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Cosmetic Surgery and Procedure Devices Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Aug 2021
  • Pages: 127
  • SKU: IRTNTR44334
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The cosmetic surgery and procedure devices market share is expected to increase by USD 4.04 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 7.19%.

This cosmetic surgery and procedure devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cosmetic surgery and procedure devices market segmentations by type (non-surgical procedures and surgical procedures) and geography (North America, Europe, Asia, and ROW). The cosmetic surgery and procedure devices market report also offers information on several market vendors, including AbbVie Inc., Alma Lasers GmbH, Bausch Health Companies Inc., Cynosure Inc., Galderma SA, Hologic Inc., Merz Pharma GmbH and Co. KGaA, Sientra Inc., Symatese Group, and Westlake Dermatology PA among others.

What will the Cosmetic Surgery And Procedure Devices Market Size be During the Forecast Period?

Cosmetic Surgery and Procedure Devices Market Size

Download the Free Report Sample to Unlock the Cosmetic Surgery and Procedure Devices Market Size for the Forecast Period and Other Important Statistics

 

Cosmetic Surgery And Procedure Devices Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing incidence of medical conditions that require cosmetic procedures is notably driving the cosmetic surgery and procedure devices market growth, although factors such as high treatment costs of cosmetic surgeries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cosmetic surgery and procedure devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cosmetic Surgery And Procedure Devices Market Driver

One of the key factors driving the cosmetic surgery and procedure devices market growth is the growing incidence of medical conditions that require cosmetic procedures. In recent years, there has been an increasing adoption of cosmetic surgeries among individuals who suffer from medical conditions such as obesity in order to remove unwanted body fat and alter and improve body shape. The increasing incidence of obesity across the world has further led to growth in demand for surgical procedures such as liposuction. For instance, according to the CDC, approximately 93.3 million people in the US were obese during 2015-2016. Many people who are obese are opting for cosmetic surgeries such as liposuction for sustained weight loss, to improve or resolve obesity-associated co-morbidities, and to achieve a trim body and athletic looks. Moreover, currently, several market players such as ALLERGAN, Bausch Health, Galderma Laboratories, and Hologic Inc. are making efforts to launch improved and efficient cosmetic surgery products, which are safer and provide the best possible results. Such increasing efforts by vendors to create confidence among people to undergo cosmetic treatments will drive market growth.

Key Cosmetic Surgery And Procedure Devices Market Trend

Another key factor driving the cosmetic surgery and procedure devices market growth is the rising demand for aesthetic procedures. Anesthetic appearance is becoming increasingly important among individuals to maintain their self-esteem and confidence. Therefore, individuals are increasingly opting for cosmetic surgeries that are safe and provide a satisfactory outcome. Media platforms are also creating awareness of the benefits of cosmetic surgeries through celebrity promotions on social media, which, in turn, has increased the awareness of cosmetic procedures among people. Also, more people are opting for cosmetic surgeries to achieve a naturally beautiful look. For instance, in the US, during 2013-2017, the number of breast lift surgeries increased approximately by 16.90%, facelifts increased by 23.29%, Botox injection use increased by 14.39%, and chemical peels increased by 18.34%, indicating the growing demand for cosmetic surgeries. People from developed countries are traveling to emerging markets such as India, Brazil, Mexico, Malaysia, and South Korea for affordable cosmetic procedures. Therefore, growing awareness among the public about improving their appearance and the rise in the adoption of cosmetic surgery procedures will drive the global cosmetic surgery and procedure devices market.

Key Cosmetic Surgery And Procedure Devices Market Challenge

High treatment costs of cosmetic surgeries are few of the key challenges hindering the cosmetic surgery and procedure devices market growth. The high cost of cosmetic surgery, which includes the cost of advanced technologies that are used and other costs such as the surgeon's and anesthesiologist's fees, the cost of the surgical facility, and medication, further increase the overall cost of cosmetic surgery treatment. For instance, in the US, the average cost of a tummy tuck is $7,500; liposuction is $2,750; lower or upper body lift is $7,000; a full-body lift is $30,000; an arm lift is $3,750; buttocks lift is $6,000; and a thigh lift is $6,000. Although in the US, insurance policies such as Medicare and Medicaid cover major breast reconstruction procedures, many people are unable to avail of these benefits as the insurance coverage varies from state to state. Also, the coverage for such procedures is based on the insurance plan. For instance, Medicare covers the complete breast reconstruction procedure, while in Medicaid, the coverage varies from state to state in the US. Thus, the high costs of cosmetic surgery make it unaffordable for many people, thereby hindering the growth of the market.

This cosmetic surgery and procedure devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cosmetic surgery and procedure devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cosmetic surgery and procedure devices market during the forecast period.

Who are the Major Cosmetic Surgery And Procedure Devices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AbbVie Inc.
  • Alma Lasers GmbH
  • Bausch Health Companies Inc.
  • Cynosure Inc.
  • Galderma SA
  • Hologic Inc.
  • Merz Pharma GmbH and Co. KGaA
  • Sientra Inc.
  • Symatese Group
  • Westlake Dermatology PA

 

This statistical study of the cosmetic surgery and procedure devices market encompasses successful business strategies deployed by the key vendors. The cosmetic surgery and procedure devices market is fragmented and the vendors are deploying growth strategies such as forming strategic alliances for the marketing or manufacturing of cosmetic surgery and procedure devices to compete in the market.

Product Insights and News

  • AbbVie Inc.- The company offers products in Immunology, Neuroscience, Oncology, Virology, Gastroenterology and other speciality areas.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cosmetic surgery and procedure devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cosmetic Surgery And Procedure Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cosmetic surgery and procedure devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Cosmetic Surgery And Procedure Devices Market?

Cosmetic Surgery and Procedure Devices Market Market segmentation by region

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33% of the market's growth will originate from ROW during the forecast period. Brazil is the key market for cosmetic surgery and procedure devices in ROW. Market growth in this region will be slower than the growth of the market in Asia regions.

North America is another significant revenue contributor to the global cosmetic surgery and procedure devices market, with the US being the leading country. The presence of several vendors that offer products for cosmetic surgical and non-surgical procedures in the US is one of the key factors driving the growth of the cosmetic surgery and procedure devices market in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 impacted the demand for cosmetic surgery and procedure devices negatively, as the supply chain network for cosmetic surgery and procedure devices came to a halt. This declined the sales of cosmetic surgery and procedure devices in the region and interrupted the manufacturing of cosmetic surgery and procedure devices. Such factors restrained the growth of the cosmetic surgery and procedure devices market in North America in 2020. The rising number of deaths due to COVID-19 has led to a lockdown in several countries such as the US, Canada, and Mexico.During the COVID-19 pandemic, the cosmetic surgery and procedure devices market in North America saw a decline in 2020. Many people lost jobs or had to stay at home to take care of families. However, after the easing of COVID-19-induced lockdowns, the market started growing as people sought elective procedures, including cosmetic surgery procedures. According to the American Society of Plastic Surgeons, more than 15.5 million cosmetics procedures and 4.4 injectable facial treatments were performed in the US in 2020 alone. The market is expected to grow during the forecast period with the lifting of lockdowns and increasing administration of COVID-19 vaccines.

What are the Revenue-generating Type Segments in the Cosmetic Surgery And Procedure Devices Market?

Cosmetic Surgery and Procedure Devices Market Segmentation

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The cosmetic surgery and procedure devices market share growth by the non-surgical procedure will be significant during the forecast period. Non-surgical procedures include products such as injectables, dermal fillers, skin rejuvenation products, and products for cellulite treatment, hair removal, and non-surgical fat reduction. Non-surgical and minimally invasive procedures are increasingly gaining popularity among people, as these procedures cause less damage to the body when compared with conventional invasive procedures.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the cosmetic surgery and procedure devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Cosmetic Surgery And Procedure Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 7.19%

Market growth 2021-2025

$ 4.04 billion

Market structure

Fragmented

YoY growth (%)

7.65

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

ROW at 33%

Key consumer countries

US, Brazil, Japan, Mexico, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AbbVie Inc., Alma Lasers GmbH, Bausch Health Companies Inc., Cynosure Inc., Galderma SA, Hologic Inc., Merz Pharma GmbH and Co. KGaA, Sientra Inc., Symatese Group, and Westlake Dermatology PA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Cosmetic Surgery And Procedure Devices Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cosmetic surgery and procedure devices market growth during the next five years
  • Precise estimation of the cosmetic surgery and procedure devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cosmetic surgery and procedure devices industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cosmetic surgery and procedure devices market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Healthcare equipment

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Non-surgical procedures - Market size and forecast 2020-2025
      • Exhibit 17: Non-surgical procedures - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Non-surgical procedures - Year-over-year growth 2020-2025 (%)
    • 5.4 Surgical procedures - Market size and forecast 2020-2025
      • Exhibit 19: Surgical procedures - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Surgical procedures - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 22: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 Asia - Market size and forecast 2020-2025
      • Exhibit 29: Asia - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Asia - Year-over-year growth 2020-2025 (%)
    • 7.6 ROW - Market size and forecast 2020-2025
      • Exhibit 31: ROW - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: ROW - Year-over-year growth 2020-2025 (%)
    • 7.7 Key leading countries
      • Exhibit 33: Key leading countries
    • 7.8 Market opportunity by geography
      • Exhibit 34: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 35: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 36: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 37: Landscape disruption
          • Exhibit 38: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 39: Vendors covered
        • 10.2 Market positioning of vendors
          • 10.3 AbbVie Inc.
            • Exhibit 41: AbbVie Inc. - Overview
            • Exhibit 42: AbbVie Inc. - Product and service
            • Exhibit 43: AbbVie Inc. - Key offerings
          • 10.4 Alma Lasers GmbH
            • Exhibit 44: Alma Lasers GmbH - Overview
            • Exhibit 45: Alma Lasers GmbH - Product and service
            • Exhibit 46: Alma Lasers GmbH - Key news
            • Exhibit 47: Alma Lasers GmbH - Key offerings
          • 10.5 Bausch Health Companies Inc.
            • Exhibit 48: Bausch Health Companies Inc. - Overview
            • Exhibit 49: Bausch Health Companies Inc. - Business segments
            • Exhibit 50: Bausch Health Companies Inc. - Key offerings
            • Exhibit 51: Bausch Health Companies Inc. - Segment focus
          • 10.6 Cynosure Inc.
            • Exhibit 52: Cynosure Inc. - Overview
            • Exhibit 53: Cynosure Inc. - Product and service
            • Exhibit 54: Cynosure Inc. - Key offerings
          • 10.7 Galderma SA
            • Exhibit 55: Galderma SA - Overview
            • Exhibit 56: Galderma SA - Product and service
            • Exhibit 57: Galderma SA - Key offerings
          • 10.8 Hologic Inc.
            • Exhibit 58: Hologic Inc. - Overview
            • Exhibit 59: Hologic Inc. - Business segments
            • Exhibit 60: Hologic Inc. - Key offerings
            • Exhibit 61: Hologic Inc. - Segment focus
          • 10.9 Merz Pharma GmbH and Co. KGaA
            • Exhibit 62: Merz Pharma GmbH and Co. KGaA - Overview
            • Exhibit 63: Merz Pharma GmbH and Co. KGaA - Product and service
            • Exhibit 64: Merz Pharma GmbH and Co. KGaA - Key offerings
          • 10.10 Sientra Inc.
            • Exhibit 65: Sientra Inc. - Overview
            • Exhibit 66: Sientra Inc. - Business segments
            • Exhibit 67: Sientra Inc. - Key offerings
            • Exhibit 68: Sientra Inc. - Segment focus
          • 10.11 Symatese Group
            • Exhibit 69: Symatese Group - Overview
            • Exhibit 70: Symatese Group - Product and service
            • Exhibit 71: Symatese Group - Key offerings
          • 10.12 Westlake Dermatology PA
            • Exhibit 72: Westlake Dermatology PA - Overview
            • Exhibit 73: Westlake Dermatology PA - Product and service
            • Exhibit 74: Westlake Dermatology PA - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 75: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 76: Research Methodology
              • Exhibit 77: Validation techniques employed for market sizing
              • Exhibit 78: Information sources
            • 11.4 List of abbreviations
              • Exhibit 79: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Cosmetic Surgery and Procedure Devices Market market growth will increase by $4.04 bn during 2021-2025.
            The cosmetic surgery and procedure devices market market is expected to grow at a CAGR of 7.19% during 2021-2025.
            Technavio has segmented the cosmetic surgery and procedure devices market market by type (Non-surgical procedures and Surgical procedures) and geography (North America, Europe, Asia, and ROW).
            AbbVie Inc., Alma Lasers GmbH, Bausch Health Companies Inc., Cynosure Inc., Galderma SA, Hologic Inc., Merz Pharma GmbH and Co. KGaA, Sientra Inc., Symatese Group, Westlake Dermatology PA are a few of the key vendors in the cosmetic surgery and procedure devices market market.
            ROW will register the highest growth rate of 33% among the other regions. Therefore, the cosmetic surgery and procedure devices market market in ROW is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the cosmetic surgery and procedure devices market market growth are:
            • growing incidence of medical conditions that require cosmetic procedures
            • Technological advances
            The cosmetic surgery and procedure devices market market vendors should focus on grabbing business opportunities from the non-surgical procedures segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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