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The Global Cosmetic Surgery and Procedure Devices Market size is estimated to grow by USD 6,731.55 million between 2022 and 2027 accelerating at a CAGR of 9.74%.
This cosmetic surgery and procedure devices market report extensively covers market segmentation by type (non-surgical procedures and surgical procedures), gender (female and male), and geography (North America, Europe, Asia, and Rest of World). It also includes an in-depth analysis of drivers, trends, and challenges.
Cosmetic surgeries are becoming increasingly popular among people with medical conditions such as obesity, who seek to remove unwanted body fat and improve body shape. The rising incidence of obesity worldwide has led to an increase in demand for surgical procedures like liposuction. Many people opt for liposuction to achieve sustained weight loss, improve or resolve obesity-related complications, and obtain a trim body and athletic look. Liposuction is the most popular treatment, involving the removal of excess fat through a cannula. The increased adoption of cosmetic procedures by people with medical conditions such as obesity has contributed to the growth of the global cosmetic surgery and procedure devices market. Companies like ALLERGAN, Bausch Health, Galderma Laboratories, and Hologic Inc. are launching improved and efficient cosmetic surgery products. Vendors' efforts to build confidence in people to undergo cosmetic treatments will drive market growth.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Minimally invasive and non-invasive cosmetic surgery procedures are becoming more popular. Compared to traditional open surgeries, minimally invasive techniques cause less damage to the body and involve the use of specialized instruments to create tiny openings. These techniques are commonly used in breast augmentation and body contouring, while advanced laser technologies are employed for facial procedures. In the US, the majority of minimally invasive cosmetic procedures involve Botox injections, soft tissue fillers, chemical peels, laser hair removal, and microdermabrasion. The less pain, shorter hospital stays, and long-term success rates make minimally invasive options appealing, fueling market growth. Key vendors in this field include Cutera, Galderma Laboratories, and Merz Pharma. These companies offer innovative products such as Bausch Health's VASERlipo and Galderma's Restylane to meet the demand for minimally invasive procedures.
The rise in demand for cosmetic procedures globally has led to an increase in the number of cosmetic surgeons and hospitals specializing in cosmetic surgery. The popularity of minimally invasive cosmetic surgeries has surpassed traditional surgical procedures, with a 6.32% increase in the total number of cosmetic surgeries in the US in 2017. This growth is attributed to better educational and training courses in cosmetic surgery offered by academic institutions like the Australasian College of Cosmetic Surgery, as well as specialized courses on cosmetic implants by institutions like the California and New York Implant Institutes. Top universities such as Stanford, Johns Hopkins, Harvard, and Yale also offer cosmetic surgery programs, resulting in more students graduating in the field and becoming cosmetic surgeons. Additionally, hospitals worldwide are now specializing in cosmetic surgery, which is contributing to the growth of the global cosmetic surgery and procedure devices market.
Cosmetic implant surgery carries risks that may lead to complications and undesirable outcomes. These include issues with anesthesia, bleeding, infection, scarring, nerve damage, implant migration, and poor cosmetic results. Breast reconstruction using implants can lead to complications such as implant hardening, wrinkling, asymmetry, pain, infection, and rupture. Furthermore, buttocks and chest implant surgeries can result in visible scarring. Patients may also experience early or late implant rejection, which can lead to implant removal and hinder the growth of the global cosmetic surgery market.
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The market share growth by the non-surgical procedures segment 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.
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The non-surgical procedures segment shows a gradual increase in the market share of USD 4,983.96 million in 2017 and continued to grow until 2021. Non-invasive surgeries involve the use of specially designed surgical instruments by the surgeon, who performs the surgical procedure by making several tiny openings. Such procedures do not need any large incisions. Increasing benefits of non-surgical procedures, including minimal downtime, faster recovery, elimination of scars post-surgery, lower costs, and reduced risks of complications, have led to their increased demand. Thus, the increased demand and adoption of non-surgical procedures, in turn, increases the need for non-surgical products among end-users, such as hospitals and clinics, thereby boosting the cosmetic surgery market growth.
Rest of World (ROW) is estimated to contribute 26% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2022, North America was the largest 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. The strong presence of such vendors of cosmetic surgery products and devices, both for surgical and non-surgical cosmetic procedures, ensures the availability of a wide range of products, which, in turn, is expected to fuel the growth of the cosmetic surgery market in the US during the forecast period.
The US is followed by Canada in terms of revenue contribution to the market in the region. Canada also is witnessing an increase in the number of vendors offering cosmetic surgery products. The presence of organizations such as The Canadian Society of Plastic Surgeons, which promote cosmetic surgeries and reconstruction surgeries while launching new technologies and techniques in Canada, has led to increased awareness of cosmetic surgeries in the country. Such increased awareness will encourage more people to opt for cosmetic surgeries to enhance their appearance, thereby increasing the demand for cosmetic surgery and procedure devices in the country.
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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. 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. Therefore, it is estimated that the cosmetic surgery market will grow during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Cosmetic Surgery And Procedure Devices Market. One of the major vendor in the market include:
Bausch Health Co Inc. - The company operates under multiple segments including Bausch Lomb International, and Salix among others, with a high focus on Bausch Lomb International. The company under this segment?offers pharmaceutical products, OTC products, medical devices, vision care, eye surgery, and other ophthalmic products. The company's key offerings include cosmetic surgery and procedure devices.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Cosmetic Surgery And Procedure Devices Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.74% |
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Market growth 2023-2027 |
USD 6,731.55 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
8.71 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
Rest of World (ROW) at 26% |
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Key countries |
US, Brazil, Turkey, Germany, and Japan |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AbbVie Inc., Alma Lasers GmbH, Bausch Health Co Inc., Chadda Surgicals, Conmed Corp., Cutera Inc., Cynosure LLC, Fotona d.o.o, Galderma SA, Genesis Biosystems Inc., Henry Schein Inc., Hologic Inc., Lipoelastic AS, Lumenis Be Ltd, Merz Pharma GmbH and Co KGaA, Sciton Inc., Sientra Inc., Symatese, The Cleveland Clinic Foundation, and Westlake Dermatology PA |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Gender
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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