Cosmetic Surgery Market Size, Share and Growth Analysis; by Surgery Type (Liposuction, Eyelid and Nose Surgery, Body Contouring (Tummy Tuck, Breast Lift, Others), Facial Reconstruction, Cosmetic Implants (Breast Augmentation, buttock Implants, Chin & Cheek Implants) and others) - Forecast to 2027
Overview:
Cosmetic surgery is a procedure to enhance the appearance of an individual, and it requires surgery and other equipment to ensure nothing goes wrong. The process is gaining better traction owing to the continuous need for such upliftment in the look, which is getting better traction from various entertainment industries. The global market for cosmetic surgery can acquire a growth by 7.8% CAGR during the review period of 2017 to 2023. Market Research Future (MRFR) makes claims regarding the market valuation and provides data that shows surpassing USD 21.97 million valuation.
Several factors, like the impact of the entertainment industry, high expenditure capacity, growing acceptance & awareness, and other features are expected to make a significant impact on the global market.
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Segmentation:
MRFR has better market coverage for the global cosmetic surgery market, and a detailed study of the entire market can lead to a better understanding. The process requires segmentation on the basis of the surgical procedures and non-surgical procedures.
By surgical procedures, the cosmetic surgery market includes cosmetic ear surgery, breast reduction, lipoplasty, cosmetic eyelid surgery, gynecomastia treatment, breast augmentation, abdominoplasty, and breast lift. The Breast augmentation and lipoplasty segments are known for their substantial market popularity owing to which these two segments are posting regular surgeries.
By non-surgical procedures, the cosmetic surgery market can be segmented into sclerotherapy, laser therapy of leg veins, cosmetic injectables, laser hair removal, and skin rejuvenation. The global market is getting ruled by Cosmetic injectables and it is deemed to retain its position in the coming years as well. The sub-segmentation of this reveals botulinum toxin type A, calcium hydroxyapatite, poly-l-lactic acid, hyaluronic acid, and collagen. Skin rejuvenation segment is founded on Fraxel, intense pulsed light laser treatment, noninvasive tightening, chemical peel, and dermabrasion.
Regional Market:
The global cosmetic surgery market can be studied on a better praxis that includes regions like North America, Europe, and Asia-Pacific (APAC) for their extraordinary market contribution and promise of showing better traction in the coming years as well. It also studies the Middle East & Africa (MEA), where the growth would be substantially limited.
North America is making a substantial impact on the global market. The regional market has the maximum market coverage, and the presence of the US and Canada can inspire regional market growth. The market is expected to thrive on the infrastructural superiority and better integration of technologies, along with increased spending capacity. Simultaneously, people are also becoming increasingly aware of the benefits of this market. The process is also becoming acceptable in the coming years. This market has a better chance of growth in the coming years.
The APAC region would rely much on China, Japan, and India to take the market ahead. The regional growth is expected to surpass others in terms of CAGR during the forecast period. In Japan, eyelid and breast implant surgeries are making their presence felt owing to which medical tourism can also boom and take the market ahead.
Competitive Landscape:
The global market is taking shape in sync with the various initiatives taken by several companies. These companies are using tactical moves like branding, awareness campaigns, marketing strategy, merger, acquisition, and others to cement their own market position and promote growth for the market. These companies are Cutera, Inc., Valeant Pharmaceuticals International, Syneron Medical Ltd., Johnson & Johnson, Allergan, Inc., Genesis Biosystems, Inc., and others. MRFR included them in the report with detailed profiles to understand how the global market moving forward.
Recent advancements in the global cosmetic surgery market promise better integrations of artificial intelligence. Several companies are launching their own apps and other methods to predict a post-operative state using algorithms and templates. This can influence the market like people with a clearer picture can substantially transform the market. For instance, Face++ Micro-plastic Surgery SDK uses various facial features and parameters to provide a predictive picture of the person to ensure better market traction.
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