Global Cosmetic Surgery Market Size

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Pune, India, October 20, 2021 (GLOBE NEWSWIRE) – The world cosmetic surgery market is likely to gain traction with the ever-increasing number of patients undergoing procedures, such as chin augmentation, breast reduction, and breast augmentation. The American Society for Aesthetic Plastic Surgery (ASAPS) said that in 2018, breast reduction (18%) and chin augmentation (20%) were two of the most popular surgeries in the United States. recent report, titled “Cosmetic Surgery Market Size, Industry Share and Analysis, By Type (Surgical Procedures & Non-Surgical Procedures), By Gender (Male & Female), By End User (Spas & Cosmetic Surgery Centers) and hospitals and specialized clinics) and regional forecasts, 2019-2026. The report further states that the cosmetic surgery market size was $ 50.67 billion in 2018 and is expected to reach $ 66.96 billion by 2026, with a CAGR of 3.6% during the period of forecast.

Major players aim to launch new products to increase sales

The market is very fragmented with the presence of many organizations that are constantly striving to gain the maximum share. They do this by conducting research and development to unveil products with cutting edge technology. Below is one of the latest key developments in the industry:

  • april 2018: Merz Pharma GmbH & Co. KGaA, a private pharmaceutical company based in Germany, has launched its new product named Belotero® Lips to treat perioral wrinkles and sublimate the lips.

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Expansion of medical tourism to drive growth in Asia-Pacific and Latin America

Geographically, the market is divided into Latin America, Europe, Middle East & Africa, North America, and Asia Pacific. Of these, in 2018, North America generated $ 15.43 billion in cosmetic surgery market revenue. This growth is attributable to the increasing number of surgeries performed in the United States.

The International Society of Aesthetic and Plastic Surgeons (ISAPS) said that in 2018, around 4.3 million cosmetic procedures were performed in that country alone. It is combined with the increase in per capita spending of populations in North America. Asia-Pacific and Latin America are expected to experience considerable growth in the coming years, fueled by the expansion of medical tourism in these two regions.

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Scope and segmentation of the report

Cover of the report Details
Forecast period 2019 to 2026
Forecast period 2019 to 2026 CAGR 3.6%
Projection of the value 2028 $ 66.96 billion
Year of reference 2018
Market size in 2020 $ 50.67 billion
Historical data for 2015 to 2017
Number of pages 125
Covered segments Procedure, gender, provider and geography
Growth drivers Growing awareness of the general population about a new cosmetic procedure
Surgical interventions should be the leading segment in this market
Presence of an unregulated market to hamper growth

Growing focus on reducing post-surgical procedures to propel growth

The market consists of several leading companies which are currently focused on capitalizing their market share by bringing new instruments and products to the masses. In addition, the demand for unique products with reduced post-surgical procedures and side effects helps these companies invest huge sums in research and development activities.

In addition, patients and healthcare providers today are looking for state-of-the-art products. Coupled with this, the increasing emphasis on removing the harmful effects of implants and other similar cosmetic procedures would help in the growth of cosmetic surgery market in the near future. However, the emergence of unlicensed installations in the world may hamper the growth of the market.

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List of profiled companies in the global market:

  • S.TETIK
  • Westlake Dermatology
  • Long Island Plastic Surgical Group, PC
  • ALLERGAN
  • Merz Pharma
  • Galderma Laboratories
  • Cleveland Clinic
  • Other key market players

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Contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Statistics: key procedures, by key country, 2018
    • Price analysis, key procedures, by key country, 2018
    • Technological advances, cosmetic procedures
    • Recent developments, key mergers / acquisitions, new product launches, etc.
  • Global Cosmetic Surgery Market Analysis, Outlook and Forecast, 2015-2026
    • Main conclusions / summary
    • Market analysis, information and forecasts – By procedure
      • Surgeries
      • Non-surgical procedures
    • Market Analysis, Outlook & Forecast – By Gender
    • Market analysis, information and forecasts – by supplier
      • Spas and cosmetic surgery centers
      • Hospitals and specialized clinics
    • Market analysis, information and forecasts – by region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
  • North America Cosmetic Surgery Market Analysis, Outlook and Forecast, 2015-2026
    • Main conclusions / summary
    • Market analysis, information and forecasts – By procedure
      • Surgeries
      • Non-surgical procedures
    • Market Analysis, Outlook & Forecast – By Gender
    • Market analysis, information and forecasts – by supplier
      • Spas and cosmetic surgery centers
      • Hospitals and specialized clinics
    • Market analysis, information and forecasts – by country

COT continues…!

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