cosmetic surgery market
Healthcare Services

What Will The Cosmetic Surgery Market Look Like In 2023?

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

The Business Research Company’s cosmetic surgery market report forecasts the cosmetic surgery market size to grow to $63.66 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Cosmetic Surgery Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cosmetic-surgery-global-market-report

Cosmetic Surgery Market Size Forecast
The global cosmetic surgery market is expected to grow from $42.55 billion in 2022 to $46.45 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cosmetic surgery market size is expected to grow to $63.66 billion in 2027 at a CAGR of 8.2%.

North America held the largest cosmetic surgery market share and was the fastest-growing region in 2022.

Key Cosmetic Surgery Market Driver ­– Rise In Number Of Cosmetic Surgery Hospitals
For example, in 2020, according to The American Society of Plastic Surgeons, a plastic surgery specialty organization, $16.7 billion was spent on cosmetic procedures in the U.S., 15.6 million cosmetic procedures were completed, out of which 2.3 million were cosmetic surgical procedures and 13.2 million cosmetic surgeries were minimally-invasive procedures, 6.8 million included reconstructive procedures. The increasing number of cosmetic surgery has raised the number of hospitals, free-standing ambulatory surgical facilities, and office premises to conduct cosmetic surgery procedures.

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Key Cosmetic Surgery Market Trend – Adopting Botulinum Toxin
The Botulinum Toxin is a key trend gaining popularity in the cosmetic surgery market. The increasing demand for cosmetic surgeries and minimally invasive procedures has increased in the past few years. Botulinum Toxin injections also known as Botox are used to improve appearance by relaxing muscles that cause wrinkles. These injections are also used in treating medical conditions like eye problems, migraines, hyperhidrosis, and overactive bladder. For instance, in 2021, a study, from the American Society of Plastic Surgeons, found that Botox injections became the most popular non-invasive cosmetic procedure in 2020, with 4.4 million procedures performed in 2020.

Cosmetic Surgery Market Segment
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

Cosmetic Surgery Market Major Players and Strategies
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.

In December 2021, Allergan Aesthetics an American-based pharmaceutical company acquired Soliton for an undisclosed amount. With this acquisition, Allergan Aesthetics company added a new technology portfolio of non-invasive body contouring treatments, that includes treatment for the appearance of cellulite. Soliton, Inc. is a medical device, tattoo removal, and cellulite reduction company.

The Cosmetic Surgery Global Market Report 2023 covers regional data on cosmetic surgery market size, cosmetic surgery market trends and drivers, opportunities, strategies, and cosmetic surgery market competitor 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 is focused on improving the physical or cosmetic appearance of a particular body part. Cosmetic surgery is used to restore damaged skin and remove wrinkles or blemishes. Cosmetic surgery includes skin tightening and improving the appearance of the skin, adjusting facial features, and adding or removing hair.

View More Reports Related To The Cosmetic Surgery Market –
Cosmetic Lasers Global Market Report 2023
Mineral Cosmetics Global Market Report 2023
Vegan Cosmetics Global Market Report 2023

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