Facial Fat Transfer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Facial Fat Transfer Market is expected to register a CAGR of 10.7% during the forecast period owing to the increasing number of cosmetic procedures and the growing aging population. According to the International Society for Aesthetic Plastic Surgery, in 2018, total cosmetic surgeries performed worldwide were around 10,607,227. Furthermore, the number of surgeries related to fat grafting of the face is approximately 542,305 and constitutes about 5.1% of total cosmetic surgical procedures. Aging is always associated with the saggy skin and wrinkles which is generally caused due to loss of facial volume. According to the World Health Organization, in 2018, around 125 million people were at the age of 80 years and above. Hence, it is expected to increase the demand for facial fat transfer.
* The increasing number of hospitals and healthcare expenditures is expected to be a major factor to drive this particular segment. For instance, currently, in the United States, there are around 5,198 community hospitals according to the American Hospital Association.
* Furthermore, the presence of skilled professionals is also expected to influence positively on the market. For instance, in 2018, there were around 7,009 plastic surgeons in the United States and approximately 55% of it performed facial fat transfer, according to the data of the International Society of Aesthetic Plastic Surgery.
North America expected to hold a major market share in the global facial fat transfer market due to the growing number of the aging population and cosmetic surgeries related to face. According to the International Society of Aesthetic Plastic Surgery, in 2018, total cosmetic surgeries occurred were around 366,781 and approximately 49,413 surgeries were related to facial fat grafting. Furthermore, according to the data of Administration on Aging, in 2017, people living at the age of 65 years and above were around 50.9 million. Thus, increasing the aging population and associated tissue laxity and volume deflation is expected to boost the facial fat transfer market growth.
Companies are taking initiatives to develop products related to facial fat transfer which is expected to fuel the facial fat transfer market growth. For instance, in 2019, Alma Lasers introduced a platform, "BeautiFill". It is a fat harvesting platform that is based on laser technology. Some of the companies that are related to facial fat transfer are Cytori Therapeutics Inc., Medikan International Inc., Allergan Plc, Ranfac Corp., Alma Lasers, Medinordic, DMS Biotech, Anthony Products, Inc., Microaire Surgical Instruments Inc., and Human Med AG