Portland, OR, June 20, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global cosmetic surgery market generated $67.3 billion in 2021 and is expected to reach $201.0 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. The report offers a detailed analysis of the changing trends in the market, major segments, major investment pockets, value chain and regional landscape. , and competitive scenario.
Rising prevalence of cosmetic surgeries, rise in demand for cosmetic procedures, and booming technological advancements in the healthcare industry are driving the growth of the global cosmetic surgery market. However, side effects related to cosmetic surgeries and high cost of cosmetic surgeries are restraining the growth of the market. On the other hand, increased awareness of skin treatment and increased demand for cosmetic surgical procedures are creating new opportunities in the coming years.
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Impact of Covid-19 on the Cosmetic Surgery Market:
- During the Covid-19 pandemic, non-elective procedures have been postponed or canceled due to the focus on dealing with the increased number of patients infected with Covid-19 in hospitals. In addition, hospital staff and many resources have been transferred to Covid services.
- According to statistics published by the European Journal of Plastic Surgery, the total number of surgeries decreased by 23.5% in June 2021, following the COVID-19 epidemic. This, in turn, has impacted the growth of the cosmetic surgery market.
Cosmetic Surgery Market COVID-19 Impact Analysis- https://www.alliedmarketresearch.com/request-for-customization/16865?reqfor=covid
The report offers detailed segmentation of the global cosmetic surgery market based on procedure, gender, age group, vendor, and region.
Based on gender, the female segment accounted for the highest share in 2021, contributing over 90% of the total market share, and is expected to maintain its leading position during the forecast period. Moreover, this segment is expected to show the highest CAGR of 11.7% from 2022 to 2031. The report also analyzes the male segment.
Based on age group, the 30-54 segment held the largest share in 2021, accounting for more than three-fifths of the global cosmetic surgery market, and is expected to maintain its leading status during the period of forecast. Moreover, this segment is expected to register the highest CAGR of 12.0% during the forecast period.
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Based on region, North America contributed the highest share in 2021, holding nearly two-fifths of the total market share, and is expected to maintain its dominant share by 2031. However, the Asia-Pacific is expected to show the fastest CAGR of 12.7% during the forecast period.
Major players of the global cosmetic surgery market analyzed in the research include AbbVie Inc., Candela Syneron, Bausch Health Companies Inc., Galderma SA, Cynosure Technologies, Merz Pharma GmbH & Co. KGaA, Johnson and Johnson, Sinclair Pharma, Sientra Inc., and Teoxane Laboratories.
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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