Cosmetic surgery is a surgical or non-surgical procedure that is dedicated to the reconstruction of facial and body structure. Cosmetic processes are becoming more prevalent and expanding at a speedy rate due to the technological innovations and the development of sophisticated materials such as silicone implants, among others are influencing the industry forward. The introduction of technologically improved products, such as non-invasive body contouring systems, which utilize fat freezing technology, is predicted to generate the lucrative growth choices.
The market has observed a spike during the past few months and it is projected to be in high requirement throughout the reviewed duration. According to the report analysis, ‘Cosmetic Surgery and Procedure Market: Current Analysis and Forecast (2021-2027)’ states that growing awareness in the population universally through, peer pressure for appearance and attractiveness, and moving dimensions of beauty, will propel the growth of the market.
COVID-19 is a global health emergency that distresses almost every industry, this pandemic has been proceeding to move the growth of dissimilar market sectors. In the healthcare industry, the pandemic directly affected the producing, demand, and supply chain of several medical devices and pharmaceutical companies.
Some of the foremost companies functioning in cosmetic surgery and process include Abbvie Inc., Bausch Health Companies Inc., Cynosure Technologies, Galderma SA, Merz Pharma GmbH & co. KgaA, Sinclair Pharma plc, Syneron, Teoxane Laboratories, Vital Esthetique, Johnson & Johnson among others are the key companies which recently working in the market for keep maintaining the governing position, leading the highest market growth, obtaining the competitive edge, registering the great value of market share and generating the highest percentage of revenue.
Based on our report analysis, ‘Cosmetic Surgery and Procedure Market: Current Analysis and Forecast (2021-2027)’ it was witnessed that the capacity of both surgical and nonsurgical cosmetic processes has augmented during the past few years. This can be accredited to growing disposable income, growing safety of the surgical processes, increasing faith of patients on such surgeries and increasing medical tourism.
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This report forecast revenue growth at regional, global and country level and delivers an analysis of the latest industry trends in each of the sub-segment from 2021-2027.
Based on procedure, the cosmetic surgery and procedure market is classified into surgical and non-surgical. Among these, the non-surgical category is projected to witness a proficient growth rate over the review period. Individuals are progressively adopting non-surgical procedures mainly due to the growing affordability of cosmetic procedures, augmenting the safety of surgeries, the existence of skilled surgeons, and long-lasting results.
For a well understanding of the market, the report makes available a detailed analysis of major regions and countries comprising 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. During 2020, North America registered for a proficient market share. This is mainly owing to the growing cosmetic surgeries, high income, improved healthcare infrastructure, and implementation of cosmetic procedures such as liposuction, eyelid surgery, botulinum toxin, and hair removal treatment, around the region.
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Ankur Gupta, Head Marketing & Communications