Worldwide Cosmetic Surgery Market | Top Key Players - Johnson & Johnson, Valeant Pharmaceuticals International, Cutera, Inc., Syneron Medical Ltd., Allergan, Inc., Genesis Biosystems, Inc.

Cosmetic surgeries are elective and are undertaken by the patients to improve their physical appearance for purely aesthetic purposes. Cosmetic surgery is not considered essential in the medical terms. However, many patients choose this type of surgery due to emotional benefits. Cosmetic surgery visually improves the areas that the individual wants to alter as per wishes. Some of the common surgical procedure for cosmetics are inclusive of liposuction, tummy tucks, breast augmentation, face lifts, rhinoplasty, and others. Increasing expenses on cosmetics, growing procedures for liposuction are estimated to be the major drivers for the market growth during the forecast period. According to the Cosmetic Physicians College of Australasia in 2015, the Australians spent approximately USD 890 million on minimally or non-invasive cosmetic procedures.

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The estimated rise was of 5% from 2014. Moreover, in 2016, according to the International Society of Aesthetic Plastic Surgery, an estimated 18,447 liposuction procedures were performed in the Chinese Taipei, accounting for 1.3% of the total surgical liposuction procedures across the globe. Moreover, it was estimated that India stood third in liposuction procedures, representing 5.0% of the total liposuction procedures performed in the world. However, high procedural cost and procedure related side effects is estimated to restrain the market growth during the forecast period. The cost of breast augmentation is high. In India, it is estimated to cost around USD 1,200 to USD 2,200, depending upon the type of augmentation. Moreover, within the region liposuction can cost from USD 550 to USD 2,600.

The Global Cosmetic Surgery Market is expected to grow at an approximate CAGR of 7.8%, during the forecast period, i.e. from 2017 to 2023.

Global Cosmetic Surgery Market- Competitive Analysis

Johnson & Johnson, Valeant Pharmaceuticals International, Cutera, Inc., Syneron Medical Ltd., Allergan, Inc., Genesis Biosystems, Inc. and others are some of the prominent players at the forefront of competition in the Global Cosmetic Surgery Market and are profiled in MRFR Analysis.

Degree of competition is considered to have a medium impact on the market. Competitive rivalry is used to evaluate the capability and the level of rivalry among the existing competitors of the market. It is also referred for the extent to which firms within the market puts pressure on one another and limits others profit potential. A large number of players are in this market which follow the strategy of product launches, acquisition and collaboration.

In July, 2016- Johnson & Johnson announced that the company has successfully completed the acquisition of Vogue International LLC which is a privately-held company and is focused on the marketing, research and development and distribution of salon-influenced and nature inspired hair care and other personal care products for an estimated amount of USD 3.3 billion in cash.

In February-2018, At the American Academy of Dermatology (AAD) Annual Conference, Cutera, is showcased the Secret RF, radio frequency microneedling system and Juliet, Er:YAG 2940 nm laser for women intimate health. Moreover, their portfolio of leading laser and energy-based aesthetic systems was also showcased. 

In March 3, 2016- Syneron Medical Ltd. announced the launch of three new product during the 2016 American Academy of Dermatology (AAD) meeting.  The launches included the new CO2RE Intima system for gynaecological, genitourinary indications product, i.e., PicoWay laser wavelength and the Profound SubQ. With these launches, Syneron Medical Ltd. reaffirmed its best-in-class product suite and continued to address the needs of the aesthetics.

In February, 2018- Allergan plc, and Medicines360, a global non-profitable  women's health pharmaceutical company expanding their access with a mission to provide quality medicines and announced that the U.S. Food and Drug Administration (FDA) accepted the filing for Medicines360's supplemental New Drug Application (sNDA).

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Global Cosmetic Surgery Market- Regional Analysis

The Americas holds the largest Cosmetic Surgery Market.  This can be attributed to a well-developed healthcare sector, rising healthcare expenditure, and presence of the developed economies within the region. Europe holds the second position in the market. On regional basis Europe is divided into Western Europe and Eastern Europe.  Western Europe is leading the market owing to the presence of the developed economies like Italy, France, Germany and others. On the other hand, Asia Pacific is estimated to be the fastest growing region in the market. The Middle East & Africa holds the least market share owing to the presence of low income countries and stringent government policies within the African region.

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This release was published on openPR.