Cosmetic Surgery Market is Expected to Reach $132.2 Billion by 2031 - AbbVie, Bausch Health Companies, Candela Syneron, Cynosure Technologies

The Global Cosmetic Surgery Market was valued at USD 61.3 billion in 2022 and is projected to experience substantial growth, reaching up to USD 132.2 billion by 2031. The market is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% during the forecast period from 2024 to 2031. Cosmetic surgery involves altering or restructuring parts of the body to enhance its aesthetic appearance.

Cosmetic surgical techniques are gaining popularity among the general public for enhancing their appearance. Additionally, the increasing prevalence of dermatological conditions and a large patient pool seeking treatment are driving higher demand for these procedures.

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Key Developments:

• In May 2023, Med Shift launched a SaaS platform specifically designed for medical aesthetic businesses. The Velocity Technology Suite offers features tailored to dermatology, plastic surgery, and other aesthetic fields, including sales acceleration and business automation.

• In February 2023, Athenix, a leading plastic surgery practice in the U.S., acquired Marina Plastic Surgery and MedSpa, a renowned cosmetic surgery
center and medspa located in Marina Del Rey, California.

• In July 2022, Prime Plastic Surgery announced new acquisitions and a partnership with White Oak.

Market Dynamics:

Cosmetic surgeries are increasingly incorporating minimally invasive treatments, such as botulinum toxin and facial filler injections. This trend has grown significantly over the past decade and is expected to drive market growth throughout the forecast period. There has been strong demand for these procedures in the United States in recent years.

One of the key benefits of cosmetic surgery is its ability to align your natural appearance with your desired look, enhancing your overall appearance. Additionally, some procedures offer physical health benefits; for example, rhinoplasty can improve both the aesthetic appearance of the nose and address respiratory issues.

Market Segmentation

By Procedure: Abdominoplasty, Blepharoplasty, Mammoplasty, Buttock augmentation, Laser Skin Rejuvenation, Face Surgery, Liposuction

By Product: Implants(Lip Implants, Breast Implants, Buttock Implants, Chin And Cheek Implants

By Equipment: Hair removal lasers, Dermal resurfacing lasers, Liposuction equipment, Microdermabrators

By Injectables: Botulinum toxin, Collagen, Hyaluronic acid

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Major Key players

• AbbVie
• Bausch Health Companies
• Candela Syneron
• Cynosure Technologies
• Galderma SA
• Johnson and Johnson
• Merz Pharma GmbH
• Sientra
• Sinclair Pharma
• Teoxane Laboratories

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

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