Global Cosmetic Surgery Market 2019-2023
About this market
The increasing adoption of cosmetic surgeries among individuals who suffer from medical condition such as obesity in order to remove unwanted body fat and alter and improve the body shape. People with body parts that have unwanted fat, diet-resistant fat, and exercise-resistant fat are opting for cosmetic surgeries. The increasing incidence of obesity across the world has further led to growth in demand for surgical procedures such as liposuction. Many people who are obese are opting for cosmetic surgeries such as liposuction for sustained weight loss, to improve or resolve obesity-associated co-morbidities, and to achieve a trim body and athletic looks. The increased adoption of cosmetic procedures by people suffering from medical conditions such as obesity with the aim of improving their body contours and proportion has contributed to the significant growth of the global cosmetic surgery market. Such increasing efforts by vendors to create confidence among people to undergo cosmetic treatments will drive market growth. Technavio’s analysts have predicted that the cosmetic surgery market will register a CAGR of over 7% by 2023.
Increasing demand for minimally invasive and non-invasive cosmetic surgeries
Minimal invasive and non-invasive alternatives have been increasingly gaining popularity in cosmetic surgery. Minimally invasive cosmetic surgery involves the use of techniques that cause less damage to the body when compared with conventional procedures such as open surgeries.
Risk of complications during cosmetic implant procedures
Cosmetic implant surgery involves potential risks that can lead to complications and result in an outcome that is contrary to the intended purpose. A major risk associated with cosmetic surgeries includes issues related to general anesthesia, which could result in a reaction that can be fatal, lead to bleeding, infection, and blood clots or cause fatal cardiovascular complications, such as a heart attack, deep vein thrombosis or a stroke.
For the detailed list of factors that will drive and challenge the growth of the cosmetic surgery market during the 2019-2023, view our report.
The market appears to be fairly concentrated and with the presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Cosmetic Surgery Market 2019-2023
Technavio recognizes the following companies as the key players in the global cosmetic surgery market: ALLERGAN, Bausch Health, Galderma laboratories, Hologic Inc., Merz Pharma.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing number of hospitals and surgeons specializing in cosmetic surgery.”
According to the report, one of the major drivers for this market is the increasing number of reconstructive surgeries performed on people who require such procedures.
Further, the report states that one of the major factors hindering the growth of this market is the regulatory bodies implementing, stringent regulations for cosmetic implants, their manufacturers are finding it difficult to obtain approval for their products.
and Merz Pharma
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