According to a new report by Market Research Future (MRFR), the global market for cosmetic surgery has reached a revenue of $ 21.97 billion by the end of 2023. The market has been estimated to expand at 7.8% CAGR over the assessment period (2017-2023) mainly due to social and cultural factors like influence of film industry, media, and fashion. Plastic surgery is a special surgery segment which involves reconstruction, restoration, and alteration of the human body and enhance the appearance of the body. Procedures includes both nonsurgical and elective surgical procedures —
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Plastic surgery is a special segment of surgery field which is involved in the restoration, reconstruction, or alteration of the human body so as to enhance the body’s appearance. The market for cosmetic surgery is driven by Social and cultural factors such as influence of media, fashion and film industry, peer pressure for appearance and beauty, changing dimensions of beauty etc. The growth of the tourism industry and formation of tourism clusters such as Miami, Bangkok etc. has not only increased exposure to cosmetic surgeries but have also created a high point demand for these surgeries. The American society for aesthetic plastic surgery estimates that, for the year 2013, there was a 6.5% increase in the total number of cosmetic surgical procedures over 2012, with almost 1.9 million surgical procedures performed in 2013. Thus there has been rising trend of cosmetic surgeries with a hefty 40% growth with men
Health factors such as rise in obesity, accidents, the growing safety margin of cosmetic surgery, growing number of cosmetic surgery hospitals etc.
Technological factors such as development of advanced materials such as silicone implants etc.
Economic factors such as growing per capita income, falling cost of cosmetic surgeries etc.
Key players of Global Cosmetic Surgery Market:
Johnson & Johnson
Valeant Pharmaceuticals International
Syneron Medical Ltd.
Genesis Biosystems, Inc.
The global cosmetic surgery market has been segmented based on surgical procedures, non-surgical procedures, and region.
Major surgical cosmetic procedures comprise lipoplasty, cosmetic ear surgery, cosmetic eyelid surgery, gynecomastia treatment, breast augmentation, abdominoplasty, breast reduction, and breast lift. Among these, breast augmentation and lipoplasty are the most popular surgeries. The number of breast augmentation process has increased owing to the reintroduction of silicone gel breast implant in 2006 by FDA. These procedures are costlier than non-surgical procedures and thus have to depend on insurance coverage.
Non-surgical procedures comprise laser therapy of leg veins, cosmetic injectables, sclerotherapy, laser hair removal, and skin rejuvenation. Among these, cosmetic injectables are expected to dominate the market during the assessment period. Cosmetic injectables can be sub-segmented into hyaluronic acid, poly-l-lactic acid, calcium hydroxyapatite, botulinum toxin type A, and collagen. Skin rejuvenation is further sub-segmented into noninvasive tightening, intense pulsed light laser treatment, Fraxel, chemical peel, and dermabrasion.
US accounts for the maximum market share of the global cosmetic surgery market and the market is expected to increase continuously in coming years. This can be attributed to increasing pool of awareness and the growing acceptability of cosmetic surgery. Advancing technologies within the cosmetic surgery such as advanced silicone and polymer implants is also driving the market. However there is a definite shift of cosmetic surgery market to Asia pacific and Latin America with the most active part played by tourism industry.
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Detailed Table of Contents:
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.4 Macroeconomic Indicators
9.1 Key Findings
9.1.1 From Ceo’s Viewpoint
9.1.2 Unmet Needs Of The Market
9.2 Key Companies To Watch
9.3 Prediction Of Medical Robots Industry
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