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Plastic Surgery Market: Growth Projections, Trends, and Key Players | 2024-2031
Plastic Surgery Market - DataM Intelligence
In 2022, the Global Plastic Surgery Market was valued at USD 69.7 billion and is anticipated to experience significant growth, reaching an estimated USD 158.7 billion by 2031. The market is projected to grow at a CAGR of 11.1% during the forecast period from 2024 to 2031.
This growth is influenced by increasing regulatory approvals for plastic surgery devices, driven by the growing impact of media, social media, and the fashion industry, as well as enhanced research and development efforts.
Plastic surgery, a surgical specialty, focuses on the reconstruction, enhancement, or alteration of the human body. It is divided into two main categories: cosmetic surgery and reconstructive surgery.
The plastic surgery market is witnessing an upsurge due to increasing consumer demand for plastic procedures. This demand is fueled by the adoption of minimally invasive procedures, reduced costs, an increase in the number of accredited service providers, and the launch of new products in the market. The market is seeing a surge in demand for products from North America, attributed to advancements in research in these regions. Key players in the market include Allergan Aesthetics (AbbVie Inc.), Merz Aesthetics, Cynosure LLC, among others.
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Plastic Surgery Market Trends
The Surge in Innovative Product Launches Fuels the Growth of the Plastic Surgery Market
The growing demand for cosmetic procedures to reshape various body parts, the introduction of innovative products that necessitate only minimally invasive procedures, recent advancements in therapeutics, and an increase in clinical trials and novel product launches are expected to drive the expansion of the global plastic surgery market size throughout the forecast period.
The primary driver of the global plastic surgery market is the escalating demand for cosmetic procedures to reshape body parts. The market is poised to continue its growth with the introduction of more innovative products that require only minimally invasive procedures. The safety margin for chemical procedures has been enhanced due to technological advancements and the development of more sophisticated materials for plastic surgery, further propelling the market.
For example, in June 2022, Cynosure introduced the PicoSure Pro, the first 755 nm picosecond laser to receive FDA approval. This laser, capable of delivering energy in a trillionth of a second, safely and effectively treats skin rejuvenation and pigmentation by applying pressure instead of heat.
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Plastic Surgery Market Segmentation
By Surgical Procedure Type
Reconstructive Surgical Procedure
Cosmetic (aesthetic) Surgical Procedure
Cosmetic Minimally-Invasive Procedures
By Gender
Female
Male
By Age Group
Age Group (13-19)
Age Group (20-29)
Age Group (30-39)
Age Group (40-54)
Age Group (55-69)
Age Group (70+)
By End User
Hospitals
Surgical Centers/ Clinics
Others
Market Key Players
Major players are Allergan Aesthetics (AbbVie Inc.), Alma Lasers, Cynosure LLC, Galderma, Bausch Health Companies Inc., Merz Aesthetics, Candela Corporation, Evolus, Inc., Lumenis Be Ltd. and GC Aesthetics.
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