Global Cosmetic Surgery Products Market Research Report 2018
Overview: –
In 2018, the growth of global cosmetics and perfumery market was expected to reach 6% and will reach $ 425 billion. According to forecasts by Euromonitor International, in 2018, the United States market was ≈ $ 9.6 billion with a dynamic of + 4.3% compared to 2017 and will occupy about 2.3% of the global turnover of cosmetics and perfumes. The main driver of Cosmetic Surgery Products’ market growth will remain inflation. Over the past five years, no drastic changes have occurred in the sales structure – the mass-market accounts for ≈81% for luxury cosmetics – ≈19%.
Among cosmetic segments, the structure also changed slightly. Facial skincare increased the proportion to 20% and overtook perfumes, the weight of which decreased. Among the distribution channels of cosmetic surgery products, about half of the sales volume falls to specialized cosmetic stores, and a third to grocery stores. The share of online sales is increasing. Today, consumers are increasingly inclined to regard the purchase of cosmetics as entertainment – retail is turning into “retail.” The client does not just choose cosmetics – this process becomes leisure.
The consumer expects the brand to entertain him. Industry players do master classes, launch digital playgrounds (for example, Color IQ from Sephora), and mobile applications (L’OREAL Makeup Genius allows users to virtually try on an image). Millennials form a model of consumer behavior. They are projected to account for 30% of total global retail sales by 2020. This generation is characterized by a buying path built around digital channels: they are heavily influenced by opinion leaders on the network. These features only increase in the behavior of the current generation. The older age group also tends to adopt the consumer behavior model of millennials.
Market Key Players:-
Allergan, Cynosure, Depuy Synthes, Galderm, Syneron Medical, Alma Lasersltd, Stryker, Cuterainc, Iridex Corporation, Johnson & Johnson, Lumenis Ltd, Genesis Biosystems, Merz Aestheticsinc, Sanofi S.A, Smith & Nephew Plc, Syneron & Candela, Valeant Pharmaceuticals International, Cynosure, Solta
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Market Segmentation:
The demographic characteristics of the cosmetic surgery products market are changing. The use of cosmetics and care products is not exclusively a female prerogative. The male audience of the beauty industry is growing, the core of which is also millennials. 47% of men of this generation in Europe are ready to increase the number of products that they use in everyday skincare. Sources of beauty market innovations are new geographic regions. South Korea is now widely regarded as the most innovative manufacturer of cosmetic surgery products.
Factors affecting the growth prospects:
Plastic surgery, regardless of the level of complexity, is a shock to the body, which even carries a risk to life. According to statistics, about 9% of all operations do not proceed as planned. And in the end, such consequences as damage to muscles, ligaments, nerve endings, infection of wounds, ugly scars, bleeding, allergic reactions are possible. Demand for competent specialists in the market of plastic surgery exceeds supply. And as a result – the appearance of pseudo-clinics and charlatan surgeons who cripple their patients, and where no one is safe from death
Major geographies:
Geographically, this report studies the top producers and consumers, focuses on cosmetic surgery product capacity, production, value, consumption, market share, and growth opportunity in these key regions, covering North America, Europe, China, Japan, Southeast, Asia, and India.
Key Players in the Industry:
The leading participant in cosmetic surgery products industry are
Cosmetic Surgery Products Manufacturers, Cosmetic Surgery Products Subcomponent Manufacturers, Cosmetic Surgery Products Distributors/Traders/Wholesalers, Downstream Vendors, and Industry Association.
Latest News:
The territorial body of Roszdravnadzor in Moscow and the Moscow region has conducted 133 inspections of plastic surgery clinics since the beginning of 2019, the press service of the department reports.
Continued…..
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