The global cosmetic surgery and procedure market are 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.
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, the 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 the safety of surgical procedures, growing faith of patients on such surgeries, and growing medical tourism.
Access Full research report on cosmetic surgery and procedure market analysis: http://www.grandviewresearch.com/industry-analysis/cosmetic-surgery-procedure-market
U.S. cosmetic surgery and procedure market by type, 2014 - 2025 (USD Billion)
Further Key Findings From the Report Suggest:
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Rising volume of cosmetic surgeries due to increasing demand from emerging countries is expected to boost the market
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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
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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
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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.
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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.
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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
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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
View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices
Global cosmetic surgery and procedure market by region, 2016 (%)
Grand View Research has segmented the global cosmetic surgery and procedure market on the basis of type and region:
Type of Cosmetic Surgery and Procedure Outlook (Revenue, USD Million, 2014 - 2025)
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Surgical
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Breast Augmentation
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Liposuction
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Tummy Tuck
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Eyelid Surgery
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Breast Lift
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Non-surgical
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Botulinum toxin
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Dermal Fillers
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Laser Hair Removal
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Photo-rejuvenation
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Microdermabrasion
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Regional Outlook (Revenue, USD Million, 2014 - 2025)
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North America
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U.S.
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Canada
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Europe
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U.K.
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Germany
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Asia Pacific
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India
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China
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South Korea
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Latin America
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Brazil
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Middle East & Africa
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South Africa
Access Press Release of this Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cosmetic-surgery-procedure-market
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.
For more information: www.grandviewresearch.com
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