The global Cosmetic Surgery and Procedure market size is expected to be worth around US$ 53.9 billion by 2030, according to a new report by Vision Research Reports.
The global Cosmetic Surgery and Procedure market size was valued at US$ 36.3 billion in 2020 and is anticipated to grow at a CAGR of 15.9 % during forecast period 2021 to 2030.
Technological developments, growing use of social media, and increasing disposable income are some of the factors likely to drive the market during the forecast period.
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, introduction of self-monitoring apps, and increasing affordability of cosmetic surgeries in developing countries. Furthermore, risk associated with cosmetic surgery has decreased due to technological developments and presence of skilled surgeons.
It was observed that the volume of both surgical and nonsurgical cosmetic procedures has increased in the past few years.This can be attributed to increasing disposable income, increasing safety of surgical procedures, growing faith of patients on such surgeries, and growing medical tourism.
Cosmetic surgery and procedure have been broadly categorized into surgical and nonsurgical. Cosmetics surgery or surgical procedure is segmented into breast augmentation, liposuction, tummy tuck, eyelid surgery (blepharoplasty), and breast lift. Nonsurgical segment further segmented into, dermal fillers, laser hair removal, chemical peels, photo rejuvenation, and micro-dermabrasion.
The global increase in population also results in an increased demand for antiaging cosmetic and aesthetic treatments. Owing to its distinctive viscoelastic and moisturizing properties coupled with lower toxicity levels, demand for hyaluronic acid products are directly affected by growing application in minimally invasive antiaging solutions.
In January 2017, Allergan launched Juvéderm Volite, which is claimed to maintain results up to 9 months. The company also undertook dynamic acquisitions and completed two transactions, ZELTIQ Aesthetics, Inc, and Tobira Therapeutics in the last 6 months.
Invasive or cosmetic surgery accounted for the highest share in 2020. The dominance of this segment can be attributed to increased affordability, enhanced safety, and long-lasting results of surgeries. The nonsurgical procedures segment is estimated to grow at a higher rate over the forecast period. This is due to increasing aesthetic awareness amongst the population, rise in medical tourism in regions such as India, South Korea, Brazil, and Singapore. In addition, nonsurgical procedures are more economical for patients.
Nonsurgical procedures such as dermal fillers, laser hair removal, and chemical peels are expected to propel the market growth, owing to the increase in adoption & awareness and technological advancements. For instance, advancements made in cosmetic & reconstructive procedures, such as microdermabrasion and photorejuvenation, are likely to boost the market over the forecast period. For instance, photorejuvenation is replacing expensive surgeries such as cosmetic plastic surgeries.
North America dominated the global cosmetic surgery and procedure market in 2016 and accounted for more than 40% of the total market in 2016. This is owing to increased awareness about cosmetic surgeries, their growing demand, and easy availability of several commercialized procedures & skilled professionals in this region.
The popularity of non-invasive aesthetic procedures is high in this region, which has grown by 44% since 2011 and accounts for 42% of the total expenditure on cosmetic procedures in this region. The growing geriatric population and their desire to remain attractive drive the market for antiaging products. In 2015, Pestle & Mortar Cosmetics, a UK-based company, launched its hyaluronic acid-based serum in the US.
Asia Pacific is anticipated to be the fastest-growing region during the forecast period from 2017 to 2025, owing to the growing demand for cosmeceutical surgeries in Japan, South Korea, India, and China. Growing aesthetic awareness amongst the population and increasing medical tourism in the region due to developing healthcare infrastructure & affordable treatments are likely to propel the market.
Large target population of China makes it an attractive market for industry players. The growing demand for dermal fillers is partially fulfilled by people traveling to South Korea for aesthetic procedures. Many industry players are aligning their strategic initiatives to capture the untapped market in China. In March 2015, BMG Pharma s.r.l. announced its entry into the market in China by launching its product, Ialuxid gel. Luqa Pharmaceuticals assisted the company with marketing and distribution of the product.
Allergan plc; Merz Pharma; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson.
Type of Surgery and Procedure Outlook
Laser Hair Removal
Middle East & Africa
The Cosmetic Surgery and Procedure market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Cosmetic Surgery and Procedure market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Cosmetic Surgery and Procedure market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cosmetic Surgery and Procedure market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cosmetic Surgery and Procedure market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Cosmetic Surgery and Procedure capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Cosmetic Surgery and Procedure by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cosmetic Surgery and Procedure market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cosmetic Surgery and Procedure market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cosmetic Surgery and Procedure market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Cosmetic Surgery and Procedure industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Cosmetic Surgery and Procedure market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cosmetic Surgery and Procedure market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cosmetic Surgery and Procedure market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cosmetic Surgery and Procedure market. These factors have benefited the growth of the global market for Cosmetic Surgery and Procedure. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cosmetic Surgery and Procedure. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Cosmetic Surgery and Procedure are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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