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
Global Cosmetic Surgery Market – Competitive Dashboard
The competitive landscape of the market for cosmetic surgery represents robust competition among the players who avail of opportunities such as strategic alliances, mergers and acquisitions, research & development, expansion of product portfolio, etc. to increase their market share.
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Global Cosmetic Surgery Market – Key Players
Key players profiled in the report are
- Johnson & Johnson
- Valeant Pharmaceuticals International
- Cutera, Inc.
- Syneron Medical Ltd.
- Allergan, Inc.
- Genesis Biosystems, Inc.
Future Drivers and Constraints Impacting the Global Market
With the changing dimension of beauty, influence of media, film industry and fashion, the market is predicted to fuel over the forecast period. Health factors such as rise in accidents and obesity have led to the growth of the market. Moreover, technological factors which include the development of advanced materials like silicone implants is also expected to spur the market growth globally. Formation of tourism clusters like Bangkok and Miami has increased exposure to cosmetic surgery besides creating a high point demand of the same. According to American society for aesthetic plastic surgery, for 2013 there was 6.5% growth in the total number of cosmetic surgery procedure over 2012. There has been an increasing trend of such surgeries, showcasing 40 % growth with men.
Moreover, with the increasing popularity of digital photography, introduction to self-monitoring apps, high demand to increase one’s self-esteem, and affordability of cosmetic surgeries in developing countries can substantially increase the volume of cosmetic surgery procedures.
Meanwhile, social taboos against body part violation, non-essential nature of cosmetic surgery, and high cost associated with such surgeries are some of the major factors restricting the growth of the market globally.
Global Cosmetic Surgery Market – Segments
The Global cosmetic surgery market is segmented on the basis of surgery type. Based on the surgery type, the market has been segmented as liposuction, eyelid and nose surgery, body contouring, facial reconstruction, cosmetic implants and others. The body contouring segment is further sub segmented into tummy tuck, breast lift, others. Similarly, the cosmetic implants segment is sub segmented into breast augmentation, buttock implants, chin & cheek implants.
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Global Cosmetic Surgery Market – Regional Analysis
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.
Some of Major Table of Contents for “Global Cosmetic Surgery Market Research Report- Global Forecast To 2023”
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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