Global Plastic Surgery Market was valued at USD 953.4 Million in 2019 and is expected to reach over USD 1,765.5 Million by 2026, growing at a CAGR of around 9.2 during the forecast period from 2019 to 2026
According to the report, the global plastic surgery market was valued at USD 953.4 Million in 2019 and is expected to reach over USD 1,765.5 Million by 2026, growing at a CAGR of around 9.2 during the forecast period from 2019 to 2026.
Plastic surgery is basically the repairing or reconstructing the body parts by the tissue transfer. It can be done due to the treatment of injury or can be for cosmetic reasons also. Nowadays, people are focusing more on their appearance due to which the market for plastic surgery is growing at a faster rate. Also, the availability of various certified service providers has gained the trust of customers towards plastic surgery.
Global Plastic Surgery Market: Overview
Plastic surgery is a branch of cosmetic surgery concerned with the repair of deformities, the process of reconstructing by transfer of tissue, enhancement of aesthetic appearance. It can be performed on any part of the body. The global plastic surgery market is categorized based on surgical or nonsurgical procedure. Some of the surgical procedures are facelift, eyelid surgery, forehead lift, facial implants rhinoplasty. Nonsurgical procedures are botox, dermal fillers, chemical peels, laser skin resurfacing. The global plastic surgery market has also been classified based on the type of products used for a procedure such as implants, injectables, equipment.
Global Plastic Surgery Market: Growth Factors
Major growth drivers for the global market include affordability, the desire of the people to look good, acceptance of the society towards aesthetic procedures, an increase in the number of available certified service providers, lower procedure costs and application over a large patient population group. Restraints include lack of skilled personnel to perform procedures, lack of affinity to undergo procedures and lack of awareness. Opportunities include a rapid influx of people in future for such procedures.
Global Plastic Surgery Market: Segmentation
The plastic surgery market can be classified in terms of surgery, end user, body part application, product type, and region. In terms of surgery, the market is categorized into surgical (invasive) and nonsurgical (noninvasive). Invasive surgery examples are Breast Augmentation, Eyelid Surgery, and Tummy Tuck. Noninvasive surgery examples are Botulinum toxin, laser treatments, Microdermabrasion. In terms of the end user, the global market for plastic surgery has been segmented into hospitals, clinics; research laboratories and institutes and ambulatory surgical centers. Based on body parts application as a face, upper body- breast, hand, stomach; lower body. Based on product type it can be classified further as: lasers, liposuction equipment, injectables such as botulinum toxin, dermal fillers; implants like breast and cheek implants.
Global Plastic Surgery Market: Regional Analysis
In terms of revenue, the U.S. is projected to be the market leader in the plastic surgery market during the forecast period. In terms of revenue, Europe is the second largest market for the year 2017. The Asia Pacific is expected to grow during the forecast period due to the factors such as less stringent regulatory scenario, increasing awareness about plastic surgery and huge population. In Europe, France, Germany, Italy, Spain and the U.K. are anticipated to hold a major share of plastic surgery market during the forecast period.
Global Plastic Surgery Market: Competitive Players
Some of the important market players are Allergan, Johnson and Johnson services, Cynosure, Syneron medical Ltd, Merz Pharma, Sanofi, Galderma, Zetiq.
Global Plastic Surgery Market: Regional Segment Analysis
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