The global cosmetic surgery market size was estimated at USD 70 billion in 2022 and it is projected to hit around USD 139.64 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast period 2023 to 2032.
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The role of cosmetic surgery comes into play when an individual chose to alter or reshape the original structure of any particular part of the body in order to increase its aesthetic importance. It is usually carried out by specially qualified surgeons who have a detailed study regarding the anatomy and the tissue structure of the body. Usually, these surgical procedures are voluntary and are performed with maximum precision and accuracy.
Cosmetic surgery is carried out majorly for the facial parts which include the nose, ears, lips, cheeks, eyelids and others. This procedure is also carried out for other body parts such as hips, breasts, gluteus and others. It is mainly opted by female as compared to males. This procedure is also done for female reproductive parts such as vaginoplasty, G spot amplification and labioplasty. Though there are multiple side effects which have been observed over a period of time after the process of surgery is done it is still a very highly demanded surgical procedure among the people.
The various side effects include the development of a natural wrinkles which appear on the skin as a result of the artificial stretching process that has been carried out in order to make the skin appear tighter and younger. It also includes the use of various chemicals edge help to provide blow to the skin and reduce the already present wrinkles. Another problem which has been commonly observed among the patients who undergrow cosmetic surgery is the sagging of the skin. This problem arises after a considerable period of time when the person starts aging and the skin loses its elasticity. The skin hence starts hanging separately and leads to sagging.
Cosmetic surgeries are usually carried out only after the complete development of the body parts when the person becomes an adult. In males usually the cosmetic procedures are carried out after the age of 16 while for females the minimum age is after 15 when the body does not undergo further drastic changes. The high cost which is associated with these cosmetic surgical procedures prove to be a straining factor for the market as cannot be afforded by the common people. The cost of the cosmetic surgery varies according to the body part which has been selected for the surgical procedure. Cosmetic surgeries make use of advanced technologies in order to obtain the best results after the procedure.
The outbreak of the pandemic her significant impact on the cosmetic surgery market globally as a result of the lockdown and restricted movement which hampered the patient chain of the hospitals and clinics. The health care centers opted for elective surgeries in order to avoid the risk of cross infection two other patients and the medical staff. It also hampered the disposable income which was available with the people which hydro direct impact on the cosmetic surgery market. Rapid decline in the flow of patients visiting the clinics and hospitals for their regular checkups and follow-ups had a great impact on the market. cosmetic surgery is not considered as an emergency procedure and hence observed rapid decline during the course of the pandemic.
Report Scope of the Cosmetic Surgery Market
|Market Size in 2023||
USD 74.69 Billion
|Market Size by 2032||
USD 139.64 Billion
|Growth Rate from 2023 to 2032||CAGR of 7.2%|
|Forecast Period||2023 to 2032|
|Segments Covered||Procedure, Gender, Age, End User, and Geography|
Evolus Inc., RevanceGalderma, AbbVie, Cynosure, Lumenis, Solta Medical, Alma Laser, Syneron Candela.
The increasing number of patients suffering with deviated nasal bone or septum has also boosted the demand for cosmetic surgery. As this is a disorder which directly hampers the breathing system of the patient, it becomes and essential surgical procedure that needs to be carried out in order to enable the patient breathe comfortably.
The increasing number of young females all over the world has boosted the demand for cosmetic surgical procedures in order to have a perfect facial structure. The prevalence of various skin disorders as a result of the modern lifestyle practices and rapid climate change has also boosted the demand for cosmetic surgical procedures. The increasing awareness regarding advanced skin treatment procedures and technologies has supported the growth of the market to a great extent. The recent technological developments seen in the field of medicine which are capable of healing surgical scars and removing hyperpigmentation proved to be a great opportunity for the growth of the cosmetic surgery market.
The lucrative offers which are provided by the key market players in order to attract the potential customers has also proved to be a driving force for the market. The increasing expense made by the people on high quality cosmetic products and the heavy expenditure made on the healthcare system has proved to be a boon for the market.
The recent initiatives which have been taken up by the private organizations and government in order to enhance the health care industry with a view to provide the best possible services to the people has helped to boost the market size of cosmetic surgery to a great extent. With the Advancing technology the key market player players have taken care to reduce the number of side effects that are caused after the cosmetic surgical procedures which proves to be a big step towards growth of the market.
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.
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.
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.
Cosmetic Surgery Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
On the basis of geography, the North American region has proved to be the fastest growing market for the cosmetic surgical procedures and is foreseen to remain on top during the forecast. The rapidly increasing number of breast augmentation surgeries and increasing acceptance for advanced cosmetic procedures has proved to be a boon for the market. This region is also blessed with advanced cosmetic surgical industries which proves to be a driving force for the market.
Key market players
Segments covered in the report
By End User
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