Cosmetic Surgery Market Size, Share, Industry, Forecast and outlook (2024-2031)

Cosmetic Surgery Market is segmented By Procedure (Abdominoplasty, Blepharoplasty, Mammoplasty, Buttock augmentation, Laser Skin Rejuvenation, Face Surgery, Liposuction ), By Product (Implants(Lip Implants, Breast Implants, Buttock Implants, Chin And Cheek Implants), By Equipment (Hair removal lasers, Dermal resurfacing lasers, Liposuction equipment, Microdermabrators), By Injectables (Botulinum toxin, Collagen, Hyaluronic acid)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Cosmetic Surgery Market Size

The Global Cosmetic Surgery Market reached USD 61.3 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 132.2 billion by 2031. The global cosmetic surgery market is expected to exhibit a CAGR of 10.4% during the forecast period (2024-2031). Cosmetic surgery is used when a person decides to change or restructure the original structure of any portion of the body in order to boost its aesthetic value.

It is often performed by properly trained surgeons who have a thorough understanding of the anatomy and tissue structure of the body. These surgical operations are usually optional and conducted with extreme precision and accuracy.  

Cosmetic surgical techniques are becoming increasingly popular among the general public as a way to improve their visual look. Furthermore, the growing incidence of dermatological disorders, as well as the availability of a big patient pool in need of treatment, are raising the market's need and demand for such operations. 

Market Scope

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Market Dynamics

Rise in the Demand for Minimally Invasive Surgical Procedures

Cosmetic surgeries are employing minimally invasive treatments, such as botulinum toxin and face filler injections. It has expanded considerably over the last decade, and this is expected to boost the market throughout the projection period. For the past several years, there has been a high demand for these operations in the United States.

The fundamental advantage of cosmetic surgery is that it assists in aligning your natural appearance with your intended appearance, resulting in a better version of yourself. It can also aid with physical health. For example, rhinoplasty surgery can not only improve the look and shape of nose but may also help with any respiratory difficulties you may have.

Rising Trend of Cosmetic Surgical Procedures Among Youth & Aging Population

Fitness consciousness among the young and elderly, as well as the desire to appear properly will drive the worldwide market trends. The rising popularity of aesthetic treatments among the people of emerging nations will drive increased demand for cosmetic procedures in the coming years. The increased popularity of cosmetic surgical procedures such as nose reshaping, botox injections, and liposuction will expand the worldwide cosmetic surgery business.

For instance According to the American Society of Plastic Surgeons (ASPS), the society's members conducted 15,595,955 cosmetic surgery operations in 2020. This included approximately 2,314,720 cosmetic surgical procedures such as mammoplasty augmentation, blepharoplasty, rhytidectomy, liposuction, and rhinoplasty, as well as 13,281,235 minimally invasive cosmetic surgical procedures such as neuromodulator injections, soft tissue filler injections, and chemical peels.

The Presence of Unregulated Market 

The presence of an uncontrolled sector will hamper market growth, despite the fact that the number of authorized medical spas are quickly expanding internationally. Various nations, including Brazil, South Korea, the United States, and others, have experienced a surge in the number of these healthcare facilities providing a wide range of services. However, the presence of an uncontrolled market, as well as the global proliferation of non-licensed facilities, upsets this element.

In some nations, the number of illicit vendors offering cosmetic operations has increased, luring a large part of the population eager to undertake aesthetic procedures. Unregistered medical practitioners and surgeons are housed in these institutions, which has a huge detrimental influence on the market. This issue adds to a rise in the frequency of botched cosmetic operations, with patients obtaining inferior goods and implants.

Market Segment Analysis

The global cosmetic surgery market is segmented based on procedures and products and region.

The  Mammoplasty Procedure Segment  accounts for 36.5% During the Forecast Period

Mammoplasty is one of the most preferred surgical procedure treatments for cosmetic surgery and is expected to dominate over the projection period. Breast reduction surgery, also known as reduction mammaplasty, eliminates breast fat, tissue, and skin. Breast reduction surgery can alleviate discomfort and enhance look in those who have massive breasts.

Market Geographical Share

North America is the Dominating Region Accounting for 40.7% Market Share During the Forecast Period

North America dominates the cosmetic surgery industry as a result of a growth in the number of individuals focused on external aesthetics, acceptance of innovative cosmetic treatments, and advancements in cosmetic procedure technology. According to Aesthetic Plastic Surgery Statistics, surgical operations accounts for 54%, while non-surgical treatments increased by 44%.

Women accounts for roughly 94% of all treatments performed in 2021, with 365,000 breast augmentations performed. Furthermore, 148,000 women had their implants removed and replaced, whereas 71,000 had their implants removed but not replaced. Despite accounting for only 21% of all treatments, surgical procedures account for 69% of total income.

Market Key Players

The major global players include AbbVie, Bausch Health Companies, Candela Syneron, Cynosure Technologies, Galderma SA, Johnson and Johnson, Merz Pharma GmbH, Sientra, Sinclair Pharma, and Teoxane Laboratories.

Russia Ukraine Conflict Analysis

Russia-Ukraine war conflict showed multiple impacts on the cosmetic surgery industry, with certain aspects including as cosmetic surgery operations are in high demand in both Russia and Ukraine. Factors such as rising disposable money, western beauty standards influence, and the desire to improve look have all contributed to the rising demand.

While cosmetic surgery might improve physical look, it is also crucial to understand the psychological influence it can have on individuals. Some people use these treatments to raise their self-esteem and confidence. However, there are psychological concerns as well, such as body dysmorphic disorder, unreasonable expectations, and probable unhappiness if the intended outcomes are not obtained.

Key Developments 

• In May 2023, Med Shift launched SAAS platform for medical aesthetic businesses. Med Shift has announced the availability of a Software-as-a-Service (SaaS) solution for medical aesthetic firms. The new Velocity Technology Suite contains capabilities tailored for dermatology, plastic surgery, and other aesthetic enterprises, such as sales acceleration and business automation.
• In February 2023, Athenix acquired Marina Plastic Surgery and MedSpa. Athenix, one of the major plastic surgery practices in the United States, recently acquired Marina Plastic Surgery and MedSpa, a world-renowned cosmetic surgery center and medspa in Marina Del Rey, California.
• In July 2022, Prime plastic surgery announced acquisitions & partnership with white oak

Prime Plastic Surgery & Med Spa announced two recent acquisitions as well as a strategic expansion finance agreement with White Oak Global Advisors to help with future acquisitions as well as the size of present operations and facilities. The collaboration unlocks value for top practices by lowering their cost structure instantly, eliminating operational burdens, and providing considerable cash to grow operations.

Why Purchase the Report?

• To visualize the global cosmetic surgery market segmentation based on the procedures and product and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of global cosmetic surgery market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global cosmetic surgery market report would provide approximately 92 tables, 108 figures and 195 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies