LONDON, June 08, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the cosmetic surgery market, the growing number of cosmetic surgery hospitals are driving the growth of the cosmetic surgery market. Cosmetic surgery is performed to improve a person’s appearance by repairing damaged areas of skin and removing wrinkles or blemishes. Growing social and cultural influences such as the media, fashion and the film industry, peer pressure for appearance and attractiveness, and changing dimensions of beauty have increased the number of cosmetic surgery hospitals in the whole world. For example, in 2020, according to the American Society of Plastic Surgeons, an organization specializing in plastic surgery, $16.7 billion was spent on cosmetic procedures in the United States. A total of 15.6 million cosmetic procedures were performed, of which 2.3 million were cosmetic surgeries. , and 13.2 million were minimally invasive procedures, while 6.8 million included reconstructive procedures. The growing popularity of cosmetic surgery has increased the number of hospitals, freestanding outpatient surgical facilities, and offices to perform cosmetic surgery procedures.
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Global Cosmetic Surgery Market Share Expected to Increase from $39.01 billion in 2021 to $40.67 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The growth of the global cosmetic surgery market is expected to reach $48.84 billion in 2026 at CAGR of 4.7%.
Botulinum toxin is a key trend gaining popularity in the cosmetic surgery market. The growing demand for cosmetic surgeries and minimally invasive procedures has increased over the past few years. Botulinum toxin injections, also known as Botox, are used to improve appearance by relaxing the muscles that cause wrinkles. These injections are also used to treat medical conditions such as eye problems, migraines, hyperhidrosis, and overactive bladder. For example, in 2021, a study by the American Society of Plastic Surgeons found that Botox injections became the most popular non-invasive cosmetic procedure in 2020, with 4.4 million procedures performed in 2019.
The major players in the cosmetic surgery market are AbbVie, Cynosure, Alma Laser, Bausch Health Companies Inc., Galderma SA, Merz Pharma GmbH & Co. KGaA, Evolus Inc., RevanceGalderma, Lumenis, Solta Medical, Syneron Candela, Sinclair Pharma PLC, Syneron, Teoxane Laboratories, Vital Esthetique, Polytech Health & Aesthetics GmbH, GC Aesthetics, HansBiomed Co. Ltd.
TBRC’s global cosmetic surgery industry analysis is segmented by procedure type into surgical procedures, non-surgical procedures, other; by supplier in spas and cosmetic surgery centers, hospitals and specialized clinics; by sex into male, female; by application in liposuction, eyelid and nose surgery, body contouring, facial reconstruction, cosmetic implants, others; by the end user in hospitals, surgical centers, etc.
North America was the greater region in the cosmetic surgery market in 2021 and is expected to be the fastest growing region in the global cosmetic surgery market over the forecast period. Regions covered in the global cosmetic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Global Cosmetic Surgery Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the cosmetic surgery market, analyze the cosmetic surgery market and forecast market size and growth for the overall market, cosmetic surgery market segments and geographies, cosmetic surgery market trends, cosmetic surgery market drivers, market restraints of cosmetic surgery, revenues, profiles and market shares of the main cosmetic surgery market competitors in more than 1000 industry reports, covering more than 2500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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