The global increase in population also results in an increased demand for antiaging cosmetic and aesthetic treatments. Owing to its distinctive viscoelastic and moisturizing properties coupled with lower toxicity levels, demand for hyaluronic acid products are directly affected by growing application in minimally invasive antiaging solutions. Growing aesthetic awareness among the population and increasing medical tourism in the developing regions of the Asia Pacific and Latin America due to developing healthcare infrastructure & affordable treatments are likely to propel the market.
The Global Cosmetic Surgery and Procedures market report covers in-depth analysis of multiple market segments based on type & their sub-types, and study across different topographies. The report is also inclusive of competitive profiling of the leading cosmetic surgery and procedure vendors, and latest developments.
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Global increase in the incidence of acne and other skin-related conditions has driven the market. Furthermore, rapidly aging population and increasing concerns about wrinkles & related skin disorders are some of the key factors likely to boost the market. Furthermore, increasing prevalence of breast cancer has increased the demand for breast augmentation and breast lift procedures. The demand for the tummy tuck (abdominoplasty) and liposuction is also growing due to increasing obese population. Moreover, changing lifestyle, increasing affordability, and advancements in technologies are likely to propel the market growth of cosmetic surgery. Cosmetic surgery and procedure market was valued at ~USD 35 billion in 2017 and is projected to grow at a CAGR of 7.2% during the forecast period 2019-2024.
The global cosmetic surgery and procedure market have been segmented based on type & their sub-types, and geography:
Based on the type the cosmetic surgery and procedure market has been segmented as surgical and non-surgical. Based on the surgical type, the market is segmented as breast augmentation, liposuction, tummy tuck, eyelid surgery, and breast lift. Nonsurgical type is further segmented as Botulinum toxin, Dermal Fillers, Laser hair removal, Chemical peels, Photo-rejuvenation, and Microdermabrasion. The nonsurgical procedures segment is estimated to grow at a higher rate over the forecast period. This is due to increasing aesthetic awareness among the population, rise in medical tourism in regions such as India, South Korea, Brazil, and Singapore. In addition, nonsurgical procedures are more economical for patients. This segment is projected to grow at a CAGR of 7.5% from 2019 to 2024.
Based on geography, the global cosmetic surgery and procedure market has been segmented into:
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of Europe. The key countries included under the Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas, in the Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report.
North America dominated the global market in 2016 and accounted for more than 40% of the total market in 2016. This is owing to increased awareness about cosmetic surgeries, their growing demand, and easy availability of several commercialized procedures & skilled professionals in this region.
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The global cosmetic surgery and procedure market are concentrated with leading manufacturers:
Such as Allergan plc, Merz Pharma, Nestle, Cutera, Cynosure Inc, Ipsen, Sientra Inc., Alma Lasers, Johnson & Johnson, Sinclair IS Pharma, Lumenis, Invasix Aesthetic Solutions, and Syneron Medicals among others.
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