Our in-depth analysis of the cosmetic surgery products market includes the following segments:
By Product Type
By Procedure
On the basis of geographical analysis, the cosmetic surgery products market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America region is estimated to the largest share over the forecast period on the back of growing adoption of sophisticated surgical techniques and a high number of successful cosmetics surgeries in the region. In 2018, maximum number of cosmetic surgeries were performed in the United States. The total number was evaluated to be more than 4.3 million. Additionally, greater awareness regarding advanced medical procedures is also assessed to boost the demand for cosmetic surgery products in the region. Moreover, Asia Pacific is anticipated to witness noteworthy market growth during the forecast period, which can be ascribed to the easier availability of cosmetic services at affordable rates, growing purchasing power of middle-class population and increasing disposable income of the people in the region.
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The cosmetic surgery products market is further classified on the basis of region as follows:
July, 2019: Cynosure expanded its portfolio by launching two innovative aesthetic treatments, TempSure and SculpSure.
March, 2019: Sinclair Pharma launched a minimally invasive treatment named SILHOUTTE SOFT which is designed to give a refreshed appearance through slight elevation and repositioning of the skin’s sagging tissue.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Increasing beauty consciousness of people worldwide and rapid improvement in cosmetic surgery procedures are the major growth drivers for market.
Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2021 – 2030.
Ans: Asia Pacific will provide more business opportunities to the market owing to easier availability of services at affordable rates and growing purchasing power of middle-class population in the region.
Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2021 – 2030.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product type, procedure, and by region.
Ans: The non-surgical segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
Ans: High cost of aesthetic treatments is estimated to hamper the market growth.
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