Cosmetic Surgery Market: Future Demands and Forecast to 2028
Cosmetic surgery is a unique branch of medicine that focuses on improving the appearance of a person through surgical and medical techniques. Cosmetic surgery can be performed on all areas of head, neck, and body. It aims to improve a person’s appearance, self-esteem, and self-confidence.
Cosmetic generally includes two types of surgery that is reconstructive and elective cosmetic surgery. Reconstructive surgery is typically performed to improve the appearance of a visible scar, skin condition, or malformed body part caused by an injury, surgery, disease, or birth defect. While elective cosmetic surgery is usually done for non-medical reasons. This includes facelifts, breast implants, liposuction, and breast reduction, which aims to subjectively improve a patient’s physical appearance.
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Opportunities Cosmetic Surgery Market:
Key participants for business development are Allergan plc. (AbbVie) , Alma Lasers Ltd., Anika Therapeutics Inc., Cutera Inc., Cynosure Inc., Johnson & Johnson, Foton D.O.O., Abbott Laboratories, Merz Aesthetics, and Mentor Worldwide LLC.
The emerging prevalence of obesity in population, which then leads to increased number of liposuction cases, is expected to propel the global cosmetic surgery market growth over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC), the adult obesity rate in 2019 was 42.4%, which was probably the first time when the national obesity rate surpassed the 40% mark, thus demonstrating obesity crisis in the U.S.
Increasing number of cosmetic and plastic surgeries is also expected to drive the global cosmetic surgery market growth over the forecast period. For instance, according to the American Society of Plastic Surgeons (ASPS), nearly 18 million people in the U.S. underwent surgical and minimally invasive cosmetic procedures in 2018. These factors are expected to support the global cosmetic surgery market growth over the forecast period. Moreover, according to The British Association of Aesthetic Plastic Surgeons (BAAPS) report, in 2018, over 28,000 cosmetic procedures were performed, a 0.1 percent increase over 2017 in the UK.
Reasons to Purchase this Report
Current and future of global Cosmetic Surgery market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Years Considered to Estimate the Cosmetic Surgery Market Size:
History Year: 2016-2020
Base Year: 2020
Forecast Year: 2021-2028
Important Features and Key Highlights of the Market:-
- Detailed overview of market application and advantages.
- Understand the technologies support, Solution, Services. Understand the evaluation of dynamic growth.
- The in-depth market information of competitors, revenue, and cost structure.
- Strategies of key players, the competitive landscape.
- Historical data, current trend, and market volume and value.
- Industry restrains drivers and opportunities.
- product Development and offerings Key insights.
- Potential Application covers extensive analysis of emerging trends
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Frequently Asked Questions
- What will the market size be in 2028 and at what rate will it grow?
- What are the Major growth driving factors for the global Cosmetic Surgery market during the forecast period?
- What are the trends in the global Cosmetic Surgery market?
- What are the key factors hampering the growth of the global Cosmetic Surgery market?
- Which are the key players forming the competitive landscape?
- What is the current market size?
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