Demand for Cosmetic Surgery and Procedure and Impact of COVID-19……..


The global cosmetic surgery and procedure market size is expected to reach USD 43.9 billion by 2025, according to a new report by Grand View Research, Inc. Technological developments, growing use of social media, and increasing disposable income are some of the factors likely to drive the market during the forecast period.
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
The substantial increase in the volume of cosmetic procedures can be attributed to the popularity of digital photography, rising demand by consumers to boost self-esteem, introduction of self-monitoring apps, and increasing affordability of cosmetic surgeries in developing countries. Furthermore, risk associated with cosmetic surgery has decreased due to technological developments and presence of skilled surgeons.
It was observed that the volume of both surgical and nonsurgical cosmetic procedures has increased in the past few years.This can be attributed to increasing disposable income, increasing safety of surgical procedures, growing faith of patients on such surgeries, and growing medical tourism.
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Further Key Findings From the Report Suggest:
·         Rising volume of cosmetic surgeries due to increasing demand from emerging countries is expected to boost the market
·         The cosmetic surgery or surgical procedure segment accounted for the maximum share in 2016 due to increasing affordability of cosmetic procedures, increasing safety of surgeries, growing reliance of patients on surgeries to achieve positive outcomes, the presence of skilled surgeons, and long-lasting results
·         The nonsurgical cosmetic procedure segment is likely to witness the fastest growth in coming years due to higher awareness and lower risk in comparison to surgical procedures. Furthermore, nonsurgical procedures are more economical and a large number of relevant service providers are easily available
·         Geographically, North America dominated the cosmetic surgery and procedure market in 2016. It is anticipated to maintain its dominant position during the forecast period due to increased awareness about aesthetic procedures, higher healthcare expenditure as compared to other developing countries, and greater adoption of procedures by both men and women.
·         The cosmetic surgery and procedure industry in Asia Pacific is expected to witness the fastest growth over the next decade owing to the growing medical tourism, improving healthcare infrastructure, and availability of high-quality services.
·         People from developed countries travel to India, Brazil, Mexico, Malaysia, and South Korea for affordable cosmetic procedures. Hence, the market is expected to witness strong growth in developing countries
·         Some of the key players operating in the market are ALLERGAN; Merz Pharma; Nestlé; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson
The cosmetic surgery and procedure market size was valued to be over USD 26.3 billion in 2016 and is anticipated to grow at a CAGR of 5.9% over the forecast period. 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. Moreover, changing lifestyle, increasing affordability, and advancements in technologies are likely to propel the market growth of cosmetic surgery.
Cosmetic surgery and procedure have been broadly categorized into surgical and nonsurgical. Cosmetics surgery or surgical procedure is segmented into breast augmentation, liposuction, tummy tuck, eyelid surgery (blepharoplasty), and breast lift. Nonsurgical segment further segmented into botulinum toxin, dermal fillers, laser hair removal, chemical peels, photo rejuvenation, and micro-dermabrasion.
The global increase in population also results in an increased demand for antiaging cosmetic and aesthetic treatments. Owing to its distinctive viscoelastic and moisturizing properties coupled with lower toxicity levels, demand for hyaluronic acid products are directly affected by growing application in minimally invasive antiaging solutions.

In January 2017, Allergan launched Juvéderm Volite, which is claimed to maintain results up to 9 months. The company also undertook dynamic acquisitions and completed two transactions, ZELTIQ Aesthetics, Inc, and Tobira Therapeutics in last 6 months.
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Grand View Research has segmented the global cosmetic surgery and procedure market on the basis of type:
Cosmetic Surgery and Procedure Type of Cosmetic Surgery and Procedure Outlook (Revenue, USD Million, 2014 - 2025)
·         Surgical
o    Breast Augmentation
o    Liposuction
o    Tummy Tuck
o    Eyelid Surgery
o    Breast Lift
·         Non-surgical
o    Botulinum toxin
o    Dermal Fillers
o    Laser Hair Removal
o    Photo-rejuvenation
o    Microdermabrasion 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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