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2022
Cosmetic Surgery Market

Cosmetic Surgery Market 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): Global Opportunity Analysis and Industry Forecast, 2021-2031

A16492
Pages: 270
May 2022 | 194 Views
Author(s) : Linu Dash, Tanjeem Shaikh , Onkar Sumant
Tables: 174
Charts: 63
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Cosmetic Surgery Market Statistics - 2031

The global cosmetic surgery market size was valued at $67.3 billion in 2021, and is projected to reach $201.0 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. Cosmetic surgery is voluntary procedure which is perform to reshape their body, body contouring and improve the physical appearance of patients. Cosmetic procedure involves unique discipline of surgical and non-surgical techniques which aims to improve person’s appearance. Cosmetic surgical procedure includes different type of surgeries like breast augmentation, rhinoplasty (Nose reshaping), liposuction, facelift, eyelid surgery (blepharoplasty). Along with that there are some gender specific cosmetic surgeries, in female genital cosmetic surgery includes numerous procedures, including hymenoplasty, labia majora augmentation, vaginoplasty, labiaplasty and G-spot amplification and in male breast reduction (gynecomastia surgery). Cosmetic surgeries can perform when body reach the full adult size. Generally, in male, at the age of 15-16 cosmetic surgeries can perform and in female, at the age of 14-15 cosmetic surgeries can perform.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global cosmetic surgery market. A number of clinics and hospitals were restructured to increase hospital capacities for patients diagnosed with COVID-19. Implementation of lockdown, owing to the COVID-19 outbreak resulted in decline in number of patient visits for aesthetic procedures during the pandemic. Cosmetic surgery procedures are non-emergency procedures significantly hampered revenue of aesthetic companies. According to the European Journal of Plastic surgery, in June 2021, it was reported that the total number of surgeries decreased by 23.5% after the COVID-19 outbreak.

The growth of the global cosmetic surgery market share is majorly driven by increase in prevalence of cosmetic surgical procedure; rise in demand for aesthetic procedure; and rise in technological advancement in healthcare sector. According to American Society of Plastic Surgeon, in 2020, it was reported that around 352,555 rhinoplasty procedure are performed in U.S in 2020. It was analyzed that the rhinoplasty was the leading surgical procedure performed in the U.S in 2020.

Cosmetic Surgery Market, Cosmetic Surgery Market size, Cosmetic Surgery Market share, Cosmetic Surgery Market trends, Cosmetic Surgery Market growth, Cosmetic Surgery Market analysis, Cosmetic Surgery Market forecast, Cosmetic Surgery Market opportunity

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Furthermore, increase in number of approval for cosmetic surgical products drives cosmetic surgery market growth. For instance, in January 2021, Johnson and Johnson, a medical device and pharmaceutical company, received approval from U.S. Food and Drug Administration (FDA) for new mentor memorygel boost breast implant for breast augmentation in women. In addition, increase in demand for aesthetic procedure is anticipated to contribute toward cosmetic surgery market growth. Moreover, the increase in number of young female population, an rise in awareness about the skin treatment, surge the demand for cosmetic surgical procedure, and propel the cosmetic surgery market size. According to American Society of Plastic Surgeon, in 2020, it was reported that around 2 million cosmetic surgical procedure are conducted in female population

Furthermore, technological development in the medical device industry to manufacture advanced cosmetic surgical products is expected to provide remunerative opportunities for expansion of the global cosmetic surgery market during the cosmetic surgery market forecast. Moreover, presence of key manufacturing companies to manufacture cosmetic surgery products and rise in expenditure on healthcare products propel growth of the market. Initiatives taken by government and private organizations to develop healthcare industry propel the growth of the market. However, the side effect associated with cosmetic surgery, and high cost of cosmetic surgical procedure is expected to restrict the market growth during the forecast period.

Global Cosmetic Surgery Market Segmentation

The cosmetic surgery market is segmented into procedure, gender, age group, provider, and region. By procedure, the market is categorized into breast augmentation, eyelid surgery, liposuction, rhinoplasty, and others.

On the basis of gender, it is divided into female, and male. Depending on age group, it is categorized into 13 to 29, 30 to 54, and 54 and above.Depending on provider, it is categorized into Ambulatory surgical facilities, Hospital & clinics, and office and cosmetic surgical center. 

Cosmetic Surgery Market
By Gender

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Female segment held a dominant position in 2021 and would continue to maintain the lead over the forecast period.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, Columbia, and rest of LAMEA).

Segment review

By type, the female segment was the major contributor in 2021, and is expected to maintain its lead during the forecast period, owing to increase in demand for aesthetic procedures, and rapidly growing emphasis on personal aesthetics among females, and increase in number of female populations conducting cosmetic surgery.

Cosmetic Surgery Market
By Age Group

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30 to 54 held a dominant position in 2021 and would continue to maintain the lead over the forecast period.

On the basis of age group, the 30-54 segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing increase in demand for liposuction, and rise in number of cosmetic procedures in population of age group 30 to 54.

Cosmetic Surgery Market
By Procedure

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Others held a dominant position in 2021 and would continue to maintain the lead over the forecast period.

Depending on procedure, the breast augmentation segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing increase in number of breast augmentation procedures, and increase in number of approvals for cosmetic surgeries in breast implant. 

Cosmetic Surgery Market
By End User

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Hospital and clinic segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

On the basis of Provider, the hospital a clinic segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing increase in number of cosmetic surgeries, and rise in number of hospitals and clinics to conduct various surgical procedures.

North America garnered a major share in the cosmetic surgery market in 2021, and is expected to continue to dominate during the forecast period, owing rise in number of breast augmentation procedures, increase in number of approvals for cosmetic surgery products, presence of cosmetic surgery industry, and advancements in healthcare, medical devices, and aesthetic sector in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in number of liposuctions, rise in awareness among young population regarding aesthetics sector, growth in health care expenditures, and rise in adoption of aesthetic products.

The key players operating in the global cosmetic surgery market include AbbVie Inc., Bausch Health Companies Inc., Candela Syneron, Cynosure Technologies, Galderma SA, Johnson and Johnson, Merz Pharma GmbH & Co. KGaA, Sientra Inc, Sinclair Pharma, Teoxane Laboratories.

 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cosmetic surgery market analysis from 2021 to 2031 to identify the prevailingcosmetic surgery market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cosmetic surgery market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global cosmetic surgery market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

  • 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
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • India
      • Australia
      • Rest of Asia-Pacific
      • China
      • Japan
    • LAMEA
      • Brazil
      • Saudi Arabia
      • Colombia
      • Rest of LAMEA


Key Market Players

  • 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
 

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Cosmetic surgery is a voluntary surgical or medical technique, which is performed to enhance the body appearance. It is also a unique discipline of medicine, which focuses on enhancing appearance through surgical and medical techniques. It can be performed on all areas of head, neck, and body. The market for cosmetic surgery is driven by increase in number of cosmetic procedures, increase in number of key players that launch various cosmetic surgery products, increase in number of licensed medical spas, and rise in self- awareness among young population regarding aesthetic appearance. Side-effects associated with cosmetic procedures are anticipated to hinder growth of the market. Development of advanced technology product to boost the demand for cosmetic surgical procedure which giver opportunity to propel the growth of market.

Further, North America is expected to witness highest growth, in terms of revenue, owing to increase in number of licensed medical spas, increase in number of professionals, and adoption of new technologies.

Asia-Pacific was the second largest contributor to the market in 2020, and is expected to register the fastest CAGR during the forecast period, owing to increase in awareness regarding cosmetic surgeries.

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of cosmetic surgery market is $67,289.1 million in 2021.

A. The forecast period in the report is from 2022 to 2031

A. The market value of cosmetic surgery Market in 2022 was $74,690.9 million

A. The base year for the report is 2021.

A. Yes, cosmetic surgery companies are profiled in the report

A. The top companies that hold the market share in cosmetic surgery market are AbbVie Inc., Bausch Health Companies Inc., Candela Syneron, Cynosure Technologies, Galderma SA, Johnson and Johnson, Merz Pharma GmbH & Co. KGaA, Sientra Inc, Sinclair Pharma, Teoxane Laboratories.

A. The key trends in the cosmetic surgery market are increase in prevalence of cosmetic surgical procedure; rise in demand for aesthetic procedure; and rise in technological advancement in healthcare sector

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