Pune, India, April 25, 2022 (GLOBE NEWSWIRE) -- The global cosmetic surgery market size was USD 44.55 billion in 2020. The market is expected to grow from USD 46.02 billion in 2021 to USD 58.78 billion in 2028, exhibiting a CAGR of 3.6% during the forecast period. Availability of technologically advanced services and products and the rising popularity of new cosmetic procedures may fuel industry growth. Fortune Business Insights™ provides this information in its report titled “Cosmetic Surgery Market, 2021-2028”.
Notable Industry Development
- June 2020: Venus Concept Inc. received an FDA clearance for its Venus Epileve laser hair reduction product. This development may boost the demand for the technology.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2019 to 2026 CAGR | 3.6% |
| 2028 Value Projection | USD 58.78 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 44.55 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 125 |
| Segments covered | Procedure, Gender, Provider and Geography |
| Growth Drivers | Growing Awareness among General Population Towards New Cosmetic Procedure |
| Surgical procedures is expected to be the leading segment in this market | |
| Presence of an Unregulated Market to Hamper Growth |
Entry of Various Licensed Medical Spa Companies to Fuel Market Growth
The emergence of several licensed key players offering advanced cosmetic surgical products is may enhance the product demand. Robust demand for products with minimal effects may nurture product sales. Furthermore, strong demand for surgical procedures and innovative products from consumers may enhance the industry growth. Moreover, a rising focus on aesthetics and exponential healthcare spending are likely to boost the demand for advanced cosmetic surgeries globally. These factors may drive the cosmetic surgery market growth.
However, the presence of an unregulated market and the spike in the number of illegal vendors may impede market progress.
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Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Regional Insights
High Per-capita Income and Per Surgery Costs to Bolster Industry Growth in North America
North America is projected to dominate the cosmetic surgery market share because of its high per-capita income and per surgery costs. The market in North America stood at USD 13.45 billion in 2020 and is expected to grow rapidly during the forecast period. Furthermore, evolving consumer preferences and the adoption of a healthy lifestyle are expected to boost the adoption of the product. These factors may propel market development.
In Asia Pacific, growing medical tourism activities in India may foster the adoption of cosmetic surgery among the population. These factors may influence the market growth during the pandemic.
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Competitive Landscape
Adoption of Acquisition Strategies by Companies to Boost Market Position
The prominent companies operating in the market adopt acquisition strategies to strengthen their market stance. For example, AbbVie Inc. completed the acquisition of Allergan to reinforce its stance globally. Further, companies invest in research and development to offer best-in-class product offerings and enhance annual revenues. Moreover, the adoption of expansions may allow companies to reach a larger audience and boost sales performance. Additionally, players incorporate advanced production machinery for the reduction of resources, product quality enhancement, fulfillment of organizational aims.
List of the Companies Profiled in the Global Cosmetic Surgery Market:
- S.TETIK
- Westlake Dermatology
- Long Island Plastic Surgical Group, P.C.
- ALLERGAN
- Merz Pharma
- Galderma Laboratories
- Cleveland Clinic
- Other key market players
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Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Cosmetic Surgery Market Drivers
- Market Restraints
- Cosmetic Surgery Market Opportunities
- Key Insights
- Total Number of Procedures, Key Countries
- Top 10 Countries, By Surgical & Non-Surgical Procedures
- Distribution of Cosmetic Procedures, By Type
- Distribution of Cosmetic Procedures, By Gender (Surgical & Non-Surgical)
- Key Procedures, By Indication (Surgical & Non-Surgical)
- Medical Tourism for Cosmetic Procedures, Key Countries
- Number of Cosmetic / Plastic Surgeons, By Key Countries
- Pricing of Key Procedures, Key Countries
- Impact of COVID-19 on the Market
- Global Market Analysis, Cosmetic Surgery Market Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Procedures
- 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
- Surgical Procedures
- Market Analysis, Insights and Forecast – By Gender
- Females
- Males
- Market Analysis, Insights and Forecast – By Provider
- Hospitals & Specialty Clinics
- Spas & Cosmetic Surgery Centres
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TOC Continued…!
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