According to report published by Grand View Research, Technological developments, growing use of social media, and increasing disposable income are some of the factors likely to drive the market during the forecast period.
According to a report , “Cosmetic Surgery and Procedure Market Analysis By Type (Surgical, Nonsurgical), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global cosmetic surgery and procedure market is expected to reach USD 43.9 billion by 2025. The cosmetic surgery or surgical procedure segment accounted for the maximum share in 2016 due to increasing affordability of cosmetic procedures, increasing safety of surgeries, growing reliance of patients on surgeries to achieve positive outcomes, the presence of skilled surgeons, and long-lasting results.
Key Takeaways from the report:
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Rising volume of cosmetic surgeries due to increasing demand from emerging countries is expected to boost the market
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The nonsurgical cosmetic procedure segment is likely to witness the fastest growth in coming years due to higher awareness and lower risk in comparison to surgical procedures. Furthermore, nonsurgical procedures are more economical and a large number of relevant service providers are easily available
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Geographically, North America dominated the cosmetic surgery and procedure market in 2016. It is anticipated to maintain its dominant position during the forecast period due to increased awareness about aesthetic procedures, higher healthcare expenditure as compared to other developing countries, and greater adoption of procedures by both men and women.
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The cosmetic surgery and procedure industry in Asia Pacific is expected to witness the fastest growth over the next decade owing to the growing medical tourism, improving healthcare infrastructure, and availability of high-quality services.
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People from developed countries travel to India, Brazil, Mexico, Malaysia, and South Korea for affordable cosmetic procedures. Hence, the market is expected to witness strong growth in developing countries
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Some of the key players operating in the market are ALLERGAN; Merz Pharma; Nestlé; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson
U.S. cosmetic surgery and procedure market by type, 2014 – 2025 (USD Billion)
Geriatric Care Services Market: Institutional care services were the leading segment of the market in 2014. Large presence and high usage rates of institutions offering geriatric care services such as nursing homes, assisted living facilities, hospital based geriatric care and independent senior living communities is a key factor attributing to its market position.
Smart Healthcare Market: Growing implementation of inventory management systems such as RFID KanBan and RFID smart cabinets aimed at curbing inventory costs and ensure appropriate logistics management is expected to boost the growth of the smart healthcare market.
Global cosmetic surgery and procedure market by region, 2016 (%)
Grand View Research has segmented the global cosmetic surgery and procedure market on the basis of type and region:
Type of Cosmetic Surgery and Procedure Outlook (Revenue, USD Million, 2014 – 2025)
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Surgical
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Breast Augmentation
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Liposuction
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Tummy Tuck
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Eyelid Surgery
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Breast Lift
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Non-surgical
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Botulinum toxin
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Dermal Fillers
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Laser Hair Removal
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Photo-rejuvenation
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Microdermabrasion
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Regional Outlook (Revenue, USD Million, 2014 – 2025)
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North America
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U.S.
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Canada
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Europe
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France
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Germany
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Asia Pacific
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India
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China
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South Korea
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Latin America
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Brazil
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Middle East & Africa
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South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
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