Rising number of geriatric people along with growing demand for retaining young and beauty is a key driver for the global plastic surgery market. In addition, technological advancement in surgeries and rising number of obese and overweight people have also fueled the growth of global plastic surgery market. However, a high cost of surgeries and stringent regulatory approvals are some of the major restraints for the global plastic surgery market. In addition, high risks of adverse effects associated with surgeries also obstruct the growth of global plastic surgery market. Increasing usage of plastic surgery biomaterials develops an opportunity for the market.
In terms of geographic, North America and Europe dominates the global plastic surgery market. This is due to rise aging population and high adoption rates of aesthetic products in these regions. The U.S. represents the largest market for plastic surgery followed by Canada in North America. In Europe, France, Germany, Italy, Spain, and the U.K. holds a major share of plastic surgery market. However, Asia is expected to show high growth rates in the next five years in global plastic surgery market due to increasing awareness about plastic surgery procedures and growing medical tourism industry. China and India are expected to be the fastest growing plastic surgery markets in Asia.
Some of the major companies operating in the global plastic surgery market are Allergan, Inc., BioForm Medical, Inc., Solta Medical, Candela Corporation, Lumenis, and Cynosure.
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