The global cosmetic surgery market is likely to gain traction from the ever-increasing number of patients undergoing procedures, such as chin augmentation, breast reduction, and breast augmentation. The American Society for Aesthetic Plastic Surgery (ASAPS) declared that in 2018, breast reduction (18%) and chin augmentation (20%) were two of the most popular surgical procedures in the U.S. This information is given by Fortune Business Insights™ in a recent report, titled, “Cosmetic Surgery Market Size, Share Forecast, 2021-2028.” The report further states that the cosmetic surgery market size was USD 44.55 billion in 2020 and The market is expected to grow from USD 46.02 billion in 2021 to USD 58.78 billion in 2028, exhibiting a CAGR of 3.6% during the forecast period.
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What Does This Report Contain?
- Elaborate information about the factors that would accelerate the market growth in the coming years.
- Comprehensive data about all those factors that are set to pose as growth barriers.
- In-depth analysis of the cosmetic surgery market trends, challenges, and opportunities.
- A thorough analysis of the competitive landscape and profiles of all the vendors.
Rising Emphasis on Reduced Post-surgical Interventions to Propel Growth
The market consists of several prominent companies that are presently focusing on capitalizing their market share by delivering new instruments and products to the masses. Besides, the demand for unique products with reduced post-surgical interventions and adverse effects is aiding these companies in investing huge sums in research and development activities.
Furthermore, patients and healthcare providers are nowadays looking for state-of-the-art products. Coupled with this, the rising emphasis on removing the harmful effects of implants and other similar cosmetic procedures would contribute to the aesthetic surgery market growth in the near future. However, the emergence of non-licensed facilities worldwide may hamper the market growth.
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High Demand for Dermal Fillers Procedure to Accelerate Non-surgical Procedure Segment
In terms of procedure, the market is divided into non-surgical and surgical procedures. Amongst these, in 2018, the surgical procedures segment was in the leading position in the market. Although the number of surgical procedures is much lower than non-surgical procedures across the globe, expensive nature of the former is one of the main factors responsible for high share of the segment. Eyelid surgery, liposuction, and breast augmentation were the top surgical procedures that were performed the most in 2018.
The non-surgical procedures segment, on the other hand, is set to exhibit considerable growth owing to the rising number of patients undergoing dermal and injectable filler procedures around the world. Hyaluronic acid and botulinum toxin were two of the dominating fields in this segment in 2018. Development of new dermal fillers equipped with advanced features would aid growth of this segment.
High Per-capita Income and Per Surgery Costs to Bolster Industry Growth in North America
North America is projected to dominate the cosmetic surgery market share because of its high per-capita income and per surgery costs. The market in North America stood at USD 13.45 billion in 2020 and is expected to grow rapidly during the forecast period. Furthermore, evolving consumer preferences and the adoption of a healthy lifestyle are expected to boost the adoption of the product. These factors may propel market development.
In Asia Pacific, growing medical tourism activities in India may foster the adoption of cosmetic surgery among the population. These factors may influence the market growth during the pandemic.
List of the Companies Profiled in the Global Cosmetic Surgery Market:
- Westlake Dermatology
- Long Island Plastic Surgical Group, P.C.
- Merz Pharma
- Galderma Laboratories
- Cleveland Clinic
- Other key market players
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Table of Contents:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Market Analysis, Cosmetic Surgery Market Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Procedures
- Surgical Procedures
- Breast Augmentation
- Eyelid Surgery
- Non-surgical Procedures
- Botulinum Toxin
- Hyaluronic Acid
- Hair Removal
- Nonsurgical Fat Reduction
- Photo Rejuvenation
- Market Analysis, Insights and Forecast – By Gender
- Market Analysis, Insights and Forecast – By Provider
- Hospitals & Specialty Clinics
- Spas & Cosmetic Surgery Centres
- Market Analysis, Insights and Forecast – By Geography
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Surgical Procedures
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