What Is The Cosmetic Surgery Market Overview In 2022?
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The cosmetic surgery market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!
Read More On The Cosmetic Surgery Market Report 2022 – https://www.thebusinessresearchcompany.com/report/cosmetic-surgery-global-market-report
The Cosmetic Surgery Market Size In 2022 And Forecast
The global cosmetic surgery market is expected to grow from $39.01 billion in 2021 to $40.67 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The cosmetic surgery market is expected to grow to $48.84 billion in 2026 at a CAGR of 4.7%.
The cosmetic surgery market consists of sales of cosmetic surgery procedures services by entities (organizations, sole traders, partnerships) that are focused on improving the physical or cosmetic appearance of a particular body part.
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The Rise In Number Of Cosmetic Surgery Hospitals Is Driving The Growth Of The Cosmetic Surgery Market
For example, in 2020, according to The American Society of Plastic Surgeons, a plastic surgery specialty organization, $16.7 billion was spent on cosmetic procedures in the U.S., 15.6 million cosmetic procedures were completed, out of which 2.3 million were cosmetic surgical procedures and 13.2 million cosmetic surgeries were minimally-invasive procedures, 6.8 million included reconstructive procedures. The increasing number of cosmetic surgery has raised the number of hospitals, free-standing ambulatory surgical facilities, and office premises to conduct cosmetic surgery procedures.
Competitive Landscape And The Regional Analysis Of The Cosmetic Surgery Market
Major players in the cosmetic surgery market are AbbVie, Cynosure, Alma Laser, Bausch Health Companies Inc., Galderma SA, Merz Pharma GmbH & Co. KGaA, Evolus Inc., RevanceGalderma, Lumenis, Solta Medical, Syneron Candela, Sinclair Pharma PLC, Syneron, Teoxane Laboratories, Vital Esthetique, Polytech Health & Aesthetics GmbH, GC Aesthetics, HansBiomed Co. Ltd.
Additionally, as per TBRC’s research – North America was the largest region in the cosmetic surgery market in 2021 holding the largest market share and is expected to be the fastest-growing region in the forecast period.
The Cosmetic Surgery Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cosmetic surgery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cosmetic surgery market.
Botulinum Toxin Injections – A Key Trend In The Cosmetic Surgery Market
The increasing demand for cosmetic surgeries and minimally invasive procedures has increased in the past few years. Botulinum Toxin injections also known as Botox are used to improve appearance by relaxing muscles that cause wrinkles. These injections are also used in treating medical conditions like eye problems, migraines, hyperhidrosis, and overactive bladder.
Cosmetic Surgery Market Segmentation By The Business Research Company
1) By Procedure Type: Surgical Procedures, Non-Surgical Procedures, Other Procedures
2) By Provider: Spas And Cosmetic Surgery Centers, Hospitals And Specialty Clinics
3) By Gender: Male, Female
4) By Application: Liposuction, Eyelid And Nose Surgery, Body Contouring, Face Reconstruction, Cosmetic Implants, Other Applications
5) By End-User: Hospitals, Surgical Centers, Other End-Users
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