Projected cosmetic surgery market growth, latest trends, key players, regional insights and sales statistics by 2027

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Cosmetic Surgery Market

Cosmetic Surgery Market Size, Share and Growth Analysis by Surgery Type, Facial Reconstruction, and Cosmetic Implants, Forecast to 2027

NEW YORK, NEW YORK, United States, January 10, 2022 /EINPresswire.com/ – Market overview

Cosmetic surgery thrives due to a variety of societal and cultural factors. According to the latest research reports, the cosmetic surgery market size is expected to reach $ 21.97 billion registering a CAGR of 7.8% during the forecast period 2017 – 2023. Cosmetic surgery is a medical specialty that focuses on improving the appearance through surgical and medical techniques. It is a procedure that can be performed on any part of the body. The visual appeal it gives helps the market to attract the interest of various industries.

Market dynamics

Cosmetic surgery is developing at a breakneck pace. The sector is advancing thanks to technological improvements and the introduction of advanced materials such as silicone implants. Cosmetic surgery is expected to experience dramatic growth over the next several years as safety margins improve, obesity levels rise, accidents occur and the number of cosmetic surgery hospitals increases. The growth of the tourism industry, along with the formation of tourism clusters in cities like Miami and Bangkok, have not only increased awareness of cosmetic treatments, but also created a great demand for them.

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Additionally, social and cultural factors such as media, fashion and entertainment industries as well as social media applications such as Snapchat and Instagram are all contributing to the global growth of the market. On the other hand, the growth of the cosmetic surgery market is held back by the non-essential nature of the intervention, societal taboos on the violation of physical parts, as well as the high cost associated with these operations. Nonetheless, economic factors such as increasing per capita income and decreasing costs of cosmetic surgery are expected to support the market growth in the coming years.

On the other hand, as the COVID-19 epidemic has spread, the safety of ablative resurfacing lasers, microneedling, and dermatologic surgery techniques have been called into question. Additionally, a faltering economy and declining discretionary spending discourage clients from pursuing expensive cosmetic procedures, presenting a practical constraint.

Segment analysis

The global cosmetic surgery market is segmented by the MRFR into surgical and non-surgical treatments.

Lipoplasty, Cosmetic Ear Surgery, Gynecomastia Therapy, Cosmetic Eyelid Surgery, Tummy Tuck, Breast Augmentation, Breast Reduction and Breast Lift are the surgeries that make up the cosmetic surgery market .

Regional overview

The global cosmetic surgery market, according to research, is segmented geographically into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America takes the lion’s share of the market. The region’s market size is expected to continue to grow steadily over the next few years. The growing acceptance of cosmetic surgery and the widespread awareness are important factors driving the growth of the market. Additionally, substantial advancements in related technology, including improved silicone and polymer implants, are advancing the region’s cosmetic surgery industry. Cosmetic surgery is the second largest market in Europe. Several important factors contributing to the expansion of the regional cosmetic surgery market include better economy and increased fan base. In addition, the increasing knowledge and developments in medical technology are positively impacting the growth of the cosmetic surgery industry in the region.

The cosmetic surgery industry in Asia-Pacific is experiencing rapid growth in profitability. Cosmetic surgery is clearly moving towards APAC, with the tourism industry playing the most active role. In addition, improving economic conditions contributes significantly to the value of the region’s cosmetic surgery industry, as it increases the purchasing power of consumers. India and China, along with other Southeast Asian countries such as Vietnam, Thailand, and Malaysia, all contribute significantly to the growth of the regional market.

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Competitive dynamics

Notable players featured in the Cosmetic Surgery Market report are Valeant Pharmaceuticals International, Cutera, Inc., Johnson & Johnson, Syneron Medical Ltd., Genesis Biosystems, Inc. Allergan, Inc., and others.

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