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Excessive Rise in Spending on Beauty Procedures fuels Cosmetic Surgery Products Market

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Published on : Dec 26, 2019

ResearchMoz has announced the addition of a report titled, “Global Cosmetic Surgery Products Market Professional Survey Report 2019” to its expanding database. The report provides valuable insights into trends and demand drivers that are likely to influence the growth trajectory of the cosmetic surgery products market over the forecast period. Further, the report provides geographical analysis along with revenue share projections of key regions in the cosmetic surgery products market in the forthcoming years. 

Worldwide, mostly in urban areas, excessive importance on appearance, mainly among women is a key factor behind increasing demand for cosmetic surgeries. Women of all age groups seek various cosmetic procedures that alters part of an individual’s body or the face. This involves surgical procedure for reconstruction or reshaping of body parts and the face. Reconstruction of face can include altering facial structure and altering of jaw structure among other cosmetic procedures. 

Developed countries display considerable demand for cosmetic surgeries thereby fuelling the cosmetic surgery products market. Technological advancements and affordability for cosmetic surgeries are some key factors for growth of cosmetic surgery products market in developed countries. Key cosmetic surgeries include liposuction, implants, reshaping, injections, and laser treatments among others. Key products used for cosmetic surgeries include injectables, lasers, silicone or polymer implants, and ultrasound and radiofrequency devices. Anti-cellulite treatment devices and microdermabrasion devices are some other devices used for cosmetic procedures. 

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Rising disposable incomes along with desire for celebrity-like body contours and facial features are key factors for demand of cosmetic procedures. This, in turn stokes demand for cosmetic surgery products. Excessive rise in fashion and beauty consciousness due to availability of information through social channels is increasingly making cosmetic surgery procedures common. Women workforce in developing countries are increasingly indulging in cosmetic procedures to enhance look and appearance that helps with professional growth. 

Homemakers and elderly women also display substantial demand for cosmetic procedures to stay youthful. Besides this, increasing number of traumatic injuries that necessitate reconstructive surgeries display demand for cosmetic surgery products. Collectively, this fuels cosmetic surgery products market.

On the flip side, excessively high cost of cosmetic surgeries, low awareness in satellite towns of emerging economies, and minimal insurance coverage for cosmetic surgeries are bottlenecks to the growth of cosmetic surgery products market.

The competitive outlook of key players in the cosmetic surgery products market is presented in this report. Key players are focused on R&D for product innovation to expand their product portfolio. Partnerships and collaborations are some key growth strategies key players are engaged in to leverage technological expertise of partnering company. 

Key players operating in the global cosmetic surgery products market include Allergan, Depuy Synthes, Syneron Medical, Stryker, Iridex Corporation, Lumenis Ltd, Merz Aesthetics Inc, Smith & Nephew plc, Valeant Pharmaceuticals International, Cynosure, Galderm, Alma Laasers Ltd, Cutera Inc, Johnson & Johnson, Genesis Biosystems, Sanofi S.A., Syneron & Candela, and Solta.

The report is prepared after an extensive primary and secondary research phase. Primary research phase involved email interaction, telephonic interviews, and scrutiny of LinkedIn profile of vendors. Secondary research phase involved reaching out to company websites, investor presentations, financial reports, annual reports, and SEC filings. Analysts also conducted in-person interviews with opinion leaders for their viewpoint of growth curve of cosmetic surgery products market.

The report studies the cosmetic surgery products market on the basis of type, application, and region. By type, key segments of the cosmetic surgery products market are injectables, implants, equipment, and others. On the basis of application, breast, body, neck, facial, and others are segments into which the cosmetic surgery products market is divided in this report.