Cosmetic Surgery and Procedure Market

Cosmetic Surgery and Procedure Market Outlook (2022-2030)

The global cosmetic surgery and procedure market is forecasted to expand at a high-value CAGR of 9.8% from 2022 to 2030. Revenue from the market in 2022 is valued at US$ 69.2 billion and is projected to climb to US$ 146.5 billion by the end of 2030.

Non-invasive cosmetic procedures are anticipated to account for a dominant market share owing to increasing patient preference and the low costs of these procedures as compared to invasive surgeries. In 2021, non-invasive surgeries accounted for a major share of 54% of the cosmetic surgery and procedure market.

Report Attributes	Details
Cosmetic Surgery and Procedure Market Size (2022)	US$ 69.2 Billion
Projected Market Value (2030F)	US$ 146.5 Billion
Global Market Growth Rate (2022-2030)	9.8% CAGR
North America Market Share (2022)	35%
Non-invasive Segment Market Share (2021)	54%
Canada Market Growth Rate (2022-2030)	9%
China Market Value (2030F)	US$ 27 Billion
Key Companies Profiled	Alma Laser AbbVie Lumenis Solta Medical Cutera Cynosure Evolus Inc. RevanceGalderma Syneron Candela

Cosmetic Surgery and Procedure Revenue Analysis (2017-2021) Vs. Market Predictions (2022-2030)

Aesthetic awareness among the general population has increased in recent years and this trend is expected to prominently drive demand for cosmetic surgeries and procedures over the next eight years. The launch of novel aesthetic devices and increasing focus on physical appearance are other factors that are anticipated to majorly favor market growth through 2030.

Increasing availability of non-surgical cosmetic procedures, growing disposable income, rising focus on fitness and health, and increasing prevalence of various skin disorders are other factors that are anticipated to fuel growth in the cosmetic procedures market across the forecast period.

An increasing number of cosmetic surgeons and the growing availability of affordable cosmetic surgical procedures across the world are other factors that are anticipated to contribute to the cosmetic surgery and procedure market evolution over the next eight years. Rising investments in research and development of new cosmetic surgical procedures and aesthetic devices are also expected to supplement cosmetic surgery and procedure demand in the future.

However, the lack of favorable reimbursement infrastructure, the presence of stringent regulatory norms, and the high costs associated with certain cosmetic surgeries are factors that could hurt the global cosmetic surgery and procedure market potential throughout the forecast period.

The global cosmetic surgery and procedure market is estimated to progress at a stellar 9.8% CAGR through 2030.

How Has Social Media Influenced the Cosmetic Surgery and Procedure Space?

“Growing Influence of Celebrities & Rising Demand to Mimic their Appearances”

Social media has influenced people’s lives in a way that very few things have in recent years and this social influence has majorly contributed to the rise of the aesthetic and cosmetic surgery industries. With more people wanting to look like celebrities and social media influencers there is a heightened demand for cosmetic procedures that allow people to achieve a certain look and this is expected to primarily drive growth in the cosmetic surgery and procedure industry across the forecast period.

The rise of social media influencers has drastically changed societal beauty standards and cosmetic products and surgeries have promised to deliver on those beauty standards, which is expected to promulgate demand for cosmetic and reconstructive surgical procedures through 2030.

All the key drivers, restraints, opportunities, and challenges have been mentioned in this latest cosmetic surgery and procedure market survey by analysts at Fact.MR, a market research and competitive intelligence provider.

What Could Stunt Demand for Cosmetic Surgeries and Procedures?

“Absence of Proper Regulatory Setup & Presence of Private Clinics with Questionable Ethics”

Regulatory mandates regarding cosmetic surgeries are not as defined as they are for regular medical procedures and this acts as a major restraint to the overall cosmetic surgery and procedure market development throughout the forecast period.

The absence of regulation has given rise to the establishment of various private clinics that perform cosmetic procedures without following proper guidelines and endanger the lives of people who undergo surgery in such establishments.

Emerging economies have witnessed a notable rise in such establishments, which have resulted in an increasing number of complications regarding cosmetic surgeries and hence hindering the overall cosmetic surgery and procedure market evolution on a global scale.

However, the high costs of cosmetic procedures and awareness about the long-term side effects of cosmetic surgeries are also anticipated to constrain cosmetic surgery and procedure market growth over the next eight years.

What are New Entrants Focusing on to Make a Mark in This Industry?

“Start-ups Focusing on Providing Innovative Cosmetic Products and Services”

Upcoming cosmetic surgery and procedure market players are expected to focus on the development of innovative cosmetic and aesthetic products to meet high demand. New companies can also focus on creating new minimally invasive or non-invasive cosmetic procedures, as their preference increases among the general population.

• LimbplastX Institute, a start-up founded in 2016 by Kevin Debiparshad is helping people increase their height by 3 to 6 inches. The clinic is providing this specialized leg-lengthening procedure by breaking thigh bones or femurs and then inserting adjustable metal nails. The nails are extended using a magnetic remote control over a period of 3 months or more. The healing time differs from person to person and most of the patients are male engineers from reputed tech companies such as Amazon, Microsoft, and Google.
• In August 2022, BioAesthetics Corp., a biomaterials start-up founded in 2015 announced additional clinical trials of its biologically derived allograft for nipple reconstruction in patients. The new trials are expected to investigate the use of new grafts in female and male patients that have survived breast cancer or have not encountered it.
• In September 2020, SISU, a chain of cosmetic clinics announced that it had raised US$ 5.5 million in Series A funding led by Greycroft and Bullpen Capital. The new chain of clinics aimed to apply tech start-up methodology to explore the untapped potential in the cosmetic surgery industry.

Why is North America an Investment-worthy Regional Market?

“Rising Prevalence of Skin Disorders & Rapid Adoption of Novel Cosmetic Procedures”

The cosmetic surgery and procedure market in North America currently accounts for a dominant market share of over 35% in 2022 and is projected to maintain a similar stance throughout the forecast period.

The presence of developed healthcare infrastructure, increasing aging population, rising incidence of skin disorders, and the presence of skilled cosmetic surgeons and professionals in this region are the prime factors that are anticipated to uplift demand for cosmetic surgeries and procedures in this region.

The United States and Canada are predicted to be the most lucrative markets in this region over the coming years owing to rising spending on cosmetic procedures and the growing availability of several cosmetic procedures.

Country-wise Insights

Which Country Leads Demand for Cosmetic Surgeries in the Middle East?

“Budding Medical Tourism in UAE Makes it Leading Market in the Middle East”

The United Arab Emirates (UAE) has become a global destination in recent years owing to a boom in its tourism sector and attractive tourist destinations. The government of UAE is increasing investments in the medical tourism sector to attract medical tourists and this is expected to be a prime factor favoring cosmetic surgery and procedure market potential in the country.

• The Dubai Health Authority (DHA), in 2016, launched the Dubai Health Experience (DXH) to strengthen its medical tourism sector. In the first half of 2020, the DHA supplied licenses to around 3,397 health facilities in a bid to expand its healthcare infrastructure network.

Increasing awareness about aesthetic appearances and the rising number of breast augmentation procedures being performed in the UAE are also expected to supplement cosmetic surgery and procedure market growth in the country across the forecast period.

Category-wise Insights

Which Type of Procedures are Witnessing Higher Preference?

“Non-invasive Procedures Projected to Be Highly Preferred by Patients & Professionals”

The global cosmetic surgery and procedure market, based on procedure, is segmented into invasive and non-invasive.

The popularity of minimally invasive and non-invasive procedures has been gaining momentum in recent years and this trend is expected to be rife across the forecast period. Lower recovery and healing time, less risk of complications, and low cost compared to invasive surgeries are some characteristics expected to favor the preference for non-invasive cosmetic surgical procedures across the forecast period.

Competitive Landscape

Key players in the cosmetic procedure market are pushing for approval of their products by regulatory authorities to be used in cosmetic surgeries and procedures.

• In June 2020, Allergan Aesthetics, a subsidiary of AbbVie Inc., a leading biopharmaceutical company, announced that it had received approval of JUVÉDERM® VOLUMA™ XC for chin augmentation in adults over 21 years of age by the U.S. Food and Drug Administration (FDA).

Segments of Cosmetic Surgery and Procedure Industry Research

• By Procedure :

  • Invasive
    • Breast Augmentation
    • Liposuction
    • Nose Reshaping
    • Eyelid Surgeries
    • Tummy Tuck
    • Others
  • Non-invasive
    • Botox Injections
    • Soft Tissue Fillers
    • Chemical Peel
    • Laser Hair Removal
    • Microdermabrasion
    • Others

• By Gender :

  • Male
  • Female

• By Age Group :

  • 13-29
  • 30-54
  • 55 and Above

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA