The global cosmetic surgery market size was evaluated at $54.80 Billion in 2022 and is slated to hit $72.33 Billion by the end of 2030 with a CAGR of nearly 4.5% between 2023 and 2030.
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➤ The global market is expected to experience development between 2023 and 2030 due to the increasing prevalence of cosmetic surgical procedures among the youth and ageing population.
The global market trends will be driven by the need for appearance and fitness consciousness among the young and the elderly. The demand for cosmetic surgeries will be stimulated in the future years by the increasing popularity of aesthetic treatments among the populace of emerging economies. The global cosmetic surgery market will be further augmented by the increasing popularity of cosmetic surgical procedures, such as liposuction, Botox injections, and nose reshaping.
➤ An increase in the number of working women to create new growth opportunities for the global market
The global cosmetic surgery market will be presented with new opportunities for growth as a result of the increasing sanction of cosmetic surgeries by state authorities in the United States and Europe. The global increase in the number of working women will generate novel growth opportunities for the market on a global scale. Market players will be able to investigate the potential for market growth in untapped regions as a result of technological advancements in the healthcare sector, which will open up new horizons of growth for the market.
➤ The industry’s development trajectory is significantly impeded by the increasing costs of raw materials on a global scale.
The global cosmetic surgery industry has faced a significant challenge in its growth trajectory as a result of the disruption in the supply chain and the rise in component costs caused by the outbreak of diseases such as COVID-19 and the H3N2 virus.
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The Global Cosmetic Surgery Market is segmented based on product, application and region
Global Cosmetic Surgery Market: Product Segment Analysis
● Invasive Procedures
● Non-invasive Procedures
Global Cosmetic Surgery Market: Application Segment Analysis
● Ambulatory Surgical Units
● Hospitals & Clinics
● Cosmetic Surgical Centers
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The global Cosmetic Surgery market profiles key players such as:
● AbbVie Inc.
● Evolus Inc.
● Solta Medical
● Cynosure
● Revance Therapeutics Inc.
● Galderma S.A.
● Merz Pharma
● Sientra Inc.
● Lumenis
● Apyx Medical
● Candela Medical Corporation
● Long Island Plastic Surgical Group
● PC
● Alma Lasers Inc
???? Recent Developments
• JUVÉDERM® VOLUMA™ XC, a new product that aids in the enhancement of the jawline in adults, was approved by the U.S. FDA in the first half of 2020 by Allergan Aesthetics, a division of AbbVie Inc., a pharmaceutical company. This action will broaden the scope of the cosmetic surgery market in the United States and throughout the North American subcontinent.
• LightStim, a family-owned company that assists beauty and healthcare professionals, introduced Elipsa in the latter half of 2022. This equipment offers dual therapy for the treatment of acne and wrinkles using LED techniques. Additionally, the apparatus is accessible to end-users at their residences. The strategic move is expected to stimulate the global expansion of the cosmetic products and cosmetic surgery industries.
➤ By 2030, North America is expected to make substantial contributions to the global cosmetic surgery market share.
It is expected that North America, which held 50% of the global market share in 2022, will continue to account for the largest share of the global cosmetic surgery market during the forecast period. The regional market’s expansion during the assessment period can be attributed to the widespread availability of advanced cosmetic equipment, technological advancements in cosmetic procedures, and the availability of qualified cosmetic surgeons.
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