The global cosmetic surgery market is anticipated to grow at a significant CAGR during the forecast period. The popularity of cosmetic surgery is increasing rapidly in recent times. As per the American Society of Plastic Surgeon report in 2018, around 17.7 million cosmetic procedures were performed in the US alone. The cosmetic surgery procedure was popular in both the genders, in females as well as males. For instance, as per the American Society of Plastic Surgeon, several of the popular cosmetic surgery in males in the US include Brest reduction (Gynecomastia), Eyelid surgery (Blepharoplasty), Lip augmentation (other than injectable materials), and Tummy tuck (Abdominoplasty).
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Additionally, factors such as increasing incidences of accidents across the globe are driving the cosmetic surgery market. According to the World Health Organization, about 50 million people get injured every year in road accidents. The road accident results in increased demand for cosmetic procedures such as facial reconstruction. Additionally, the rising disposable income in developing economies such as India, China, Philippines will also drive the growth of the cosmetic surgery market during the forecast period. However, the limited awareness of cosmetic surgery coupled with high cost will restrict the cosmetic surgery industry growth.
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Cosmetic Surgery Market Segmentation
By Surgery Type
· Liposuction
· Facial Reconstruction
· Eyelid & Nose Surgery
· Body Contouring
· Cosmetic Implants
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
