According
to a new market research report published by Inkwood Research, the Global
Cosmetic Surgery and Procedure Market is estimated to record a CAGR of 5.62% during
the forecasting years of 2020-2028.
‘’Browse
50 Market Data Tables and 50 Figures spread over 232 Pages, along with an
in-depth TOC on the Global Cosmetic Surgery and Procedure Market Forecast
2020-2028.’’
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Cosmetic
surgery and procedures include surgical and non-surgical procedures for the
reshaping or enhancement of various body parts or structures to improve
appearance and self-confidence. The cosmetic surgery includes breast
augmentation, facial & skin rejuvenation, and body & facial contouring.
Other vital surgical procedures include liposuction, eyelid surgery, breast
enhancement, tummy tuck, and breast lift. The critical non-surgical procedures
include laser hair removal, botulinum toxin, photo rejuvenation, dermal
fillers, and microdermabrasion.
Breast
augmentation emerged as the leading surgical procedure, whereas botulinum toxin
was found to be the largest non-surgical cosmetic procedure. A new trend is
related to the use of augmented reality (AR) in plastic surgery. Additionally,
cosmetic surgery is no longer considered a taboo, and the society is gradually
accepting cosmetic procedures for aesthetic correction in developing countries
like India, and the trend is likely to continue in the coming years.
Aging Population - Prime Driver of
the Global Cosmetic Surgery and Procedures Market
Some cultures embrace aging gracefully,
but aging has become undesirable with modern culture in many countries across
the world. Modern lifestyle, together with technological advancements, has made
visual age defiance possible. The anti-aging trend is a representation of the
promotion of youth and beauty by image-oriented media. Hence, there is a high
demand for cosmetic surgery among television and film personalities and
lifestyle magazine models. The surging aging population globally has led to an
increased demand for anti-aging cosmetic and aesthetic treatments.
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Breast Lift
– The Fastest Growing Category in the Surgical Segment
The breast lift procedure helps lift
sagging or lose breasts and is also called Mastopexy. Breasts become saggy or
droopy due to various factors such as age, breastfeeding, weight loss, etc.
Increasing obesity, technological innovations, and commercialization of
multiple implants have been driving the breast lift market. However, the breast
lift procedure does not significantly change the size of the breasts. It helps
in making the breasts rounder, better, and fuller. Thus, breast augmentation or
reduction procedures are preferred to alter the size of the breasts. However,
strict regulations and minimal or no insurance coverage may limit the growth of
the market.
Asia Pacific Evaluated to Record the
Highest CAGR
The
rapid growth in the cosmetic surgery and procedure market in the Asia Pacific
region is due to the presence of a large aging population, an increase in
purchasing power of the middle class, and a rise in awareness and interest in
these procedures. The market is highly diverse, owing to varying regulatory
factors, due to which there are differences in the availability of products in
different countries. Further, cultural differences impact the acceptance of
certain procedures by patients, influencing the demand for the same. Exposure
to western culture, internet, and media has augmented specified beauty
standards boosting the market growth in the region.
The
cosmetic surgery and procedure market encompasses various major companies
operating in the region such as Allergan PLC, Johnson & Johnson, Merz
Pharma, Ipsen S.A., Bausch Health Companies Inc, etc. The competition is high
in the market as the competitors try to increase their market share through
competitive pricing and the introduction of new technology-based products.
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Inkwood Research
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research are customized across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical
analysis comprises of North & South America, CEE, CIS, Middle East, Europe,
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