The global cosmetic surgery procedure market is expected to reach US$ 74.3 billion by 2028; growing at a CAGR of 5.7% from 2021 – 2028. Cosmetic surgery procedure aims to improve the aesthetic appeal of a person and is performed on almost every part of the body. The main motive of cosmetic surgery is to enhance the looks using surgical and medical techniques. Cosmetic surgery procedure needs high level of caution while performing thus highly-skilled surgeons perform cosmetic surgeries. Breast augmentation is the most popular cosmetic surgery among others and more than 90% of surgery is demanded by women. Laser techniques are a savior in the cosmetic surgery procedure as it saves time and it is not painful which is quite a major factor for the popularity of laser techniques. Although cosmetic surgery procedure is mostly popular among women, these days it’s quite popular among men as well: Surgical procedures for men includes breast reduction and liposuction. Cosmetic surgeries have seen immense advancements and there is even a surgery for excessive sweating called miraDry. Almost 18 million cosmetic surgeries are done in the United States every year. People often mislead cosmetic surgery as Plastic surgery. Plastic surgery also includes reconstruction whereas cosmetic surgery only enhances the aesthetic appeal of the individual. Hematoma, seroma, organ damage, infection, nerve damage, are some of the side-effects faced during the cosmetic surgery procedure.
The advancements in techniques & technologies, availability of skilled surgeons, use of laser techniques, growing demands for minimally invasive procedures, growing awareness about surgical procedures especially in the developed regions and the urge for facial & body enhancement are the key factors propelling the boost in the global cosmetic surgical market.
High cost of the surgery, Improper reimbursements, stringent regulations, high risk of complications associated with the surgery are some of the factors responsible for the restraint of the global cosmetic surgery procedure market.
Prevalence in the demand of minimally invasive procedures is driving the market growth as it reduces the time of the procedure. The demand for services like botulinum toxin and facial filler injections, has immensely increased as a large number of US citizens are opting for cosmetic surgeries. Companies are launching technologically advanced and safe products, which has a significant role in the boost of the global cosmetic surgery procedure market. For example, Merz – a product of Belotero Revive, is a filler which has an amazing combination of hyaluronic acid (HA) and glycerol, which improves hydration, provides elasticity & firmness to the skin and reduces fine lines.
The foremost challenge in the global cosmetic surgery procedure market is high costs of the surgery followed by the large number of competitors along with high risks & complications. The surgeon must be high-skilled and experienced else the patient has to suffer complications and side-effects.
The global cosmetic surgery procedure market is segmented on the basis of surgical treatment, non-surgical treatment, by end user and by region. By surgical treatment, the market is segmented into Breast surgery, Body and Extremities and Face Surgery. Breast surgery is further sub-segmented into Breast Augmentation, Breast Lift, and Breast Reduction. Body and Extremities is sub-segmented into Liposuction and Abdominoplasty. Face Surgery is further sub-segmented into Eyelid surgery (Blepharoplasty), Nose surgery (Rhinoplasty) and Facelift. Non-surgical procedures are segmented as Injectables, Facial Rejuvenation and Body Rejuvenation. Injectables are further classified into Botulinum Toxin and Hyaluronic Acid. Facial Rejuvenation is segmented into Photo rejuvenation, Chemical Peel, Microdermabrasion, Non-Surgical Skin Tightening, Full Field Ablative Laser Resurfacing. Body rejuvenation is segmented into Hair removal and Tattoo removal. On the basis of End user, the market is segmented into Hospitals, Office-based facilities and Ambulatory Surgical Centres. The non-surgical treatment market is being astronomically used and is likely to see immense growth in revenue to reach a market valuation of about US$ XX Bn in the forecast period. The surgical treatment market holds the largest market value and this segment leads the global cosmetic surgery procedure market. Face surgeries boost market growth due to growing non-surgical skin tightening, chemical peel, photo rejuvenation and laser skin resurfacing. Facial surgery and breast surgery sub-segments are the largest benefactors in the global cosmetic surgery market.
By region, the global cosmetic surgery procedure market is segmented into North America, South America, Europe, Asia-Pacific (APAC), South Africa, Middle East and Africa (MEA). The North America is further classified into U.S., Canada and Mexico. South America is segmented into Peru, Brazil, Argentina, Europe is further segmented into Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland. Asia-Pacific is segmented into China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam. MEA is segmented into South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa. Currently, North America dominates the global cosmetic surgery procedure market.
The prominent players in the global cosmetic surgery procedure market are: S. TETIK, Bausch Health Companies Inc., Johnson and Johnson, Westlake Dermatology, Long Island Plastic Surgical Group, ALLERGAN, Merz Pharma, Galderma Laboratories and Cleveland Clinic.
Market Segmentation and Scope of Cosmetic Surgery Procedure Market