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MARKET OUTLOOK

Triton’s report implies that the Middle East and Africa cosmetic surgery and procedures market is likely to witness revenue growth at a compound annual growth rate of 5.57% in the forecast period 2021-2028. South Africa, Turkey, the UAE, Saudi Arabia, and Rest of Middle East & Africa form the market in this region.

Turkey ranks among the top globally in terms of aesthetic surgeries. This can be attributed to service quality and reasonable prices, making the country an attractive destination among international consumers. Surgery TR is among the widely known cosmetic surgery facilities providing hair transplants in Istanbul and Izmir. Moreover, as per estimates, the pricing policy for aesthetic surgery is relatively lower than European countries and the US. Besides, the country has experienced surgeons, which supplements the growth of the cosmetic surgery and procedures market in Turkey. 

Furthermore, the upward trend in the beauty and personal sectors has supported the development of the cosmetic surgery and procedures market. Factors such as the growing aging population, rise in disposable income, and changing lifestyle are expected to increase the demand for cosmetic procedures. Along with this, the improving economy, availability of technologically advanced products, and exposure to western beauty standards are anticipated to stimulate the growth of the cosmetic surgery and procedures market across South Africa in the upcoming years. 

COMPETITIVE OUTLOOK

The well-known companies in the cosmetic surgery and procedures market include Candela Corporation, Cynosure Inc, Galderma Laboratories LP, Ipsen Group, Merz Pharma, and Cutera Inc.