Cosmetic Surgery Market Overview
The cosmetic surgery market is projected to touch USD 21.97 Billion and expand at a decent rate of 7.8% CAGR during the review period. Over the years, minimally invasive surgical procedures have gained significant traction worldwide, emerging as some of the major trends in the cosmetic surgery market. Minimally invasive cosmetic surgeries provide a great many benefits, compared to traditional procedures, such as quicker recovery, less pain, and reduced scarring. Such procedures are not only cost-effective but also render a highly natural look following the surgery. This could be a crucial growth booster for the cosmetic surgery industry in the following years.
Emerging countries such as Mexico, China, Brazil, and India are brimming with a host of growth opportunities for the manufacturers active in the cosmetic surgery market. Cosmetic devices are witnessing a massive demand in these countries, on account of the incredible growth of the medical tourism industry, burgeoning geriatric populace, and rapidly rising disposable incomes. Technological innovations in line with the accelerated use of cutting-edge materials like silicone implants would also propel the market position in the future. Not to mention, various cultural and social elements such as the impact of fashion, entertainment, and media industries coupled with social networking platforms such as Instagram, and Snapchat also enhance the market share worldwide.
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Cosmetic Surgery Market Segmentation
MRFR has segmented the cosmetic surgery industry with respect to surgical procedures as well as non-surgical procedures.
The surgical procedures covered in the MRFR report include cosmetic ear surgery, lipoplasty, cosmetic eyelid surgery, gynecomastia treatment, breast augmentation, abdominoplasty, breast lift, and breast reduction.
Some of the key non-surgical procedures are laser hair removal, laser therapy of leg veins, sclerotherapy, skin rejuvenation, and cosmetic injectables. Cosmetic injectables would be the top segment in the following years, while the skin rejuvenation segment can garner a significant CAGR in the given period.
Cosmetic Surgery Market Regional Insight
North America owns the highest portion of the global cosmetic surgery market, backed largely by the United States, which houses a robust medical infrastructure and a thriving healthcare system. Extensive use of modern technologies by the healthcare sector, and the rising focus of the people on personal grooming has raised the demand for cosmetic surgery in the region. High awareness levels and the rising willingness to opt for plastic surgeries are some of the key influencers in the regional cosmetic surgery market.
The APAC cosmetic surgery market, headed by Japan, India, and China will procure the fastest CAGR during the conjectured period. Breast augmentation and eyelid surgeries enjoy massive popularity in Japan, while India houses a flourishing medical tourism industry that fosters the demand for cosmetic surgeries. Improving economic conditions, soaring number of skilled surgeons, and the high availability of lower priced treatment options also add to the cosmetic surgery market value.
Top Firms
Notable players in the cosmetic surgery market include Valeant Pharmaceuticals International, Syneron Medical Ltd., Cutera, Inc., Johnson & Johnson, Genesis Biosystems, Inc. Allergan, Inc., to list a few.
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Cosmetic Surgery Market Recent News
March 2022
Maia Plastic Surgery has acquired the latest Emsculpt NEO by BTL Aesthetics that is the world’s first and only advanced non-invasive technology that creates more muscle by around 25% and cuts fat by an average of 30%. Emsculpt NEO is the only and first non-invasive body shaping system to make use of two energies, high intensity focused electromagnetic (HIFEM+) and radiofrequency (RF) technology.
March 2022
Élan Laser Clinics, a renowned aesthetic laser treatment brand has made an investment of around £559,000 in its first clinic in the UK. The new clinic now offers a series of laser treatments from tattoo removal to laser hair removal, skin rejuvenation, facials, body contouring, and fat freezing. It also has advanced laser devices from reputed brands such as Alma, and Candela.
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