Cosmetic Surgery and Services Market 2019 Global Industry Growth, Historical Analysis, Size, Trends, Emerging Factors, Demands, Key Players, Emerging Technologies and Potential of Industry Till 2024Posted:
Global Cosmetic Surgery and Services Market report is a professional and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
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The cosmetic surgery and services market is expected to register a CAGR of 5.9% over the forecast period, 2019-2024. The key factors propelling the growth of this market are technological advancements in devices, growing demand for minimally invasive and non-invasive procedures, improved cosmetic treatment procedures, and growing awareness regarding cosmetic surgery.
The demand for cosmetic surgeries and minimally invasive procedures, such as botulinum toxin and facial filler injections, has increased dramatically over the past decade. It has been observed since the past few years that US citizens are spending more money on cosmetic surgeries. As per the data from the American Society of Plastic Surgeons, around 2.6 million procedures had been performed in the United States using soft tissue fillers in 2016, which was 2% higher than in 2015. The increase was attributed to the safe and effective minimally invasive procedure and lesser side-effects.
The growing popularity of aesthetic treatment for facial enhancement is the key driver of this market. An overwhelming majority of patients felt that skin care was critical to improving the appearance of aging on the face. Owing to these aforementioned factors, along with technological advancements in devices and growing awareness regarding cosmetic surgery, cosmetic surgery, and services market is expected to grow rapidly over the forecast period.
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Scope of the Report
Cosmetic plastic surgery includes surgical and nonsurgical procedures that enhance and reshape structures of the body to improve appearance and confidence. Since it is elective, cosmetic surgery is usually not covered by health insurance.
Key Market Trends
Botulinum Toxin Segment, by Non-surgical, is Expected to Witness the Fastest Growth in Market
Botulinum toxin is a highly poisonous, naturally occurring substance, but has wide applications. The most common use of this toxin is in the treatment of painful muscle spasm and cosmetic treatment. Botox and Dysport are the commercial names of the botulinum toxin. In 1950, the researchers found that the minute use of this toxin helps in controlling the muscle movement. Gradually, they understood that this substance is also beneficial in cosmetic treatments.
According to the American Family Physician Journal, botulinum toxin injection for the treatment of facial wrinkles is the most frequently performed cosmetic procedure in the United States, and it is one of the most common entry procedures for clinicians seeking to incorporate aesthetic treatments into their practice. The US FDA has approved the use of botulinum toxin in the treatment of frown lines and crow's feet.
With the rising applications of the substance, the segment is expected to experience fast growth across various regions of the world.
North America is Expected to Dominate the Cosmetic Surgery and Services Market Over the Forecast Period
North America dominates the cosmetic surgery and services market, owing to the rising number of people focusing on the external aesthetics and the improvements that are being done in cosmetic procedures. Currently, people in the United States are spending more money on cosmetics and are eager to adopt novel cosmetic treatments. Therefore, it is expected that the market will be dominated by this region.
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The cosmetic surgery and services market is consolidated. Certain key players having the major market share include Allergan PLC, Bausch Health Companies Inc., Merz Pharma GmbH and Co. KGaA, Galderma SA, and Mentor Worldwide LLC.
With the help of product innovation, few small-sized companies are also penetrating the market and are holding a substantial share.
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Key Features of Cosmetic Surgery and Services Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the Cosmetic Surgery and Services market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the Cosmetic Surgery and Services market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the Cosmetic Surgery and Services market.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Some of Toc Points in Cosmetic Surgery and Services Market Report are:-
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Technological Advancements in Devices
4.2.2 Growing Demand for Minimally Invasive and Non-invasive Procedures
4.2.3 Improved Cosmetic Treatment Procedures
4.2.4 Growing Awareness Regarding Cosmetic Surgery
4.3 Market Restraints
4.3.1 Stringent Regulatory Policies
4.3.2 Side Effects Associated with Cosmetic Treatments
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Treatment Type
5.1.1 By Surgical
126.96.36.199 Breast Augmentation
188.8.131.52 Tummy Tuck
184.108.40.206 Eyelid Surgery
220.127.116.11 Breast Lift
5.1.2 By Non-surgical
18.104.22.168 Botulinum toxin
22.214.171.124 Dermal Fillers
126.96.36.199 Laser Hair Removal
5.2.1 North America
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.2.4 Middle East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East and Africa
5.2.5 South America
126.96.36.199 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allergen PLC
6.1.2 Mentor Worldwide LLC
6.1.3 Galderma SA
6.1.4 Bausch Health Companies Inc.
6.1.5 Merz Pharma GmbH and Co. KGaA
6.1.7 Zetiq Technologies Ltd
6.1.8 Cynosure Technologies
6.1.9 Alma/Fosun Pharma
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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