Market Overview
The cosmetic surgery market size was valued at USD 45.5 billion in 2021 and is expected to reach USD 61.20 billion by 2030 at a 9.1% CAGR during the forecast period 2022–2030.
The industry for Cosmetic Pigments Market Share is expanding quickly. The industry is moving rapidly thanks to technological developments and the creation of advanced materials like silicone implants. Additionally, social networking services like Snapchat and Instagram, as well as cultural and societal influences from the media, fashion, and entertainment sectors, are propelling the global market. On the other hand, some of the main barriers to the expansion of the cosmetic surgery market are the non-essential nature of cosmetic surgery, the social taboo against hurting sections of the body, and the high expenses connected with these procedures. Economic factors including rising per capita income and declining costs for cosmetic surgery are anticipated to drive market growth in the upcoming years.
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The market for cosmetic surgery Nonsurgical procedures such as dermal fillers, laser hair removal, and chemical peels are anticipated to fuel market expansion due to rising acceptance and awareness, as well as technological advancements.
Market Segment
Market segments are created based on kinds and geographical areas. During the projected period, the market for cosmetic surgery is anticipated to rise moderately.
By Application
The cosmetic surgery market is divided into liposuction, body contouring, face reconstruction, cosmetic implants, and others depending on the application.
By End-User
The cosmetic surgery market is divided into categories for tummy tucks, breast lifts, and other procedures based on the types of propulsion.
Key Players
The top key players in the market are Johnson Johnson, Valeant Pharmaceuticals International, Cutera, Inc., Syneron Medical Ltd., Allergan, Inc., and Genesis Biosystems, Inc.
Regional Analysis
The global cosmetic surgery market is reportedly segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The largest market share of cosmetic surgery is held by North America. The market size in the area is anticipated to increase substantially over the coming years. The market’s expansion is mostly driven by the increased acceptance of cosmetic surgery and general information.
Additionally, the region’s cosmetic surgery industry is expanding as a result of significant advancements in allied fields of technology including improved silicone and polymer implants. In the world of cosmetic surgery, Europe holds the second-largest market share. A number of factors, including a strengthening economy and an increase of fans, are contributing to the growth of the local cosmetic surgery sector.
Asia Pacific is gradually becoming into a highly lucrative market for cosmetic surgery. The cosmetic surgery market is clearly shifting to APAC, with the travel and tourism sector taking the lead. Additionally, as it boosts consumer buying power, improved economic conditions are a major factor boosting the region’s cosmetic surgery market value. Vietnam, Thailand, Malaysia, China, and other Southeast Asian countries all make significant contributions to the expansion of the regional market.
Industry News
In June 2022, The US Food and Drug Administration (“FDA”) granted 510(k) permission to Apex Medical Corporation, the maker of Renuvion, a patented helium plasma and radio frequency technology, for the use of Renuvion Dermal. announced beforehand. An instrument used in specialized dermatological surgery to cure moderate to severe wrinkles and rhytides. patients with Fitzpatrick skin types I, II, or III alone.
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