The cosmetic surgery market is projected to grow at a CAGR of

Visiongain has released a new report titled Aesthetic Surgery 2022-2032. Includes Cosmetic Surgery Profiles and Forecasts Market Segment by Type (Invasive Procedures, Non-invasive Procedures), Market Segment for Invasive Procedures (Breast Augmentation, Liposuction, Abdominoplasty Surgery, Eyelid Surgery, Nose Reshaping Surgery), Segment by market for non-invasive procedures (soft tissue fillers, botox injections, laser hair removal, chemical peels, microdermabrasion), market segment by gender (female, male), market segment by end users (hospitals and outpatient surgery, cosmetic surgery centers) plus COVID-19 impact analysis and recovery pattern analysis (“V-shaped”, “W”-shaped, “U”-shaped, “L”-shaped ), profiles of leading companies, region and country.

The Cosmetic Surgery Market was valued at USD 44.31 Billion in 2021 and is expected to grow at a CAGR of 9.44% during the forecast period 2022-2032.

Rising strategic initiatives driving market growth

Marketing, promotions, inventions and mergers, acquisitions and partnerships are all important management techniques in the cosmetic surgery industry. This is due to the huge untapped cosmetic surgery market, caused by the lack of knowledge about the benefits and characteristics of cosmetic surgery. New and safe products, public awareness and advanced technology are important factors in the adoption of cosmetic surgery procedures. For example, in March 2022, AbbVie’s Allergan Aesthetics expanded its product’s geographic footprint by launching the HArmonyCa product in Europe and select EMEA countries. Also, in March 2021, Solta, a subsidiary of Hikma Bausch Health, launched the Clear + Brilliant Touch Laser in the United States

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How has COVID-19 significantly impacted the Cosmetic Surgery Market?

Also, due to COVID-19, cosmetic surgery will face pushback. Consumers prefer non-invasive surgeries which, combined with increased safety measures, have made cosmetic treatments less attractive until reliable, mass-produced COVID-19 testing is available. Even before the outbreak, a paradigm shift toward minimally invasive operations employing fillers, injectables, and threads was gaining traction. Cosmetic procedures, according to cosmetic industry experts, are elective and will continue only after the disease has been controlled and the hospital resource supply chain has been restored to basic levels.

How will this report benefit you?

Visiongain’s 234-page report provides 102 tables and 128 tables/graphs. Our new study is suitable for anyone who needs in-depth business analysis for the cosmetic surgery market, together with detailed analysis of the market segments. Our new study will help you evaluate the global global and regional market for Cosmetic Surgery. Get a financial analysis of the overall market and different segments including type, invasive procedure type, non-invasive procedure type, gender, end user and capture higher market shares. We believe there are strong opportunities in this rapidly growing cosmetic surgery market. Find out how to use the existing and future opportunities in this market to gain revenue advantages in the near future. Additionally, the report will help you improve your strategic decision-making, enabling you to frame growth strategies, strengthen your analysis of other market players, and maximize company productivity.

What are the current market drivers?

Awareness of minimally invasive cosmetic surgery is driving adoption

Modern minimally invasive cosmetic procedures have presented potential scenarios to alter appearance with confidence and in a shorter amount of time over the past two decades. Non-surgical cosmetics are growing in popularity due to the benefits of effective results, simple procedures, and technological improvements. Without considerable complexity of surgical technique, minimally invasive surgery for self-administration of cosmetic items can be easily accessed. Also, various products are preferred, such as botulinum toxin type A procedure, lasers, chemical peels, skin fillers, and so on, as scalpel use is often avoided. Minimally invasive cosmetic surgery has seen an increase of more than 160% in the last two decades. Non-invasive cosmetic solutions provide faster onset of effect, better patient compliance and less chance of cosmetic surgical consequences.

Increased disposable income that fosters the growth of the cosmetic surgery industry

The cosmetic surgery market is expanding as disposable income increases in low- and middle-income countries. Recreational activities such as travel and entertainment programs have been disrupted due to covid-19, resulting in an increase in discretionary cash. Additionally, physical movement has been prohibited during covid-19, forcing many experts to work online from a distant location. Consumers, especially women, become embarrassed during video chats due to their appearance, lowering self-confidence and resulting in a 55% increase in facial operations in the United States by 2021. Also, in 2021, approximately 94.0% of cosmetic procedures performed in the United States were performed on women. Additionally, these procedures are cost-effective, time-saving, and easily managed using COVID-19 compliances.

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Where are the market opportunities?

Increased demand for new cosmetic products to reduce procedural costs

Awareness of necessary and unconditional cosmetic surgery has significantly increased worldwide. However, the availability of affordable cosmetic surgeries is a key ongoing concern in the cosmetic industry. Cosmetic product manufacturers must address the supply side by designing viable business models to deliver advanced cosmetic surgery products to consumers at reasonable costs. The production processes of cosmetic products/devices require strict compliance with consumer safety regulations. Thus, the growing demand for new cosmetic products has led to the expansion of the business operations of the cosmetic surgery manufacturers, thus stimulating the growth of the market in the near future.

Competitive landscape

The major players in the cosmetic surgery market are AbbVie Inc., Bausch Health Companies Inc., Candela Medical Inc., Cutera, Cynosure, GALDERMA, HansBioMed, Huadong Medicine Co., Ltd., Johnson & Johnson Services, Inc., Lumenis Be Ltd., Medytox, Merz Pharma, Sientra, Inc. and Suneva Medical among others. These major players operating in this market have adopted various strategies such as mergers and acquisitions, collaborations, R&D investments, regional business expansion, partnerships and new product launches.

Recent developments

  • In March 2022, Lumenis Ltd. launched a new triLift device, a facial stimulation device that treats the three layers of tissue (muscle, dermis and epidermis) by targeting the three signs of aging: structure, contour and texture. Such product development should drive the adoption of cosmetic surgery.
  • In March 2022, Sientra Inc. received approval from Health Canada to begin marketing smooth round HSC and HSC+ silicone gel breast implants in Canada. Following this approval, the company intends to begin commercialization in Canada with distribution partner, Kai Aesthetics, Inc.

To access the data contained in this document send an e-mail oliver.davison@visiongain.com

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Visiongain is one of the fastest growing and most innovative independent market intelligence providers out there, the company publishes hundredsmarket research reports which he adds to his vast portfolio every year. These reports offer in-depth analysis of 18 industries around the world. The reports, covering 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a wide range of vertical markets with many synergies. These markets include the automotive, aeronautics, chemical, cyber, defense, energy, food and beverage, materials, packaging, pharmaceutical and utilities sectors. Our custom and syndicated market research reports offer tailored market intelligence tailored to your business needs.

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