The global Cosmetic Surgery Market is expected to grow to US$ 51.6 billion by 2025

 

Medical tourism is being used to illustrate the market's favourable rise in aesthetic operations.

According to the Research, the worldwide Cosmetic Surgery Market is expected to have a considerable market valuation and a strong growth rate from 2017 to 2025. Since 2012, the market for cosmetic operations has been on the rise. The global Cosmetic Surgery Market was valued at US$ 27 billion in 2016, and it is expected to grow to US$ 51.6 billion by 2025. Throughout the projected period, the global market is expected to grow at a strong pace, with a CAGR of 7.5 percent. The expanding trend of medical tourism, higher acceptance of aesthetic operations, particularly in emerging economies, and the rising prevalence of skin problems, all of which provide lucrative chances to adopt various laser surgical treatments, are driving this expansion.

Furthermore, medical advances are increasing; new technical developments have altered the industry's face, with more individuals relying on modern methods to treat illnesses. This has expedited the perception of numerous cosmetic treatments in people's minds, which has fueled the global Cosmetic Surgery Market's rise.

Non-surgical procedures, which are widely utilised to treat cosmetic concerns, have a smaller market size but a larger volume, and are predicted to increase at a faster CAGR.

During the assessment period, the non-surgical procedures sector by procedure type is predicted to develop at the fastest rate. Non-surgical procedures are widely employed, and by the end of the projection period, this category is expected to have grown by 2x in revenue, with a market value of almost US$ 12.9 billion. To reflect these figures, this segment is expected to develop at a high CAGR of 9.5 percent throughout the projection period.

The surgical procedures segment is the largest segment by procedure type, as it shows a high market value. This segment lead the global cosmetic procedure market by procedure type in 2016 and the trend is more likely to continue during the forecast period.


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