Malar bags/malar edema/sunken eyes/festoons treatment? (Photo)

You may simply need fillers at the cheeks and tear trough region. That may be all that is necessary to improve that hollowing.

At least from the photos provided, it would appear that the appropriate use of an appropriately robust HA volumizing filler, properly injected for upper cheek augmentation, would significant, and immediately (on-the-spot) address all of the problems that bother you, namely the under-eye hollows, teat troughs and bags. Since the upper cheeks are a major support for the under eyes, age-related or genetic (as is likely the case here) volume deficit in this region can be responsible for all these aesthetic issues. The use of an appropriately robust HA volumizing filler, properly injected, can not only create a more feminine, ideal heart-shaped, oval face, but secondarily improve the under eye hollows and tear troughs and smooth the transition between the upper cheeks and the under-eyes (and thereby significantly diminish the under-eye bags) all at the same time. Relatively expensive fraxel laser treatments are far more suuported by social media buzz and marketing hype than any hard science. So, "buyer beware" when being hawked these kinds of treatments. And blepharoplasty is expensive, aggressive surgery that engenders significant post-treatment downtime and does not address the volume deficit issue. So, be cautious there, as well. You would be wise to consult an experienced, board certified cosmetic dermatologist filler injector. Hope this helps, and has been a sufficiently detailed answer for you. Best of luck.,