USD 67.3 billion
Report ID:
SQMIG35C2004 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
98
|Figures:
76
Cosmetic Surgery Market size was valued at USD 83.6 Billion in 2023 and is poised to grow from USD 93.21 Billion in 2024 to USD 222.78 Billion by 2032, growing at a CAGR of 11.5% during the forecast period (2025-2032).
The global cosmetic surgery market is experiencing remarkable growth impacted by the leading factors like the rising awareness of cosmetic procedures, a huge impact of social media, and technological advancements like emergence of less invasive procedures. Less invasive procedures like fillers and botox and rising acceptance of aesthetic procedures among the young population is notable impacting the growth of the cosmetic surgery industry. Furthermore, with the growing ageing population, the demand for anti-aging procedures is increasing. This comprises the interested individuals to opt for liposuction, facelifts, and other associated procedures that aim to restore youthfulness. In addition, growing disposable income that enables people to opt for affordable aesthetic procedures is boosting the cosmetic surgery market growth.
Despite significant growth seen in the market, the high price of cosmetic surgery may refrain some individuals from availing treatments mainly for complicated procedures. This may considerably impact on cosmetic surgery market growth. Also, ethical concerns for cosmetic procedures and strict regulations may notably create obstacles for newbies and intricate the industry dynamics, thus hampering the market growth. In addition, complications and risks related to cosmetic surgeries like dissatisfaction with outcomes and associated infections may create hesitation among people from undergoing treatments. Yet, the market will progress with opportunities like progressing market in developing regions, rise of non-surgical treatments, and growing personalization and customization in treatments.
US Cosmetic Surgery Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 67.3 billion
Largest Segment
Females
Fastest Growth
Females
Growth Rate
11.6% CAGR
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Global Cosmetic Surgery Market is segmented by Gender, Age Group, Procedure, End User, and region. Based on Gender, the market is segmented into Female, and Male. Based on Age Group, the market is segmented into 13 to 29, 30 to 54, 55 and above. Based on Procedure, the market is segmented into Breast augmentation, Eyelid surgery, Liposuction, Rhinoplasty, and Others. Based on End User, the market is segmented into Ambulatory surgical facility, Hospital and clinic, and Office and cosmetic surgical center. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Cosmetic Surgery Market Analysis by Gender
Based on gender, the market is categorized into female and male. The female segment held a notable cosmetic surgery market share in the previous years and is expected to lead over the forecast period as well owing to the growing cultural and societal norms, growing acceptance and awareness, and the availability of diverse treatment options. The females mostly face a higher societal pressure to obey to the growing beauty standards, which notably impacts the demand for numerous aesthetic procedures. They are usually more aware of the available procedures and are currently more open to discussing these treatments and various cosmetic procedures, thus impacting the segment’s growth.
On the other hand, the male segment is projected to grow considerably over the forecast period owing to the changing attitudes towards self-care, emphasis on youthfulness, major impact of social media, and availability of multiple options. Recent years have witnessed higher acceptance of cosmetic surgeries among the male population, impacted by the inclining societal norms that encourage personal grooming. Most men today are shifting their interest towards fighting age signs and maintain young appearance in competitive working environments. The segment’s growth is also considerably impacted by fitness and beauty represented by the media and shift towards cosmetic improvements among males. They are increasingly adopting procedures like rhinoplasty, botox, and liposuction that cater to growing needs.
Cosmetic Surgery Market Analysis by End User
Based on end user, the market is segmented into ambulatory surgical facility, hospital and clinic, and office and cosmetic surgical center. The hospital and clinic segment held a notable cosmetic surgery market share in the previous years and is expected to continue dominance over the forecast period as well owing to exhaustive services offered, presence of skilled professionals, availability of improved technologies, and better post-operative care. Hospitals and clinics offer a broader range of cosmetic operations, satisfying a large number of patients under a single roof. They are equipped with professional operators with certifications, thus boosting patients’ safety and trust. These settings are well-equipped with improved technology and offer exhaustive care to patients with better outcomes and satisfaction.
On the other hand, the office and cosmetic surgical center segment will hold a remarkable cosmetic surgery market share in the coming years owing to the offering of less invasive procedures, convenient settings, and better specialization. These surgical centers are highly proficient and expert in less invasive procedures and non-surgical treatments. These include laser therapies, injectables, and more that are common among a larger population base due to their low risk and faster recovery times. These settings offer better relaxation than the hospitals, increasing patients’ comfort while undergoing these treatments. Most surgical centers emphasize aesthetic surgeries, enabling customized and professional services demanded by patients.
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North America dominated the cosmetic surgery market in 2023 and is expected to continue leading during the forecast period. This is owing to its increasing popularirty, the presence of advanced technology, and skilled professionals. The cultural acceptance of aesthetic procedures in the region is higher than other regions, resulting in more demand for professional and personal reasons. Also, North America is the leading center for a large number of innovative procedures and superior healthcare technology that improve effectiveness and safety. The region also holds a huge number of well-certified surgeons and professionals that again contribute to growing patient satisfaction and trust. The key players profiled in the region include Allergan Aesthetics, Galderma, Merz North America, Hologic, Inc., Revance Therapeutics, Inc., and more.
Europe is the fastest-growing region in the global cosmetic surgery market due to robust cultural inclination towards aesthetics and beauty with a large population seeing cosmetic surgery as a major means of self-confidence and improvement. European nations provide a broader range of cosmetic surgeries like non-invasive treatments, satisfying a large patient pool with diverse needs and choices. Moreover, strict regulatory standards confirm quality standards and high safety in healthcare practices. This ultimately improves patient trust and confidence. Also, Europe is home to numerous medical professionals and talented surgeons prominent for their specialization in aesthetic procedures. Growing medical tourism in the countries like turkey, France, and Germany is also boosting the regional growth.
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Cosmetic Surgery Market Driver
Rise of Medical Tourism to Fuel Market Growth
Growing Emphasis on Wellness and Self-Improvement
Cosmetic Surgery Market Restraints
Increased Market Competition to Act as Key Restraint
Low Awareness in Developing Markets
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The competitive landscape of the cosmetic surgery market is categorized by different players, comprising specialized clinics, multinational corporations, and progressing startups. Leading companies like Merz, Gladerma, Seintra, and Allergen are dominating the market with a broad range of services and products, especially in surgical implants and injectables. Other established companies are actively investing in R&D to launch novel products and innovative techniques like advanced imaging technologies and minimally invasive surgeries. With the evolving trends, the profiled companies will be implementing changes as per consumer requirements and adapting to technological improvements.
Cosmetic Surgery Market Top Player’s Company Profiles
Cosmetic Surgery Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the cosmetic surgery market is considerably progressing due to growing acceptance and awareness of cosmetic procedures, technological advancements like the development of less invasive surgeries and treatments and advanced anesthesia, reduced recovery time, and enhanced safety. The market is also fueled by the rising disposable income of consumers, increasing preference for more advanced treatments, and opting for personalized options. However, the market is hampered by growing stigma and cultural differences in most cultures, growing complications and risks related to surgeries, including dissatisfaction and infections, and strict regulatory challenges. North America is anticipated to lead the market owing to the high impact of social media, the increased spending power of consumers resulting in the demand for advanced treatments, and the presence of strong healthcare infrastructure and skilled surgeons. Nonetheless, a few opportunities for the growth of the cosmetic surgery market include increasing integration of wellness and aesthetics, growth of sustainable practices, and heavy integration of AI and robotics.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 83.6 Billion |
Market size value in 2032 | USD 222.78 Billion |
Growth Rate | 11.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cosmetic Surgery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cosmetic Surgery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cosmetic Surgery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cosmetic Surgery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cosmetic Surgery Market size was valued at around USD 75 billion in 2022 and is expected to rise from USD 83.6 billion in 2023 to reach a value of USD 199.8 billion by 2031, at a CAGR of 11.5% over the forecast period (2024–2031).
The competitive landscape of the cosmetic surgery market is categorized by different players, comprising specialized clinics, multinational corporations, and progressing startups. Leading companies like Merz, Gladerma, Seintra, and Allergen are dominating the market with a broad range of services and products, especially in surgical implants and injectables. Other established companies are actively investing in R&D to launch novel products and innovative techniques like advanced imaging technologies and minimally invasive surgeries. With the evolving trends, the profiled companies will be implementing changes as per consumer requirements and adapting to technological improvements. 'Allergan, Inc. ', 'Alma Lasers, Ltd. ', 'Cutera, Inc. ', 'Cynosure, Inc. ', 'Erchonia Corporation ', 'Galderma S.A. ', 'InMode Ltd. ', 'Johnson & Johnson Services, Inc. ', 'Lumenis Ltd. ', 'Merz Pharma GmbH & Co. KGaA ', 'Mentor Worldwide LLC ', 'Sientra, Inc. ', 'Sinclair Pharma plc ', 'Syneron Medical Ltd. ', 'Zimmer Biomet Holdings, Inc. ', 'Valeant Pharmaceuticals International, Inc. ', 'Polytech Health & Aesthetics GmbH ', 'GC Aesthetics ', 'Hans Biomed Corp. ', 'Qufu GuangLong Biochem Co., Ltd.'
Most individuals travel to other nations with low prices for superior aesthetic treatments like Thailand, Turkey, Mexico, and more. This trend is propelling the growth of the overall cosmetic surgery market as individuals are hunting for reliable and affordable treatment options. Most medical tourism locations also offer their appeal for aesthetic procedures.
Rising Demand for Male Aesthetic Procedures: There is a remarkable rise in the number of male populations opting for cosmetic enhancements, comprising treatments like hair transplants, gynecomastia surgery, facial rejuvenation, and more for professional and personal reasons. This inclination is changing owing to societal regulations for self-care and masculinity. Clinics are also developing strategies for addressing the growing needs of male patients.
North America dominated the market in 2023 and is expected to continue leading during the forecast period. This is owing to its increasing popularirty, the presence of advanced technology, and skilled professionals. The cultural acceptance of aesthetic procedures in the region is higher than other regions, resulting in more demand for professional and personal reasons. Also, North America is the leading center for a large number of innovative procedures and superior healthcare technology that improve effectiveness and safety. The region also holds a huge number of well-certified surgeons and professionals that again contribute to growing patient satisfaction and trust. The key players profiled in the region include Allergan Aesthetics, Galderma, Merz North America, Hologic, Inc., Revance Therapeutics, Inc., and more.
Global Cosmetic Surgery Market size was valued at around USD 75 billion in 2022 and is expected to rise from USD 83.6 billion in 2023 to reach a value of USD 199.8 billion by 2031, at a CAGR of 11.5% over the forecast period (2024–2031).
The competitive landscape of the cosmetic surgery market is categorized by different players, comprising specialized clinics, multinational corporations, and progressing startups. Leading companies like Merz, Gladerma, Seintra, and Allergen are dominating the market with a broad range of services and products, especially in surgical implants and injectables. Other established companies are actively investing in R&D to launch novel products and innovative techniques like advanced imaging technologies and minimally invasive surgeries. With the evolving trends, the profiled companies will be implementing changes as per consumer requirements and adapting to technological improvements. 'Allergan, Inc. ', 'Alma Lasers, Ltd. ', 'Cutera, Inc. ', 'Cynosure, Inc. ', 'Erchonia Corporation ', 'Galderma S.A. ', 'InMode Ltd. ', 'Johnson & Johnson Services, Inc. ', 'Lumenis Ltd. ', 'Merz Pharma GmbH & Co. KGaA ', 'Mentor Worldwide LLC ', 'Sientra, Inc. ', 'Sinclair Pharma plc ', 'Syneron Medical Ltd. ', 'Zimmer Biomet Holdings, Inc. ', 'Valeant Pharmaceuticals International, Inc. ', 'Polytech Health & Aesthetics GmbH ', 'GC Aesthetics ', 'Hans Biomed Corp. ', 'Qufu GuangLong Biochem Co., Ltd.'
Most individuals travel to other nations with low prices for superior aesthetic treatments like Thailand, Turkey, Mexico, and more. This trend is propelling the growth of the overall cosmetic surgery market as individuals are hunting for reliable and affordable treatment options. Most medical tourism locations also offer their appeal for aesthetic procedures.
Rising Demand for Male Aesthetic Procedures: There is a remarkable rise in the number of male populations opting for cosmetic enhancements, comprising treatments like hair transplants, gynecomastia surgery, facial rejuvenation, and more for professional and personal reasons. This inclination is changing owing to societal regulations for self-care and masculinity. Clinics are also developing strategies for addressing the growing needs of male patients.
North America dominated the market in 2023 and is expected to continue leading during the forecast period. This is owing to its increasing popularirty, the presence of advanced technology, and skilled professionals. The cultural acceptance of aesthetic procedures in the region is higher than other regions, resulting in more demand for professional and personal reasons. Also, North America is the leading center for a large number of innovative procedures and superior healthcare technology that improve effectiveness and safety. The region also holds a huge number of well-certified surgeons and professionals that again contribute to growing patient satisfaction and trust. The key players profiled in the region include Allergan Aesthetics, Galderma, Merz North America, Hologic, Inc., Revance Therapeutics, Inc., and more.
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Report ID: SQMIG35C2004
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