Cosmetic Surgery And Procedure Market Size, Share & Trends Analysis Report By Type (Invasive, Non-invasive), Region (North America, Asia Pacific, Middle East & Africa, Latin America, Europe)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

According to Nova one advisor, the global Cosmetic Surgery and Procedure Market Size was valued at USD 73.85 billion in 2022 and is predicted to be worth USD 170.9 billion by 2032, with a CAGR of 11.60% from 2023 to 2032. 

Key Takeaways:

• The rising volume of cosmetic surgeries due to increasing demand from emerging countries is expected to boost the market
• The cosmetic surgery or surgical procedure segment accounted for the maximum share in 2016 due to increasing affordability of cosmetic procedures, increasing the safety of surgeries, the growing reliance of patients on surgeries to achieve positive outcomes, the presence of skilled surgeons, and long-lasting results
• The non-surgical cosmetic procedure segment is likely to witness the fastest growth in the coming years due to higher awareness and lower risk in comparison to surgical procedures. Furthermore, nonsurgical procedures are more economical and a large number of relevant service providers are easily available
• Geographically, North America dominated the cosmetic surgery and procedure market in 2016. It is anticipated to maintain its dominant position during the forecast period due to increased awareness about aesthetic procedures, higher healthcare expenditure as compared to other developing countries, and greater adoption of procedures by both men and women.
• The cosmetic surgery and procedure industry in Asia Pacific is expected to witness the fastest growth over the next decade owing to the growing medical tourism, improving healthcare infrastructure, and availability of high-quality services.
• People from developed countries travel to India, Brazil, Mexico, Malaysia, and South Korea for affordable cosmetic procedures. Hence, the market is expected to witness strong growth in developing countries
• Some of the key players operating in the market are ALLERGAN; Merz Pharma; Nestlé; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson

The substantial increase in the volume of cosmetic procedures can be attributed to the popularity of digital photography, rising demand by consumers to boost self-esteem, the introduction of self-monitoring apps, and the increasing affordability of cosmetic surgeries in developing countries. Furthermore, risk associated with cosmetic surgery has decreased due to technological developments and the presence of skilled surgeons.

Manufacturers coming up with innovative aesthetic devices has led to an increased demand for aesthetic treatments in recent years. For instance, the introduction of technologically advanced products, such as non-invasive body contouring systems, which use fat freezing technology, is expected to create lucrative growth opportunities. According to the Aesthetic Society (U.S.), non-invasive body fat reduction was among the top 5 non-invasive procedures in the U.S. in 2020 with 140,314 procedures performed.

The COVID-19 pandemic had significantly affected the aesthetics medicine market. Initially, social distancing and a sudden sharp cut in consumers' income level had negatively impacted the aesthetics medicine market. The market had witnessed a phase of short-term negative growth owing to factors, such as a decline in product demand, limited operations, temporary closures of beauty centers, and disruption in the manufacturing & supply chain. However, remote working has increased the time spent on Zoom calls. People are paying attention to their physical appearance closely. This has increased the demand for cosmetic surgeries, with Botox being one of the most preferred procedures. Interest in non-invasive procedures has increased during the past few months while interest in invasive procedures has declined.

Thus, the market has witnessed a spike during the past few months and it is expected to be in high demand throughout the forecasted period. Growing fitness consciousness to look young has increased the demand for aesthetic treatments in developing countries. Aesthetic procedures, such as liposuction, nose reshaping, and Botox injections, are gaining consumer interest in countries, such as India and South Korea. According to the International Society of Aesthetic Plastic Surgery (ISAPS), India was ranked among the top 5 countries performing non-surgical procedures at a global level. This highlights the high growth prospects that lie ahead for aesthetic manufacturers in the country.

Report Scope of the Cosmetic Surgery And Procedure Market

Procedure Type Insights

On the basis of procedure types, the market has been further segmented into invasive procedures and non-invasive procedures. The non-invasive procedures segment dominated the market in 2022 with a revenue share of more than 55.0%. The segment is projected to expand further at the fastest CAGR retaining the dominant market position throughout the forecast period. Less pain, instant results, and low cost are some of the factors that have increased the demand for non-invasive procedures at a global level. Popular non-invasive procedures include Botox injections, soft tissue fillers, and chemical peels.

In June 2020, Allergan Aesthetics, a subsidiary of AbbVie Inc. (U.S.), received the FDA approval of JUVÉDERM® VOLUMA™ XC for the augmentation of the chin region in adults over the age of 21 years. Apart from this, in 2019, the FDA approved Jeuveau, which is similar to Botox, however, available at a lower cost compared to Botox. The product is found to be effective in reducing wrinkles. Invasive procedures, such as liposuction, breast augmentation, nose reshaping, are some of the popular aesthetic procedures. Growing focus on physical appearance has increased the demand for invasive procedures.

Regional Insights

On the basis of geographies, the global market has been divided into North America, Asia Pacific, Latin America, Europe, Middle East & Africa. In 2022, North America accounted for the largest share of more than 35.0% of the global revenue. Advanced healthcare infrastructure, adoption of cosmetic procedures, increasing prevalence of skin disorders, and the presence of board-certified and skilled cosmetic surgeons in the region are some of the major factors contributing to the market growth. According to the American Society of Plastic Surgeons (ASPS), the growth in rates of cosmetic surgery procedures from the year 2000 to 2018 was compared.

It was observed that breast augmentation procedures increased by 49%, while the use of Botox injections increased by 895%. Thus, North America is expected to be a key revenue generator for cosmetic surgery and procedure manufacturers in the coming years. Asia Pacific, on the other hand, is projected to grow at the fastest CAGR during the forecast period. The region is backed by countries, such as China, India, and South Korea. South Korea is considered the hub of cosmetic surgeries, which supports the market growth. Availability of technologically advanced products, growing focus on physical appearance are projected to drive the regional market.

Some of the prominent players in the Cosmetic Surgery And Procedure Market include:

• AbbVie
• Cynosure
• Evolus Inc.
• RevanceGalderma
• Lumenis
• Solta Medical
• Syneron Candela
• Alma Laser

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Cosmetic Surgery And Procedure market.

• Procedure Type 
• Invasive

• Breast Augmentation
• Liposuction
• Nose Reshaping
• Eyelid Surgery
• Tummy Tuck
• Others
• Non-invasive
• Botox Injections
• Soft Tissue Fillers
• Chemical Peel
• Laser Hair Removal
• Microdermabrasion
• Others
• Gender
• Male
• Female
• Age Group
• 13-29
• 30-54
• 55 and above

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Cosmetic Surgery And Procedure industry analysis from 2023 to 2032 to identify the prevailing Cosmetic Surgery And Procedure industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Cosmetic Surgery And Procedure industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Cosmetic Surgery And Procedure industry trends, key players, market segments, application areas, and market growth strategies.