The global market of cosmetic surgery and procedure is evaluated to grow at a CAGR of 5.62% during the projected period, 2020-2028
NEW YORK, March 10, 2020 /PRNewswire/ --
KEY FINDINGS
The global market of cosmetic surgery and procedure is evaluated to grow at a CAGR of 5.62% during the projected period, 2020-2028. The increasing access to cosmetic procedures due to surge in disposable income, preference of minimally invasive and non-invasive procedures, rising aging population, the rapid growth of the aesthetic industry, and medical tourism in developing markets are the principal factors boosting the market growth in the region.
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MARKET INSIGHTS
Cosmetic surgery and procedures include surgical and non-surgical procedures for reshaping or enhancing various body parts or structures to improve appearance and confidence.The scope within cosmetic procedure includes breast enhancement, facial and body contouring, facial and skin rejuvenation.
In many cultures across the world, aging has become undesirable.Modern culture, along with technological advancements, has made visual age defiance possible.
The rising aging population has resulted in an increased demand for anti-aging cosmetic and aesthetic treatments worldwide, thereby leading to an increasing number of cosmetic surgery and procedures across the globe.The deterrents to the market growth are high cost of aesthetic treatment,safety concerns, availability of alternate treatments, and lack of reimbursement.
Aesthetic products and procedures are luxury items, and they are expensive. Hence, the high cost of aesthetic treatments is one of the factors hampering the market growth. The market is highly competitive as the manufacturers are striving hard to increase their market share through competitive pricing and the introduction of new technology-based products.
REGIONAL INSIGHTS
The global cosmetic surgery and procedure market is geographically analyzed on the basis of the markets situated across North America, Europe, Asia Pacific, and the Rest of the World.As of 2019, the region of North America holds the largest market share in terms of revenue.
This is attributed to the safety and efficacy of cosmetic procedures.
COMPETITIVE INSIGHTS
Allergan PLC, Bausch Health Companies Inc, Sinclair Pharma PLC, Merz Pharma, Lumenis Ltd, etc. are some of the leading companies registering their business presence in the market.
Our report offerings include:
-- Explore key findings of the overall market
-- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
-- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
-- Market Segmentation cater to a thorough assessment of key segments with their market estimations
-- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
-- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
-- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
-- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. ALLERGAN PLC
2. ALMA LASERS, LTD (ACQUIRED BY FOSUN PHARMA)
3. BAUSCH HEALTH COMPANIES INC (FORMERLY VALEANT PHARMACEUTICALS)
4. CANDELA CORP (FORMERLY SYNERON MEDICAL LTD)
5. CUTERA, INC
6. CYNOSURE (ACQUIRED BY CLAYTON, DUBILIER & RICE)
7. DEPUY SYNTHES COMPANIES (ACQUIRED BY JOHNSON & JOHNSON)
8. GALDERMA (ACQUIRED BY EQT)
9. IPSEN S.A.
10. JOHNSON & JOHNSON
11. LUMENIS LTD
12. MERZ PHARMA
13. SIENTRA, INC
14. SINCLAIR PHARMA PLC
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