Cosmetic Surgery Market Size, Share, Growth, Trends, and Forecast, 2030

Industry Perspective:

The global cosmetic surgery market size was evaluated at $54.80 Billion in 2022 and is slated to hit $72.33 Billion by the end of 2030 with a CAGR of nearly 4.5% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The cosmetic surgery industry report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Cosmetic Surgery Market: Overview

Cosmetic surgery is aimed at enhancing the looks and visual appearance of the face as well as other parts of the body that can help in boosting the confidence of an individual. It is utilized for restoring damaged skin and removing blemishes as well as wrinkles on the skin. Moreover, cosmetic surgery helps in adjusting facial features and removing as well as adding hair. The main cosmetic procedures include surgical as well as non-surgical procedures. Reportedly, invasive surgical methods are utilized for improving and reshaping body structures for improving the appearance of an individual.

Key Insights

• As per the analysis shared by our research analyst, the global cosmetic surgery market is projected to expand annually at the annual growth rate of around 4.5% over the forecast timespan (2023-2030)
• In terms of revenue, the global cosmetic surgery market was evaluated at nearly $54.80 billion in 2022 and is expected to reach $72.33 billion by 2030.
• The global cosmetic surgery market is anticipated to record massive growth over the forecast period owing to fitness consciousness among the youth and the old and the need for looking good.
• Based on procedures, the non-Invasive segment is predicted to register the highest CAGR over the forecast timeline.
• In terms of end-user, the cosmetic surgical centers segment is slated to contribute majorly towards the global market share over 2023-2030.
• Region-wise, the North American cosmetic surgery market is projected to account for the highest growth during the assessment period.

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Cosmetic Surgery Market: Growth Factors

Rising trend of cosmetic surgical procedures among youth & aging population to boost the global market growth over 2023-2030

Fitness consciousness among the youth and the old and the need for looking good will drive global market trends. The popularity of aesthetic treatments among the population of emerging economies will spur the demand for cosmetic surgeries in the upcoming years. The growing prominence of cosmetic surgical procedures including nose reshaping, Botox injections, and liposuction will embellish the size of the global cosmetic surgery market.

A large number of celebrities opting for cosmetic surgeries to maintain their glamor along with an increase in promotions of cosmetic surgeries by these celebrities will help the cosmetic surgery market gain traction across the globe in the years to come. With the growing popularity of cosmetic surgery in the countries such as India, China, Japan, Brazil, South Africa, and South Korea, the market for cosmetic surgery is set to expand by leaps & bounds in the years to come. Rapidly emerging fashion trends across the globe will further contribute to the sizable growth of the cosmetic surgery market globally.

With corporates as well as individuals focusing on physical appearance and aesthetic appeal that helps in boosting their confidence, it is more likely that the demand for cosmetic surgeries will increase across the globe in the years ahead. An increase in awareness about skin therapy has led to the humongous need for cosmetic surgeries, thereby proliferating the growth of the cosmetic surgery market across the globe.

Cosmetic Surgery Market: Hindrances

Massive costs of products used for cosmetic surgeries can hinder the global industry surge over 2023-2030

Huge costs of cosmetic surgeries and side effects related to cosmetic surgical procedures can impede the global cosmetic surgery industry expansion.

Cosmetic Surgery Market: Opportunities

Increase in the working women population to generate new growth opportunities for the global market

The rise in the approval of cosmetic surgeries by state authorities in Europe and the U.S. will open new avenues of growth for the global cosmetic surgery market. The rise in the working female population globally will create new facets of growth for the market across the globe. Technological breakthroughs in the healthcare sector will help market players explore market growth potential in untapped regions, thereby creating new horizons of growth for the market.  

Cosmetic Surgery Market: Challenges

Surging raw material costs create the biggest challenge in the growth path of the industry across the globe

The increase in the costs of components and disruption in the supply chain owing to the outbreak of diseases such as COVID and the spread of the H3N2 virus has posed a huge challenge in the path of growth of the global cosmetic surgery industry.

Cosmetic Surgery Market: Segmentation

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

Based on the procedures, the global cosmetic surgery market is divided into invasive procedures and non-invasive procedures segments. Furthermore, the non-invasive procedures segment, which dominated the procedures landscape in 2022, is projected to lead the segmental surge over the projected timeline. Furthermore, the segment is set to register the highest CAGR over the forecast timespan. The segmental expansion over the forecast timeline can be due to low pain caused while performing non-invasive cosmetic surgery on an individual.

On basis of the end-user, the global cosmetic surgery industry is bifurcated into the hospitals & clinics, ambulatory surgical units, and cosmetic surgical centers segments. Furthermore, the cosmetic surgical centers segment, which contributed 38.2% to the global industry share in 2022, is anticipated to dominate the end-user segment in the forecasting timeline. Additionally, the growth of the segment over the assessment timespan can be due to the large-scale popularity of cosmetic surgeries among the people of emerging economies and developed countries globally.

Recent Breakthroughs

• In the first half of 2020, Allergan Aesthetics, a division of AbbVie Inc. which is a pharmaceutical firm, received the U.S. FDA approval for its new product referred to as JUVÉDERM® VOLUMA™ XC, which helps in the augmenting chin in adults. The move will expand the scope of the cosmetic surgery market in the U.S. and across the North American sub-continent.
• In the second half of 2022, LightStim, a family-owned firm aiding beauty & healthcare experts, introduced Elipsa, the equipment providing dual therapy for treating wrinkles & acne through the use of LED techniques. Moreover, the equipment can be utilized by end-users even at home. The strategic move is projected to boost the expansion of the cosmetic products business as well as the cosmetic surgery industry across the globe.
• In July 2020, Bausch Health Companies Inc., a specialty pharmaceutical firm based in Canada developing & promoting pharmaceutical & skin treating products, introduced the Thermax FLX system, a radiofrequency equipment, that is devised for tightening the skin. Reportedly, it is the only the FDA -approved equipment that is utilized in eyelid treatment. The initiative will embellish the demand for cosmetic products used in cosmetic surgeries.

Cosmetic Surgery Market: Report Scope

Cosmetic Surgery Market: Regional Insights 

North America to make notable contributions toward the global cosmetic surgery market share by 2030

North America, which accounted for 50% of the global market share in 2022, is anticipated to account for the highest share of the global cosmetic surgery market over the forecast timeline. The regional market expansion over the assessment period can be attributed to the easy availability of advanced cosmetic equipment, technological breakthroughs in cosmetic procedures, and the easy availability of skilled cosmetic surgeons.

On the other hand, the Asia-Pacific cosmetic surgery industry is predicted to register the fastest CAGR of 7.01% in the upcoming years. The regional industry growth can be credited to the rise in the popularity of cosmetic surgeries in the countries such as South Korea, China, and India. Apart from this, easy access to technologically advanced cosmetic items and the focus of the population of these countries on improving physical appearance will boost regional industry growth. Moreover, the presence of giant manufacturers in the region has prompted the growth of the cosmetic surgery industry across the Asia-Pacific zone.

Cosmetic Surgery Market: Competitive Space

The global cosmetic surgery market profiles key players such as:

• 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