A recent report published by Infinium Global Research on the cosmetic surgery market provides an in-depth analysis of segments and sub-segments in the global as well as regional cosmetic surgery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cosmetic surgery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cosmetic surgery market. According to the report, the global cosmetic surgery market is projected to grow at a CAGR of 7.4% over the forecast period of 2019-2025.
Cosmetic surgery is a procedure for enhancing one’s appearance with the help of surgical and medical techniques. The cosmetic surgery includes surgeries for eyelid surgery, tummy tuck, breast uplift, hair removal, and dermal filler surgeries among others. The cosmetic surgery market is expected to grow during the forecast period.
The rising popularity of medical tourism is a major factor driving the growth of the cosmetic surgery market as high-quality treatments in developing countries can be performed at a lower cost than in the advanced countries. The growing adoption of cosmetic procedures by people suffering from medical conditions such as obesity to improve their body contours and proportion has contributed to the significant growth of the global cosmetic surgery market. Growing beauty awareness among the global population coupled with rapidly expanding elderly population plays a vital role in the growth of the cosmetics surgery market across the globe. Though, high cost related to the manufacturing of cosmetic products, severe government approvals and rising post-surgery complications related to cosmetic surgery procedures is expected to hinder the growth of the global cosmetic surgery market. Rising technological advancements and healthcare spending are likely to create new opportunities for the cosmetic surgery market in the upcoming years.
In terms of region, the cosmetic surgery market is categorized into North America, Europe, Asia Pacific, and the Rest of the World. Among all, North America holds the maximum market share and is expected to dominate the global cosmetic surgery market during the forecast period. The United States is the largest cosmetic surgery market in North America. The strong presence of manufacturers of cosmetic surgery products and devices in the US and increasing awareness to opt for this surgery are some of the major reasons for the growth of the cosmetic surgery market in North America. Europe is the second-largest cosmetic surgery market in the world due to the growing popularity of cosmetic procedures. The Asia Pacific is expected to grow at a beneficial rate during the forecast period due to the growing adoption of western culture among the majority of the population.
The report on global cosmetic surgery market covers segments such as surgical procedure, and non-surgical procedure. On the basis of surgical procedure, the sub-markets include breast enhancement treatment, liposuction treatment, tummy tuck treatment, eyelid surgery treatment, and hair transplantation. On the basis of non-surgical procedure, the sub-markets include injectable, dermal fillers treatment, laser hair removal treatment, and facial rejuvenation treatment.
The report provides profiles of the companies in the market such as Allergan, Inc., Alma Lasers, Ltd., Cutera, Inc., IRIDEX Corporation, Johnson & Johnson, Lumenis Ltd., Genesis Biosystems, Inc., Merz Aesthetics, Inc., Smith & Nephew plc, and Syneron Medical Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cosmetic surgery market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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