NEW
YORK, June 20, 2024 /PRNewswire/ -- The
global cosmetic surgery and procedure devices market size
is estimated to grow by USD
7.95 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of about 10.45%
during the forecast period. Growing incidence of medical conditions
that require cosmetic procedures is driving market
growth, with a trend towards technological advances.
However, high treatment costs of cosmetic surgeries poses a
challenge. Key market players include AbbVie Inc., Alma Lasers
Ltd., Bausch Health Companies 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.
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Cosmetic Surgery And
Procedure Devices Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.45%
|
Market growth
2024-2028
|
USD 7959.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.2
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
Rest of World (ROW) at
27%
|
Key
countries
|
US, Brazil, Germany,
Japan, and Turkey
|
Key companies
profiled
|
AbbVie Inc., Alma
Lasers Ltd., Bausch Health Companies 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
|
Market Driver
The cosmetic surgery and procedure devices market are
experiencing significant growth due to advancements in technology.
Vendors are introducing new solutions like laser lipolysis and
minimally invasive facial rejuvenation procedures. Customized
implants made from various sizes, styles, and materials allow for
natural outcomes. Popular implants include saline-filled and gummy
bear implants. Non-invasive body sculpting devices, such as
Cutera's truSculpt 3D, and hyaluronic acid dermal fillers, like
Galderma's Restylane Refyne and Defyne, are also driving market
growth. Laser technology, including fractional lasers, is
increasingly used for moderate-to-severe skin issues and eyelid
tightening. These technological advances are positively impacting
the global cosmetic surgery and procedure devices market.
The cosmetic surgery and procedure devices market have seen
significant growth in recent times. Clinics and hospitals use
advanced technology and devices for treatments such as facelifts,
body contouring, and skin rejuvenation. These procedures require
precision and consistency, making device innovation crucial.
Advancements in technology have led to the development of minimally
invasive devices like laser systems, radiofrequency devices, and
injectable fillers. These devices offer faster recovery times and
improved results. Moreover, the trend towards non-surgical
procedures has boosted the market for devices like chemical peels,
microdermabrasion systems, and thread lifts. The use of these
devices allows for customized treatments and minimal downtime.
Furthermore, the increasing awareness and acceptance of cosmetic
procedures have led to an increase in demand for these devices.
Companies are investing in research and development to create more
effective and efficient devices to meet this demand. In conclusion,
the cosmetic surgery and procedure devices market is thriving due
to advancements in technology, the rise in popularity of
non-surgical procedures, and the increasing acceptance of cosmetic
treatments.
Research report provides comprehensive data on
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Report
Market Challenges
- The cosmetic surgery market faces significant cost challenges,
with advanced technologies, surgeon and anesthesiologist fees,
facility costs, and medications driving up treatment prices. In the
US, a tummy tuck costs USD7,500,
liposuction USD2,750, and a full-body
lift USD30,000. Facial procedures
like a facelift cost USD9,000, while
laser hair removal sessions range from USD325 to USD750,
depending on the body area. Breast reconstruction costs vary, with
implants costing USD20,000 for both
breasts and a full reconstruction at around USD125,000. Insurance coverage for these
procedures is inconsistent, limiting access for many potential
patients. These high costs hinder market growth during the forecast
period.
- The cosmetic surgery and procedure devices market face several
challenges. Technological advancements in devices require
continuous investment for research and development. Regulations and
compliance with safety standards add to the costs. The trend
towards minimally invasive procedures necessitates the development
of new tools and techniques. Competition from alternative
treatments and increasing consumer awareness of risks also pose
challenges. Cost containment is a significant issue, with prices
for procedures and devices continuing to rise. Additionally, the
global nature of the market means dealing with various cultural and
ethical considerations. Procurement of high-quality raw materials
and maintaining consistent supply chains are further challenges.
Overall, the cosmetic surgery and procedure devices market require
innovative solutions to address these challenges and remain
competitive.
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challenges - Request a sample report!
Segment Overview
This cosmetic surgery and procedure devices market report
extensively covers market segmentation by
- Type
- 1.1 Non-surgical procedures
- 1.2 Surgical procedures
- Gender
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Non-surgical procedures- The cosmetic surgery and
procedure devices market is experiencing significant growth due to
increasing consumer demand for aesthetic enhancements. Key players
in this industry include Allergan, Johnson & Johnson, and Merz
Pharma. These companies are investing in research and development
to introduce innovative devices and techniques. The market is
driven by factors such as rising disposable income, growing
awareness about personal appearance, and advancements in medical
technology. Devices like dermal fillers, laser systems, and
surgical instruments are in high demand. The market is expected to
continue expanding in the coming years.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Cosmetic Surgery and Procedure Devices Market encompasses a
range of technologies and treatments designed to enhance physical
appearance by addressing various skin problems and body contouring
concerns. This market includes both invasive and non-invasive
procedures, such as surgical methods like liposuction and breast
augmentation, and non-surgical options like fat-freezing
technology, soft tissue fillers, and Botox injections. Aesthetic
devices from companies like Cutera, AviClear, Cynosure, and
Airsculpt Technologies utilize advanced technologies like PicoSure
Pro and laser energy to provide skin revitalization, unwanted
pigmentation removal, and cellulite reduction. Non-surgical
procedures, such as chemical peels and dermal fillers, and invasive
procedures, like nose reshaping, continue to gain popularity for
their ability to address a multitude of concerns related to obesity
rate and physical appearance. The market for these devices and
procedures is continually evolving, with ongoing research and
innovation driving new treatments and technologies.
Market Research Overview
The Cosmetic Surgery and Procedures Devices market encompasses a
wide range of technologies and instruments used in various
aesthetic treatments. These devices include surgical and
non-surgical tools, such as lasers, radiofrequency systems,
fillers, and implants. The market is driven by the increasing
demand for minimally invasive procedures and the growing awareness
of aesthetic enhancement. Technological advancements in device
design and manufacturing have led to more precise and effective
treatments, further fueling market growth. Additionally, the aging
population and the desire for a youthful appearance are significant
factors contributing to the market's expansion. The market is
segmented by product type, application, and end-user, with a global
reach and continuous growth prospects.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Non-surgical Procedures
- Surgical Procedures
- Gender
-
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio