Global Cosmetic Surgery & Procedure Market Projected to Grow at a CAGR of 6.0% during the forecast period 2019-2024 - Axiom MRC

Axiom Market Research & Consulting added a, “Global Cosmetic Surgery and Procedures Market Research Report, By Types And Geography – Global Market Share, Trend Analysis And Forecast Up To 2024”.

The global cosmetic surgery and procedure market was valued at US$ 27.2 billion in 2017 and is projected to grow at a CAGR of 6.0% during the forecast period 2019-2024. The global cosmetic surgery and procedure market has been segmented based on type & their sub-types and geography. Based on type the cosmetic surgery and procedure market has been segmented as surgical and non-surgical. Based on surgical type, the market is segmented as breast augmentation, liposuction, tummy-tuck, eyelid surgery, and breast lift. Nonsurgical type is further segmented as botulinum toxin, dermal fillers, laser hair removal, chemical peels, photo-rejuvenation, and microdermabrasion. The nonsurgical procedures segment is estimated to grow at a higher rate during the forecast period. This is due to increasing aesthetic awareness amongst the population, rise in medical tourism in regions such as India, South Korea, Brazil and Singapore. In addition, nonsurgical procedures are more economical for patients. This segment is projected to grow at a CAGR of 6.3% from 2019 to 2024. Based on geography, the global cosmetic surgery and procedure market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The global cosmetic surgery and procedure market is lead by leading companies such as Allergan plc; Merz Pharma; Nestle; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson among others.

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Global increase in the incidence of acne and other skin-related conditions has driven the market. Furthermore, rapidly aging population and increasing concerns about wrinkles & related skin disorders are some of the key factors likely to boost the market. Furthermore, increasing prevalence of breast cancer has increased the demand for breast augmentation and breast lift procedures. The demand for tummy tuck (abdominoplasty) and liposuction is also growing due to increasing obese population. Changing lifestyle, increasing affordability, and advancements in technologies are likely to propel the market growth of cosmetic surgery.

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