USD 67.3 billion
Global Cosmetic Surgery Market Size, Share, Growth Analysis, By Type(Surgical Procedures {Breast Augmentation, Liposuction), By Gender(Females, Males), By Providers(Hospitals & Specialty Clinics, Cosmetic Surgery Centers) - Industry Forecast 2024-2031
Report ID:
SQMIG35C2004 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
98 |
Figures:
76
Global Cosmetic Surgery Market Insights
Cosmetic Surgery Market size was valued at USD 67.3 billion in 2019 and is poised to grow from USD 75.11 billion in 2023 to USD 201.68 billion by 2031, growing at a CAGR of 11.6% in the forecast period (2024-2031).
The cosmetic surgery market is rapidly expanding. The industry is being propelled forward by technological advancements and the development of sophisticated materials such as silicone implants. Furthermore, social and cultural factors such as media, fashion, and entertainment industry influences, as well as social networking apps such as Snapchat and Instagram, are driving the global market. The non-essential nature of cosmetic surgery, the social taboo against injuring parts of the body, and the high costs associated with these surgeries, on the other hand, are some of the major barriers to the growth of the cosmetic surgery market. Economic factors such as rising per capita income and lower cosmetic surgery costs are expected to drive market growth in the coming years.
Social influences in the fashion, film, and media industries, peer pressure on appearance and charm, changing dimensions of beauty, and the expansion of the tourism sector and the establishment of medical tourism clusters such as Miami and Bangkok increased exposure to cosmetic surgery and created a high demand for these procedures. Increased obesity, accidents, increased safety margins for cosmetic surgery, and an increase in the number of cosmetic surgery hospitals are all health-related factors. The development of sophisticated materials such as silicone implants is one of the technical aspects. Economic factors such as rising per capita income and lower cosmetic surgery costs are major growth drivers in the global market.
US Cosmetic Surgery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Females
Fastest Growth
Females
Growth Rate
11.6% CAGR
Global Cosmetic Surgery Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
Global Cosmetic Surgery Market Size By Gender , 2021-2028 ($ Bn)
Global Cosmetic Surgery Market Size By Gender, 2021-2028 (%)
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Global Cosmetic Surgery Market Segmental Analysis
The Global Cosmetic Surgery Market is segmented based on the type, gender, providers and region. Based on the type, Cosmetic Surgery Market is segmented into surgical procedures and non-surgical procedures. The surgical procedures further segmented into breast augmentation, liposuction, eyelid surgery, abdominoplasty, rhinoplasty, and others. While, the non-surgical procedures further segmented into botulinum toxin, hyaluronic acid, hair removal, nonsurgical fat reduction, photo rejuvenation, and others. Based on gender, it is segmented into females, and males. Based on providers, Cosmetic Surgery Market is segmented into hospitals & specialty clinics, cosmetic surgery centers, and others. Based on region Cosmetic Surgery Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Cosmetic Surgery Market Analysis by Gender
The global cosmetic surgery market is segmented based on product into females, and males. In 2021, the female segment will dominate the market. During the forecast period, the segment is expected to maintain its dominance. Females will account for more than 85% of surgical and non-surgical procedures performed globally in 2020, according to The International Society of Aesthetic Plastic Surgery (ISAPS). Females' increasing emphasis on personal aesthetic appearance, combined with rising per capita expenditure in emerging countries, leads to an increase in the number of females undergoing cosmetic procedures. This factor is bolstered further by the growing number of medical spas offering a variety of services as well as new and advanced instruments and products. These factors are propelling the market's female segment forward.
Cosmetic Surgery Market Analysis by Provider
The global cosmetic surgery market is segmented based on product into hospitals & specialty clinics, cosmetic surgery centers, and others. A rise in the number of licenced hospitals and specialty clinics in countries such as China, South Korea, the United States, India, and Brazil has made cosmetic surgery more accessible to patients. Despite the fact that there are numerous spas and cosmetic surgery centres offering various procedures, cosmetic surgeons prefer to be associated with hospitals and specialty clinics that offer a diverse portfolio of services. According to the International Society of Aesthetic Plastic Surgery (ISAPS), hospitals will perform approximately 47% of total cosmetic procedures.
Global Cosmetic Surgery Market By Gender, 2021(%), 2023 (%)
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Global Cosmetic Surgery Market Regional Insights
The global cosmetic surgery market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region is expected to account for the largest market. In terms of the number of cosmetic surgery procedures performed in 2021, the United States is the market leader. The International Society of Aesthetic and Plastic Surgeons (ISAPS) estimates that 4.0 million cosmetic procedures were performed in the United States in 2019. This factor is aided further by the country's higher prices per procedure and higher per capita expenditure. Latin America and Asia Pacific will trail North America on the market leader board in 2021. The presence of a lucrative market in Brazil, Mexico, Colombia, and other Latin American countries, as well as growing medical tourism in these countries, are driving the growth of the Latin American cosmetic surgery market.
Global Cosmetic Surgery Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Cosmetic Surgery Market Dynamics
Cosmetic Surgery Market Driver
The availability of technologically advanced products will boost global demand for non-surgical cosmetic procedures
- The market's key players offering products and instruments have cited the lucrative growth and are looking to capitalize on their current market share. An increasing demand for advanced products with fewer side effects and post-surgical interventions has prompted market players to focus on R&D in order to introduce advanced products.
- The growing demand for innovative products by healthcare providers and patients, as well as the growing emphasis on reducing or eliminating the negative effects of implants and other cosmetic products, has resulted in the introduction of advanced products to the market. This factor, along with the growing emphasis on aesthetics and increased awareness of available procedures, drives the growth of the cosmetic surgery market.
Cosmetic Surgery Market Restraints
The Presence of an Unregulated Market Will Limit Growth
- Globally, the number of licenced medical spas is rapidly increasing. Various countries, including Brazil, South Korea, the United States, and others, have seen an increase in the number of these healthcare settings offering a variety of service offerings. However, the presence of an unregulated market with the emergence of non-licensed facilities globally disrupts this factor.
- Several countries have seen an increase in the number of illegal vendors offering cosmetic procedures and attracting a sizable proportion of the population willing to undergo aesthetic procedures. These facilities house unregistered medical practitioners and surgeons, which has a significant negative impact on the market. This factor contributes to an increase in the number of cosmetic surgeries that go wrong, with patients receiving subpar products and implants. The presence of an unregulated market, which is expected to restrain market growth during the forecast period, has been linked to an increase in cases of adverse effects of aesthetic surgery.
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Global Cosmetic Surgery Market Competitive Landscape
The cosmetic surgery market is fragmented, with key players operating in each country and providing a diverse range of services and procedures to their customers. There is no clear dominant player in the market, which has contributed to its oligopolistic and fragmented nature. For instance, Abbvie Inc. (Allergan) maintains its market position by focusing heavily on production facility expansion and R&D infrastructure development. A few small-scale companies are also penetrating the market and gaining a significant share through product innovation.
Cosmetic Surgery Market Top Player’s Company Profiles
- 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.
Cosmetic Surgery Market Recent Developments
- In May 2021, PERLE, GC Aesthetics Inc.'s next generation of breast implants, has been launched. PERLE is a cutting-edge line of smooth breast implants with a proprietary surface technology, GCA's industry-leading gel technology, and an enhanced version of the safety features that have contributed to GCA's long-term excellent safety record.
- In February 2021, Galderma announced that the US FDA has approved RESTYLANE DEFYNE for the augmentation and correction of mild to moderate chin retrusion in adults over the age of 21.
Global Cosmetic Surgery Key Market Trends
- Cosmetic surgery market trends, such as non-surgical procedures such as Botulinum toxin and other injectables, has been in the spotlight. The number of medical spas and specialty clinics offering these procedures is increasing all the time. This factor has led to an increase in the number of people undergoing non-surgical dermal filler and facial injectable procedures to improve their cosmetic appearance. In this digital and social media-dominated world, a growing emphasis and self-awareness among the population towards aesthetic appearance has been pivotal in the observed increase in the number of patients undergoing aesthetic medicine and cosmetic surgery market.
Global Cosmetic Surgery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global cosmetic surgery market analysis, rising consumer desire to boost self-esteem, as well as the development of self-monitoring applications, will increase the number of opportunities that will lead to the emergence of the cosmetic surgery and services market over the forecast period. Among surgical procedures, nose reshaping, eyelid surgery, and facelift have seen a significant increase in the number of patients undergoing these procedures. The American Society for Aesthetic Plastic Surgery (ASAPS) reports that nose reshaping (rhinoplasty) (15.2%), eyelid surgery (14.0%), and facelift (18%) will be among the most popular surgical procedures in the United States.
The cosmetic surgery market report provides qualitative and quantitative insights into the market, as well as a detailed analysis of cosmetic surgery market size and growth rate for all possible market segments. In addition, the report provides an in-depth examination of the cosmetic surgery market share, market dynamics, emerging trends, and competitive landscape.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 67.3 billion |
| Market size value in 2031 | USD 201.68 billion |
| Growth Rate | 11.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cosmetic Surgery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cosmetic Surgery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cosmetic Surgery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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 Report Snapshots
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