Report ID: SQMIG35A2958
Report ID:
SQMIG35A2958 |
Region:
Global |
Published Date: November, 2024
Pages:
211
|
Tables:
65 |
Figures:
70
North America was in the lead with a 35.6% revenue share of the market in 2023. This is ascribed to elements such as the greatest degree of reimbursement in the country, growth in awareness campaigns conducted by certified dermatological professionals, and the growing demand for cosmetic operations. The Aesthetic Society unveiled the 2022 Aesthetic Plastic Surgery Statistics in April this year. According to the figures, nonsurgical treatments had risen by 44% across the US, while surgical operations had surged by 54%. In 2021, an average cosmetic surgeon performed 320 surgical procedures. Surgical treatments cost increased by 6%, the cost of non-surgical procedures by 1%. The report also stated that in 2021, 365,000 women received breast augmentations, which represented close to 94% of all procedures. This means one factor contributing to the rising cosmetic implants market during the projection period is through more operations conducted in the field.
Asia Pacific is expected to exhibit the highest growth rate in the cosmetic implants market over the forecast period. The region's massive untapped potential, coupled with sound economic growth and enhancing healthcare facilities, is a major factor responsible for its rapid growth. The regional growth can be attributed to the easy access to advanced cosmetic treatments and increasing awareness in patients. Medical tourism business is expected to carry the market further ahead, particularly in China and India. Due to the attractiveness of lower cost of operations in these countries, patients from the domestic and international markets are being pulled towards the region, thereby increasing demand for cosmetic implants and augmenting regional market growth.
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Report ID: SQMIG35A2958