Cosmetic Surgery Products Market Highlights 2020 – 2030
The cosmetic surgery products market is estimated to garner a sizeable revenue by growing at a CAGR of ~7% over the forecast period, i.e., 2021 – 2030. The growth of the market can be attributed to factors such as rising beauty consciousness among people, increasing adoption of invasive and minimally invasive surgeries to remain youthful, and improvement in cosmetic treatment procedures. In addition to these, rapidly ageing population around the world and growing disposable income of the people are also projected to drive market growth in the near future. According to the World Health Organization (WHO), the number of people aged 60 years and above was 1 billion. This number is evaluated to increase up to 1,4 billion by the end of 2030. Furthermore, glossy advertisements by entertainment industry to attract more and more people to their services is expected to offer lucrative opportunities to the market in the upcoming years.
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The market is segmented by product type into implants, injectables, and equipment, out of which, the injectables segment is anticipated to witness the highest growth in the cosmetic surgery products market on account of wide usage of treatments such as BOTOX and dermal fillers for adding volume to the skin to erase lines and wrinkles near the chin, forehead and nose. Among all different types of non-surgical procedures undergone, botulin toxin (BOTOX) accounted for the largest share in 2018. The calculated value was approximately 7.5 million procedures. On the basis of procedure, the segment for non-surgical procedure is assessed to occupy the largest market share during the forecast period, which can be credited to the increasing demand for these procedures since the last few years owing to the benefits such as shorter recovery time, minimal or no pain, lower cost and reduced risk of side-effects.
Global Cosmetic Surgery Products Market Regional Synopsis
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:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the cosmetic surgery products market includes the following segments:
By Product Type
- Implants
- Breast Implants
- Lip Implants
- Chin Implants
- Cheek Implants
- Others
- Injectables
- Collagen
- Botulin Toxin
- Hyaluronic Acid
- Others
- Equipment
- Dermal Resurfacing Laser
- Liposuction Equipment
- Hair Removal Laser
- Light Based System
- Others
By Procedure
- Surgical Procedure
- Non-Surgical Procedure
Growth Drivers
- Increasing Beauty Consciousness of People Worldwide
- Rapid Improvement in Cosmetic Surgery Procedures
Challenges
- High Cost of Aesthetic Treatments
Top Featured Companies Dominating the Market
- Allergan PLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Sinclair Pharma Plc
- Cutera Inc
- Mentor Corporation
- Candela Corp
- Lumenis Ltd.
- Iridex Corp
- Johnson & Johnson Services, Inc.
- Syneron Medical Ltd.
- Cynosure Inc.
