PUBLISHER: Verified Market Research | PRODUCT CODE: 1629573
PUBLISHER: Verified Market Research | PRODUCT CODE: 1629573
Cosmetic Surgery Market size was valued at USD 55.56 Billion in 2024 and is projected to reach USD 71.33 Billion by 2031, growing at a CAGR of 3.50% from 2024 to 2031.
Cosmetic surgery refers to surgical operations that improve an individual's aesthetic appeal, symmetry, and proportion. Cosmetic surgery, as opposed to reconstructive surgery, focuses on elective modifications rather than medical necessity.
Applications include facelifts, liposuction, breast augmentation, rhinoplasty, and tummy tucks. These operations are used to promote self-esteem, treat aging symptoms, or meet specific beauty standards.
The cosmetic surgery industry is predicted to expand fast as a result of expanding social media influence, technological developments such as minimally invasive treatments, and increased public acceptance. Improved affordability and advances, such as 3D imaging for improved outcomes, will drive global demand
The key market dynamics that are shaping the global cosmetic surgery market include:
Key Market Drivers:
Increasing Social Media Influence and Beauty Standards: The advent of social media platforms has had a huge impact on beauty standards, increasing the demand for cosmetic operations. According to an AAFPRS poll from 2023, 75% of facial plastic surgeons observed an increase in patients seeking cosmetic operations to improve their appearance in selfies and social media posts.
Growing Aging Population: As the global population ages, there is a greater demand for anti-aging treatments. According to the United Nations Department of Economic and Social Affairs, by 2050, one in every six individuals would be over the age of 65 (16%), up from one in every eleven (9%) in 2019. This demographic change is likely to stimulate demand for face rejuvenation surgeries and other age-related cosmetic treatments.
Developments in Non-Invasive and Minimally Invasive Techniques: Technological advancements have resulted in the creation of less invasive cosmetic procedures, attracting more customers. According to the American Society of Plastic Surgeons (ASPS), the number of minimally invasive cosmetic procedures climbed by 174% between 2000 and 2020, with Botulinum Toxin Type An injections (including Botox) showing the greatest growth at 459%.
Rising Disposable Incomes in Emerging Markets: Rising disposable incomes in emerging countries make cosmetic operations more accessible to a larger population. According to a report by the International Society of Aesthetic Plastic Surgery (ISAPS), Brazil and Mexico were among the top 10 countries for cosmetic procedures in 2023, with Brazil performing over 1.5 million surgical and non-surgical procedures annually.
Key Challenges:
High Costs: Cosmetic procedures, particularly operations, can be costly, limiting access to a larger population. The expenditures frequently include not only the operation but also pre- and post-operative care, which increases the overall cost for patients.
Regulatory Obstacles: Strict laws governing safety, medical practices, and product approvals can stifle innovation and the acceptance of new techniques, making it difficult for businesses to bring new technology to market fast.
Health Concerns and Difficulties: While cosmetic surgery is becoming safer, concerns such as infections, scars, and anesthetic difficulties persist, discouraging potential patients from having operations.
Social Stigma and Ethical Problems: Despite increasing acceptability, some people still see cosmetic surgery poorly because to worries about body image, ethics, and the marketing of unattainable beauty standards, which can have an impact on market growth.
Key Trends:
Minimally Invasive Procedures: Non-surgical treatments such as Botox, dermal fillers, and laser therapies are becoming increasingly popular due to their shorter recovery times, lower prices, and decreased risk compared to traditional surgery.
Technological Advancements: Technological advancements include 3D imaging, robotic-assisted operations, and improved laser technologies, which improve precision, safety, and outcomes while making cosmetic procedures more appealing.
Male Aesthetic surgeries on the Rise: As societal norms alter and male-specific treatments become more popular, an increasing number of men are pursuing cosmetic enhancements such as body contouring and facial surgeries.
Popularity of Social Media and Celebrity Influence: Platforms like Instagram, as well as celebrity influence, are boosting demand for cosmetic operations, with patients looking to replicate popular beauty trends and standards observed online.
Here is a more detailed regional analysis of the global cosmetic surgery market:
North America:
The growing demand for aesthetic modifications among both men and women is a major motivator in North America. According to the American Society of Plastic Surgeons (ASPS), there were nearly 18 million cosmetic procedures performed in the U.S. in 2020, with a 5% increase from the previous year. This growing trend highlights a societal shift toward prioritizing cosmetic enhancements, propelling market growth.
The aging population in North America is a major driver of the cosmetic surgery market, as older persons seek operations to keep their young appearance. The United States Census Bureau predicts that by 2030, one in every five Americans would be 65 or older, increasing demand for procedures like facelifts and eyelid surgery. The ASPS found that treatments for people aged 55 and older increased by 16% between 2019 and 2020, showing this demographic's interest in cosmetic interventions.
Asia Pacific:
The Asia Pacific area has undergone rapid economic expansion, resulting in increasing disposable income and a burgeoning middle class prepared to invest in cosmetic operations. According to the Asian Development Bank (ADB), despite global economic concerns, emerging Asia's GDP expanded by 4.9% in 2023 and is expected to rise by 5.2% in 2024. This economic success has had a direct impact on the growth of the regional cosmetic surgery business.
Beauty consciousness is on the rise in Asia Pacific countries, partially inspired by Western beauty ideals. According to the International Society of Aesthetic Plastic Surgery (ISAPS), South Korea had the most cosmetic treatments per capita in the world in 2022, with 1,073 per 10,000 inhabitants. This high rate reflects the region's growing emphasis on personal beauty and acceptance of cosmetic surgery.
Based on Procedure Type, the Global Cosmetic Surgery Market is segmented into Invasive, Non-invasive. Invasive operations remain important, particularly for more complex treatments such as facelifts and liposuction, but they are less prevalent than non-invasive alternatives. The non-invasive segment is the fastest growing, driven by increased demand for treatments such as Botox, laser therapy, and fillers, which provide faster results with less downtime.
Based on Gender, the Global Cosmetic Surgery Market is segmented into Male, Female. Females dominate, accounting for the vast majority of cosmetic surgeries, owing to increased demand for treatments such as breast enlargement and face enhancement. However, the male category is the fastest growing, with more people interested in operations like body sculpting and facial surgeries as public acceptance grows.
Based on Age Group, the Global Cosmetic Surgery Market is segmented into 13-29, 30-54, 55 and above. Individuals in the 30-54 age range are the most likely to seek anti-aging therapies as well as bodily modifications. The 13-29 age range is the fastest growing, owing to younger people's increased acceptance of aesthetic operations, which is frequently influenced by social media and celebrity trends.
The "Global Cosmetic Surgery Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Allergan plc, Johnson & Johnson, Establishment Labs Holdings Inc., Merz Aesthetics GmbH, Sientra Inc., AbbVie Inc., Bausch Health Companies Inc., Mentor Corporation, Sinclair Pharma plc, Acelity LP.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.