New York – December 06, 2017 – Axiom Market Research & Consulting published a latest report on Global Cosmetic Surgery & Procedures Market, By Type (Surgical and Non-Surgical) and Geography Forecasts Upto 2024. The global market of cosmetic (surgical and non-surgical) procedures was valued at USD 35.1 Billion in 2017 and is anticipated to reach USD 56.8 Billion by 2024, at a CAGR of 7.2% during the forecast period 2019 to 2024.
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The growth of the market is fueled by factors such as, increase in ageing population resulting in an increased demand for antiaging cosmetic and aesthetic treatments, growing aesthetic treatment awareness, growing medical tourism in emerging economies etc.
The global cosmetic surgery and procedures market report is segmented into cosmetic surgical and non-surgical procedures. The surgical cosmetic procedures covered in the report are breast augmentation, liposuction, tummy-tuck, eyelid surgery and breast lift. Growing demand for liposuction and breast augmentation is one among the major factors leading to growth of cosmetic surgeries market. Growing desire to enhance appearance is the major factor attracting high population towards cosmetic surgery and procedures, leading to the growth of this market worldwide.
Cosmetic nonsurgical procedures included are, Botulinum toxin, dermal fillers, laser hair removal, chemical peels, photo-rejuvenation and microdermabrasion. Non-surgical procedures are gaining high demand due to non-surgical cosmetic treatments being more accessible and affordable. One of the main driving factors for non-surgical skin tightening procedures is they are fast to perform and have very little downtime. For instance, according to the American Society of Plastic Surgeons (ASPS), there were 14.2 Million cosmetic minimally invasive procedures performed in 2015, a 2.0 % increase from the year before.
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The global cosmetic surgery and procedures market is studied for various countries of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among the regions stated above, North America is at the forefront of the cosmetic surgery and procedures market. North America was identified as the most promising region for cosmetic surgery and procedures in the world.
The global cosmetic surgery and procedures market is dominated by various key players, which occupy more than 70% of the total market. The key players of global cosmetic surgery and procedures market are Allergan plc, Ipsen, Merz Pharma, Cynosure Inc., Syneron Medical, Cutera, Lumenis among others. Other prominent players are Nestle, Sientra Inc., Alma Lasers, Johnson & Johnson, Sinclair Pharma, Invasix Aesthetic Solutions among others.
Majority of the companies are engaged in mergers & acquisitions and new and innovative product launches. Key players are focused on acquiring small regional players and thus expanding their product portfolio and regional foothold.
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