Cosmetic Surgery Market Global Growth, Share, Top Key Players and Forecast to 2026

The global cosmetic surgery market is likely to gain traction from the ever-increasing number of patients undergoing procedures, such as chin augmentation, breast reduction, and breast augmentation. The American Society for Aesthetic Plastic Surgery (ASAPS) declared that in 2018, breast reduction (18%) and chin augmentation (20%) were two of the most popular surgical procedures in the U.S. This information is given by Fortune Business Insights™ in a recent report, titled, “Cosmetic Surgery Market Size, Share & Industry Analysis, By Type (Surgical Procedures, and Non-Surgical Procedures), By Gender (Males, and Females), By End User (Spas & Cosmetic Surgery Centers, and Hospitals & Specialty Clinics), and Regional Forecast, 2019-2026.” The report further states that the cosmetic surgery market size was USD 50.67 billion in 2018 and is projected to reach USD 66.96 billion by 2026, exhibiting a CAGR of 3.6% during the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/cosmetic-surgery-market-102628

Rising Emphasis on Reduced Post-surgical Interventions to Propel Growth

The market consists of several prominent companies that are presently focusing on capitalizing their market share by delivering new instruments and products to the masses. Besides, the demand for unique products with reduced post-surgical interventions and adverse effects is aiding these companies in investing huge sums in research and development activities.

Furthermore, patients and healthcare providers are nowadays looking for state-of-the-art products. Coupled with this, the rising emphasis on removing the harmful effects of implants and other similar cosmetic procedures would contribute to the aesthetic surgery market growth in the near future. However, the emergence of non-licensed facilities worldwide may hamper the market growth.

Expansion of Medical Tourism to Favor Growth in Asia Pacific & Latin America

Geographically, the market is segregated into Latin America, Europe, the Middle East and Africa, North America, and Asia Pacific. Out of these, in 2018, North America generated USD 15.43 billion in terms of cosmetic surgery market revenue. This growth is attributable to the increasing number of surgical procedures performed in the U.S. The International Society of Aesthetic and Plastic Surgeons (ISAPS) stated that in 2018, approximately 4.3 million cosmetic procedures were performed in this country alone. It is combined with the rising per capita expenditure of the populaces in North America. Asia Pacific and Latin America are set to grow considerably in the forthcoming years fueled by the expansion of medical tourism in both these regions.

Published
Categorized as Healthcare

By Industry Research Reports

Our market studies encompass a multitude of factors such as market, economic and technological developments. They contain a detailed study on various market segments. Information thus included is obtained via extensive desk research and interviews with relevant stakeholders.

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