The cosmetic procedures market has been growing rapidly in recent years due to the increasing demand for cosmetic procedures and the growing acceptance of cosmetic surgery as a means of enhancing one’s appearance. Cosmetic procedures refer to a range of surgical and non-surgical procedures that are performed to enhance the physical appearance of an individual. These procedures include facial rejuvenation, body contouring, breast enhancement, hair restoration, and others.
Market Size:
According to Persistence Market Research, the global cosmetic procedures market is anticipated to witness significant market valuation and a robust growth rate during the period of assessment 2017-2025. The cosmetic procedures market has seen positive growth trend since 2012. In 2016, the global cosmetic procedures market was valued at US$ 27 Bn in 2016 and is estimated to reach US$ 51.6 Bn by the end of 2025.
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Market Segmentation:
The global cosmetic procedures market is segmented based on type, gender, and region.
Based on type, the market is segmented into surgical procedures and non-surgical procedures. Surgical procedures held the largest share of the market in 2020 due to the increasing demand for surgical procedures such as breast augmentation, liposuction, and facelifts.
Based on gender, the market is segmented into male and female. Females accounted for the largest share of the market in 2020 due to the increasing demand for cosmetic procedures such as breast augmentation, liposuction, and facelifts.
Regional Analysis:
The global cosmetic procedures market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America held the largest share of the market in 2020 due to the increasing demand for minimally invasive and non-invasive cosmetic procedures, the growing acceptance of cosmetic surgery, and the presence of major market players in the region. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing disposable income of individuals, the growing acceptance of cosmetic surgery, and the increasing demand for minimally invasive and non-invasive cosmetic procedures.
Key Players:
The global cosmetic procedures market is highly competitive, with the presence of several market players. Some of the key players in the market are Allergan, Inc., Galderma S.A., Merz Pharma GmbH & Co. KGaA, Cynosure, Inc., Cutera, Inc., Lumenis Ltd., Syneron Medical Ltd., Alma Lasers Ltd., and Johnson & Johnson.
Conclusion:
In conclusion, the global cosmetic procedures market is expected to grow at a significant rate during the forecast period due to the increasing demand for minimally invasive and non-invasive cosmetic procedures, the growing acceptance of cosmetic surgery, and the increasing disposable income of individuals. Surgical procedures and females are the major segments of the market. North America held the largest share of the market in 2020, while Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market is highly competitive, with the presence of several market players.