Global Cosmetic Surgery and Services Market to reach USD XX billion by 2027.Global Cosmetic Surgery and Services Market is valued at approximately USD XX million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.9 % over the forecast period 2021-2027. Cosmetic plastic surgery entails surgical and non-surgical operations to enhance and remodel bodily structures in order to modify looks . According to a study published in the Aesthetic Surgery Journal in July 2020 by Dana E Bregman et al., total surgeon fees collected from surgical and minimally invasive treatments in the United States totaled USD 5 billion in 2018. The present pandemic has resulted in a 20% reduction in fees received, which is likely to have a negative influence on the market studied in 2020. The safety of ablative resurfacing lasers, microneedling, and dermatological surgery techniques has been questioned as the COVID-19 epidemic has risen in size. Furthermore, a sluggish economy and less discretionary expenditure deter clients from going through the process. Technological developments in equipment, rising desire for minimally invasive and non-invasive procedures, and rising knowledge of cosmetic surgery are all driving this market forward. According to yearly plastic surgery procedure statistics, 1.8 million cosmetic surgical operations and 16.3 million cosmetic minimally invasive procedures were performed in the United States in 2019, representing a 2% increase over 2018. As a result, the industry is being driven by the rising popularity of aesthetic treatments for facial enhancement. However, side effects associated with cosmetic treatments may impede the market growth over the forecast years.
The regional analysis of the global Cosmetic Surgery and Services Market is segmented for the key regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World (ROW). North America is the dominating region across the world in terms of market share due to rising population pool focusing on external aesthetics and the improvements that are being done in cosmetic procedures in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rise in spending more money on cosmetics and are eager to adopt novel cosmetic treatments across the region.
Major market player included in this report are:
AbbVie Inc.
Bausch Health Companies Inc.
Cynosure Technologies
Galderma SA
Laboratories Vivacy SAS
Merz Pharma GmbH & Co. KGaA
Sinclair Pharma PLC
Syneron
Teoxane Laboratories
Vital Esthetique
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Surgical Treatment:
Breast Augmentation
Liposuction
Tummy Tuck
Eyelid Surgery
Breast Lift
By non-surgical treatment:
Botulinum toxin
Dermal Fillers
Laser Hair Removal
Photo-rejuvenation
Microdermabrasion
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.
Target Audience of the Global Cosmetic Surgery and Services Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors