According to IMARC Group's latest research report, titled "Cosmetic Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the cosmetic surgery market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global cosmetic surgery market size reached US$ 72.94 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 136.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.13% during 2023-2028.
Cosmetic Surgery Market Overview:
Cosmetic surgery, or plastic surgery, involves surgical procedures specifically designed to enhance physical appearance by altering or reshaping various body parts such as the face, breasts, and abdomen. The procedures typically involve either making incisions and reshaping or removing tissue, or adding materials to enhance the appearance of body parts, particularly in breast augmentation or facelifts. Cosmetic surgery, which is typically an elective procedure performed on an outpatient basis, is usually conducted by plastic surgeons who have specialized training in this domain. The major purpose of cosmetic surgery is to enhance a person's physical appearance and boosting their self-confidence by reducing signs of aging, correcting defects, and improving the size or shape of body parts. Additionally, it provides restorative solutions for individuals who have suffered injuries or accidents, thereby reinstating their appearance.
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Cosmetic Surgery Market Trends:
The global market is primarily driven by the rising beauty consciousness along with shifting preference towards self-improvement among individuals. This can be attributed to the growing influence of social media and celebrity culture among the younger population and the growing societal pressure to comply with certain beauty standards. In line with this, continual technological advancements in surgical techniques and equipment, such as the advent of painless and minimally invasive procedures are resulting in a higher adoption of these procedures. Moreover, the inflating disposable income levels of the masses resulting in higher investments in cosmetic procedures for self-enhancement is also acting as a significant growth-inducing factor for the market. Additionally, the growing demand for cosmetic procedures to counteract the signs of aging, such as wrinkles, fine lines, and sagging skin among the geriatric population is creating lucrative growth opportunities in the market. Some of the other factors contributing to the market include rapid urbanization, considerable rise in medical tourism, rising popularity of non-invasive and minimally invasive surgeries, and the rising availability of various financing options.
Key Market Segmentation:
Competitive Landscape with Key Players:
- AbbVie Inc.
- Alma Laser [Shanghai Fosun Pharmaceutical (Group) Co. Ltd]
- Cutera Inc.
- Cynosure LLC
- Genesis Biosystems Inc.
- Long Island Plastic Surgical Group PC
- Lumenis Inc (Boston Scientific Corporation)
- Sientra Inc.
- Sinclair Pharmaceuticals Limited
- Solta Medical (Bausch Health Companies Inc.)
- Syneron Candela
- Teoxane Laboratories
Procedure Insights:
- Surgical Procedures
- Breast Augmentation
- Liposuction
- Eyelid Surgery
- Abdominoplasty
- Rhinoplasty
- Others
- Non-surgical Procedures
- Botulinum Toxin
- Hyaluronic Acid
- Hair Removal
- Nonsurgical Fat Reduction
- Photo Rejuvenation
- Others
Gender Insights:
- Female
- Male
Age Group Insights:
- 13 To 29
- 30 To 54
- 55 and Above
End User Insights:
- Ambulatory Surgical Facility
- Hospitals and Clinics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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