Journal of Aesthetic & Reconstructive Surgery

Market Analysis

Plastic Surgery is a field of medicinal science related to revising the frame and capacity of a body part. Numerous distortions and practical lacks can be halfway or totally disposed of with the assistance of this science. The Greek word "Plastikos" has the beginning of this methodology which implies fit to form. Plastic medical procedure is a field which is developing at a quick pace due to the request and tendency of individuals from rising nations. Increasing self-assurance is presumably a standout amongst the most essential focal points a man can pick up from the plastic medical procedure. The market of the plastic medicinal methodology relies upon both cautious and non-cautious technique. The medical procedure consolidates liposuction, chest increment; eye spread medicinal strategy and others. Non-surgery incorporates hair expulsion, facial restoration, skin revival and other.

The Global Cosmetic Surgery and Services Market is relied upon to achieve USD 39,842.8 million by 2025, from USD 23,715.6 million out of 2017, developing at a CAGR of 6.7% amid the gauge time of 2018 to 2025. The up and coming business sector report contains information for notable years 2016, the base year of computation is 2017 and the conjecture time frame is 2018 to 2025. As per the yearly plastic medical procedure procedural insights, there were 15.9 million careful and insignificantly invasive cosmetic systems performed in the United States in 2015, a 2 percept increment more than 2014. The numbers are rising quite a long time for patients going under the blade. The advancement of corrective medical procedure has supported reconstructive medical procedure. The worldwide market for plastic medical procedure and stylish medical procedure is relied upon to be stretch around $43.9 billion by 2025. The 2019-2024 Outlook for Beauty Devices in the United States uncovers the potential business income of Face Rejuvenation are given over somewhere in the range of 12,600 in urban areas in the United States.

Innovative advancements, developing utilization of internet based life, and expanding discretionary cash flow are a portion of the components prone to drive the market amid the gauge time frame. The generous increment in the volume of Plastic medical procedure methodology can be credited to the prominence of advanced photography, rising interest by customers to help confidence, presentation of self-observing applications, and expanding reasonableness of restorative medical procedures in creating nations. Besides, hazard related with Plastic medical procedure has diminished because of mechanical advancements and nearness of talented specialists.

As far as geographic, North America and Europe overwhelms the worldwide plastic medical procedure showcase. The U.S. speaks to the biggest market for plastic medical procedure taken after by Canada in North America. In Europe, France, Germany, Italy, Spain and the U.K. holds real offer of plastic medical procedure showcase. Asia is required to demonstrate high development rates in the following 5 years in worldwide plastic medical procedure showcase because of expanding mindfulness about plastic medical procedure systems and developing the restorative tourism industry. China and India are required to be the quickest developing plastic medical procedure advertises in Asia.

The Plastic medical procedure and technique industry in Asia- Pacific is relied upon to observe the speediest development throughout the following decade attributable to the developing medicinal tourism, enhancing human services framework, and accessibility of excellent administrations. Individuals from created nations travel to India, Brazil, Mexico, Malaysia, and South Korea for reasonable restorative systems. Subsequently, the market is relied upon to see solid development in creating nations.

Global Cosmetic Surgery Market size is projected to reach USD 21.97 billion and would grow at a CAGR of approximately 7.8% throughout the forecast period (2017-2023). Also, peer pressure for appearance and changing dimensions of beauty are key factors influencing the growth of the market.

Cosmetic surgery market share is anticipated to witness significant growth due to rising safety margins, growing obesity, accidents and increasing numbers of cosmetic surgery hospitals. The growth of the tourism industry and the formation of tourism clusters such as Miami, Bangkok, etc. has expanded introduction to restorative medical procedures as well as made a high point interest for these medical procedures. There has been a rising trend of cosmetic surgeries with a hefty 40% growth with men.

The cosmetic surgery market is an ever-increasing space. Advances in technology and the development of advanced materials such as silicone implants etc. are fueling the growth of the market. Moreover, social and cultural factors such as the influence of media, fashion & film industry, and social networking apps such as Snapchat and Instagram escalate the market on the global platform.

On the other hand, non-essential nature of cosmetic surgery and social taboos against violation of body parts, alongside the high cost associated with these surgeries are some of the key factors impeding the growth of the market. Nevertheless, economic factors such as increasing per-capita income and falling cost of cosmetic surgeries, etc. are expected to support market growth over the years to come.

Global Cosmetic Surgery Market Competitive Analysis:

Leading players operating in the global cosmetic surgery market, include Valeant Pharmaceuticals International, Johnson & Johnson, Cutera, Inc., Allergan, Inc., Syneron Medical Ltd., and Genesis Biosystems, Inc., among others.

Highly competitive, the global cosmetic surgery market appears to be fragmented, characterized by the presence of several wellestablished players. In order to gain a competitive advantage in this market, these players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology launch.

Global Cosmetic Surgery Market Segments:

The global cosmetic surgery market is segmented by surgery type includes

• Liposuction

• Facial Reconstruction

• Eyelid & Nose Surgery

• Body Contouring (tummy tuck, breast lift, others)

• Cosmetic Implants (chin & cheek implants, breast augmentation, buttock implants)

• others

Global Cosmetic Surgery Market Regional Analysis:

Global Cosmetic surgery market segmented into four regions

• Asia Pacific

• North America

• Europe

• Rest-of-the-World

North America leads with the biggest corrective medical procedure piece of the pie.. The region is expected to witness a continuous increase in the size of the market in the coming years. Well-spread awareness and the growing acceptability of cosmetic surgery are key driving forces behind the growth of the market. Moreover, rapid advancements in related technologies such as advanced silicone and polymer implants are driving the cosmetic surgery market in the region.

European area represents the second-biggest restorative medical procedure piece of the overall industry. Increasing economy and the rising numbers of enthusiasts are some of the major factors fostering the regional market growth. Besides, increasing pool of awareness and advancement in medical technology are positively impacting the growth of the cosmetic surgery market in the region.

The Asia Pacific cosmetic surgery market is rapidly emerging as a profitable market. There is a definite shift in the cosmetic surgery market to the APAC with the most active part played by the tourism industry. Moreover, improving economic conditions is a crucial factor supporting the growth of the cosmetic surgery market in the region, increasing consumer purchasing power. India, China, alongside, some of the Southeast Asian countries such as Vietnam, Thailand, and Malaysia, contribute to the regional market growth, significantly.

Asia is witnessing an increase in the number of individuals opting for cosmetic surgical procedures to improve their appearance and obtain a natural look. The high disposable income and social influences on the idea of beauty are increasing the demand for cosmetic surgeries in this region.

33% of the market’s growth will originate from Asia during the forecast period. Japan and South Korea are the key markets for cosmetic surgery in Asia. Market growth in this region will be faster than the growth of the market in other geographies.

• EuroSciCon Conference on Plastic Surgery

  May 4-5, 2020

  Stockholm, Sweden