Facial Fat Transfer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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. The market is majorly driven by the increasing number of aesthetic procedures across the globe and the rapidly growing geriatric population.

COVID-19 has affected the market studied significantly during the year 2020 as a result of the lockdown and restrictions on non-emergency procedures. Aesthetics is one of the industries which was severely affected due to the pandemic. As per the report published by the International Society of Plastic Surgeons (ISAPS) 2020, there was approximately a 10.9% reduction in the number of aesthetic surgical procedures worldwide. Low-to-middle-income countries were severely affected in terms of aesthetic surgeries during the pandemic whereas high-income countries carried out few procedures depending upon the situation of covid infection. As per the article published in March 2021 titled, 'The impact of COVID-19 on Aesthetics Industry,' it is observed that demand for home-based aesthetic devices during the pandemic was higher and hospital/clinic visits were reduced drastically. Hence, it is believed that the COVID-19 pandemic has affected the market studied significantly.

As per the 2020 report published by the International Society of Plastic Surgeons (ISAPS), there were around 515,819 facial fat grafting procedures performed in the year 2020 worldwide, and there were around 419,046 facelifts were performed across the globe. This high number of facial aesthetic procedures indicates that the market studied is growing significantly. The total number of surgical procedures performed globally was 10,129,528. With the high number of procedures being performed and the increasing preference of the general population to opt for aesthetic surgeries for better appearance, the market is expected to witness strong growth over the forecast period.

Key Market TrendsHospital Segment is Expected to Hold a Significant Market Share in the Facial Fat Transfer Market

The increasing number of hospitals and healthcare expenditures is expected to be a major factor to drive this particular segment. For instance, as of the year 2021, in the United States, there were around 5,198 community hospitals according to the American Hospital Association 2022 survey. Similarly, as per the data from IDR Medical GmBH published in 2022, there are about 1,914 hospitals in Germany. Most of these are public (including some large university hospitals) and have less than 500 beds.

The healthcare systems in the developed countries are majorly focused on the public hospitals that provide multispecialty which enables a broad portfolio of services provided to the patients. However, even private hospitals are becoming the center of attraction for people across developing and developed nations as high-quality treatments are being offered in private hospitals at a comparatively high cost than in public hospitals. As far as the facial fat transfer procedure is concerned, it is mainly carried out in private hospitals.

Furthermore, the presence of skilled professionals is also expected to influence positively on the market. For instance, in 2020, there were around 7,000 plastic surgeons in the United States and approximately 55% of them performed facial fat transfer, according to the data of the International Society of Aesthetic Plastic Surgery 2020. Hence, with the all above-mentioned factors, it is observed that the hospital segment is expected to witness strong growth over the forecast period.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is 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 the face. In the North American region, the United States is one of the well-established markets for aesthetic devices. The presence of the key market players, the rising number of aesthetic/cosmetic procedures, and the high adoption of minimally-invasive procedures are the primary factors driving the market growth.​ According to the 2020 Plastic Surgery Statistics Report by the American Society of Plastic Surgeons, 15.6 million cosmetic procedures and 6.8 million reconstructive procedures were performed in the United States in the year 2020. The report indicated that around USD 16.7 billion was spent on cosmetic procedures in the United States.​

The other factor contributing to the growth of the market studied is the increasing older population in the nation. The Population Reference Bureau in its report on Aging in the United States published in December 2021 indicated that more than 55 million people living in the United States were above the age of 65 years. The rise in the aging population in the United States is expected to add to the market growth over the forecast period.Moreover, there has been increased shift toward the minimally-invasive procedures in the United States as they have less pain and time after the procedures. Hence, owing to the above-mentioned factors market is expected to grow exponentially.​

Competitive Landscape

The market for facial fat transfer is moderately competitive with the presence of global companies. Companies are taking initiatives to develop products related to facial fat transfer which is expected to fuel the facial fat transfer market growth. 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

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