According
to a new report by Market Research Future (MRFR), the global market for
cosmetic surgery has reached a revenue of $ 21.97 billion by the end of 2023.
The market has been estimated to expand at 7.8% CAGR over the assessment period
(2017-2023) mainly due to social and cultural factors like influence of film
industry, media, and fashion. Plastic surgery is a special surgery segment
which involves reconstruction, restoration, and alteration of the human body
and enhance the appearance of the body. Procedures includes both nonsurgical
and elective surgical procedures
Plastic surgery is a special segment of
surgery field which is involved in the restoration, reconstruction, or
alteration of the human body so as to enhance the body’s appearance. The market
for cosmetic surgery is driven by Social and cultural factors such as influence
of media, fashion and film industry, peer pressure for appearance and beauty,
changing dimensions of beauty etc. The growth of the tourism industry and
formation of tourism clusters such as Miami, Bangkok etc. has not only
increased exposure to cosmetic surgeries but have also created a high point
demand for these surgeries. The American society for aesthetic plastic surgery
estimates that, for the year 2013, there was a 6.5% increase in the total
number of cosmetic surgical procedures over 2012, with almost 1.9 million
surgical procedures performed in 2013. Thus there has been rising trend of
cosmetic surgeries with a hefty 40% growth with men
Health factors such as rise in obesity,
accidents, the growing safety margin of cosmetic surgery, growing number of
cosmetic surgery hospitals etc.
Technological factors such as development
of advanced materials such as silicone implants etc.
Economic factors such as growing per capita
income, falling cost of cosmetic surgeries etc.
Key players of Global Cosmetic Surgery
Market:
·
Johnson & Johnson
·
Valeant Pharmaceuticals International
·
Cutera, Inc.
·
Syneron Medical Ltd.
·
Allergan, Inc.
·
Genesis Biosystems, Inc.
Segmentation:
The
global cosmetic surgery market has been segmented based on surgical procedures,
non-surgical procedures, and region.
Non-surgical
procedures comprise laser therapy of leg veins, cosmetic injectables,
sclerotherapy, laser hair removal, and skin rejuvenation. Among these, cosmetic
injectables are expected to dominate the market during the assessment period.
Cosmetic injectables can be sub-segmented into hyaluronic acid, poly-l-lactic
acid, calcium hydroxyapatite, botulinum toxin type A, and collagen. Skin
rejuvenation is further sub-segmented into noninvasive tightening, intense
pulsed light laser treatment, Fraxel, chemical peel, and dermabrasion.
Major
surgical cosmetic procedures comprise lipoplasty, cosmetic ear surgery,
cosmetic eyelid surgery, gynecomastia treatment, breast augmentation,
abdominoplasty, breast reduction, and breast lift. Among these, breast
augmentation and lipoplasty are the most popular surgeries. The number of
breast augmentation process has increased owing to the reintroduction of
silicone gel breast implant in 2006 by FDA. These procedures are costlier than
non-surgical procedures and thus have to depend on insurance coverage.
Regional analysis
US accounts for the
maximum market share of the global cosmetic surgery market and the market is
expected to increase continuously in coming years. This can be attributed to
increasing pool of awareness and the growing acceptability of cosmetic surgery.
Advancing technologies within the cosmetic surgery such as advanced silicone
and polymer implants is also driving the market. However there is a definite
shift of cosmetic surgery market to Asia pacific and Latin America with the
most active part played by tourism industry.
Browse Complete 80 Pages Premium Research Report Enabled with Respective Tables and Figures @ https://www.marketresearchfuture.com/reports/cosmetic-surgery-market-3157
Detailed
Table of Contents:
1
Introduction
1.1
Definition
1.2
Scope Of Study
1.2.1
Research Objective
1.2.2
Assumptions & Limitations
1.2.2.1
Assumptions
1.2.2.2
Limitations
1.3
Market Structure:
2
Research Methodology
2.1
Research Process
2.2
Primary Research
2.3
Secondary Research
3 Market Dynamics
3.1
Drivers
3.2
Restraints
3.3
Opportunities
3.4
Macroeconomic Indicators
9
Conclusion
9.1 Key
Findings
9.1.1
From Ceo’s Viewpoint
9.1.2
Unmet Needs Of The Market
9.2 Key
Companies To Watch
9.3
Prediction Of Medical Robots Industry
10 Appendix
...Continued
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