Cosmetology is the study of application of beauty treatments such as hair care, skincare, cosmetic surgeries, etc. The cosmetology market size is majorly driven by the cosmetic surgical procedures (plastic surgeries) such as hair transplant, facelift, and liposuction. Increasing inclination of population towards aesthetic appearance is propelling demand for body enhancements, which in turn is driving the cosmetology market growth. Fillers and Botox are the most popular products in cosmetic surgery for face enhancement. Irrespective of the gender cosmetic surgery is popular among the population.
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Global Cosmetology Market: Drivers
Cosmetic surgeries has become one of the most performed procedures every year. The global cosmetology market revenue is expected to witness significant growth, owing to increasing demand for different types of cosmetic surgeries. For instance, according to American Society of Plastic Surgeons (ASPS) 2017 reports, around 17.5 million cosmetic surgeries were performed in 2017, in the U.S. among which breast augmentation, liposuction, and nose reshaping were the top three procedures.
Furthermore, cosmetology market is witnessing growth, owing to increasing demand for the skin care products. Botox surgeries are mostly preferred by women, as it helps to reduce the wrinkles and maintain youthful skin for longer period of time. According to American Society of Plastic Surgeons (ASPS) 2017 reports, around 7.2 million Botulinum toxin type A, nonsurgical aesthetic treatments were performed in the U.S.
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Global Cosmetology Market: Restraints
The cosmetology market size is restrained by the potential side effects and failures of the cosmetic surgeries such as Botox injections, lip fillers, breast augmentation etc. According to Food and Drug Administration (FDA), some of the serious side effects caused by Botox listed in 2016, include problems in swallowing, speaking, or breathing. Other side effects are tiredness, headache, dry eyes, urinary tract infection, and allergic reactions. Failures of cosmetic surgeries also hamper the cosmetology market growth. According to a study published in National Center for Biotechnology Information in 2016, the overall 10 year rupture rate of silicone breast implants is 13% in the U.S.
Global Cosmetology Market: Regional Analysis
North America held the dominant position in the cosmetology market in 2017, owing to emerging technologies used for cosmetic surgeries, which are contributing to cosmetology market growth. For instance, laser surgeries are very popular for the removal of blemishes, scars, facial hairs etc. According to the American Society for Dermatologic Surgery (ASDS), around 3.2 million procedures were performed using laser, light, and energy-based devices for skin resurfacing in 2017 in the U.S.
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Asia pacific is witnessing significant growth in cosmetology market, owing to the rising demand for facial reconstruction surgeries in countries such as China, Japan, and South Korea. Facial reconstruction surgeries such as rhinoplasty (nose job), eyelid lift, and chin reconstruction are the most popular surgeries. According to International Society of Aesthetic Plastic Surgery (ISAPS) 2014 reports, based on the population of South Korea, roughly 20 per 1,000 people have had undergone some type of plastic surgery, reporting the highest ratio of procedures per capita in South Korea
Global Cosmetology Market: Competitive Landscape
Key players operating in the global cosmetology market include GC Aesthetics, Mentor Worldwide LLC, Sientra Inc., Zimmer Holdings Inc., 3M Health Care, Allergan, Inc., Implantech Associates Inc., Institut Straumann AG, Nobel Biocare Holding AG, and Spectrum Designs Medical.
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Global Cosmetology Market: Taxonomy
The global cosmetology market is segmented on the basis of procedure type, application, and region.
By Procedure Type
- Breast Enhancement
- Facial Contouring
- Facial Rejuvenation
- Body Contouring
- Skin Rejuvenation
- Hair Transplant
- Buttock Enhancement
- North America
- Latin America
- Asia Pacific
- Middle East
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