Global Cosmetic Surgery Market Is Anticipated to Surge Approximately $72.33 Billion By 2030

11-Apr-2023 | Zion Market Research

The global Cosmetic Surgery Market Is Likely To Grow At A CAGR Value Of Around 4.5% By 2030

The global cosmetic surgery industry size was nearly $54.80 Billion in 2022 and is anticipated to surge to approximately $72.33 Billion by 2030 along with recording the highest growth rate of nearly 4.5% from 2023 to 2030.

Global Cosmetic Surgery Market Size

Cosmetic surgery is used in the restoration of damaged skin as well as the removal of wrinkles and blemishes from the skin. Various kinds of cosmetic surgeries are performed on individuals for tightening skin along with improving the appearance of the skin, adjusting facial features, and either adding hair or removing hair. The millennial population, as well as adults & old people, are focusing on looking good and minimizing minor defects occurring on the face or other parts of the body, thereby generating huge demand for cosmetic surgeries. Moreover, the rise in the promotion of cosmetic surgeries by celebrities has paved a way for immense demand for these surgeries across the globe.   

An increase in the fitness consciousness among individuals and the need for looking good has resulted in huge demand for aesthetic skin treatments, thereby leading to the massive growth of the cosmetic surgery market across the globe. Furthermore, aesthetic methods such as the utilization of Botox injections, liposuction, and nose reshaping are gaining popularity across emerging economies, thereby helping the market gain momentum. Other factors adding to the market growth globally are a rise in consumer disposable income, high demand for improving visual appearance, and a rise in the purchase of items used in cosmetic surgeries. Surging demand for cosmetic procedures from men will boost the global market trends.

However, the increase in complications and side effects related to cosmetic surgery and the huge costs of raw materials can impede the growth of the cosmetic surgery industry across the globe. Apart from this, disrupting supply chain activities can further decimate the industry's growth. Safety concerns occur in the psyche of an individual and this can restrict people from undergoing cosmetic surgeries, thereby putting brakes on the global industry demand. Nevertheless, the thriving medical tourism industry in the countries such as India, Mexico, Argentina, and Thailand will create new growth opportunities for the cosmetic surgery market across the globe.

Global Cosmetic Surgery Market

The global cosmetic surgery market is divided into procedures, end-user, and regions.  

The procedures segment of the cosmetic surgery market is sub-segmented into invasive procedures and non-invasive procedures segments. Furthermore, the non-invasive procedures segment, which accounted for 30% of the global adhesives market share in 2022, is predicted to dominate the procedures segment in the foreseeable future. The segmental growth over 2023-2030 can be credited to the low costs associated with non-invasive surgeries and lesser pain caused due to the use of these surgical methods.  

On basis of end-user, the cosmetic surgery industry across the globe is divided into hospitals & clinics, ambulatory surgical units, and cosmetic surgical centers segments. Moreover, the cosmetic surgical centers segment, which accounted for the major industry share in 2022, will dominate the end-user space in the upcoming years. The segmental growth over the assessment timeline can be attributed to the emergence of new cosmetic surgery units across the globe and thriving medical tourism activities in the emerging economies of Latin America and Asia.

The cosmetic surgery market in the Asia-Pacific zone is projected to register the highest CAGR over the ensuing years. The expansion of the market in the region can be credited to changing fashion trends along with growing awareness among people to look good and improve their physical appearance. In addition to this, the growing demand for products used for performing cosmetic surgeries in the countries such as South Korea, Indonesia India, Thailand, Japan, Singapore, and China will proliferate the size growth of the global market in the Asia-Pacific region.

Apart from this, the North American cosmetic surgery industry is projected to account for major growth over the forecasting years with the presence of highly-trained professional surgeons in countries such as Canada and the U.S. In addition to this, the use of advanced techniques in the cosmetic surgery industry as well as aesthetic equipment will boost the industry trends in North America.

This review is based on a report by Zion Market Research, titled Cosmetic Surgery Market By Procedures (Invasive Procedures and Non-invasive Procedures), By End-User (Ambulatory Surgical Units, Hospitals & Clinics, and Cosmetic Surgical Centers), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/cosmetic-surgery-market

Recent Developments:

  • In the first half of 2022, Merz Pharma GmbH & Co. KGaA, a key pharmaceutical firm based in Germany, launched Radiesse + Lidocaine injectable product implant. The new product implant is utilized as a deep injection for expanding soft tissues and helps in improving moderate or severe jawline shape loss in adults. The move will boost the expansion of the cosmetic surgery industry across the globe.
  • In the first quarter of 2021, Allergan Aesthetics, a division of AbbVie Inc., introduced CoolSculpting Elite. The new product is utilized in treating fat bulges in various body parts. This initiative will enlarge the scope of demand for cosmetic surgeries across the globe.

Key players in the global cosmetic surgery market include:

  • AbbVie Inc.
  • Evolus Inc.
  • Solta Medical
  • Cynosure
  • Revance Therapeutics Inc.
  • Galderma S.A.
  • Merz Pharma
  • Sientra Inc.
  • Lumenis
  • Apyx Medical
  • Candela Medical Corporation
  • Long Island Plastic Surgical Group
  • PC
  • Alma Lasers Inc.

The global cosmetic surgery market is segmented as follows:

By Procedures

  • Invasive Procedures
  • Non-invasive Procedures

By End-User

  • Ambulatory Surgical Units
  • Hospitals & Clinics
  • Cosmetic Surgical Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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