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Cosmetic Surgery Market to Reach $201.0 Billion by 2031, Claims Allied Market Research

·4 min read
Allied Market Research
Allied Market Research

Rise in prevalence of cosmetic surgical procedures, increase in demand for aesthetic procedure, and surge in technological advancement in healthcare sector drive the growth of the global cosmetic surgery market. During the Covid-19 pandemic, non-elective procedures were postponed or cancelled due to focus on taking care of rise in number of Covid-19 infected patients in hospitals.

Portland, OR, June 20, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cosmetic surgery market generated $67.3 billion in 2021, and is expected to reach $201.0 billion by 2031, witnessing a CAGR of 11.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Rise in prevalence of cosmetic surgical procedures, increase in demand for aesthetic procedure, and surge in technological advancement in healthcare sector drive the growth of the global cosmetic surgery market. However, side effects related to cosmetic surgeries and high cost of cosmetic surgical procedures restrain the market growth. On the other hand, rise in awareness about the skin treatment and surge the demand for cosmetic surgical procedure create new opportunities in the coming years.

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Impact of Covid-19 on Cosmetic Surgery Market:

  • During the Covid-19 pandemic, non-elective procedures were postponed or cancelled due to focus on taking care of rise in number of Covid-19 infected patients in hospitals. Moreover, hospital staff and many resources were shifted to Covid wards.

  • As per the statistics published by the European Journal of Plastic surgery, the total number of surgeries reduced by 23.5% in June 2021, following the COVID-19 outbreak. This, in turn, impacted the cosmetic surgery market growth.

COVID-19 impact analysis on the Cosmetic Surgery Market- https://www.alliedmarketresearch.com/request-for-customization/16865?reqfor=covid

The report offers detailed segmentation of the global cosmetic surgery market based on procedure, gender, age group, provider, and region.

Based on gender, the female segment accounted for the highest share in 2021, contributing to more than 90% of the total market share, and is estimated to continue its lead position during the forecast period. Moreover, this segment is projected to manifest the highest CAGR of 11.7% from 2022 to 2031. The report also analyzes the male segment.

Based on age group, the 30 to 54 segment held the largest share in 2021, accounting for more than three-fifths of the global cosmetic surgery market, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is expected to register the largest CAGR of 12.0% during the forecast period.

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Based on region, North America contributed to the highest share in 2021, holding nearly two-fifths of the total market share, and is expected to continue its dominant share by 2031. However, Asia-Pacific is projected to portray the fastest CAGR of 12.7% during the forecast period.

Leading players of the global cosmetic surgery market analyzed in the research include AbbVie Inc., Candela Syneron, Bausch Health Companies Inc., Galderma SA, Cynosure Technologies, Merz Pharma GmbH & Co. KGaA, Johnson and Johnson, Sinclair Pharma, Sientra Inc., and Teoxane Laboratories.

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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