Cosmetic Surgery Market Size and Share Is Expected To Reach USD 21.97 Billion With CAGR of 7.8% By 2023 | Trends, Insights, Leading Companies and Global Industry Analysis

Cosmetic Surgery Market Size and Share Is Expected To Reach USD 21.97 Billion With CAGR of 7.8% By 2023 | Trends, Insights, Leading Companies and Global Industry Analysis

“Cosmetic Surgery Market”
Global Cosmetic Surgery Market Overview By Surgery Type, Facial Reconstruction, Cosmetic Implants, Top Companies, Regional Insights and Trends

Cosmetic Surgery Market size and share is expected to reach USD 21.97 billion with CAGR of 7.8% By 2023. The cosmetic surgery market is predicted to expand at a breakneck speed on a global scale mainly owing to the rising influence of the media on the global population. cosmetic surgery market is expected to witness significant growth due to enhancing minimally invasive surgeries and rising medical tourism over the forecast period. The influence from the film and fashion industry, changing dimensions of beauty, and rising peer pressure for beauty and appearance are estimated to contribute to the market growth. The formation of the tourism clusters like Bangkok and Miami and the growing tourism industry has created exposure to cosmetic surgeries besides creating a huge demand among the people worldwide. The publicity and recent trends are forcing the individuals to adopt such aesthetical tweaks which can uplift the person’s appearance. Medical tourism offers cosmetic surgeries at cost-effective packages which is offering the market a further thrust. The rising demand for photography with the growing market for social media has influenced cosmetic surgeries to a great extent.

The increased demand for minimally invasive and non-invasive cosmetic surgeries is considered one top factor influencing the cosmetic surgery market growth. Minimally invasive cosmetic processes include various tiny little openings in place of larger incisions which are highly adopted by the surgeons for breast augmentation and body contouring. Laser technique is considered an advanced MI technology which is extensively used to perform facial cosmetic surgery. As these procedures exhibit long-term success rates, causes less pain, and reduces the duration of hospital stay, these types of surgeries are in high demand.

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Laser technique is considered an advanced MI technology widely used to perform facial cosmetic procedures. These procedures cause less pain, exhibit long-term success rates, and minimize the duration of hospital stay. These benefits further influence the people to opt for cosmetic surgeries which include soft tissue fillers and microdermabrasion.

On the contrary, the high treatment costs, slower adoption of cosmetic surgeries in the satellite cities especially in the emerging nations, side effects caused due to such surgeries, and less availability of reimbursement policies in the developed economies are some of the top barriers likely to vitiate the market growth during the appraisal period.

Cosmetic Surgery Market Competitive Analysis:

The prominent players operating in the Global Cosmetic Surgery Market comprises Valeant Pharmaceuticals International, Johnson & Johnson, Syneron Medical Ltd., Cutera Inc., Genesis Biosystems Inc., and Allergan Inc.

Global Cosmetic Surgery Market: Segmental Analysis:

The Global Cosmetic Surgery Market has been segmented based on

• surgical procedures
• non-surgical procedures

By mode of surgical procedures, the global cosmetic surgery market has been segmented into

•cosmetic ear surgery
•cosmetic eyelid surgery
•gynecomastia treatment
•breast augmentation
•breast lift
•breast reduction

Among these, the breast augmentation and lipoplasty are the most prominent surgeries.

By mode of non-surgical procedures, the global cosmetic surgery market has been segmented into laser hair removal, laser therapy of leg veins, sclerotherapy, cosmetic injectables, and skin rejuvenation. Among these, the cosmetic injectables segment is likely to gain prominence during the appraisal period owing to the wide acceptance and application.

Cosmetic Surgery Market Regional Insights:

Geographically, the cosmetic surgery market span across regions namely, Europe, North America, Asia-Pacific, and the Middle East & Africa.

Considering the global scenario, the North American region is likely to command the maximum cosmetic surgery share globally and is estimated to retain its pole position. The growth can be ascribed to the presence of the U.S. in this region which has the presence of its solid healthcare system and infrastructure. The advanced technologies have further added to its growth parameters. Advancing technologies implemented in the procedure is also impacting the growth of the market. Moreover, the surging awareness coupled with the rising acceptability of the plastic surgery is estimated to contribute to its market growth.

The Asia Pacific region is likely to emerge as the fastest expanding region in the global cosmetic surgery market due to the presence of economies like China, Japan, and India. With breast implementation and eyelid surgeries gaining prominence in Japan, the market is flourishing rapidly. Moreover, medial tourism in the developing countries is offering better economic growth.

Industry Updates

April 03, 2019: Doctors have figured out a latest medical procedure which can help to replace painful invasive surgeries. The 3D printed molds and electric current can soften and reshape the cartilage without having to make a single incision. The development can effectively shorten the recovery time for medical procedures and also make it entirely less painful.

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