The growing adoption of laser in aesthetics is another major factor leading to the growth of the market. Lasers are used to treat a broad range of conditions including skin photodamage, dyschromia, wrinkles, unwanted hair and tattoo removal, body contouring, acne, warts, and facial vein removal. Most of these treatments are cost-effective compared to conventional surgical procedures. Thus, the increasing popularity of laser-based treatments will increase the adoption of laser procedures in the market, thereby leading to the overall market growth.
Complete report on plastic surgery products market spread across 77 pages, analyzing 6 major companies and provides 58 data exhibits is now available at http://www.sandlerresearch.org/global-plastic-surgery-products-market-2016-2020.html .
The analysts forecast global plastic surgery products market to grow at a CAGR of 9.47% during the period 2016-2020. According to the report, one of the major drivers for market growth is the rising importance of plastic surgery products. Plastic surgery has grown significantly over the years with people increasingly focusing on improving their physical appearance. The presence of minimally invasive cosmetic procedures has also increased the use of facial rejuvenation products, breast implant procedures, and facial implantation.
The implants segment accounted for the major share of the market, with almost 38% of the total market in 2015, and is expected to show a steady growth over the next five years. The implants segment consist of surgeries such as breast implants, facial implants, nose implants, and ear implants, of which the facial implants segment is the fastest growing segment due to the growing demand for chin and cheek plastic surgeries.
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The Americas occupied the largest share in the plastic surgery products market in 2015, with North Americas being the major revenue contributor. The market in this region is growing at a significant rate due to high demand for cosmetic surgeries, an ageing population, and an increase in demand for minimal and non-invasive surgical aesthetic procedures.
The global plastic surgery products market is characterized by aggressive innovation, mergers, acquisitions, product extensions and product launches. Also, the market is witnessing a rising demand for various aesthetics procedures, hence, it opens up vast opportunities for new and upcoming vendors to enter the market and cater to this demand.
Global Plastic Surgery Products Market are Allergan, Cynosure, DePuy Synthes, Galderma, Syneron Medical, and Stryker. Other Prominent Vendors in the market are: Alma Lasers, AQTIS Medical, Body BeneFits, CEREPLAS, Chromogenex, Coherent, ColBar LifeScience, CoolTouch, Cosmoderm, Cutera, Deka Laser Technologies, Ellipse, Ellman International, EndyMed, Energist North America, Erchonia, Establishment Labs, Guangzhou Wanhe Plastic Materials, Hans Biomed, Ideal Implant, Implantech, Laboratory Obvieline, Lumenis, Lutronic, Meditime, Mentor, Merz Aesthetics, Pollogen, POLYTECH Health & Aesthetics, Quanta System, Qufu Guanglong Biochem, Reliant Technologies, Sciton, SciVision Biotech, Sharplight Technologies, Sientra, Silimed, Speciality European Pharma, Suneva Medical, Techderm, Therative, ThermiAesthetics, TRIA Beauty, Ulthera, Valeant Pharmaceuticals, Venus Concept, Viora, and ZELTIQ Aesthetics.
Further, the report states that the treatment costs are high due to monopolistic approach and hidden procedural expenditure associated with implantable medical devices. Moreover, implants and procedures carried out for cosmetic reasons are not reimbursed. Thus, high cost of products is likely to hinder market growth of plastic surgery products globally.
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