Cosmetic surgery market worth US$58.78 billion by 2028

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The global cosmetic surgery market is likely to benefit from the ever increasing number of female patients undergoing procedures, such as chin augmentation, breast reduction and breast augmentation. The American Society for Aesthetic Plastic Surgery (ASAPS) stated that in 2018, breast reduction (18%) and chin augmentation (20%) were two of the most popular surgeries in the United States. This information is given by Fortune Business Insights™ in a recent report, titled “Cosmetic Surgery Market Size, Share Forecast, 2021-2028”. The report further states that the cosmetic surgery market size was USD 44.55 billion in 2020 and the market is expected to grow from USD 46.02 billion in 2021 to USD 58.78 billion in 2028, exhibiting a CAGR of 3.6% over the forecast period.

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What does this report contain?

  • To elaborate insights on the factors that would accelerate the growth of the market in the coming years.
  • Comprehensive data on all the factors that can act as barriers to growth.
  • In-depth analysis of cosmetic surgery market trends, challenges and opportunities.
  • A thorough analysis of the competitive landscape and profiles of all vendors.

Increased focus on reducing post-surgical interventions to propel growth

The market consists of several top companies that are currently focused on capitalizing their market share by delivering new instruments and products to the masses. Also, the demand for unique products with reduced post-surgical interventions and adverse effects helps these companies to invest huge sums in research and development activities.

Additionally, patients and healthcare providers today are looking for state-of-the-art products. Along with this, increasing emphasis on eliminating the harmful effects of implants and other similar cosmetic procedures would aid in the growth of the cosmetic surgery market in the near future. However, the emergence of unlicensed installations across the globe may hamper the growth of the market.

For more information on the analysis of this report, visit: https://www.fortunebusinessinsights.com/cosmetic-surgery-market-102628

Segment-

High demand for dermal filler procedure to accelerate non-surgical procedures segment

In terms of procedure, the market is divided into non-surgical and surgical procedures. Among these, in 2018, the surgical procedures segment occupied the leading position in the market. Although the number of surgical procedures is far less than that of non-surgical procedures across the globe, the expensive nature of the former is one of the major factors responsible for the high share of the segment. Eyelid surgery, liposuction and breast augmentation were the most performed major surgeries in 2018.

The non-surgical procedures segment, on the other hand, is expected to witness tremendous growth owing to the increasing number of patients undergoing dermal filler and injectable procedures globally. Hyaluronic acid and botulinum toxin were two of the dominating areas of this segment in 2018. The development of new dermal fillers with advanced features would help in the growth of this segment.

Regional outlook

High per capita income and cost per surgery to support industry growth in North America

North America is expected to dominate the cosmetic surgery market share owing to its high per capita income and cost per surgery. The North America market stood at USD 13.45 billion in 2020 and is expected to grow rapidly over the forecast period. Additionally, changing consumer preferences and adoption of a healthy lifestyle are expected to boost product adoption. These factors can propel the development of the market.

In Asia-Pacific, the growth of medical tourism business in India could drive the adoption of cosmetic surgery among the population. These factors may influence market growth during the pandemic.

List of Companies Featured in the Global Cosmetic Surgery Market:

  • S.TETIK
  • Westlake Dermatology
  • Long Island Plastic Surgery Group, PC
  • ALLERGAN
  • Merz Pharma
  • Galderma Laboratories
  • Cleveland Clinic
  • Other Key Market Players

Quick Buy – Cosmetic Surgery Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102628

Contents:

  • Introduction
  • Summary
  • Market dynamics
  • key ideas
  • Global Market Analysis, Cosmetic Surgery Market Overview and Forecast, 2017-2028
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Procedures
      • Surgical interventions
        • Mammal augmentation
        • Liposuction
        • Eyelid surgery
        • Abdominoplasty
        • Rhinoplasty
        • Others
      • Non-surgical procedures
        • Botulinum toxin
        • Hyaluronic acid
        • Hair removal
        • Non-surgical fat reduction
        • Photorejuvenation
        • Others
      • Market Analysis, Outlook and Forecast – By Gender
      • Market Analysis, Outlook and Forecast – By Vendor
        • Hospitals and specialized clinics
        • Spas and cosmetic surgery centers
      • Market Analysis, Outlook and Forecast – By Geography
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East and Africa

TOC Continued…!

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