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Global Cosmetic Surgery Market size to exhibit a CAGR of 7.8% between 2017 and 2023. In terms of value, the market can be worth USD 21.97 Billion by the end of the forecast period. Cosmetic surgery, also known as plastic surgery, is defined as a special segment of surgery field that is involved in the reconstruction, restoration, or alteration of a human body part so as to enhance the appearance of the person receiving the surgery.There are different factors that are driving the global cosmetic surgery market growth. The economic factors driving the market growth include falling cost of cosmetic surgeries and increasing per capita income. Among health factors, the credit for market growth goes to injuries caused by road accidents, rise in obesity, increasing number of cosmetic surgery hospitals, and the growing safety margin of cosmetic surgery. Technological factors responsible for market growth include development for advanced material for implants. Among the social and cultural factors, the most important factor contributing to the market growth include influence from cinema and media. Other factors include peer pressure for appearance & beauty and changing dimensions of beauty.
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Cosmetic Surgery Market Key Players
Major players in the global cosmetic surgery market include Allergan Inc. (Ireland), Cutera Inc. (USA), Genesis Biosystems Inc. (USA), Johnson & Johnson (USA), Syneron Medical Ltd. (USA), and Valeant Pharmaceuticals International (Canada).
Cosmetic Surgery Market Segmentation:
The global cosmetic surgery market segmentation covers many surgery types such as body contouring, cosmetic implants, eyelid & nose surgery, facial reconstruction, liposuction, and others. MRFR’s take on the market allows an in-depth look into various facets of the market.
The body contouring segment has been sub segmented into breast lift, tummy tuck, others. The cosmetic implants segment has been sub-segmented into breast augmentation, buttock implants, chin & cheek implants.
Cosmetic Surgery Market Regional Insights:
A geographical outlining of the global cosmetic surgery market encompasses North America, Europe, Asia Pacific, and the Middle East & Africa (MEA).
North America is the biggest regional market in the global cosmetic surgery market due to the presence of USA that as a country alone holds the major share in the global market. In USA, the market is growing due to the growing acceptability of cosmetic surgery and increasing awareness about cosmetic surgery. The market is also growing due to advanced technologies with cosmetic surgery that include advanced silicone implants and polymer implants. The growing disposable income and the availability of advanced medical facilities are also contributing to the market growth. Most of the major market players are based in North America, especially in USA and some in Canada. After USA, Canada holds the potential of becoming a strong country-specific market due to its strong economy.
In Europe, the cosmetic surgery market can grow during the forecast period due to technological advancement and the availability of advanced medical facilities. Regarding technology, Europe is second only to North America. The vibrant economies in this region that can emerge as important country-specific markets in this region include France, Germany, and the UK.
In the Asia Pacific region, the market is surging due to progress of advanced medical facilities, rising disposable income, and active medical tourism industry. The fastest market growth in this region can be witnessed in China, India, and Japan. Breast implants and eyelid surgeries are gaining popularity in Japan. In Latin America, the market is growing steadily on the lines of the Asia Pacific region.
In the MEA region, the market holds small share in global market due to the less emphasis on improving healthcare, limited availability of technology, lack of awareness, many religious as well as cultural reasons, and poor economies.
Latest Industry News:
CDA House of Delegates is working with the Dental Board of California for a better understanding of the scope of practice for general dentists as it relates to the use of cosmetic agents like Botox and and many dermal fillers. This is being done to clear up the confusion that arose from the creation of the Elective Facial Cosmetic Surgery permit as it is related to the scope of cosmetic services general dentists may provide and use of agents meant for facial surgery for dental surgeries.
Table of Content:
Introduction
Research methodology
Market Introduction
Market Factor Analysis
Global Cosmetic Surgery Market, By Surgery Type
Global Cosmetic Surgery Market, by Region
Competitive Landscape
Company Profile
Appendix
List of Tables and Figures
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