11-Apr-2023 | Zion Market Research
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.
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.
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
Key players in the global cosmetic surgery market include:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651