Cosmetic Surgery and Procedure Market surpassed USD 63 billion in 2021, owing to the increasing importance to beautify one’s appearance | insightSLICE
The global Cosmetic Surgery and Procedure market size was estimated to be US$ 63 billion in 2021 and is expected grow at a CAGR of 7% between 2023 to 2032.
Over the projection period, it is projected that increased medical tourism, an aging population, and an increase in breast cancer incidence would be the main drivers of the global market for cosmetic surgery and procedures. The market for breast augmentation and breast lift treatments has increased because of the rise in breast cancer cases among women, which is mostly driven by rising disposable income and improved awareness in emerging nations. In 2018, more than 25% of all surgeries performed worldwide were breast augmentation and breast lifts.
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With 2021 serving as the base year and years from 2022 to 2032 serving as the forecast period, the study titled Cosmetic Surgery and Procedure Market will give Global Market Share Analysis, Trends, and Forecasts.
The report also takes the competitive environment into account, and as a result, it will provide company overviews and market forecasts for the top companies in the global cosmetic surgery and procedure market.
Additionally, the report would include information on significant advancements, global and regional sales networks, corporate strategy, safety, and exchange summary, R&D activities, manufacturing facilities, product offerings, employee strength, and key executives for all the players taken into account for the study.
The key players of the Global Cosmetic Surgery and Procedure Market are:
To maintain the competition in the globalized economy, major companies in the cosmetic surgery and procedure market are firmly concentrating on developing cutting-edge techniques to offer and conduct cosmetic surgery products and services with extreme accuracy.
Bausch Health Companies Inc., Cutera, Galderma Laboratories LP, Cynosure, Allergan, Alma Lasers, Hologic, Inc., Ipsen Pharma, Merz Pharma GmbH & Co. KGaA, and Johnson & Johnson Services, Inc. are significant companies that dominate the global industry for cosmetic surgery and procedures.
For instance, Merz Pharma GmbH & Co. KGaA recorded revenues of US$ 1,218.6 Million in 2019, with EMEA and the Americas accounting for 71.4% of the total revenue, according to the company’s segment and geographic analysis.
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Key factors analysis:
With a spotlight on major business categories, this report offers an in-depth analysis of key market participants with a significant market share. It would also identify the business segments that focus on cosmetic surgery and treatments.
Additionally, the company’s market share in the global market for cosmetic surgery and procedures would be determined.
As an illustration, Hologic, Inc. operates through five business divisions: Skeletal Health, Medical Aesthetics, GYN Surgical, and Diagnostics. With a total revenue of US$252.9 Million in 2019, the majority of the cosmetic surgery and treatment services provided by the company are sold through the Medical Aesthetics department.
The report considers significant competitive data, including corporate strategy, brand portfolio, SWOT analysis, and R&D priorities of all the Cosmetic Surgery and Procedure companies.
The analysis of the worldwide market for cosmetic surgery and procedures will also analyze the contributions made by each member along the market’s supply and profit chains. The industry’s Cosmetic Surgery and Procedure business sector will be the main emphasis of the product range segment of the report.
Similarly, the recent developments section would concentrate on the most recent corporate advancements in the global cosmetic surgery and procedure market, including alliances, mergers and acquisitions, newly released products, and geographic expansion plans during the forecast period.
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Global Cosmetic Surgery and Procedure Market Key Segments:
By Procedure Type
- Invasive Procedures
- Breast augmentation
- Nose reshaping
- Eyelid Surgery
- Tummy tuck
- Non-invasive Procedures
- Botox injections
- Soft tissue fillers
- Chemical peel
- Laser hair removal
By Age Group
- 55 and above
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Regional performance of Cosmetic Surgery and Procedure Market
Worldwide changes in lifestyle are causing a rapid rise in the population of fat people. This has increased demand for liposuction and stomach tucks, or abdominoplasty, and is predicted to have a significant positive impact on the global market for cosmetic surgery in the upcoming years.
During the projection timeframe, a CAGR of 6.5% is expected to be achieved in the growth of the global market for cosmetic surgery and procedures.
Due to an increase in breast augmentation and liposuction procedures in the United States, North America performed the most cosmetic surgeries in the last three years and is expected to continue to have the greatest share in terms of revenue to the worldwide cosmetic surgery and procedure industry.
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