Report ID: SQMIG35C2004
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.
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REQUEST FREE CUSTOMIZATIONGlobal 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