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Global Cosmetic Procedures Market Value to Increase to US$ 51.6 Bn by the end of 2025
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Global Cosmetic Procedures Market: Underlying Forces
The global market for cosmetic procedures is impacted by various aspects, few of which have a positive impact and few have a negative one. Rising demand for surgico-medical cosmetic procedures, rising popularity of hydraulic acid-based fillers as a volume restoring therapy, continuous market expansion, changing demand patterns for less painful treatments among consumers, early onset of driving demand for age-defying treatments to treat face and skin related problems, high potential for combination therapies in absence of reimbursement, rising demand for faster treatment and quicker results, increasing advertising of new technologies and treatment procedures and rising innovations by adopting new technologies are boosting the growth of the global cosmetic surgical procedures market. However, factors such as lack of reimbursement facilities for aesthetic services especially laser treatments, side effects of main treatments, lack of clinical evidences for treatments other than botulinum toxin, difficulty in Recruiting Physicians in surgical clinics, side effects associated with radio frequency beauty procedures and improper training to professionals pose challenges to the growth of the global cosmetic procedures market.
Global Cosmetic Procedures Market: Forecast
The global cosmetic procedures market is expected to witness robust growth throughout the period of assessment. The market is estimated to reach a market valuation of about US$ 51.6 Bn by the end of 2025, growing at a CAGR of 7.5% during the 2017-2025 forecast period.
Global Cosmetic Procedures Market: Highlights on Various Segments
The global cosmetic procedures market is segmented by procedure type (surgical procedures and non-surgical procedures), by end user (hospitals, office-based facilities) and by region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa). Surgical procedures are further segmented by breast surgery, body and extremities and face surgery. Non-surgical procedures are further classified into injectables, facial rejuvenation and others (hair removal and tattoo removal).
Europe region to show high market value, a bit over US$ 14.5 Bn by the end of 2025 and is expected to grow at a robust CAGR throughout the period of assessment. Latin America reflects high potential as it is second largest region in the cosmetic procedures market, growing at a 8.4% CAGR during the forecast period
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By end user segment, ambulatory surgical centers segment is poised to grow at the highest growth rate to reflect a CAGR of 8.7% during the 2017-2025 period. The office-based facilities segment is the largest segment by value, as the segment demands more cosmetic procedures. This segment is anticipated to reach a value of about US$ 23.1 Bn by 2025 end and is poised to grow at a significant CAGR during the forecast period
The surgical procedures segment by procedure type, is expected to be the largest segment in terms of value as it is estimated to reflect a value of about US$ 38.7 Bn by 2025 end. The non-surgical procedures segment is projected to grow at a high CAGR during the period of forecast
Global Cosmetic Procedures Market: Competitive Scenario
The global cosmetic procedures market research report has analyzed various key players involved in the cosmetic procedures. Few of these players are Allergan, Plc, Mentor Worldwide LLC (Johnson & Johnson Services, Inc.), GC Aesthetics, Sientra, Inc., Polytech Health & Aesthetics GmbH, HansBiomed Co., Ltd., Galderma S.A. (A Nestle Company)., Alma Lasers Ltd. (Shanghai Fosun Pharmaceuticals Ltd.), Merz Pharma GmbH & Co. KGaA, Cutera Inc., Anika Therapeutics Inc., Valeant Pharmaceuticals International, Inc., Syneron Medical Ltd., Cynosure Inc. (Hologic Inc.)., Suneva Medical, Inc., Blue Plastic Surgery, Australia Cosmetic Clinics, Salmon Creek Plastic Surgery, The Plastic Surgery Clinic and Cosmetic Surgery (UK) Limited.
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