The Plastic Surgery Market is slated to grow on a stellar note going forward. The current situation is that digitization, which has the capacity of changing the dynamics of any vertical, has made a beeline to the healthcare vertical. The world out there no more depends on references for choosing healthcare services but goes for 360-degree research before arriving at the final decision. This would be the digitized healthcare vertical in the future.
In terms of geographic, North America and Europe dominates the global plastic surgery market. This is due to rising aging population and high adoption rates of aesthetic products in these regions. The U.S. represents the largest market for plastic surgery followed by Canada in North America. In Europe, France, Germany, Italy, Spain and the U.K. holds major share of plastic surgery market.
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However, Asia is expected to show high growth rates in the next five years in global plastic surgery market due to increasing awareness about plastic surgery procedures and growing medical tourism industry. China and India are expected to be the fastest growing plastic surgery markets in Asia.
In recent time, rising number of geriatric people along with growing demand for retaining young and beauty is key driver for the global plastic surgery market. In addition, technological advancement in surgeries and rising number of obese and over-weight people have also fueled the growth of global plastic surgery market.
However, high cost of surgeries and stringent regulatory approvals are some of the major restraints for the global plastic surgery market. In addition, high risks of adverse effects associated with surgeries also obstruct the growth of global plastic surgery market. Increasing usage of plastic surgery biomaterials develops opportunity for the market.
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Some of the major companies operating in the global plastic surgery market are Allergan, Inc., BioForm Medical, Inc., Solta Medical, Candela Corporation, Lumenis and Cynosure.
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