Global cosmetic surgery industry expected to reach $201 billion by 2031 – ResearchAndMarkets.com

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DUBLIN–()–The “Cosmetic Surgery Market by Gender, Age Group, Procedure, End User: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to from ResearchAndMarkets.com offer.

Global Cosmetic Surgery Market was valued at USD 67,289.1 Million in 2021 and is projected to reach USD 201,025.5 Million by 2031, registering a CAGR of 11.6% from 2022 to 2031.

Cosmetic surgery is a type of plastic surgery that aims to improve a person’s appearance. It is the unique discipline of medicine focused on improving appearance through surgical and medical techniques. Cosmetic surgery can be performed on any part of the face or body. It is a voluntary choice made by a patient to have cosmetic surgery. It includes body contouring, breast enhancement, face contouring, facial rejuvenation, skin rejuvenation, eyelid surgery, liposuction, rhinoplasty and face lift. The non-surgical procedure includes botulinum toxin, soft tissue fillers, laser skin resurfacing, microdermabrasion, intense pulsed light, chemical peeling, and laser skin resurfacing.

Cosmetic surgery market is driven by rise in number of cosmetic procedures such as body contouring, breast enhancement, face contouring, rise in demand for aesthetic treatments, health awareness of the skin and increased expenditure on human health services.

Moreover, increasing number of key players to launch various cosmetic surgery products is driving the growth of the market. Increase in the number of licensed medical spas. Rising self-awareness among young people regarding aesthetic appearance is expected to propel the growth of the market. According to a report by the American Society of Plastic Surgeons (ASPS), in 2020, it was reported that approximately 16 million cosmetic procedures are performed worldwide. According to the same source, it was also reported that consumers spend approximately $20 billion on cosmetic surgery procedures worldwide for all consumers. Breast augmentation surgery remains the leading cosmetic surgery procedure in the United States

According to the aesthetic society, more than 250,000 primary breast augmentation procedures were performed in the United States in 2020. According to Galderma, one of the aesthetic product manufacturing companies, the increase in the number of new products for the surgery aesthetics also stimulates the market. For example, in January 2021, Candela Syneron, a healthcare equipment manufacturing company, announced the launch of the frax pro system. This is a smarter version of the frax dual depth skin resurfacing device.

However, the side effects associated with cosmetic procedures and the high cost of surgical cosmetic procedures are expected to hamper the market growth over the forecast period. Side effects such as anesthesia-related complications, infections, edema, abnormal scarring, numbness or nerve damage at the surgical site are hampering the growth of the market.

The development of products with advanced technologies for cosmetic procedures is driving the demand for cosmetic surgery and providing growth opportunities for the cosmetic surgery market. For example, in February 2022, Galderma, a pharmaceutical company, announced the launch of alastin skin care reform and repair complex with trihex technology. It is designed to help recovery after surgery on the body.

Main benefits for stakeholders

  • This report provides quantitative analysis of market segments, current trends, estimates and dynamics of Cosmetic Surgery Market analysis from 2021 to 2031 to identify the Cosmetic Surgery market opportunity.

  • Market research is offered with information related to key drivers, restraints, and opportunities.

  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • An in-depth analysis of cosmetic surgery market segmentation helps to determine the existing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution in the global market.

  • The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.

  • The report includes analysis of regional and global cosmetic surgery market trends, key players, market segments, application areas and market growth strategies.

Key market segments

By gender

By age group

  • 13 to 29

  • 30 to 54

  • 55 and over

By procedure

  • Mammal augmentation

  • Eyelid surgery

  • Liposuction

  • Rhinoplasty

  • Others

Per end user

  • Ambulatory surgery service

  • Hospital and clinic

  • Practice and cosmetic surgery center

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • The rest of Europe

  • Asia Pacific

  • India

  • Australia

  • Rest of Asia-Pacific

  • China

  • Japan

  • LAMEA

  • Brazil

  • Saudi Arabia

  • Colombia

  • Rest of LAMEA

Main market players

  • Abbvie Inc.

  • Bausch Health Companies Inc.

  • Candela Syneron

  • cynosure inc

  • Galderma SA

  • Merz Pharma GmbH and Co. KGaA

  • Sientra Inc.

  • Sinclair Pharmaceuticals Limited

  • Teoxane Laboratories

  • Johnson and Johnson11

For more information on this report, visit https://www.researchandmarkets.com/r/e40apj

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