Cosmetic Surgery Market (By Procedure: Surgical Procedures, Non-surgical Procedures; By Gender: Male, Female; By Age: 13 � 29, 30 � 54, 55 plus; By End User: Ambulatory Surgical Facility, Hospital and Clinic, Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Cosmetic Surgery market size is expected to hit around USD 205.1 billion by 2030 from valued at USD 71.5 billion in 2021 and poised to grow at a compound annual growth rate (CAGR) of 12.42% during the future period 2022 to 2030.

Key Takeaways:

• The North America region has garnered 35.7% of the total revenue share in 2021.
• By procedure, the surgical procedure segment has contributed 80% market share in 2021.
• By gender, the female segment has accounted 84% market share in 2021.
• By age group, the 30 to54 segment dominated the market with 61% revenue share in 2021.
• By provider, the hospitals & clinics segment hit 59% revenue share in 2021.

The growth of the global cosmetic surgery market share is majorly driven by increase in prevalence of cosmetic surgical procedure; rise in demand for aesthetic procedure; and rise in technological advancement in healthcare sector. According to American Society of Plastic Surgeon, in 2020, it was reported that around 352,555 rhinoplasty procedure are performed in U.S in 2020. It was analyzed that the rhinoplasty was the leading surgical procedure performed in the U.S in 2020.

Furthermore, increase in number of approval for cosmetic surgical products drives cosmetic surgery market growth. For instance, in January 2021, Johnson and Johnson, a medical device and pharmaceutical company, received approval from U.S. Food and Drug Administration (FDA) for new mentor memorygel boost breast implant for breast augmentation in women. In addition, increase in demand for aesthetic procedure is anticipated to contribute toward cosmetic surgery market growth. Moreover, the increase in number of young female population, an rise in awareness about the skin treatment, surge the demand for cosmetic surgical procedure, and propel the cosmetic surgery market size. According to American Society of Plastic Surgeon, in 2020, it was reported that around 2 million cosmetic surgical procedure are conducted in female population

Furthermore, technological development in the medical device industry to manufacture advanced cosmetic surgical products is expected to provide remunerative opportunities for expansion of the global cosmetic surgery market during the cosmetic surgery market forecast. Moreover, presence of key manufacturing companies to manufacture cosmetic surgery products and rise in expenditure on healthcare products propel growth of the market. Initiatives taken by government and private organizations to develop healthcare industry propel the growth of the market. However, the side effect associated with cosmetic surgery, and high cost of cosmetic surgical procedure is expected to restrict the market growth during the forecast period.

Report Scope of the Cosmetic Surgery Market

Procedure Insights

On the basis of procedure, the cosmetic surgery market has been divided under breast augmentation, liposuction, rhinoplasty and eyelid surgery. Out of these the breast augmentation procedure has dominated the segment as a result of the increasing demand for cosmetic surgical procedures in order to fix implants. This has proved to be a recent trend in the market which is expected to continue even in the future and hence show a tremendous growth in the market. The next market which has shown us significant impact is of eyelid surgery. This market made a significant impact as a result of its high prevalence in the society. 

Rhinoplasty has proved to be another great market under this segment as a result of the increasing number of patients suffering with deviated nasal septum and other related nasal disorders. More than being a cosmetic procedure it has proved to be an essential surgical procedure in order to enable the patient to have a proper breathing system. The other procedures which are included under this segment are also seen to be growing rapidly with the newly evolving trends in the market.

Gender Insights

On the basis of gender, it has been divided into male and female. The female category proved to be the largest market for the cosmetic surgical procedures as a result of the increasing demand for perfect physical appearance in order to enhance their aesthetic value. The increasing emphasis on having a perfect facial or physical structure has boosted the demand for cosmetic surgical procedures. This includes surgical procedures of the eyelids, lips, nose, cheekbones, jawlines and many other sections of the face which has a direct impact on the beauty of the person. 

Other parts of the body which are considered for cosmetic surgical procedures include labiaplasty and vaginoplasty, which have also made a considerable contribution to the growth of the market. The contribution of the males is also considerably increasing as a result of the increasing demand for perfect aesthetic dimensions. The increasing prevalence of a modern lifestyle and consumption of unhealthy food has increased the number of people suffering with obesity. The number of surgical procedures which are carried out in order to remove excess fat has also proved to be a driving factor for the growth of the cosmetic surgery market.

Age Group Insights

On the basis of age, the people belonging to the group of 30 to 54 have dominated the segment and 4 seen to remain the same during the times to come. Liposuction has proved to be a commonly performed cosmetic surgical procedure in this age group. The increasing demand of cosmetic surgical procedures in the people belonging to this age group has boosted the growth of the market to a great extent.

Provider Insights

On the basis of provider, the hospital segment has proved to be the fastest growing market during the forecast period. The cosmetic surgical procedures are usually carried out in a hospital set-up where all the other accessory facilities are available which proves to be a driving force for the market. 

The setup of a clinic becomes a secondary segment due to the lack of facilities to carry out a cosmetic surgery. On the other hand, the minor cosmetic surgical procedures are usually carried out in the clinics which helps the market to grow considerably. 

Regional Insights

North America garnered a major share in the cosmetic surgery market in 2021, and is expected to continue to dominate during the forecast period, owing rise in number of breast augmentation procedures, increase in number of approvals for cosmetic surgery products, presence of cosmetic surgery industry, and advancements in healthcare, medical devices, and aesthetic sector in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in number of liposuctions, rise in awareness among young population regarding aesthetics sector, growth in health care expenditures, and rise in adoption of aesthetic products.

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

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

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 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Cosmetic Surgery market

By Procedure

• 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

By Gender

• Male
• Female

By Age 

• 13 - 29
• 30 - 54
• 55 plus

By End User

• Ambulatory Surgical Facility
• Hospital and Clinic
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Cosmetic Surgery Market Study:

• Growth of Cosmetic Surgery in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Cosmetic Surgery and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Cosmetic Surgery Consumption Analysis
•  Cosmetic Surgery Production Analysis
•  Cosmetic Surgery and Management