Cosmetic Surgery Market: Key Insights
The cosmetic surgery market is rapidly growing, owing to increasing demand for aesthetic enhancements and a growing acceptance of cosmetic procedures. Technology advancements have also made many procedures less invasive and more affordable, further fueling market growth.
Cosmetic surgery has several advantages, including improved physical appearance, increased self-confidence, and a boost in self-esteem. It can also help address certain medical conditions, such as correcting a deviated septum to improve breathing or reducing the size of overly large breasts to alleviate back pain. Additionally, many procedures are now less invasive, have shorter recovery times, and have fewer complications than in the past, making them more accessible to a wider range of people.
Growing Geriatric Population to Drive Cosmetic Surgery Market
The aging population is a major factor driving the cosmetic surgery market growth. People are increasingly seeking ways to maintain a youthful appearance and improve their self-confidence as they live longer and healthier lives. Additionally, as the baby boomer generation reaches retirement age, they have more disposable income to spend on cosmetic procedures, further fueling the market growth.
The senior population also has different needs than younger people regarding cosmetic surgery. They may require procedures that address the specific signs of aging, such as facelifts, eyelid lifts, and brow lifts. They may also be more interested in non-invasive procedures such as dermal fillers and Botox injections, which can provide a more subtle, natural-looking result. This demographic is also more likely to be interested in procedures that address age-related medical conditions such as skin laxity, wrinkles, and age-related volume loss. Thus, the growing geriatric population is helping to drive growth in the cosmetic surgery market by increasing demand for surgical and non-surgical procedures.
Cosmetic Surgery Market: Segmental Overview
The global cosmetic surgery market is segmented based on products and procedures. Based on products, the cosmetic surgery market is segmented into implants, equipment, and injectables. Based on procedures, the cosmetic surgery market is segmented into invasive and non-invasive.
Based on products, the implants segment held the substantial share of the global cosmetic surgery market.
Implant-based procedures, such as breast augmentation, rhinoplasty, and buttock augmentation, are some of the most popular cosmetic surgeries performed worldwide. The breast augmentation procedure is the most common implant-based cosmetic surgery performed worldwide. Due to the increasing demand for breast augmentation and the introduction of new implant types and surgical techniques, the breast augmentation market is expected to continue growing. Also, the introduction of new implant materials, such as silicone gel, has improved safety, durability, and natural-looking results, further increasing the popularity of breast augmentation.
Additionally, the growing popularity of non-surgical treatments, such as dermal fillers, has helped boost the demand for implant-based procedures. Many who choose non-surgical procedures may eventually opt for implant-based procedures for more dramatic and long-lasting results. Thus, the implant segment is helping to drive growth in the cosmetic surgery market by increasing the demand for implant-based procedures and creating new opportunities for innovation
Cosmetic Surgery Market: Competitive Landscape and Key Developments
Evolus, Inc., Cynosure, Revance Therapeutics, Inc., Galderma S.A., Alma Lasers, AbbVie, Solta Medical, Lumenis, Candela Corporation, Beijing Sanhe Beauty S & T Co., Ltd. are among the key players operating in the cosmetic surgery market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve many customers and expand the market
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