A report by Triton Market Research report has estimated the global cosmetic surgery and procedure market, which generated $29.247 billion in 2018, to rise with a CAGR of 5.70% by the year 2027.
A recent study by Triton Market Research titled ‘Global Cosmetic Surgery and Procedure Market,’ covers the Global Analysis and Forecast for 2019-2027 by Type (Surgical [Liposuction, Breast Augmentation, Breast Lift, Tummy Tuck, Eyelid Surgery, Other Surgical Types], Non-Surgical [Dermal Fillers, Botulinum Toxin, Chemical Peel, Laser Hair Removal, Photo-rejuvenation, Microdermabrasion, Other Non-surgical Types]) and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
There has been an increasing trend among people over recent years to opt for cosmetic procedures and treatments to enhance their physical appearance. These procedures are of two types: surgical and non-surgical. Many of the aesthetic treatments and procedures available today began as solutions to issues relating to reconstructive changes. Therefore, the surgeons having experience performing reconstructive procedures are the most likely to have the required training and expertise in performing cosmetic procedures.
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The report on the global cosmetic surgery and procedure market estimates the industry to generate $48.278 billion by 2027, registering a CAGR of 5.70% over the forecasting years from 2019 to 2027. The enhanced public awareness about aesthetic treatments is the primary force driving this market’s growth. Besides, the rise in people’s disposable incomes and the growth in medical tourism in the developing economies are supplementing the growth. In addition, the elderly population across the world is growing considerably. In many people, old age brings along the desire to preserve one’s youth. This has led to a large section of the geriatric populace opt for anti-aging treatments, which is fuelling the growth of the cosmetic surgery and procedure market.
On the flip side, the side-effects due to these procedures have resulted in people becoming apprehensive about opting for these procedures. Moreover, the availability of substitute treatment options has had people preferring these treatments over the ones conventionally available. These factors are hindering the development of the market.
Based on type, the market is bifurcated into surgical and non-surgical. The surgical spectrum is further categorized into liposuction, breast augmentation, breast lift, tummy tuck, eyelid surgery, and other surgical types. Whereas, the non-surgical spectrum is further segmented into dermal fillers, botulinum toxin, chemical peel, laser hair removal, photo-rejuvenation, microdermabrasion, and other non-surgical types.
The Asia-Pacific market for cosmetic surgery and procedure is forecasted to register the fastest growth during the coming years. The shifting preference towards the APAC region is owing to the rising demand for cosmetic procedures and the rise in the number of cosmetic clinics, particularly in the countries of China and India. The arrival of new players into the regional market, rise in healthcare spending, the overall growth of Asia’s economy, and the increased desire to improve one’s appearance are the factors anticipated to fuel this market’s progress.
Johnson & Johnson Services, Lumenis Ltd. (acquired by Xio), Sinclair Pharma, Cutera Inc, Merz, Allergan, Bausch Health (Formerly VALEANT), Nestlé, Sientra Inc, Ipsen Pharma, Alma Lasers (Acquired By Shanghai Fosun Pharmaceutical (Group) Co Ltd), Candela Corp (Formerly Syneron Medical Ltd), Galderma (Acquired By EQT AB), and Cynosure (Acquired by Hologic) are some of the notable names in the cosmetic surgery and procedure market.
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Question & Answer: Cosmetic Surgery and Procedure Market
Question 1: What factors are aiding the cosmetic surgery and procedure market growth?
Answer: The enhanced public awareness about the process and the importance of aesthetic treatments is the primary force driving this market’s growth. Besides, the rise in people’s disposable incomes and the growing medical tourism in the developing economies are supplementing the growth. In addition, the elderly population across the world is growing considerably. In many people, old age brings along the desire to preserve one’s youth. This has led to a large section of the geriatric populace opt for anti-aging treatments, which is fuelling the growth of the cosmetic surgery and procedure market.
Question 2: Why is the cosmetic surgery and procedure market growth being hindered?
Answer: The side-effects associated with these procedures have resulted in people becoming apprehensive about opting for these procedures. Moreover, the availability of substitute treatment options has had people preferring these treatments over the ones conventionally available. These factors are hindering the development of the market.
Question 3: How is the Asia-Pacific influencing the cosmetic surgery and procedure market growth?
Answer: The Asia-Pacific market for cosmetic surgery and procedure is forecasted to register the fastest growth during the coming years. The shifting preference towards the APAC region is owing to the rising demand for cosmetic procedures and the rise in the number of cosmetic clinics, particularly in the countries of China and India. The arrival of new players into the regional market, rise in healthcare spending, the overall growth of Asia’s economy, and the increased desire to improve one’s appearance are the factors anticipated to fuel this market’s progress.
Question 4: Which companies are covered in the competitive outlook of the cosmetic surgery and procedure market?
Answer: Johnson & Johnson Services, Lumenis Ltd. (acquired by Xio), Sinclair Pharma, Cutera Inc, Merz, Allergan, Bausch Health (Formerly VALEANT), Nestlé, Sientra Inc, Ipsen Pharma, Alma Lasers (Acquired By Shanghai Fosun Pharmaceutical (Group) Co Ltd), Candela Corp (Formerly Syneron Medical Ltd), Galderma (Acquired By EQT AB), and Cynosure (Acquired by Hologic) are some of the notable names in the cosmetic surgery and procedure market.
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