The global cosmetic surgery and procedure market size is expected to reach USD 145.7 billion by 2030, registering a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Technological developments, growing use of social media, and increasing disposable income are some of the factors likely to drive the market during the forecast period.
Cosmetic Surgery And Procedure Market Report Highlights
- The rising volume of cosmetic surgeries due to increasing demand from emerging countries is expected to boost the market
- The cosmetic surgery or surgical procedure segment accounted for the maximum share in 2016 due to increasing affordability of cosmetic procedures, increasing the safety of surgeries, the growing reliance of patients on surgeries to achieve positive outcomes, the presence of skilled surgeons, and long-lasting results
- The non-surgical cosmetic procedure segment is likely to witness the fastest growth in the coming years due to higher awareness and lower risk in comparison to surgical procedures. Furthermore, nonsurgical procedures are more economical and a large number of relevant service providers are easily available
- Geographically, North America dominated the cosmetic surgery and procedure market in 2016. It is anticipated to maintain its dominant position during the forecast period due to increased awareness about aesthetic procedures, higher healthcare expenditure as compared to other developing countries, and greater adoption of procedures by both men and women.
- The cosmetic surgery and procedure industry in Asia Pacific is expected to witness the fastest growth over the next decade owing to the growing medical tourism, improving healthcare infrastructure, and availability of high-quality services.
- People from developed countries travel to India, Brazil, Mexico, Malaysia, and South Korea for affordable cosmetic procedures. Hence, the market is expected to witness strong growth in developing countries
- Some of the key players operating in the market are ALLERGAN; Merz Pharma; Nestlé; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson
Gain deeper insights on the market and receive your free copy with TOC now @: Cosmetic Surgery And Procedure Market Report
It includes surgical and non-surgical procedures that enhance & reshape structures of the body to improve appearance and confidence. For example liposuction, breast enlargement or reduction, Injectables, Facial Resurfacing & Rejuvenation, Hair Loss treatment, and abdominoplasty. The substantial increase in the volume of cosmetic procedures can be attributed to the popularity of digital photography, rising demand by consumers to boost self-esteem, the introduction of self-monitoring apps, and the increasing affordability of cosmetic surgeries in developing countries. Furthermore, risk associated with cosmetic surgery has decreased due to technological developments and the presence of skilled surgeons.
It was observed that the volume of both surgical and nonsurgical cosmetic procedures has increased in the past few years. This can be attributed to increasing disposable income, increasing safety of surgical procedures, growing faith of patients on such surgeries, and growing medical tourism.
Cosmetic Surgery And Procedure Market Insights By Regions:
North America accounted for the largest share of more than 35.0% of the global revenue. Advanced healthcare infrastructure, adoption of cosmetic procedures, increasing prevalence of skin disorders, and the presence of board-certified and skilled cosmetic surgeons in the region are some of the major factors contributing to the market growth. Asia Pacific, on the other hand, is projected to grow at the fastest CAGR during the forecast period. The region is backed by countries, such as China, India, and South Korea. South Korea is considered the hub of cosmetic surgeries, which supports the market growth.
Industry Analysis By Major Players:
The global market is highly fragmented with many local players competing with international players. However, a strict regulatory approval process is challenging the entry of new products into the market. Some of the key players in the global cosmetic surgery and procedure market include:
- AbbVie
- Cynosure
- Evolus Inc.
- RevanceGalderma
- Lumenis
- Solta Medical
For Any Questions or Inquire please visit @: https://www.grandviewresearch.com/industry-analysis/cosmetic-surgery-procedure-market/request/rs5
Cosmetic Surgery And Procedure Market Segmentation
Grand View Research has segmented the cosmetic surgery and procedure market on the basis of procedure type, gender, age group and region
Cosmetic Surgery And Procedure Type Outlook (Revenue, USD Million, 2018 – 2030)
- Invasive
- Breast Augmentation; Liposuction; Nose Reshaping; Eyelid Surgery; Tummy Tuck; Others
- Non-invasive
- Botox Injections; Soft Tissue Fillers; Chemical Peel; Laser Hair Removal; Microdermabrasion; Others
Cosmetic Surgery & Procedure Gender Outlook (USD Million, 2018 – 2030)
- Male
- Female
Cosmetic Surgery & Procedure Age Group Outlook (USD Million, 2018 – 2030)
- 13-29
- 30-54
- 55 and above
Cosmetic Surgery And Procedure Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- U.S.; Canada
- Europe
- U.K.; Germany; France; Italy; Spain
- Asia Pacific
- India; Japan; China; Australia; South Korea
- Latin America
- Brazil; Mexico; Argentina
- Middle East & Africa
- South Africa; Saudi Arabia; UAE
Research Methodology
We employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. We utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/special-pricing/2281/rfsp2
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com