The Cosmetic Surgery and Procedure Market is expected to foresee significant growth. The U.S. to lead the growth!
- Vikas Kumar
- June 27, 2022
- HEALTHCARE, NEWS
- Cosmetic Surgery and Procedure Market Forecast, Cosmetic Surgery and Procedure Market Growth, Cosmetic Surgery and Procedure Market News, Cosmetic Surgery and Procedure Market Report, Cosmetic Surgery and Procedure Market Share, Cosmetic Surgery and Procedure Market Size, Cosmetic Surgery and Procedure Market Trend
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The cosmetic surgery and procedure market is expected to register a CAGR of around 5% over the period of 2021-2027. Cosmetic surgery is a surgical or non-surgical process that is dedicated to the reconstruction of facial and body structure. There are some growing cosmetic surgeries are breast augmentation, liposuction, nose reshaping, eyelid surgery, tummy tuck, and facelift. Moreover, cosmetic procedures are becoming more popular and expanding at a rapid rate owing to the technological advancements and the development of sophisticated materials such as silicone implants, among other things, are propelling the industry forward. In addition, increasing awareness in the youth generation worldwide through social media, fashion, peer pressure for appearance and attractiveness, shifting dimensions of beauty, and entertainment industries will drive the growth of the market.
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Based on procedure, the cosmetic surgery and procedure market is segmented into surgical and non-surgical. In 2020, The surgical category is anticipated to witness a significant growth rate over the forecast period. These are further fragmented into surgical procedures that are, breast augmentation, liposuction, eyelid surgery, abdominoplasty, rhinoplasty and non-surgical procedures, botulinum toxin, hyaluronic acid, hair removal, non-surgical fat reduction, photo rejuvenation, and others. Therefore, in the surgery procedure breast augmentation is done by placing implants behind the breast tissue or under the chest muscle. An implant is a sac filled with either sterile salt water (saline) or a material called silicone. Furthermore, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, there were 1,624,281 breast augmentation procedures performed worldwide.
Based on provider, the cosmetic surgery and procedure market is categorized into hospitals and specialty clinics, and cosmetic surgery centers. In 2020, the hospitals and specialty clinics category dominated the cosmetic surgery and procedure market and is expected to grow significantly in the upcoming years. The growth of this category is due to the rising number of burn cases, obesity, the availability of skilled professionals and the increasing awareness of cosmetic surgeries are the major factors for the growth of this segment. In addition, the prevalence of obesity is also a major factor in the growth of this category during the forecast period. Furthermore, according to the World Health Organization (WHO), More than 1 billion people worldwide are obese. In which 650 million are adults, 340 million are adolescents, and 39 million are children
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For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. This is mainly due to the increasing cosmetic surgeries, high income, advanced healthcare infrastructure, adoption of cosmetic procedures such as liposuction, eyelid surgery, botulinum toxin, hair removal treatment, photo rejuvenation, and awareness in the youth generation worldwide through social media, fashion, appearance, and attractiveness will drive the growth of the market in this region. Furthermore, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, in the U.S. 3,182,815 nonsurgical procedures were performed worldwide.
Some of the major companies operating in cosmetic surgery and procedure include Abbvie inc., Bausch health companies inc., Cynosure technologies, Galderma sa, Merz pharma gmbh & co. kgaa, Sinclair pharma plc, Syneron, Teoxane laboratories, Vital esthetique, Johnson & Johnson
Cosmetic Surgery and Procedure Market Segmentation
Market Insight, by procedure
Market Insight, by provider
- Hospitals and Specialty Clinics
- Cosmetic Surgery Center
Market Insight, by Region
- North America Cosmetic Surgery and Procedure
- Rest of America
- Europe Cosmetic Surgery and Procedure
- Rest of Europe
- Asia-Pacific Cosmetic Surgery and Procedure
- South Korea
- Rest of Asia-Pacific
- Rest of the world Cosmetic Surgery and Procedure
Top Company Profiles
- AbbVie Inc.
- Bausch Health Companies Inc.
- Cynosure Technologies
- Galderma SA
- Merz Pharma GmbH & Co. KGaA
- Sinclair Pharma PLC
- Teoxane Laboratories
- Vital Esthetique
- Johnson & Johnson