The Global Cosmetic Surgery and Procedures Market to Progress at CAGR of 6.25% by 2028

Triton Market Research presents the Global Cosmetic Surgery and Procedures Market segmented by Type (Non-Surgical [Chemical Peel, Botulinum Toxin, Photo-Rejuvenation, Dermal Fillers, Microdermabrasion, Laser Hair Removal, Other Types of Non-Surgeries], Surgical [Eyelid Surgery, Breast Augmentation, Tummy Tuck, Liposuction (Ultrasound-Assisted Liposuction, Laser-Assisted Liposuction, Radiofrequency-Assisted Liposuction, Other Liposuction Surgeries), Breast Lift, Other Types of Surgeries]) and by Geography (Middle East and Africa, North America, Latin America, Europe, Asia-Pacific). The report further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Market Attractiveness Matrix, Vendor Scorecard, Industry Components, Key Strategic Developments, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's report suggests that the global cosmetic surgery and procedures market is estimated to register growth at a compound annual growth rate of 6.25% over the forecasted period 2021-2028.

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Cosmetic surgery and procedures comprise surgical and non-surgical methods that help enhance various body parts. Breast augmentation and Botox are two widely opted cosmetic procedures globally.

In recent years, it has become increasingly acceptable for men to undergo cosmetic treatments. As a result, there is a rise in the number of men visiting cosmetic clinics. Hence, the growth in men undergoing cosmetic procedures opens new avenues for the cosmetic surgery and procedures market globally. However, the lack of a proper reimbursement framework and side effects associated with cosmetic procedures are impeding the cosmetic surgery and procedures market.

Globally, the Asia-Pacific is estimated to witness the fastest growth rate in the cosmetic surgery and procedures market. This growth can be attributed to increasing disposable income, rising patient awareness pertaining to beauty, and a high population base. Besides this, the surge in medical tourism and technological advancements has surged the demand for cosmetic procedures across major countries. India is one of the most progressive countries regarding cosmetic treatments and is likely to continue to grow.

Hence, all these developments are supporting the development of the cosmetic surgery and procedures market.

The major companies in the cosmetic surgery and procedures market consist of Candela Corporation, Sinclair Pharma, Bausch Health Companies Inc, Johnson and Johnson, Allergan, Alma Lasers Ltd, Cynosure Inc, Lumenis Ltd, Galderma Laboratories LP, Cutera Inc, Sientra Inc, Ipsen Group, and Merz Pharma.

Strict regulations, high capital investments, and the need for technical expertise are major factors restricting the entry of new players into the market. However, the high adoption rate of new techniques creates opportunities for new players.

Further, several prominent players are competing immensely through product developments, acquisitions, and investments. Moreover, there is a growing trend of partnerships among cosmetic clinics and device manufacturers. Hence, these factors indicate the threat of new entrants to be moderate, whereas the competition levels to be high among the existing players.

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