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The global cosmetic surgery products market is anticipated to witness moderate growth during the forecast period between 2021 and 2031.
Cosmetic surgery products are deployed in cosmetic surgeries in a bid to improve the aesthetics in a specific portion of a person's body.
Some of the commonly-deployed cosmetic surgery products include polymer injects, injectables, lasers, and ultrasound devices.
Cosmetic surgeries have witnessed an increase in demand in recent times owing to increased need among the general public to obtain flawless skin. This has led to a rise in demand for different cosmetic surgery products, to perform cosmetic surgeries.
The outbreak of the COVID-19 pandemic adversely affected the cosmetic surgery products market. With governments imposing lockdowns in a bid to contain the spread of the virus, demand and supply suffered massive disruptions, leading to reduced product demand and thereby, negatively impacting the overall market.
Rising number of cosmetic surgeries globally is the key growth driver for the cosmetic surgery products market.
Growing personal consciousness among different population sections is expected to increase the demand for cosmetic surgeries and, in turn, bolster the cosmetic surgery products market.
Increasing per capita disposable income, particularly in developing economies is anticipated to fuel the demand for cosmetic surgery products, in the upcoming years.
Improving medical tourism in different countries worldwide is projected to propel the cosmetic surgery demand and help in the growth of the cosmetic surgery products market.
Government initiatives and measures, promoting the use and benefits of cosmetic surgery products are expected to fuel product demand, in the years ahead.
The injectables product segment is anticipated to contribute the most to the overall market owing to increased product deployment for different surgeries such as dermal fillers and BOTOX.
Hospitals' end-use segment is expected to make the largest contribution to the overall market owing to increased deployment of products for cosmetic surgeries in hospitals, worldwide.
The global cosmetic surgery products market is highly competitive, with the presence of several well-established players. Many of these players are expected to hold a large share in the overall market, in the upcoming years.
Research and development undertakings to produce an improved quality of products that would meet a large number of customer requirements could be a key growth strategy for the leading players, in future.
Prominent players could also collaborate with the lesser-known players in a bid to expand their market presence and increase their revenue share.
The smaller players will seek investments from governments and private investors, which would help them in their long-term growth.
A few leading players in the overall market include Johnson and Johnson, DePuy Synthes, Allergan Inc., Smith & Nephew LLC, and Index Corporation.
The global cosmetic surgery products market is classified into four regions, North America, Europe, Asia Pacific, and rest of the world.
North America is expected to offer profitable growth opportunities for the global market in future owing to increasing geriatric population in countries such as US and Canada.
The large presence of well-established market players is expected to play a key role in the growth of the cosmetic surgery products market in North America, too.
Europe is anticipated to witness substantial growth in the overall market owing to rising number of cosmetic surgeries in countries such as Italy and Germany.
Asia Pacific is expected to witness strong growth in the cosmetic surgery devices market because of rising disposable income among different population sections in developing economies such as India and Thailand.
The rest of the world is expected to witness moderate growth in the global market, in the coming years.
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Cosmetic Surgery Products Market
