Plastic Surgery Market Trade Analysis and Growth Projections through 2031 - Alma Lasers, Cynosure LLC, Galderma, Bausch Health Companies Inc.

The Global Plastic Surgery Market reached USD 69.7 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 158.7 billion by 2031. The global plastic surgery market is expected to exhibit a CAGR of 11.1% during the forecast period (2024-2031).

Plastic Surgery Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Plastic surgery is a medical specialty focused on reconstructing, repairing, or enhancing body structures for both functional and aesthetic purposes. It includes reconstructive procedures such as cleft palate repair, burn treatment, and post-mastectomy breast reconstruction, as well as cosmetic procedures like rhinoplasty and facelifts. Advances in surgical techniques and minimally invasive procedures have expanded its accessibility and safety. Psychological and social factors, including self-image and confidence, often influence the demand for plastic surgery. The industry continues to grow due to technological innovations and the increasing acceptance of cosmetic enhancements.

List of the Key Players in the Plastic Surgery Market:

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.

Industry Development:

In 2023, the U.S. FDA approved two innovative aesthetic treatments that utilize hyaluronic acid (HA) to address specific skin concerns. On May 15, Allergan Aesthetics, part of AbbVie, announced the approval of SKINVIVE by JUVÉDERM, a unique intradermal microdroplet injection specifically designed to improve cheek skin smoothness in adults over 21. SKINVIVE, which includes a small amount of lidocaine for added comfort, provides lasting benefits for up to six months.

Market Dynamics:

The increasing demand for plastic surgery procedures is a key driver of growth in the global plastic surgery market. Several factors contribute to this rising demand, including the growing geriatric population, rising incidence of scars and injuries, technological advancements, and recent product launches and regulatory approvals. As life expectancy increases, the aging population is fueling demand for aesthetic treatments to address wrinkles, sagging skin, and volume loss. Procedures such as facelifts, dermal fillers, and Botox injections are becoming increasingly popular among older individuals seeking to maintain a youthful appearance.

Additionally, the rising incidence of traffic accidents and burn injuries has led to a greater need for scar revision and reconstructive plastic surgery. According to the World Health Organization (WHO), burns cause an estimated 180,000 deaths annually, with the majority occurring in low- and middle-income countries. In India alone, over 1 million people suffer moderate to severe burns each year, highlighting the urgent demand for plastic and reconstructive surgery solutions.

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Growth Forecast Projected:

The Global Plastic Surgery Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Plastic Surgery Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Plastic Surgery Market:

➥ 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+).

Regional Analysis for Plastic Surgery Market:

The regional analysis of the Plastic Surgery Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Plastic Surgery market?

➠ Who are the leading manufacturers in the global Plastic Surgery industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Plastic Surgery industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Plastic Surgery market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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