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Global Cosmetic Procedures and Products Market to Be Driven by Resurging Economy

Transparency Market Research Report Added "Cosmetic Procedures And Products Market" to its database.


Albany, NY -- (SBWIRE) -- 03/17/2015 -- Cosmetic procedures and products market refers to the market for surgical and nor surgical procedures, and cosmetic products applied to enhance the appearance of an individual. The global market for cosmetic procedures and products is getting bigger both in terms of value and number of procedures carried out every year. According to various cosmetic procedures and products industry experts, the geriatric population, increasing adoption of cosmetic surgery, and growing interest of people in aesthetics are the main factors responsible for the growth of this market.

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The global market for cosmetic procedures and products is classified into two main categories, surgical and nonsurgical procedures. Key surgical cosmetic procedures include lipoplasty also known as liposuction, breast enlargement, breast lift, breast reduction, abdominoplasty also known as tummy tuck, blepharoplasty also known as cosmetic eyelid surgery, gynecomastia treatment, and otoplasty that is commonly called as cosmetic ear surgery. Breast enlargement and the liposuction have been two most popular cosmetic surgical procedures over the time.

In 2006, the Food and Drug Administration (FDA) took the decision to re-launch silicone gel breast implants in the market. This decision has increased the number of breast enlargement procedures over the years. These procedures are expensive when compared to the nonsurgical cosmetic procedures and hence, depends upon the insurance coverage. During the economic crisis of 2009, the market for surgical cosmetic procedures and products was affected to some extent owing to the financial uncertainty. But, the re-rising economy is likely to boost the surgical market again and that will result in the overall growth of the global cosmetic procedures and products market.

Non surgical cosmetic procedures and products market comprise of skin rejuvenation, cosmetic injectables, and other procedures such as sclerotherapy, laser hair removal, and laser treatment of leg veins. The injectable cosmetics accounts for the major share in the nonsurgical cosmetic procedures and products market, which include hyaluronic acid such as Juvederm, botulinum toxin type A, that is, Botox and Dysport, collagen, calcium hydroxyapetite also known as Radiesse, Hylaform, Restylane/Perlane, and poly-l-lactic acid known as Sculptra. Skin rejuvenation procedures consist of intense pulsed light laser treatment, dermabrasion, chemical peel, fraxel, and noninvasive tightening.

The global cosmetic procedures and products market is divided into North America, Asia Pacific, Europe, and Rest of the World. North America and Europe have always been the major markets for these cosmetic procedures and products. These two regional markets are youth-focused and more importance is given on the aesthetic looks of an individual. In addition to this, the technological development in the surgery and medicine such as attempts at making surgeries non-invasive and less painful is triggering the market to a further level.

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The dynamics of the global cosmetic procedures and products market are changing nowadays with more men approving cosmetic treatments for reasons such as rising awareness about obesity and high degree of competition at workplace. The cosmetic surgical procedures for men comprise of breast reduction, gynecomastia treatments, male brow lifts, male facelifts, and male tummy tucks.

Some of the key companies in the global cosmetic procedures and products market are DermaMed USA, Allergan, Inc., LLC, Fascia Biosystems, Genzyme Corporation, Medicis Pharmaceutical Corporation, ExcellaDerm Corporation, Suneva Medical Inc., Johnson & Johnson, BioForm Medical, Inc., Cutera, Inc., Dermik Laboratories, Q-Med AB, Genesis Biosystems, Inc., Lumenis Ltd., IRIDEX Corporation, Candela Corporation, Mentor Corporation, Anika Therapeutics, Inc., Cynosure, Inc., Palomar Medical Technologies, Inc., and Solta Medical, Inc.

The American Society for Aesthetic Plastic Surgery stated in 2010 that the Americans spent approx. US$10.7 billion on cosmetic procedures of which more than 60% was added by surgical procedures. However, it is very important to mention that the numbers of nonsurgical procedures performed on yearly basis are far more, than the surgical procedures. But they are lesser in terms of the money spent.

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