach USD 4.2 billion by 2026 at a CAGR of 10.7%, according to a new report by Grand View Research, Inc. The growth of the market is attributed to various benefits of fat grafting and the growing geriatric population. Furthermore, technological advancements in aesthetic devices are also anticipated to fuel market growth. With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor. According to the United Nations data, individuals above the age of 65 years are accounted for nearly 9% in 2019, while the number is estimated to reach nearly 11% by 2050. In addition, the number of individuals aged above 80 years is 143 million in 2019 and is expected to reach 426 million in 2050. The facial skin of aging people is prone to deep wrinkles, dry skin, volume loss and elasticity loss, thereby driving the facial fat transfer market growth. Furthermore, the increasing usage of social media, beauty apps, and the extensive marketing techniques of skincare and aesthetic device companies have led to increase in obsession with flawless skin and desire to look perfect. For instance, BeautyPlus Me-Perfect Camera, a photo editing app, became the top trending Google Play store app in 2016, thus highlighting the rise in desire to look flawless in order to receive social media appreciation in the form of ‘likes’. The market is charactetized by few established players and several start-ups or small enterprises. This can be attributed to the presence of ambiquous regulatory scenairo and capital intensive product development process. Furthermore, the clinicians and plastic surgeons performing these procedures also limited in number and have high fees, thus signifcantly affecting the adoption of this technique. Facial Fat Transfer Market Report Highlights
Fat transfer, also known as autologous fat transfer or fat grafting, is mainly performed to enhance the aesthetic appeal of face by reducing crow’s feet, smile lines or frown lines. Therefore, an increase in incidences of these conditions due to aging and pollution is propelling the demand for facelift, thereby driving the market for facial fat transfer. Moreover, plastic surgeons are increasingly suggesting fat grafting for facial volume augmentation surgery owing to its various advantages over traditional dermal fillers. As compared to the conventional dermal fillers, the results of facial fat transfer last longer, has zero/minimal adverse reactions and are cost effective on long term perspective. For instance, since the fat used for grafting is obtained from the patient’s own body, it has almost zero probability of causing an adverse reaction, whereas the hyaluronic acid based dermal filler have a potential risk of causing multiple allergic reactions. Such advantages are expected to drive the market for facial fat transfer over the forecast period. In 2017, nearly 17.5 million cosmetic procedures (includes both minimally invasive and surgical) were performed as per the American Society of Plastic Surgeons (ASPS) report. Two of the top five surgical procedures were liposuction and tummy tuck while soft tissue fillers ranked 3rdamong the minimally invasive procedures. The increasing demand for these procedures is anticipated to drive the market for facial fat transfer. This can be attributed to the cost effectiveness of the combination of these procedures along with fat transfer process. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/6869/ibb Some of key companies profiled are Ranfac Corp; Cytori Therapeutics, Inc.; Allergan Plc.; Medikan International Inc.; Emory Healthcare; and Stanford Health Care. The above-mentioned 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 the clinics and hospitals that are specifically trained and hold strong experience in cosmetic procedure increase the credibility of the aesthetic center whereas regulatory approvals improve the credibility of the devices. Grand View Research has segmented the global facial fat transfer market on the basis of donor site, end use: Facial Fat Transfer Donor Site Outlook (Revenue, USD Million, 2015 - 2026)
Facial Fat Transfer End-use Outlook (Revenue, USD Million, 2015 - 2026)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it! More by this author |