Global Cosmetic Surgery Market

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 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.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 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. '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.'

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.

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Cosmetic Surgery Market

Product ID: SQMIG35C2004

$5,300
BUY NOW GET FREE SAMPLE