Technological developments in the medical device industry to produce advanced cosmetic surgical products are expected to provide lucrative opportunities.
PORTLAND, OREGON, USA, August 31, 2022 /EINPresswire.com/ — The growth of cosmetic surgery market share is mainly driven by the growth of cosmetic surgery procedures; Increased demand for cosmetic procedures; and increasing technological advancements in the healthcare sector. Technological developments in the medical device industry to produce advanced cosmetic surgical products are expected to provide lucrative opportunities for the expansion of the global cosmetic surgery market during the cosmetic surgery market forecast.
Moreover, the increase in the number of approvals of cosmetic surgery products is fueling the growth of the cosmetic surgery market. For example, in January 2021, Johnson & Johnson, a pharmaceutical and medical device company, received U.S. Food and Drug Administration (FDA) approval for its new MemoryGel Boost mentor breast implant for breast augmentation. in women.
𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝
North America accounted for the majority of the global cosmetic surgery market in 2021 and is expected to remain dominant during the forecast period. The increase in the number of breast augmentation procedures is attributed to the increase in the number of cosmetic surgery product approvals, the presence of the cosmetic surgery industry, and advancements in healthcare, medical devices and aesthetics in the region.
It is classified into male and female. The female segment dominated the market in 2021 and is expected to continue this trend during the forecast period due to the increase in demand for beauty procedures, increasing emphasis on personal aesthetics among women and of the increase in the number of female populations undergoing cosmetic surgery.
The market is segmented into breast augmentation, eyelid surgery, liposuction, rhinoplasty and others. The surgical segment dominated the market in 2021 and is expected to continue this trend over the forecast period owing to the increase in the number of breast augmentation procedures and the number of approvals for cosmetic breast implant surgery.
𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
The COVID-19 outbreak is expected to negatively impact the growth of the global cosmetic surgery market. A number of clinics and hospitals have been restructured to increase hospital capacities for patients diagnosed with COVID-19. The implementation of lockdown, due to the COVID-19 outbreak, has resulted in a drop in the number of patient visits for cosmetic procedures during the pandemic. Cosmetic surgery procedures are elective procedures that significantly hamper cosmetic business revenue. According to the European Journal of Plastic Surgery, in June 2021, it was reported that the total number of surgeries decreased by 23.5% after the COVID-19 outbreak.
• By surgical procedure, the breast augmentation segment was the largest contributor to the market in 2021.
• By gender, the female segment was the largest contributor to the market in 2021.
• By age group, the 30-54 segment dominated the market in 2021 and is expected to continue this trend during the forecast period.
• By vendor, the hospitals and clinics segment was the largest contributor to the market in 2021.
• By region, North America generated the largest revenue share in 2021, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Key Companies Featured in the Report Abbvie Inc, Bausch Health Companies Inc., Candela Syneron, cynosure inc, Galderma SA, Merz Pharma GmbH and Co. KGaA, Sientra Inc, Sinclair Pharmaceuticals Limited, Teoxane Laboratories, Johnson and Johnson
𝐖𝐞 𝐚𝐥𝐬𝐨 𝐎𝐟𝐟𝐞𝐫𝐬 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐂𝐨𝐮𝐧𝐭𝐫𝐲:
• Cosmetic surgery market in North America
• Japanese cosmetic surgery market
• Cosmetic surgery market in South Korea
• Singapore cosmetic surgery market
• Australian cosmetic surgery market
• European cosmetic surgery market
• Chinese cosmetic surgery market
• Taiwanese cosmetic surgery market
• New Zealand cosmetic surgery market
𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬
Q1. What is the total market value of the Cosmetic Surgery market report?
Q2. What would be the forecast period in the market report?
Q3. What is the base year calculated in the cosmetic surgery market report?
Q4. Which are the major companies holding the market share in the cosmetic surgery market?
Q5. What is the most influential growing segment in the cosmetic surgery market report?
Q6. What are the key trends in the cosmetic surgery market report?
Q7. What is the cosmetic surgery market?
Q8. What is the market value of the cosmetic surgery market in 2022?
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
AMR introduces its premium subscription-based online library Avenue, designed specifically to provide a unique and cost-effective solution for businesses, investors and universities. With Avenue, subscribers can benefit from a comprehensive repository of reports on over 2,000 niche industries and over 12,000 company profiles. Additionally, users can get online access to quantitative and qualitative data in PDF and Excel formats, as well as analyst support, customization, and updated versions of reports.