Cosmetic surgery and procedure devices market size to grow by USD 6,731.55 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

2022-12-20 16:43:42 By : Ms. Boiler Taiguo

NEW YORK , Dec. 19, 2022 /PRNewswire/ -- Technavio categorizes the global cosmetic surgery and procedure devices market as a part of the global healthcare equipment market, which covers products and companies engaged in R&D of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. The global cosmetic surgery and procedure devices market size is estimated to increase by USD 6,731.55 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 9.74%.

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Global cosmetic surgery and procedure devices market – Vendor analysis

AbbVie Inc. - The company offers cosmetic surgery and procedure devices such as botox and duopa.

Alma Lasers GmbH - The company offers cosmetic surgery and procedure devices such as Soprano Titanium, Soprano ICE Platinum, and Alma Hybrid.

Bausch Health Co Inc. - The company offers cosmetic surgery and procedure devices such as Fraxel system, Clear Brilliant system, and VASERlipo system.

Chadda Surgicals - The company offers cosmetic surgery and procedure devices such as ear reconstruction gouges.

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The global cosmetic surgery and procedure devices market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer cosmetic surgery and procedure devices in the market are AbbVie Inc., Alma Lasers GmbH, Bausch Health Co Inc., Chadda Surgicals, Conmed Corp., Cutera Inc., Cynosure LLC, Fotona d.o.o, Galderma SA, Genesis Biosystems Inc., Henry Schein Inc., Hologic Inc., Lipoelastic AS, Lumenis Be Ltd, Merz Pharma GmbH and Co KGaA, Sciton Inc., Sientra Inc., Symatese, The Cleveland Clinic Foundation, Westlake Dermatology PA, and others.

With the increasing competition in the market, vendors are building strategic alliances for marketing or manufacturing cosmetic surgery and procedure devices. Market players compete on various factors, such as price, availability, brand, and variety. The growth of players depends on factors such as market conditions, government support, and industry development. Vendors can boost their profitability by practicing efficient production techniques to minimize product costs.

Global cosmetic surgery and procedure devices market - Customer landscape To help companies evaluate and develop growth strategies, the report outlines –

Global cosmetic surgery and procedure devices market - Segmentation assessment

Technavio has segmented the market based on type (non-surgical procedures and surgical procedures) and gender (female and male).

The non-surgical procedures segment will contribute significantly to the market's growth during the forecast period. Non-surgical procedures include products such as injectables, dermal fillers, and skin rejuvenation products as well as products for cellulite treatment, hair removal, and non-surgical fat reduction. The popularity of non-surgical and minimally invasive procedures is increasing, as they cause less damage to the body when compared to conventional invasive procedures.

Based on geography, the global cosmetic surgery and procedure devices market is segmented into North America , Europe , Asia , and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global cosmetic surgery and procedure devices market.

Rest of World (ROW) is estimated to account for 26% of the growth of the global market during the forecast period. North America is another region offering significant growth opportunities to vendors. The US is the leading country in the region. Factors such as the presence of several vendors that offer products for cosmetic surgical and non-surgical procedures in the US are driving the growth of the cosmetic surgery and procedure devices market in the region.

Global cosmetic surgery and procedure devices market – Market dynamics Leading drivers - The increasing number of reconstructive surgeries is driving the cosmetic surgery and procedure devices market growth. The popularity of reconstructive surgeries is increasing. For example, eyelid surgery can improve the functionality and appearance of the eyes. Campaigns such as the Breast Reconstruction Awareness Campaign help provide financial aid to healthcare organizations that support uninsured or underinsured women. This, in turn, increases awareness about reconstructive surgeries. These factors are expected to increase the number of reconstructive surgeries, which will drive the growth of the global cosmetic surgery and procedure devices market during the forecast period.

Key trends - The growing number of hospitals and surgeons specializing in cosmetic surgery is a key trend in the cosmetic surgery and procedure devices market. The number of cosmetic procedures, especially minimally invasive surgeries, is rising globally. Institutions such as the Australasian College of Cosmetic Surgery provide training courses on cosmetic surgery, which is encouraging more doctors to choose their field of specialization. These factors will support the growth of the global cosmetic surgery and procedure devices market during the forecast period.

Major challenges - The risk of complications during cosmetic implant procedures is impeding the cosmetic surgery and procedure devices market growth. Cosmetic implant surgery can lead to complications. Issues related to general anesthesia can lead to bleeding, infection, blood clots, or fatal cardiovascular complications. Many women who have undergone breast reconstruction procedures have faced complications such as hardening of the breast area around the implant, wrinkling of the implants, breast asymmetry, pain around the breast implant, infection in the surgery area, and implant rupture. Therefore, such surgical complications can hamper the growth of the global cosmetic surgery and procedure devices market during the forecast period.

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What are the key data covered in this cosmetic surgery and procedure devices market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the cosmetic surgery and procedure devices market between 2023 and 2027

Precise estimation of the size of the cosmetic surgery and procedure devices market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the cosmetic surgery and procedure devices market across North America , Europe , Asia , and Rest of World (ROW)

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of cosmetic surgery and procedure devices market vendors

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Cosmetic Surgery and Procedure Devices Market Scope

Accelerate at a CAGR of 9.74%

North America, Europe, Asia, and Rest of World (ROW)

Rest of World (ROW) at 26%

US, Brazil, Turkey, Germany, and Japan

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

AbbVie Inc., Alma Lasers GmbH, Bausch Health Co Inc., Chadda Surgicals, Conmed Corp., Cutera Inc., Cynosure LLC, Fotona d.o.o, Galderma SA, Genesis Biosystems Inc., Henry Schein Inc., Hologic Inc., Lipoelastic AS, Lumenis Be Ltd, Merz Pharma GmbH and Co KGaA, Sciton Inc., Sientra Inc., Symatese, The Cleveland Clinic Foundation, and Westlake Dermatology PA

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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3.4 Market outlook: Forecast for 2022-2027

4.1 Global cosmetic surgery and procedure devices market 2017 - 2021

6.3 Non-surgical procedures - Market size and forecast 2022-2027

6.4 Surgical procedures - Market size and forecast 2022-2027

7.3 Female - Market size and forecast 2022-2027

7.4 Male - Market size and forecast 2022-2027

9.3 North America - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 Asia - Market size and forecast 2022-2027

9.6 Rest of World (ROW) - Market size and forecast 2022-2027

9.7 US - Market size and forecast 2022-2027

9.8 Brazil - Market size and forecast 2022-2027

9.9 Germany - Market size and forecast 2022-2027

9.10 Japan - Market size and forecast 2022-2027

9.11 Turkey - Market size and forecast 2022-2027

10.3 Impact of drivers and challenges

12.16 Merz Pharma GmbH and Co KGaA

13.3 Currency conversion rates for US$

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