Comprehensive Cosmetic Surgery Market Analysis, By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest cosmetic surgery market share in 2022.
The global cosmetic surgery market size will grow from $42.55 billion in 2022 to $46.45 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The cosmetic surgery market size is expected to grow to $63.66 billion in 2027 at a CAGR of 8.2%.
Major Driver In The Cosmetic Surgery Market – Rise In Number Of Cosmetic Surgery Hospitals
Growing social and cultural pressures such as the media, fashion, and entertainment industries, peer pressure for appearance and attractiveness, and altering conceptions of beauty have resulted in an increase in the number of cosmetic surgery hospitals around the world. According to The American Society of Plastic Surgeons, a plastic surgery specialty organization, $16.7 billion was spent on cosmetic procedures in the United States in 2020, with 15.6 million cosmetic procedures completed, of which 2.3 million were cosmetic surgical procedures, 13.2 million were minimally-invasive procedures, and 6.8 million included reconstructive procedures. The growing popularity of cosmetic surgery has increased the number of hospitals, free-standing ambulatory surgical centers, and office spaces where cosmetic surgery treatments can be performed.
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Key Cosmetic Surgery Market Segments
1) By Procedure Type: Surgical Procedures, Non-Surgical Procedures, Other Procedures
2) By Provider: Spas And Cosmetic Surgery Centers, Hospitals And Specialty Clinics
3) By Gender: Male, Female
4) By Application: Liposuction, Eyelid And Nose Surgery, Body Contouring, Face Reconstruction, Cosmetic Implants, Other Applications
5) By End-User: Hospitals, Surgical Centers, Other End-Users
Recent Cosmetic Surgery Market Trend – Botulinum Toxin
In recent years, there has been a growth in the demand for aesthetic surgery and minimally invasive procedures. Botulinum Toxin (Botox) injections are used to improve look by relaxing the muscles that create wrinkles. Injections of this type are also used to treat medical ailments such as eye difficulties, migraines, hyperhidrosis, and overactive bladder. For example, according to a 2021 survey from the American Society of Plastic Surgeons, Botox injections were the most common non-invasive cosmetic surgery in 2020, with 4.4 million operations completed.
Cosmetic Surgery Market Prominent Players
Major players in the cosmetic surgery market are AbbVie, Cynosure, Alma Laser, Bausch Health Companies Inc., Galderma SA, Merz Pharma GmbH & Co. KGaA, Evolus Inc., RevanceGalderma, Lumenis, Solta Medical, Syneron Candela, Sinclair Pharma PLC, Syneron, Teoxane Laboratories, Vital Esthetique, Polytech Health & Aesthetics GmbH, GC Aesthetics, HansBiomed Co. Ltd.
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The Cosmetic Surgery Global Market Report 2023 provides a comprehensive overview on the cosmetic surgery market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cosmetic surgery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Cosmetic surgery aims to improve the physical or cosmetic look of a certain body area. Cosmetic surgery is used to repair damaged skin and eliminate wrinkles and imperfections. Skin tightening and skin improvement, changing facial features, and adding or removing hair are all examples of cosmetic surgery.
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