The cosmetic surgery market size has experienced rapid growth in recent years, surging from $48.05 billion in 2023 to $53 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.3%. This growth is attributed to shifts in beauty standards, celebrity influence, increased affordability, the impact of social media, psychological wellbeing considerations, and media and advertising influences. Looking forward, the market is expected to continue its strong growth, reaching $73.22 billion by 2028 at a CAGR of 8.4%. This anticipated growth is driven by the rise in non-invasive procedures, cultural acceptance of cosmetic surgery, the global aging population, better information accessibility, regulatory approvals and standards, and increased male aesthetic procedures. Significant trends in the forecast period include the integration of technology, emphasis on non-invasive and minimally invasive techniques, personalization and customization of procedures, the use of 3D imaging and simulation, and the incorporation of regenerative medicine.
Major Driver In The Cosmetic Surgery Market
The cosmetic surgery market is experiencing growth driven by the increasing number of cosmetic surgery hospitals globally. Cosmetic surgery, aimed at enhancing appearance through procedures such as repairing damaged skin or removing wrinkles, is influenced by societal factors like media, fashion, and the film industry. In 2021, a study from the American Society of Plastic Surgeons revealed that Botox injections became the most popular non-invasive cosmetic procedure in 2020, with 4.4 million procedures performed. This surge in demand for cosmetic surgeries has led to a proportional increase in the number of hospitals, ambulatory surgical facilities, and office premises dedicated to cosmetic procedures, shaping the market sizes for 2023, 2024, and 2028.
Request A Free Sample Of The Global Cosmetic Surgery Market Report
Cosmetic Surgery Market Competitive Landscape
Johnson & Johnson, Astellas Pharma Inc., Novartis AG, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Medtronic plc, Polytech Health & Aesthetics GmbH, AbbVie Inc., Daiichi Sankyo Co. Ltd., Mylan N.V., Bausch Health Companies Inc., Eisai R&D Inc., Kyowa Hakko Kirin Co. Ltd., Ferring Pharmaceuticals plc, Endo Pharmaceuticals plc, Galderma SA, Lumenis Ltd., Solta Medical Inc., Evolus Inc., Revance Therapeutics Inc., Syneron Candela Corporation, Alma Lasers Ltd., Sinclair Pharma plc, HansBiomed Co. Ltd., Teoxane Laboratories, Cynosure Inc., Merz Pharma GmbH & Co. KGaA, Vital Esthetique Inc., GC Aesthetics LLC, Ono Pharmaceutical Co. Ltd., Otsuka Pharmaceutical Co. Ltd., Shionogi & Co. Ltd.
Key Cosmetic Surgery Market Trend
Product innovation is a key trend in the cosmetic surgery market. Companies are focused on creating new products to expand their market presence. For instance, in February 2022, Merz Aesthetics, a US-based pharmaceutical company, introduced Radiesse (+) Lidocaine, a gel-based injectable dermal filler made of calcium hydroxylapatite (CaHa). This filler is designed to enhance lower facial contours, tighten and lift jowls, and smooth moderate-to-severe facial wrinkles and folds, representing a unique solution for improving jawline contour.
Get The Full Global Cosmetic Surgery Market Report
Cosmetic Surgery Market Segmentation
The cosmetic surgery market covered in this report is segmented –
1) By Procedure Type: Surgical Procedures, Non-Surgical Procedures, Other Procedures
2) By Provider: Spas And Cosmetic Surgery Centers, Hospitals And Specialty Clinics
3) By Gender: Male, Female
4) By Application: Liposuction, Eyelid And Nose Surgery, Body Contouring, Face Reconstruction, Cosmetic Implants, Other Applications
5) By End-User: Hospitals, Surgical Centers, Other End-Users
By Geography:The regions covered in the cosmetic surgery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the cosmetic surgery market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmetic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Cosmetic Surgery Global Market Report 2024 furnishes information about the global cosmetic surgery market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
