Cosmetic surgery and procedure sales will reach US$146.5 billion

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Rockville, Oct. 14, 2022 (GLOBE NEWSWIRE) — Global demand for cosmetic surgeries and procedures is expected to grow at an impressive CAGR of 9.8% from 2022 to 2030. Currently, the global cosmetic surgery and procedures market is valued at US$ 69.2 billion and is expected to reach $146.5 billion by the end of 2030.

Changing societal beauty and aesthetic standards will be one of the major market drivers in the coming years. Growing attention on physical appearance, increasing influence of celebrities, increasing fitness awareness and increasing availability of several cosmetic procedures are some of the other factors that will drive the demand for cosmetic surgeries and procedures .

Growing availability of non-surgical cosmetic procedures, increasing disposable income, rising focus on fitness and health, and growing prevalence of various skin disorders are other factors that are expected to fuel the growth of the cosmetics market. cosmetic procedures during the forecast period.

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Non-invasive cosmetic procedures are expected to account for a dominant market share owing to the growing patient preference and low costs of these procedures over invasive surgeries. In 2021, non-invasive surgeries accounted for a significant 54% share of the cosmetic surgery and procedures market.

The leading companies in the market are focusing on product innovation to strengthen their presence in the global market and increase their revenue generating capacity.

  • Prayasta, a Bengaluru-based start-up specializing in soft tissue development, is harnessing 3D printing technology to create personalized breast implants and prosthetics for mastectomy survivors. The company aims to help mastectomy survivors by providing them with custom soft tissue breast implants.

Key insights from market research

  • At present, the global market for cosmetic surgery and procedures is valued at US$69.2 billion.
  • By the end of 2030, the market is expected to generate revenue worth US$146.5 billion.
  • The demand for cosmetic surgeries and procedures is expected to grow at a CAGR of 9.8% over the next eight years.
  • Rising disposable income, growing aesthetic awareness, rising aging population, growing availability of non-invasive cosmetic procedures, and high prevalence of skin disorders are the major drivers of the market.
  • The North American market for cosmetic surgery and procedures represents approximately 35% of the global market share in 2022.
  • Improper reimbursement and high costs of some cosmetic procedures are expected to hamper the market growth to some extent.
  • Non-invasive cosmetic procedures accounted for a dominant market share of approximately 54% in 2021.
  • The market in China is expected to be valued at $27 billion by the end of 2030, growing at an astronomical CAGR of 15% over the same period.

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Cosmetic Surgery and Procedures Industry Research Segments

  • By procedure:
    • invasive
      • Mammal augmentation
      • Liposuction
      • Nose reshaping
      • Eyelid surgeries
      • Abdominoplasty
      • Others
    • Non invasive
      • Botox injections
      • Soft tissue fillers
      • Chemical peel
      • Laser hair removal
      • Microdermabrasion
      • Others
  • By gender:
  • By age group:
  • By region:
    • North America
    • Latin America
    • Europe
    • APAC
    • AEM

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Winning strategy

Companies in the cosmetic surgery and procedures market are expected to invest in expanding their business scope in emerging economies such as India and China. They must also invest in the research and development of innovative aesthetic products and adopt various marketing strategies to maximize their sales potential globally.

This new cosmetic surgery and procedures market research analysis by Fact.MR, a market research and competitive intelligence provider, offers a detailed overview of all the strategies adopted by major and minor market players operating in industry.

More valuable information in offer

Fact.MR, in its new offering, presents an unbiased analysis of the global cosmetic surgery and procedures market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2030.

The study discloses essential market information on the basis of procedure (invasive, non-invasive), gender (male, female) and age group (13-29, 30-54, 55 and above), in five major regions (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa).

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