Global Cosmetic Surgery Market 2016-2020

September 26, 2016
This market research report identifies Allergan, Cynosure, Merz Pharma, Galderma, and Valeant Pharmaceuticals as the leading players in the global cosmetic surgery market. This report also presents a detailed segmentation of the market by product (non-surgical procedures and surgical procedures) and by geography (Americas, APAC, and EMEA).

Overview of the cosmetic surgery market

Technavio’s market research analysts have predicted that the global cosmetic surgery market will grow at a rapid pace and will post a CAGR of close to 7% over the forecast period. In the recent years, it has been observed that a lot of importance is associated with the physical appearance of an individual, which is one of the primary factors driving the growth of the global cosmetic surgery market. Besides boosting self-confidence and self-esteem, cosmetic surgery also helps in gaining acceptability in social situations as well as the workplace. Also, people in countries such as Brazil, the US, and Venezuela pay a lot of attention to their looks, and hence, the number of people undergoing surgical procedures, such as liposuction, breast augmentation, tummy tuck, and non-surgical procedures like facial rejuvenation procedures is high in these countries. Moreover, the affordability of cosmetic surgeries has increased in developing countries. Higher disposable incomes in Pacific Rim countries such as Malaysia, Indonesia, and Vietnam are expected to drive market growth even further.

Cosmetic surgery is slowly but steadily gaining popularity with the male population, and this is anticipated to escalate in the coming years. There has been a considerable increase in both surgical and nonsurgical options over the past five years. Moreover, according to a recent study, approximately 70% of men have shown interest in cosmetic surgeries, where balanced nose, face rejuvenation, and a trimmer waistline are common goals among men. The rising popularity of cosmetic surgeries among men due to the desire to look youthful will contribute to this market’s growth over the next four years.

Competitive landscape and key vendors

The global cosmetic surgery market is highly fragmented owing to the presence of numerous well-established global and regional vendors. The market is growing steadily and is expected to grow at a fast pace in emerging countries during the forecast period. Most vendors are also focusing on expanding their network and distributing their products in different countries, by approaching dermatologists and hospitals, and investing in the development of innovative treatment options. The competitive environment in this market is expected to intensify with an increase in product/service extensions, technological innovations, and M&A.

Key vendors in this market are -

  • Allergan
  • Cynosure
  • Merz Pharma
  • Galderma
  • Valeant Pharmaceuticals

Other prominent vendors in the market include Alma Lasers, AQTIS Medical, AART, Andrew Technologies, BTL Industries, Cutera, ColBar LifeScience, Erchonia, Genesis Biosystems, HCBeauty, Hangzhou Techderm, Human med, InMode, Invasix Aesthetic Solutions, Laboratory Obvieline, Lumenis, Medytox, Mentor Worldwide, Polymekon, Qufu Guanglong Biochem, Revitacare, Suneva Medical, SciVision Biotech, Speciality European Pharma, Sciton, Syneron Medical, VCA Laser, Visionmed, Wells Johnson Company, YOLO Medicals, and ZELTIQ Aesthetics.

Product segmentation and analysis of the cosmetic surgery market

  • Non-surgical procedures
  • Surgical procedures

The global cosmetic surgery market was led by the non-surgical procedures segment, accounting for close to 64% of the total market shares during 2015. The increasing preference for a less traumatic surgical experience and minimal incision will aid in this segment’s growth until the end of 2020. The top five cosmetic surgeries by non-surgical procedures in 2015 were botulinum toxin, hyaluronic acid (HA), hair removal, chemical peel, and microdermabrasion. The growth of the market is because of the growing importance associated with facial aesthetics.

Geographical segmentation and analysis of the cosmetic surgery market   

  • Americas
  • APAC
  • EMEA

In terms of geography, the Americas led the global cosmetic surgery market and is expected to account for more than 40% of the revenue market shares. High disposable income is one of the significant factors driving this market’s growth in the region. Moreover, the rising cases of obesity in the region will also contribute to the growth of this market until the end of 2020.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global cosmetic surgery market?
  • What are the key market trends impacting the growth of the global cosmetic surgery market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global cosmetic surgery market?
  • What are the market opportunities and threats faced by the vendors in the global cosmetic surgery market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global cosmetic surgery market?

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