Portland, OR, June 20, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global cosmetic surgery market generated $67.3 billion in 2021, and is expected to reach $201.0 billion by 2031, witnessing a CAGR of 11.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Rise in prevalence of cosmetic surgical procedures, increase in demand for aesthetic procedure, and surge in technological advancement in healthcare sector drive the growth of the global cosmetic surgery market. However, side effects related to cosmetic surgeries and high cost of cosmetic surgical procedures restrain the market growth. On the other hand, rise in awareness about the skin treatment and surge the demand for cosmetic surgical procedure create new opportunities in the coming years.
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Impact of Covid-19 on Cosmetic Surgery Market:
- During the Covid-19 pandemic, non-elective procedures were postponed or cancelled due to focus on taking care of rise in number of Covid-19 infected patients in hospitals. Moreover, hospital staff and many resources were shifted to Covid wards.
- As per the statistics published by the European Journal of Plastic surgery, the total number of surgeries reduced by 23.5% in June 2021, following the COVID-19…
