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Cosmetic Surgery Market 2020-2024: Forecasting Strategy to Undergo a Paradigm Shift From Crisis to New Normal During COVID-19 Pandemic

·5-min read

The cosmetic surgery market will witness an incremental growth of USD 11.24 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005075/en/

Technavio has announced its latest market research report titled Global Cosmetic Surgery Market 2020-2024 (Graphic: Business Wire)

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COVID-19 Highlights

  • Consumer Discretionary industry will have Negative impact due to the pandemic

  • Cosmetic surgery market is expected to witness Negative growth during 2020-2024

  • Consumer Discretionary Industry will witness Indirect impact during the forecast period

  • Cosmetic surgery market growth is likely to Increase in 2020 compared to 2019 due to Positive YOY

Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This cosmetic surgery market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed cosmetic surgery market insights here: https://www.technavio.com/report/cosmetic-surgery-market-industry-analysis

Key Cosmetic Surgery Market Research Findings

  • A CAGR of about 7% is expected to be recorded in cosmetic surgery market during 2020-2024

  • Non-surgical procedures will hold the largest market share. The non-surgical procedures segment of the global cosmetic surgery market is witnessing rapid growth due to the increasing use of injectables, such as Botox and hyaluronic acid, and the growing demand for non-surgical fat reduction, hair removal, and chemical peels among people. This report provides an accurate prediction of the contribution of all the segments to the growth of the cosmetic surgery market size.

  • Asia will account for the highest incremental growth. Increasing disposable income and social and cultural influences on the idea of beauty, which is leading to increased acceptance of cosmetic surgeries among people will significantly drive cosmetic surgery market growth in this region over the forecast period.

  • Increasing number of reconstructive surgeries will boost the cosmetic surgery market growth

  • Demand for minimally invasive and non-invasive surgeries will have a positive impact on the cosmetic surgery market

  • High treatment cost of cosmetic surgeries is likely to create hindrance for the cosmetic surgery market

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Cosmetic Surgery Market Vendor Participation Scenario

  • Market is Fragmented

  • Several leading companies in the market are focusing on restoring their economic activity

  • Vendors are concentrating on growth prospects from fast-growing segments while retaining their positions in slow-growing segments.

  • Prominent cosmetic surgery market players are AbbVie Inc., Alma Lasers GmbH, Bausch Health Companies Inc., Cynosure Inc., Galderma SA, Hologic Inc., Merz Pharma GmbH & Co. KGaA, Sientra Inc., Symatese Group, and Westlake Dermatology PA.

With more companies navigating the pandemic gradually, this research analysis can be personalized to create a recovery path for the market participants. Try out our $1000 Worth Free Report Customization by Speaking to our Analyst or Industry Expert

Key Considerations for Market Forecast

  • Products and services used to manage or contain the spread of COVID-19 virus

  • Products and services used for the treatment of COVID-19 virus

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- and post-COVID 19 market estimates

  • Quarterly impact analysis as the spread reaches global level and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five force summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Non-surgical procedures - Market size and forecast 2019-2024

  • Surgical procedures - Market size and forecast 2019-2024

  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • Asia - Market size and forecast 2019-2024

  • ROW - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • AbbVie Inc.

  • Alma Lasers GmbH

  • Bausch Health Companies Inc.

  • Cynosure Inc.

  • Galderma SA

  • Hologic Inc.

  • Merz Pharma GmbH & Co. KGaA

  • Sientra Inc.

  • Symatese Group

  • Westlake Dermatology PA

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200924005075/en/

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