North America is expected to lead the global cosmetology market due to growing number of minimally invasive surgeries in the region

 

Market Overview:

Cosmetology is the field of a beauty practice that includes a variety of practices aimed at making individual’s look and feel their best.

Competitive Landscape:

GC Aesthetics, Mentor Worldwide LLC, Sientra Inc., Zimmer Holdings Inc., 3M Health Care, Allergan, Inc., Implantech Associates Inc., Institut Straumann AG, Nobel Biocare Holding AG, and Spectrum Designs Medical.

 

Key Market Drivers:

An increasing number of cosmetic surgeries is expected to expand the global cosmetology market size. For instance, according to American Society of Plastic Surgeons (ASPS) 2017 reports, around 17.5 million cosmetic surgeries were performed in 2017, U.S. among which breast augmentation, liposuction, and nose reshaping were the top three procedures.

High preferences for Botox surgeries which are used to reduce wrinkles and maintain youthful skin is again fostering the growth of the market growth. According to the same source, around 65% of women prefer Botulinum Toxin Type A.

Covid-19 Impact Analysis 

The market of cosmetology has witnessed negative growth slope during covid-19 pandemic due to delay in non-emergency medical procedures.

Key Takeaways:

1.      The cosmetology market is expected to exhibit a CAGR of XX % over the forecast period owing to the growing popularity of cosmetic procedures and increasing disposable income of consumer.

2.       North America is dominating the global cosmetology market and this is attributed to the high number of minimally invasive surgeries in the region. According to the American Society of Plastic Surgeons, in 2019, minimally invasive cosmetic procedures grew at a slightly higher rate than surgical procedures. The Top 5 cosmetic surgical procedures performed in 2019 were: Botulinum toxin type A (7.69 million procedures), Soft tissue fillers (2.72 million procedures), Chemical peel (1.38 million procedures), laser hair removal (1.0 million procedures), and Intense Pulsed Light (IPL) treatment (685,755 procedures).