Global Cosmetic Surgery Market Analysis: Size, Drivers, Trends, Opportunities, And Strategies
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At What Rate is the Cosmetic Surgery Market Predicted to Expand Between 2024 and 2033?
In recent times, the market size for cosmetic surgeries has seen fast-paced growth. It is expected to expand from $48.05 billion in 2023 to $53 billion in 2024, with a compound annual growth rate (CAGR) of 10.3%. The growth during the historic period is due to factors such as altering beauty standards, influence of celebrities, improved affordability, the impact of social media, psychological health benefits, and media and advertising.
The market size for cosmetic surgery is poised for a significant expansion in the coming years, projecting to escalate to $73.22 billion in 2028 with a compound annual growth rate (CAGR) of 8.4%. The anticipated growth during this forecast period can be ascribed to factors such as the upswing in non-invasive procedures, cultural endorsements, aging global population, availability of information, regulatory approvals and set standards, as well as male-focused aesthetic procedures. Key trends expected during this period range from technological integration and non-invasive procedures to minimally invasive techniques, personalized and customizable procedures, 3D imaging and simulation, and the incorporation of regenerative medicine.
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What Forces Are Boosting the cosmetic surgery Market’s Growth?
The cosmetic surgery market is seeing considerable growth due to the rapid surge in the number of cosmetic surgery hospitals. These procedures are carried out to enhance an individual’s aesthetic appeal by fixing damaged skin areas and eliminating blemishes or wrinkles. Factors such as societal and cultural shifts in beauty norms, influenced by sources such as the media, the fashion world, and the film industry, along with peer pressure to look attractive, have led to a global upswing in the number of cosmetic surgery hospitals. For instance, a 2021 study by the American Society of Plastic Surgeons recorded that Botox injections were the leading non-invasive cosmetic procedure in 2020, with a staggering 4.4 million procedures. With the boom in cosmetic surgeries, there has been a consequent increase in the number of hospitals, standalone ambulatory surgical facilities, and offices dedicated to conducting such procedures.
What Key Segments Make Up the Cosmetic Surgery Market?
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
What Are the Latest Trends Impacting the Cosmetic Surgery Market?
A prevailing trend in the cosmetic surgery market is product innovation. In order to broaden their market presence, major industry players are investing in the creation of novel products. For instance, Merz Aesthetics, a pharmaceutical firm in the U.S., launched a new injectable implant known as Radiesse (+) Lidocaine in February 2022. Radiesse (+) is a gel-type injectable dermal filler comprised of calcium hydroxylapatite (CaHa). Its purpose is to enhance the volume and shape of lower facial contours, while also firming up and lifting jowls and buccula and reducing and correcting moderate-to-severe facial lines and creases. This is the premier and sole aesthetic injectable that has the ability to address moderate to severe loss of jawline contour.
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What Regions Are Dominating the Cosmetic Surgery Market Growth?
North America was the largest region in the cosmetic surgery market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmetic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Cosmetic Surgery Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cosmetic surgery market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Cosmetic Surgery Market Include
1. Cosmetic Surgery Market Executive Summary
2. Cosmetic Surgery Market Segments
3. Cosmetic Surgery Market Size And Template Market Growth Rate
4. Key Cosmetic Surgery Market Trends
5. Major Cosmetic Surgery Market Drivers
……
25. Key Mergers And Acquisitions In The Cosmetic Surgery Market
26. Top Cosmetic Surgery Companies
27. Cosmetic Surgery Market Opportunities And Strategies
28. Cosmetic Surgery Market, Conclusions And Recommendations
29. Appendix
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