The Cosmetic Surgery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cosmetic Surgery Global Market Report 2024, The cosmetic surgery market size has grown rapidly in recent years. It will grow from $48.05 billion in 2023 to $53 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to change in beauty standards, celebrity influence, increased affordability, social media influence, psychological well-being, media and advertising.
The cosmetic surgery market size is expected to see strong growth in the next few years. It will grow to $73.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rise in non-invasive procedures, cultural acceptance, global aging population, accessibility of information, regulatory approvals and standards, male aesthetic procedures. Major trends in the forecast period include integration of technology, non-invasive procedures, minimally invasive techniques, personalized and customizable procedures, 3D imaging and simulation, integration of regenerative medicine.
The rising number of cosmetic surgery hospitals is driving the growth of the cosmetic surgery market. Cosmetic surgery is done to improve a person’s appearance by repairing the damaged areas of skin, and removal of wrinkles or blemishes. The growing social and cultural influences such as media, fashion, and film industry, peer pressure for appearance and attractiveness, and shifting dimensions of beauty have raised the number of cosmetic surgery hospitals all over the world. For instance, in 2021, a study, from the American Society of Plastic Surgeons, found that Botox injections became the most popular non-invasive cosmetic procedure in 2020, with 4.4 million procedures performed in 2020. The increasing number of cosmetic surgeries has raised the number of hospitals, free-standing ambulatory surgical facilities, and office premises to conduct cosmetic surgery procedures.
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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
Major companies operating in the cosmetic surgery market are increasing their focus on introducing innovative technologies, such as laser technology, to gain a competitive edge in the market. The Laser technology refers to the generation and manipulation of light through a process called stimulated emission. For instance, in June 2022, Cynosure, a US-based company, launched the PicoSure Pro device. It is an upgraded version of the PicoSure system and is the first and only FDA-cleared 755nm picosecond laser available on the market. The PicoSure Pro device delivers energy in a trillionth of a second, using pressure instead of heat to provide safe and effective treatments for unwanted pigmentation and skin revitalization for all skin types. This device offers practitioners greater flexibility than previous models, allowing them to treat more patients per day and achieve better outcomes in less time.
The cosmetic surgery market report table of contents includes:
1. Executive Summary
2.Cosmetic Surgery Market Characteristics
3.Cosmetic Surgery Market Trends And Strategies
4.Cosmetic Surgery Market analysis
5.Cosmetic Surgery Market Size And Growth
6.Cosmetic Surgery Segmentation
7.Cosmetic Surgery Regional And Country Analysis
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27. Cosmetic Surgery Competitive Landscape And Company Profiles
28. Cosmetic Surgery Key Mergers And Acquisitions
29.Cosmetic Surgery Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Johnson & Johnson
- Astellas Pharma Inc.
- Novartis AG
- GlaxoSmithKline PLC
- Takeda Pharmaceutical Company Limited
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