Cosmetic Surgery Market Size to Receive Immense Growth of USD 63.32 Billion with an Excellent CAGR of 9.81% by 2030

Research Reports

Aug 11, 2023

Cosmetic Surgery Market Research Report Information by Procedure Type {Invasive (Breast Augmentation, Liposuction, Nose Reshaping, Eyelid Surgery, Tummy Tuck, and Others) Non-invasive (Botox Injections, Soft Tissue Fillers, Chemical Peel, Laser Hair Removal, Microdermabrasion, Dermabrasion, and Others)}, by End User (Hospitals and Dermatology Clinics, Ambulatory Surgical Centers, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World – Forecast till 2030

The cosmetic surgery market was estimated at USD 46.42 billion in 2022 and is anticipated to grow at a 9.81% CAGR to USD 63.32 billion by 2030. The desire to look young and fit has increased demand for aesthetic procedures in developing nations. Consumer interest in cosmetic operations like liposuction, nose reshaping, and Botox injections is growing in nations like South Korea and India. India is one of the top 5 nations doing non-surgical procedures, according to the International Society of Aesthetic Plastic Surgery (ISAPS). This demonstrates the expanded potential opportunities for aesthetic manufacturers in the nation.

Several nations have observed an increase in the number of unlicensed practitioners offering cosmetic operations and luring a sizable section of the populace eager to undergo aesthetic procedures. These institutions, including unlicensed doctors and surgeons, have a negative effect on the market. Due to patients adopting inferior materials and implants, cosmetic operations going wrong are becoming more common. During the projected period, it is anticipated that rising instances of adverse effects of aesthetic surgery associated with an uncontrolled market will restrain market expansion.

Covid 19 Impact

The market size for advanced cosmetic surgery has been considerably influenced by the COVID-19 epidemic. A sudden dramatic decline in consumer income levels and social estrangement both had a detrimental impact on the market. Due to factors such a decline in product demand, constrained operations, swift closures of beauty salons, and disruptions in the manufacturing and supply chain, the industry had noticed a phase of short-term negative growth. The time spent on zoom calls has, however, decreased as a result of remote employment. People give close attention to how they look. The demand for cosmetic surgery has increased as a result, with Botox being one of the most popular operations. In recent years, interest in invasive operations has decreased while that of non-invasive approaches has increased.

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Cosmetic Surgery Industry Trends

Key participants in the market who deliver goods and instruments have observed the profitable rise and are attempting to increase their current market share. Market participants are focusing on R&D to introduce cutting-edge products due to the rising demand for developed products with fewer side effects and post-surgical interference. For its brand-new dermal filler, “Jeuveau,” Evolus Inc. gained US-FDA approval in February 2019. This neurotoxic medication addresses wrinkles and is a rival to well-known dermal fillers like Allergan’s Botox. Additionally, GC Aesthetics Ltd. (GCA) debuted the PERLE, the subsequent generation of GCA breast implants, in October 2020.

Competitive Analysis

There are tier-1, tier-2, and local players in the market. The tier-1 and tier-2 players are well-known and have a wide range of products. The cosmetic surgery market forecast is dominated by companies like Abbvie Inc., Bausch Health Companies Inc., Candela Syneron, Cynosure Inc., Galderma SA, and MerzPharma GmbH & Co. KGaA. due to their distinct product offerings, financial stability, strategic developments, and regionally diverse presence. The participants are focusing their efforts on promoting R&D. Additionally, they support strategic expansion activities including product introduction, joint ventures, and partnerships to expand their client base and boost their market position.

For instance, Allergan Aesthetics introduced HArmoniCa with lidocaine in Europe in March 2022. Hyaluronic acid and calcium hydroxyapatite are the two active components in this dual-effect hybrid injectable. Additionally, Lynton Lasers Ltd introduced Motus AY, the most sophisticated laser hair removal platform, in January 2020. Both light and dark skin tones can benefit from the platform’s high-speed Alexandrite laser.

Key Players

  • Johnson & Johnson
  • Valeant Pharmaceuticals International
  • Cutera Inc.
  • Syneron Medical Ltd.
  • Allergan Inc.
  • Genesis
  • Biosystems Inc.

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Cosmetic Surgery Market Segmentation

Women and men make up the gender-based cosmetic surgery market segmentation. Due to growing female attention to personal aesthetic appearance and rising per capita spending in emerging economies, which has led to an increase in the number of females undergoing cosmetic treatments, the female category maintained a significant proportion in 2021. However, the male is the category that is expanding at the highest rate since more men are having surgical treatments like liposuction, rhinoplasty, gynecomastia, eyelid surgery, and cosmetic jaw surgery.

Age-based market segmentation for cosmetic surgery includes 13 to 29, 30 to 54, and 55 and over. Due to an increase in liposuction demand and an increase in the number of cosmetic treatments among people in the 30 to 54 age range, the 30 to 54 category had a significant share in 2021. However, due to a rise in the demand for cosmetic eye surgery among those in the 13 to 29 year age range, this category is expanding at the quickest rate.

Breast augmentation, eyelid surgery, liposuction, rhinoplasty, body contouring, face reconstruction, cosmetic implants, and other procedures make up the market segmentation of cosmetic surgery. Due to a growth in breast augmentation treatments and authorization for cosmetic surgery involving breast implants, the breast augmentation category had a significant share in 2021. The fastest-growing category, however, is liposuction, as the need for procedures to keep one’s appearance youthful has grown in developing nations.

Ambulatory surgical facilities, hospitals & clinics, and office & cosmetic surgical centers are the market categories for cosmetic surgery based on end-users. Due to the rise in cosmetic surgeries and the number of hospitals & clinics offering different surgical procedures, the hospital & clinic segment held a significant portion of the market in 2021. However, the segment with the quickest rate of growth is ambulatory surgical facilities. This is because there are more and more accredited ambulatory surgical facilities in developing nations, which is what propels the growth of the cosmetic surgery market.

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Cosmetic Surgery Market Regional Analysis

The cosmetic surgery market has been broken down geographically into North America, Europe, Asia-Pacific, and the Rest of the World. The largest share of the market was in North America. The region with the highest expected CAGR over the study period is Asia-Pacific.

The largest market share belonged to North America. The existence of board-certified and trained cosmetic surgeons, the adoption of cosmetic operations, and the rising incidence of skin problems in the area are some of the key drivers of market expansion. Additionally, there have been developments in the region’s healthcare, medical device, and aesthetic industries as well as a growth in the quantity of breast augmentation procedures, an increase in cosmetic surgery product approvals, and the presence of the cosmetic surgery industry.

In 2021, the market’s fastest-growing region was Asia-Pacific, which includes nations including South Korea, China, and India. South Korea is thought to be the center for cosmetic surgery, which helps the business flourish. The availability of high-tech items and an increasing emphasis on physical appearance are anticipated to fuel regional market expansion.

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Botulinum Toxin Market Research Report Information By Product (Botulinum Toxin A and Botulinum Toxin B), By Application (Medical and Aesthetic), By Gender (Female and Male), By Age Group (13-19, 20-29, 30-39, 40-54, and 55 & Above), By End User (Hospitals, Dermatology Clinics, and Spas & Cosmetic Centers) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

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