As stated in our extensive report; providing insights on Key Drivers, Key Restraints, and Segments (i.e.,Procedure Type, End-User, and Region); the Global Cosmetic Surgery Market accounted for USD 44.1 Billion in the year 2021.
Cosmetic plastic surgery includes surgical and nonsurgical procedures that enhance and reshape structures of the body to improve appearance and confidence. Cosmetic operations are becoming increasingly popular among men, accounting for 40% of the rise. Because of better safety margins, rising obesity, accidents, and an increase in the number of Cosmetic Surgery hospitals, the Cosmetic Surgery Market is predicted to grow dramatically during the forecast period.
Key Factors Likely to Drive Growth of Cosmetic Surgery Market
The media, fashion, & film industry impacts; peer pressure for appearance & attractiveness; altering dimensions of beauty; etc. are some of the examples of trending social and cultural influences on the Cosmetic Surgery Market. The growth of the tourist industry and the establishment of tourism clusters such as Miami and Bangkok have increased not just exposure to cosmetic procedures but also generated a high demand for them. Obesity, accidents, the widening safety margin of Cosmetic Surgery, and the growing number of Cosmetic Surgery hospitals are all on the rise. Among other things, technological aspects include the creation of advanced materials, such as silicone implants, bolstering the high market growth.
Some of the primary growth drivers in the Global Cosmetic Surgery Market include increased per capita income, decreased Cosmetic Surgery costs, and so on. The rise in consumer desire to improve self-esteem, as well as the development of self-monitoring applications, will increase the number of opportunities that will contribute to the emergence of the Cosmetic Surgery Market throughout the forecast period. The lack of incorrect reimbursement criteria, as well as strict rules, is expected to act as a restraint on the expansion of the Cosmetic Surgery Market during the forecast period.
North America holds the largest share in the Cosmetic Surgery Market and is expected to continue this trend in the forecast period. The market's expansion in this region is fuelled by the increased acceptability of Cosmetic Surgery and widespread information. In addition, substantial advancements in related technologies, like enhanced silicone and polymer implants, are boosting the Cosmetic Surgery Market growth in the region.
Some of the key players in the Global Cosmetic SurgeryMarketinclude-Allergan Plc, Mentor Worldwide LLC (Johnson & Johnson Services, Inc.), GC Aesthetics, Sientra Inc, Polytech Health & Aesthetics GmbH, HansBiomed Co. Ltd, Galderma S.A. (A Nestle Company), Alma Lasers Ltd. (Shanghai Fosun Pharmaceuticals Ltd.), Merz Pharma GmbH & Co. KGaA, Cutera, Inc, Anika Therapeutics, Inc.), Valeant Pharmaceuticals International Inc., Syneron Medical Ltd., Cynosure Inc. (Hologic Inc.), Suneva Medical Inc., Blue Plastic Surgery, Australia Cosmetic Clinics, Salmon Creek Plastic Surgery, The Plastic Surgery Clinic, Cosmetic Surgery (UK) Limited, and others.