Report Ocean presents a comprehensive research report on Cosmetic Surgery, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Cosmetic Surgery.
The global cosmetic surgery market size was US$ 65.3 billion in 2021. The global cosmetic surgery market is expected to grow to US$ 165.0 billion by 2030 by registering a compound annual growth rate (CAGR) of 10.6% during the forecast period from 2022 to 2030.
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Cosmetic surgery is a voluntary treatment used to improve a patient’s physical appearance. It involves reshaping their physique and body contouring. A unique discipline of surgical and non-surgical techniques is used in cosmetic procedures to enhance a person’s appearance. There are various types of cosmetic procedures, including liposuction, facelifts, eyelid surgeries, breast augmentation, rhinoplasty (nose reshaping) (blepharoplasty), etc.
COVID-19 Impact Analysis
COVID-19 negatively affected the cosmetic surgery market as the demand reduced dramatically. The terror of the virus and the risk of contagiousness developed hesitation in people. As a result, the clinics and other centers recorded a significant decline in the demand from the end-users. Further, various clinics and hospitals were restructured to increase hospital capacities, which reduced the range of cosmetic surgery procedures. Therefore, it hampered the growth of the cosmetic surgery market.
Factors Influencing the Market
The rise in aesthetic procedure demand, rise in cosmetic surgery prevalence, and rise in technical innovation in the healthcare industry are the main factors driving the expansion of the worldwide cosmetic surgery market share. The American Society of Plastic Surgeons estimates that approximately 352,555 rhinoplasty procedures were carried out in the United States in 2020. According to analysis, rhinoplasty will be the most popular surgical treatment in the US in 2020.
Additionally, the growth of the cosmetic surgery market is fueled by an increase in the number of cosmetic surgical product approvals. For instance, the U.S. Food and Drug Administration (FDA) gave the green light to Johnson and Johnson’s new mentor memory gel boost breast implant for female breast augmentation in January 2021.
Furthermore, technological development in the sector is expected to present potential prospects for market growth during the study period.
Regional Analysis
North America garnered the largest share in the cosmetic surgery market in 2021 and is expected to maintain its dominance throughout the study period. It is due to the growth in the range of breast augmentation procedures and rising approvals for cosmetic surgery products. Additionally, the region is home to various industry players like Abbvie Inc (U.S), Candela Syneron (U.S), Cynosure Inc. (U.S), etc. Therefore, it will contribute to the growth of the cosmetic surgery market during the analysis period.
The Asia-Pacific cosmetic surgery market is expected to witness lucrative growth opportunities in the coming years due to the growing knowledge among the young population regarding the aesthetics sector and rising healthcare care expenditures.
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Competitors in the Market
Abbvie Inc
Bausch Health Companies Inc.
Candela Syneron
cynosure Inc
Galderma SA
Merz Pharma GmbH and Co. KGaA
Sientra Inc
Sinclair Pharmaceuticals Limited
Teoxane Laboratories
Johnson and Johnson
Other Prominent Players
Market Segmentation
The global cosmetic surgery market segmentation focuses on Gender, Age Group, Procedure, End-User, and Region.
By Gender
Female
Male
By Age Group
13 to 29
30 to 54
55 and above
By Procedure
Breast augmentation
Eyelid surgery
Liposuction
Rhinoplasty
Others
By End User
Ambulatory surgical facility
Hospital and clinic
Office and cosmetic surgical center
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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