Global Cosmetic Surgery Market Size to Grow at a CAGR of 3.80% in the Forecast Period of 2022-2027
The ‘Global Cosmetic Surgery Market Size, Share, Growth, Trends, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global cosmetic surgery market, assessing the market on the basis of its segments like gender, age group, procedure, end user, and major regions.
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The key highlights of the report include:
Market Overview 2017-2027
• Forecast CAGR (2022-2027): 3.80%
The global cosmetic surgery market is expected to register growth during the forecast period on account of the growing demand for cosmetic surgery and technological advancements across the healthcare industry. The increasing focus of manufacturers on the innovation of cosmetic surgery procedures and devices is likely to enhance the demand for aesthetic treatments.
With the rising prevalence and surging demand for cosmetic surgical procedures, the market growth of cosmetic surgery is expected to propel over the coming years. The launch of technologically advanced products, like non-invasive body contouring systems that are used as fat-freezing technology, is likely to generate market growth opportunities.
An upsurge toward consciousness among consumers to look young has enhanced the aesthetic treatments demand across emerging economies. This is further expected to boost the cosmetic surgery market over the coming years across the globe. Aesthetic procedures, like nose reshaping, Botox injections, and liposuction, are increasing interest among consumers in countries, like South Korea and India.
Cosmetic Surgery Industry Definition and Major Segments
Cosmetic surgery is a distinctive field of medicine dedicated to improving appearance with help of medical and surgical techniques. It can be implemented on several areas of the body, including neck, face, chest, and abdomen. In many cases cosmetic surgery is used to cover up scars or marks from other medical treatments so as to improve the aesthetic appeal, and increase confidence in patients.
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Based on gender, the market is segmented into:
By age group, the market is classified into:
• 13 to 29
• 30 to 54
• 55 and above
Based on procedure, the market is categorised into:
• Eyelid Surgery
• Breast Augmentation
By end user, the market is classified into:
• Hospital and Clinic
• Ambulatory Surgical Facility
• Cosmetic Surgical Centre
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Cosmetic Surgery Market Trends
Geographically, the North American region is anticipated to drive the cosmetic surgery market growth on account of the evolved healthcare infrastructure along with the high adoption of cosmetic procedures. The surging prevalence of obesity coupled with the presence of skilled and board-certified cosmetic surgeons across the North American region are some of the key aspects driving the market growth of cosmetic surgery.
According to the American Society of Plastic Surgeons, there has been an upsurge in the rates of cosmetic surgery procedures over the past few years. With the increase in breast enlargement procedures and the surging use of Botox injections, the demand for cosmetic surgery is likely to witness significant growth over the forecast period.
Meanwhile, the Asia Pacific region is anticipated to gain momentum over the coming years in the cosmetic surgery market growth on account of the increasing accessibility of advanced procedures and surging emphasis on physical appearance. South Korea is accounting for significant growth in the market as the country is considered to be a hub of cosmetic surgeries. The growing awareness about the possibilities of cosmetic surgery along with growing healthcare expenditure in the region are further expected to fuel the market growth of cosmetic surgery across the Asia Pacific region.
Key Market Players
The major players in the global cosmetic surgery market are
• Merz Pharma GmbH & Co.KGaA
• AbbVie Inc.
• Johnson & Johnson Services, Inc.
• Cynosure LLC
• Candela Corporation
• Bausch Health Companies Inc.
• Lumenis Be Ltd.
• Evolus Inc
• Alma Lasers GmbH
• Galderma SA
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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