Global Cosmetic Surgery and Services Market - Overview
Charting a decent CAGR (Compound Annual Growth Rate) between 2013 and 2019, the global cosmetic surgery and services market is set to see an increase in its market worth. Besides, it will witness a whole lot of interesting opportunities arising in the market landscape over the forecast period.
Some of the critical reasons behind this growth are demand for flawlessness on the rise. Sometimes it is a necessity, and sometimes it is the pressure to look good, as is often times observed in the case of social media culture where perfection is rewarded with greater following and so on.
The market research as undertaken by Transparency Market Research (TMR) is a comprehensive study of the global cosmetic surgery market dynamics and competitive landscape. Players are furnished with a deep dive into trends and drivers and a thorough understanding of the regional dynamics and potential. The market research focuses at providing insights that can help players take well-informed business decisions.
Global Cosmetic Surgery and Services Market – Key Trends and Drivers
Global Cosmetic Surgery and Services Market is set to chart a high growth trajectory owing to better cosmetic procedures – minimum to non-invasive – and rising levels of awareness regarding cosmetic surgery. Some of the common ones include face filler injections, botulinum toxin, and so on. Additionally, the benefit of minimum to no side-effects is also contributing to growing popularity.
In the United States alone, 2.6 million procedures were done in the year of 2016. These were soft tissue filler procedures and these saw an increase of 2% from the previous year in 2015.
It is also important to note here that people feel the need to take care of their skin, to prevent from or reverse ageing. And, since one in six people in the world will be aged 65 and above, the global cosmetic surgery and services market will see major growth. It is pertinent to mention botulinum toxin, the poisonous material that can control muscle movement. It is widely used to reduce fine lines, frown lines, crow’s feet and wrinkles.
Global Cosmetic Surgery and Services Market – Key Companies
Global Cosmetic Surgery and Services Market is fragmented and the prominent companies that mark its landscape include Allergan, Inc., Alma Lasers, Ltd., Cutera, Inc., IRIDEX Corporation, Johnson & Johnson, Lumenis Ltd., Genesis Biosystems, Inc., Merz Aesthetics, Inc., Sanofi S.A., Smith & Nephew plc, Syneron Medical Ltd. and Valeant Pharmaceuticals International, Inc., and others.
Global Cosmetic Surgery and Services Market – Regional Analysis
North America will account for a significant share of the global cosmetic surgery and services market owing to a rapidly ageing population. One in every four people in the region will be aged 65 and above by the year of 2050. And, as skin issues compound with age owing to low rate of regeneration of cells, fall in elasticity and strength, the market for cosmetic surgery and services is set to grow at a rapid pace. One of the biggest markets of cosmetic surgery and services is that of the United States of America. One of the reasons is high levels of disposable incomes, which allows for a higher expenditure on the procedures.
One of the other regions that will chart a significant growth trajectory over the forecast period is the Asia Pacific (APAC) region, owing to improving standard of living that comes with a rise in disposable incomes. Besides, thanks to the rising trend of social media with its new standards of beauty.
Research, both primary and secondary, has been undertaken while preparing the report.
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.