Cosmetic Surgery Market: Global Industry Analysis and Forecast (2022-2029)

Cosmetic Surgery Market was valued at USD 48.27 Bn. in 2021. Global Cosmetic Surgery Market size is expected to grow at a CAGR of 4.50% through the forecast period.
Cosmetic Surgery Market Overview:
Cosmetic surgery is a type of plastic surgery that involves surgical and non-surgical procedures to improve the appearance and confidence of patients. Plastic surgery is a type of surgery that focuses on repairing, recreating, or modifying the appearance of the human body. Because of better safety margins, rising obesity, accidents, and an increase in the number of cosmetic surgery hospitals, the market for cosmetic surgery is expected to grow significantly. The growth of the tourism sector, as well as the formation of tourism clusters in locations like Miami and Bangkok, has increased not only awareness but also demand for cosmetic operations.

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Cosmetic Surgery Market Dynamics:
Market Trends:

Cosmetic surgery trends show that demand will continue to rise as treatments get more advanced, less invasive, and more affordable. To raise the quality of processes, even more, new technology and innovative methodologies will be developed. Many people want to look and feel their best in today's society. Plastic surgery can help with this and aid to slow down the aging process. As people are working longer and live longer, the desire to look young and handsome may grow even more commonplace.

Some plastic surgeries are expected to maintain their popularity in the future. In the United Kingdom and the United States, for example, the number of liposuction treatments is increasing. Because obesity and overweight are on the rise in these populations, liposuction is likely to be a popular plastic surgery treatment shortly. Natural and incremental plastic surgery changes are expected to be the trend now and in the future.

Non-surgical treatments have also grown in popularity in recent years, and this trend is expected to continue. Patients will continue to combine various procedures and seek completely non-invasive options to manage facial aging and achieve the body features they desire. For plastic surgeons, stem cell technology is an interesting concept. Stem cells can be harvested and used to regenerate human cells and tissues. In the future, stem cell technologies and tissue engineering may be combined to grow new body parts as required. The skin and ears, for example, will be grown in the lab and implanted to restore form and function.

Extra fat tissue from a patient can be transferred and recreated in other regions of the body. Plastic surgery on the breasts, buttocks, face, and hands has benefited from this revolutionary method. This is currently only a possibility for patients who have enough fat in other parts of their bodies.
Covid-19 Insights:
As the epicentre of this unprecedented pandemic issue, the impact of COVID-19 is visible in the healthcare sector. The COVID-19 outbreak has had a negative impact on cosmetic surgeries and related products all over the country, as demand for various aesthetic procedures has decreased. The primary recognized reasons responsible for the lowered demand include imposed lockdowns, the suspension of elective procedures, and supply chain disruption. Several medical and cosmetic organizations issued guidelines recommending telehealth and virtual consultations to promote the cosmetic sector during the epidemic. As a result, during the forecast period, such advanced models are expected to present a new set of models for aesthetic home care settings processes.

Market Restraints: The number of licensed medical spas is rapidly increasing around the country. The number of these healthcare settings providing a wide range of service options has increased in several nations, including Brazil, South Korea, the United States, and others. However, the emergence of non-licensed facilities overall world has disrupted this factor by creating an unregulated market.

A rise in the number of illegal vendors offering cosmetic surgery has been observed in several countries, drawing a considerable proportion of the population willing to undergo aesthetic procedures. Unregistered medical practitioners and surgeons work in these facilities, which has a significant negative impact on the market. As a result of this factor, the number of cosmetic surgeries that go wrong is increasing, with patients receiving substandard products and implants. The presence of an unregulated market, which is expected to restrain the market growth during the forecast period, has been related to an increase in the incidence of harmful effects of aesthetic surgery.
Cosmetic Surgery Market Segment Analysis:
Based on Procedure, the Cosmetic Surgery Market is segmented into Surgical and Non-Surgical. The market is divided into surgical and non-surgical procedures based on the procedure. Surgical procedures dominated the aesthetic surgery market in terms of revenue. Although the fact that the number of surgical procedures performed overall in the country is much less than the number of non-surgical procedures, the higher cost of these surgical procedures due to long-term effects is a major element in the segment's larger revenue share. Breast augmentation, liposuction, eyelid surgery, abdominoplasty, and rhinoplasty were the most popular surgical procedures. the number of procedures for eyelid surgery increased by 14. %, while rhinoplasty procedures increased by 15.1 %.

However, because of the growing number of patients undergoing injectable and dermal filler procedures around the country, the number of non-surgical procedures is on the increase. In 2021, botulinum toxin and hyaluronic acid were the most popular non-surgical cosmetic procedures. In 2021, these two procedures accounted for more than 80% of all non-surgical procedures performed in the country. Growing public awareness of non-surgical procedures, combined with the decreasing prices of these procedures, has resulted in a large patient pool undergoing these processes. The introduction of advanced dermal fillers into the market is expected to boost the segment's growth.



Based on the Provider, the Cosmetic Surgery Market is segmented into Hospital & Speciality clinics, and Spas & cosmetic surgery centers. An increase in the number of licensed hospitals and specialist clinics in regions such as China, South Korea, the United States, India, and Brazil has made cosmetic surgery more accessible to patients. Even though there are several spas and cosmetic surgery centers that offer a variety of procedures, cosmetic surgeons prefer to be connected with hospitals and specialist clinics that provide a wide variety of services.

Medical tourism is growing in Brazil and the Asia Pacific region, which is driving the development of new medical spas. Following the United States, Brazil and South Korea are among the most popular tourist destinations for cosmetic surgery around the country. This has increased the number of licensed medical spas and cosmetic surgery centers in these countries, driving the market's growth. Because of the lots of benefits offered by these settings, such as insurance and funding, the hospitals & specialized clinics category is expected to grow at a moderate CAGR over the forecast period.

Based on Gender, The market is divided into two genders: females and males. In 2021, the female group will lead the market. During the forecast period, the market is expected to maintain its dominance. Females accounted for more than 85 % of surgical and non-surgical procedures performed across the country in 2021. The rising number of females receiving cosmetic treatments is due to a rapidly growing emphasis on personal aesthetic appearance among females and rising per capita expenditure in emerging countries. This element is boosted by the growing number of medical spas that provide a wide range of services and advanced technology and products. These factors are driving the female segment of the market ahead.

The number of aesthetic surgery treatments performed on males is steadily growing all over the country. The increase in the number of males receiving cosmetic surgical procedures has been attributed to increasing urbanization and lowering the social stigma associated with such procedures. Today, the overall number of men receiving surgical procedures such as gynecomastia, eyelid surgery, rhinoplasty, and liposuction is growing steadily.
Cosmetic Surgery Market Regional Insights:
The North America region dominated the market with a 45 % share in 2021. The North America region is expected to witness significant growth at a CAGR of 4.5% through the forecast period. Because of the increase in people interested in external beauty, acceptance of novel cosmetic treatments, and advancements in cosmetic surgery technology, North America is leading the cosmetic surgery market. While Asia-Pacific (APAC) is expected to grow at the fastest rate due to rising demand for cosmetic surgeries as a result of rising social influences on the concept of beauty, as well as improved healthcare infrastructure.

The objective of the report is to present a comprehensive analysis of the global Cosmetic Surgery Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Cosmetic Surgery Market dynamic, structure by analyzing the market segments and projecting the Cosmetic Surgery Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Cosmetic Surgery Market make the report investor’s guide.
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Global Cosmetic Surgery Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 48.27 Bn.


Forecast Period 2022 to 2029 CAGR:
4.50%
Market Size in 2029:
US $ 68.64 Bn.


 Segments Covered:
by Procedure
• Surgical Procedure
i. Breast Augmentation
ii. Liposuction
iii. Eyelid Surgery
iv. Abdominoplasty
v. Rhinoplasty
vi. Others
• Non-surgical Procedures
i. Botulinum Toxin
ii. Hyaluronic Acid
iii. Hair Removal
iv. Nonsurgical Fat reduction
v. Rejuvenation
vi. Others


by Gender
• Females
• Male


by Provider
• Hospitals & Specialty clinics
• Spas & cosmetic surgery center



Cosmetic Surgery Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Cosmetic Surgery Market Key Players
• Allergan
• Mentor Worldwide
• GC aesthetics
• Sientra
• Polytech Health & Aesthetic GmbH
• HansBiomed
• GALDERMA
• Alma Lasers
• Merz Pharma
• Cutera
• Anika Therapeutics
• Valeant Pharmaceutical
• Syneron
• Cynosure
• Suneva medical
• Blue Plastic Surgery
• Australia Cosmetic clinic
• AbbVie
• Solta medical
• Johnson & Johnson Services

Frequently Asked Questions:

1] What segments are covered in the Global Cosmetic Surgery Market report?
Ans. The segments covered in the Cosmetic Surgery Market report are based on Procedure, Gender, and Provider.

2] Which region is expected to hold the highest share in the Global Cosmetic Surgery Market?
Ans. The North America region is expected to hold the highest share in the Cosmetic Surgery Market.

3] What is the market size of the Global Cosmetic Surgery Market by 2029?
Ans. The market size of the Cosmetic Surgery Market by 2027 is expected to reach USD 68.64 Bn.

4] What is the forecast period for the Global Cosmetic Surgery Market?
Ans. The forecast period for the Cosmetic Surgery Market is 2022-2029.

5] What was the market size of the Global Cosmetic Surgery Market in 2021?
Ans. The market size of the Cosmetic Surgery Market in 2021 was valued at USD 48.27 Bn.