The Global Cosmetic Surgery Market is projected to grow at a faster rate owning to the factors like increasing number of geriatric population and increased consciousness for attractive looks in the young generation.
Cosmetic surgery is an emerging clinical specialty field of scientific research which comprises all kind of medical procedures with a purpose to improve the physical appearance and personal satisfaction of being attractive including all minimally invasive or non-invasive cosmetic processes. The medical cosmetic surgeries have proved to be blessing for the medical welfare. Formerly when people were unable to remove deadly tumors overgrown body features and carcinogenic cells, or when the procedures used were painful.
The objective of cosmetic surgery is to enhance a person’s physical look, which leads to increased personal confidence and self-esteem for an individual. Cosmetic procedures include elective nonsurgical, surgical procedures or minimally intrusive surgical procedures that are carried out to enhance body structure. At the present time, people not only want to live the life at fullest but want to be healthy, reduce the effects of normal aging, and also wants to look fit and attractive as well. The cosmetic surgery focuses on liberating cosmetic appearance by applying the treatments for liver spots, cellulite, scars, skin discoloration, moles, excess fat, spider veins, unwanted hairs, and skin laxity. The cosmetic surgery is very optional treatment and are applied on individuals who does not suffer ailments.
Consciousness to look young and attractive propelling the global cosmetic surgery market growth
The global cosmetic surgery market is majorly driven by factors such as availability of minimally invasive procedures, effective cost, and easy accessibility of cosmetic products. Moreover, increasing number of geriatric people along with rising demand for looking young and attractive is another key factor for the global cosmetic surgery market. With the rising demand to look young, the anti-wrinkle products are anticipated to make a significant growth for the global market in the forecast period. The technological advancement in cosmetic and aesthetic surgeries have also fuelled the growth of global cosmetic surgery market. Some of the factors such as an increment in healthcare expenditure, lesser side effects, and better outcomes of surgeries are anticipated to drive the global cosmetic surgery market.
However, stringent regulatory approvals and high cost of surgeries are some of the factors hampering the global cosmetic surgery market. Moreover, high risks of side effects associated with cosmetic surgeries also hinder the growth of global plastic surgery market.
The global cosmetic surgery market is segmented on the basis of surgery procedure, and geography.
On the basis of Surgery Procedure, the global cosmetic surgery market is segmented into:
Geographically, the global cosmetic surgery market is segmented into North America, Europe, Asia pacific, Latin America, Middle East, and Africa.
North America dominates the market however Asia Pacific is making lucrative growth due to affordable treatments
In terms of geography, North America dominated the global cosmetic surgery market followed by Europe. The growth in this region is owing to awareness about cosmetic surgeries, & presence of skilled professionals, the growing demand to look young, and easy availability of commercialized cosmetic procedures in this region. Moreover, increasing aging population and high technological adoption rates of cosmetic products in these regions are the growth factors fuelling the cosmetic surgery market in these region.
Asia Pacific is expected to be the dominating region during the forecast period. This is majorly due to the growing demand for cosmeceutical treatments in India, China, Japan, and South Korea. The technological advances have made cosmetic treatment procedures easy, painless, and affordable. Moreover, increasing medical tourism and growing aesthetic awareness amongst the population in the region due to reasonable treatments and better healthcare infrastructure is further anticipated to propel the market growth in Asia Pacific region.