Cosmetic Surgery Market Growth, Global Industry Share, Upcoming Trends, Revenue, Business Challenges, Opportunities and Forecast Analysis till 2033: SPER Market Research
The purpose of cosmetic plastic surgery is to alter your appearance. For some, this could entail reshaping the body, removing bald spots, or smoothing out wrinkles. Others might decide for breast augmentation or treatment for varicose veins. The procedure is elective and performed more for aesthetic than for medicinal purposes. Men and women can pick from a variety of cosmetic surgery procedures to create an image that increases their sense of self-assurance and comfort with their looks.
According to SPER market research, ‘Cosmetic Surgery Market Size- By Gender, By Procedure, By Age Group, By Provider- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Cosmetic Surgery Market is predicted to reach USD 65.08 billion by 2033 with a CAGR of 4.11%.
One of the main factors propelling the growth of the cosmetic surgery market is the increasing number of cosmetic surgery hospitals around the world as a result of expanding social and cultural influences from the media, fashion, and film industries; peer pressure to appear attractive; and changing definitions of beauty. One important development in the cosmetic surgery industry is the use of Botulinum Toxin. Over the past few years, there has been a rise in demand for minimally invasive operations and cosmetic surgeries. Additionally, the development of tourism clusters and the expansion of the tourism industry have boosted exposure to cosmetic operations and subsequently raised demand for these procedures in the market.
Numerous side effects are linked to the medication, which may hinder the market’s expansion. These risks are becoming more common as a result of non-physicians doing treatments in salons, spas, and other non-medical settings. Scars, edema, infections, and nerve damage are among the frequent side effects of aesthetic operations. When people have safety concerns, they are hesitant to have cosmetic operations done. This element has suppressed the desire for cosmetic procedures. Furthermore, the market expansion would be adversely affected by the significant expenses linked to these operations.
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Impact of COVID-19 on Global Cosmetic Surgery Market
Because of the lockdown and travel restrictions brought on by the COVID-19 pandemic, which hindered hospital and clinic patient chains, the global market for cosmetic surgery was significantly impacted. In order to reduce the possibility of cross-contamination among patients and medical personnel, the health care facilities chose to perform emergency and major surgeries. Additionally, it restricted people’s discretionary cash, which had an immediate effect on the demand for cosmetic surgery. Since cosmetic surgery is not seen as an emergency procedure, there has been a sharp decline in its use during the pandemic.
Global Cosmetic Surgery Market Key Players:
Geographically, North America is dominating the industry and continue to do so due to the abundance of highly skilled plastic surgeons conducting a wide range of cosmetic treatments and the expanding number of aesthetic clinics in this region. The prominent market players of this industry are AbbVie Inc., Apyx Medical, Bausch Health Companies Inc., Cutera, Cynosure, GALDERMA and many others.
Cosmetic Surgery Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Gender: Based on the Gender, Global Cosmetic Surgery Market is segmented as; Female, Male.
By Procedure: Based on the Procedure, Global Cosmetic Surgery Market is segmented as; Non-Surgical Procedure, Surgical Procedure.
By Age Group: Based on the Age Group, Global Cosmetic Surgery Market is segmented as; 18 Years and Younger, 19 to 34 Years, 35 to 50 Years, 51 to 64 Years, 65 Years & Above.
By Provider: Based on the Provider, Global Cosmetic Surgery Market is segmented as; Hospitals & Speciality Clinics, Spas & Cosmetic Surgery Centres.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Cosmetic Surgery Market Future Outlook
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