The cosmetic surgery market size is worth around USD 205.1 billion

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Ottawa, Aug. 31, 2022 (GLOBE NEWSWIRE) — Recently released report on “cosmetic surgery market (By Procedure, By Gender, By Age, By End User) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook and Forecast 2022-2030”.

The role of cosmetic surgery procedures is to enhance the aesthetic value of the particular part that has been selected for the procedure. The field of cosmetic surgery mainly concerns the reconstruction, modification and repair of different parts of the human body in order to improve its appearance. This market is currently expanding with the increasing demand for a perfect body or facial structure.

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With the rapid increase in modernization and urbanization, various skin disorders have become prevalent in society and require cosmetic surgeries for treatment. Along with modernization, people’s eating habits have also changed, which has increased the number of people suffering from obesity. Hence, the number of cosmetic surgeries has increased which has significantly increased the size of the market.

Regional Snaps

The North American region led the segment owing to the rapid technological advancements that have been seen in the field of cosmetic surgery. The growing demand for improved aesthetic features among the population has also significantly boosted the market for cosmetic surgery procedures. The increasing number of road accidents has also boosted the market for cosmetic surgery procedures. The rapidly developing tourism industry has boosted the cosmetic surgery industry in the Bangkok and Miami areas. With the rapid progress of the television industry, the importance of perfect aesthetic features has increased significantly, which has helped increase the size of the cosmetic surgery market.

The Asia-Pacific region has also witnessed considerable growth in this segment owing to the growing demand for cosmetic surgeries. The availability of advanced technologies and surgical setups in developed countries like North America has boosted the market significantly.

Key points to remember:

  • The North America region contributed 35.7% market share in 2021.
  • By procedure, the surgical procedures segment reached 80% revenue share in 2021.
  • By gender, the female segment contributed the highest revenue share of over 84% in 2021.
  • By age group, the 30 to 54-year-old segment reaches 61% market share in 2021.
  • By vendor, the hospitals and clinics segment accounted for 59% market share in 2021.

Report Hstrong points

  • Based on the procedureThe breast augmentation segment exhibited the maximum growth during the forecast period due to its high demand in the market.
  • Based on genderwomen have shown the maximum market growth over men owing to the increasing demand for improved aesthetic value.
  • Based on age grouppeople therefore belonging to the age group of 30 to 50 years dominated the segment.
  • Based on regionNorth America saw the maximum growth due to the presence of advanced medical facilities and high demand for breast augmentation procedures.

Recent Ddevelopments

  • Johnson and Johnson, in 2021, introduced a new memory gel in the form of an implant that should boost the breasts. It has received FDA approval.

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Report scope

Report attributes Details
Market size in 2021 $71.5 billion
Revenue forecasts by 2030 $205.1 billion
CAGR 12.42% from 2022 to 2030
The biggest market North America
Fastest growing region Asia Pacific
base year 2021
forecast year 2022 to 2030
Key players Evolus Inc., RevanceGalderma, AbbVie, Cynosure, Lumenis, Solta Medical, Alma Laser, Syneron Candela and others.

Market Ddynamic

What are the drivers of cosmetic surgery market?

The cultural and social impact of the fashion industry has proven to be a boon to the cosmetic surgery market as it has encouraged people to opt for such procedures to enhance their beauty. The booming tourism industry has spurred the demand for cosmetic surgeries to attract customers. The media has played a major role alongside the film industry in having a huge impact on people’s choices when it comes to their preferences regarding cosmetic surgery procedures.

The lucrative offers and programs introduced by major market players have also been found to be a driving factor for the growth of the market. Recent technological developments that have taken place in the cosmetics industry have also significantly increased the market size.

Market Constraints

The lack of reimbursement facilities granted by insurance companies for these surgical procedures has proven to be a brake on the growth of the market. Scarcity of disposable income in the hands of common people has also proven to be a hindrance to market growth. The outbreak of the pandemic has negatively impacted the market due to the restricted services provided by the healthcare industries to avoid the risk of cross infection for the patients as well as the medical staff. The high cost associated with these cosmetic surgeries is hampering the growth of the market as it becomes unaffordable for the common man to avail these procedures. With the recent advancements seen in the procedures and equipment used, the cost of surgical procedures is also increasing. These multiple reasons have proven to be the limiting factors for the market growth over the forecast period.

Market Opportunities

In a bid to improve one’s self-esteem and confidence, people opt for cosmetic surgery procedures to develop their aesthetic significance. The rapid advancements seen in the technology and procedures used prove to be a great opportunity for the growth of the market over the forecast period. With the development of technology and the use of advanced drugs in order to avoid surgical scars and reduce the risk of hyperpigmentation, the demand for cosmetic surgeries have increased considerably.

Growing expenditure in the healthcare sector by the government to provide the best possible services to the people has helped boost the cosmetic surgery market.

The growing ability of people to spend on luxuries and services has increased the demand for advanced cosmetic surgeries. With the growth of the tourism industry, a rapid demand for cosmetic procedures has been seen, which is helping to register tremendous growth. There are several reasons that prove to be the growth opportunities of the market over the forecast period.

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What are the vschallenges of cosmetic surgery market?

  • Rise in the number of unlicensed healthcare units and clinics that perform cosmetic surgery procedures for the purpose of making unrecorded profits has proven to be a challenge for the major players in the market, which hampers their growth.
  • As a result of the pandemic, the disposable income of the people has been constrained which has had a considerable negative impact on the growth of the cosmetic surgery market.
  • The presence of numerous unavoidable side effects after the surgical procedures proves to be a great challenge for the growth of the market during the forecast period.
  • The lack of standardization of procedures and products used by the industry is proving to be a challenge for the market. Growing competition among major market players is also hampering the growth of the market.

Market segmentation

By procedure

  • Surgical interventions
    • Mammal augmentation
    • Liposuction
    • Eyelid surgery
    • Abdominoplasty
    • Rhinoplasty
    • Others
  • Non-surgical procedures
    • Botulinum toxin
    • Hyaluronic acid
    • Hair removal
    • Non-surgical fat reduction
    • Photorejuvenation
    • Others

By gender

By age

Per end user

  • Ambulatory surgery facility
  • Hospital and Clinic
  • Others

By geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

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