With a CAGR of 3.6%, the cosmetic surgery market size is worth USD

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Pune, India, April 25, 2022 (GLOBE NEWSWIRE) — The world cosmetic surgery market size was USD 44.55 billion in 2020. The market is expected to grow from USD 46.02 billion in 2021 to USD 58.78 billion in 2028, growing at a CAGR of 3.6% during the forecast period. The availability of technologically advanced services and products and the growing popularity of new cosmetic procedures may fuel the growth of the industry. Fortune Business Insights™ provides this information in its report titled “Cosmetic Surgery Market, 2021-2028”.

Notable industry development

  • June 2020: Venus Concept Inc. has received FDA clearance for its Venus Epilev laser hair reduction product. This development could stimulate demand for the technology.

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Report scope and segmentation

Report cover Details
Forecast period 2021 to 2028
Forecast Period 2019 to 2026 CAGR 3.6%
2028 value projection $58.78 billion
base year 2020
Market size in 2020 $44.55 billion
Historical data for 2017 to 2019
Number of pages 125
Segments Covered Procedure, gender, provider and geography
Growth engines Growing awareness among the general population of a new cosmetic procedure
Surgical procedures are expected to be the leading segment of this market
Presence of an unregulated market to hamper growth

Entry of various licensed medical spa companies to fuel market growth

The emergence of several licensed key players offering advanced cosmetic surgical products is likely to increase the demand for the products. High demand for products with minimal effects can promote product sales. In addition, high consumer demand for surgical procedures and innovative products may promote the growth of the industry. Additionally, the growing attention to aesthetics and exponential healthcare expenditure is expected to drive the demand for advanced cosmetic surgeries globally. These factors may boost the growth of the cosmetic surgery market.

However, the presence of an unregulated market and the increase in the number of illegal sellers can hamper the progress of the market.

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Report cover

The report provides a detailed analysis of major segments and latest market trends. It discusses in detail the driving and restraining factors and the impact of COVID-19 on the market. Moreover, it examines the regional developments and the strategies undertaken by the major market players.


Regional outlook

High per capita income and cost per surgery to support industry growth in North America

North America is expected to dominate the cosmetic surgery market share owing to its high per capita income and cost per surgery. The North America market stood at USD 13.45 billion in 2020 and is expected to grow rapidly over the forecast period. Additionally, changing consumer preferences and adoption of a healthy lifestyle are expected to boost product adoption. These factors can propel the development of the market.

In Asia-Pacific, the growth of medical tourism business in India could drive the adoption of cosmetic surgery among the population. These factors may influence market growth during the pandemic.

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Competitive landscape

Adoption of acquisition strategies by companies to strengthen their position in the market

Major companies operating in the market are adopting acquisition strategies to strengthen their position in the market. For example, AbbVie Inc. completed the acquisition of Allergan to strengthen its global position. Additionally, companies invest in research and development to provide the best product offerings and increase their annual revenue. Additionally, adopting expansions can allow businesses to reach a wider audience and increase sales performance. Additionally, players incorporate advanced production machinery for reducing resources, improving product quality, achieving organizational goals.

List of Companies Featured in the Global Cosmetic Surgery Market:

  • S.TETIK
  • Westlake Dermatology
  • Long Island Plastic Surgery Group, PC
  • ALLERGAN
  • Merz Pharma
  • Galderma Laboratories
  • Cleveland Clinic
  • Other Key Market Players

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Contents:

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Cosmetic Surgery Market Drivers
    • Market constraints
    • Cosmetic surgery market opportunities
  • key ideas
    • Total number of procedures, key countries
    • Top 10 countries, by surgical and non-surgical procedures
    • Breakdown of cosmetic procedures, by type
    • Distribution of aesthetic procedures, by sex (surgical and non-surgical)
    • Key procedures, by indication (surgical and non-surgical)
    • Medical tourism for cosmetic procedures, key countries
    • Number of cosmetic/plastic surgeons, by key countries
    • Pricing of key procedures, key countries
    • Impact of COVID-19 on the market
  • Global Market Analysis, Cosmetic Surgery Market Overview and Forecast, 2017-2028
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Procedures
      • 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
    • Market Analysis, Outlook and Forecast – By Gender
    • Market Analysis, Outlook and Forecast – By Vendor
      • Hospitals and specialized clinics
      • Spas and cosmetic surgery centers
    • Market Analysis, Outlook and Forecast – By Geography
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa

TOC Continued…!

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