Cosmetic Surgery and Procedure Market Size, share, and developments by type, sales channel, application, and segment estimates for the years 2021-2027
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A comprehensive overview of the cosmetic surgery and procedure market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the cosmetic surgery and procedure market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.?The?cosmetic surgery and procedure market?is likely to showcase a robust growth of around 5% during the forecast period (2021-2027).
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Market Overview
The cosmetic surgery and procedure market is expected to witness a CAGR of ~5% during the forecast period.?Cosmetic surgery is a surgical or non-surgical process that is dedicated to the reconstruction of facial and body structure.?There are some growing cosmetic surgeries are breast augmentation, liposuction, nose reshaping, eyelid surgery, tummy tuck, and facelift. Moreover, cosmetic procedures are becoming more popular and expanding at a rapid rate owing to the technological advancements and the development of sophisticated materials such as silicone implants, among other things, are propelling the industry forward. In addition, increasing awareness in the youth generation worldwide through social media, fashion, peer pressure for appearance and attractiveness, shifting dimensions of beauty, and entertainment industries will drive the growth of the market.
COVID-19 Impact
COVID-19 is a global health emergency that affects almost every industry, this pandemic has been proceeding to change the growth of different market sectors. In the healthcare industry, the pandemic directly affected the manufacturing, demand, and supply chain of various medical devices and pharmaceutical companies.?Furthermore,?according to the International Society of Aesthetic Plastic Surgery (ISAPS) data, during the pandemic period, the total number of cosmetic surgical procedures decreased from 11.3 million in 2019 to 9.8 million in 2020, and it observed a decline of 13.0% in procedures.
The?cosmetic surgery and procedure market?report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By procedure, the market is primarily bifurcated into:
Based on procedure, the cosmetic surgery and procedure market is segmented into surgical and non-surgical. In 2020, The surgical category is anticipated to witness a significant growth rate over the forecast period. These are further fragmented into surgical procedures that are, breast augmentation, liposuction, eyelid surgery, abdominoplasty, rhinoplasty and non-surgical procedures, botulinum toxin, hyaluronic acid, hair removal, non-surgical fat reduction, photo rejuvenation, and others. Therefore, in the surgery procedure breast augmentation is done by placing implants behind the breast tissue or under the chest muscle. An implant is a sac filled with either sterile salt water (saline) or a material called silicone.
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By Provider, the market is primarily bifurcated into:
Based on provider, the cosmetic surgery and procedure market is categorized into hospitals and specialty clinics, and cosmetic surgery centers. In 2020, the hospitals and specialty clinics category dominated the cosmetic surgery and procedure market and is expected to grow significantly in the upcoming years. The growth of this category is due to the rising number of burn cases, obesity, the availability of skilled professionals and the increasing awareness of cosmetic surgeries are the major factors for the growth of this segment. In addition, the prevalence of obesity is also a major factor in the growth of this category during the forecast period.
Cosmetic Surgery and Procedure Market Geographical Segmentation Includes:
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For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. This is mainly due to the increasing cosmetic surgeries, high income, advanced healthcare infrastructure, adoption of cosmetic procedures such as liposuction, eyelid surgery, botulinum toxin, hair removal treatment, photo rejuvenation, and awareness in the youth generation worldwide through social media, fashion, appearance, and attractiveness will drive the growth of the market in this region.
The major players targeting the market include:
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the cosmetic surgery and procedure market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
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