Cosmetic Surgery and Procedures Market Size To Hit USD 152.7 Bn By 2030

Published Date : 13 Oct 2022

The cosmetic surgery and procedures market size is expected to hit around USD 152.7 billion by 2030 from USD 67.3 billion in 2021, growing at a CAGR of 9.53% from 2022 to 2030.

Key Points:

  • By type, U.S. cosmetic surgery and procedure market was valued at USD 20 billion in 2021
  • The non-invasive type segment valued the largest revenue share of 55% in 2021
  • The invasive segment has accounted market share of 45% in 2021
  • North America registered a revenue share of around 36% in 2021
  • In 2021, the clinics segment is projected to witness growth at a CAGR of 7.1% from 2022 to 2030
  • The non-invasive segment is estimated to grow at a CAGR of 9.1% from 2022 to 2030
  • The body and extremities sub-segment is projected to reach a CAGR of 7.5% from 2022 to 2030
  • The face surgery sub-segment is projected to witness growth at a CAGR of 9.6% from 2022 to 2030

Regional Snapshots

North American region is expected to dominate the cosmetic surgery and procedures market due to the availability of better healthcare infrastructure. The availability of reimbursement policies and insurance policies in this region will drive market growth in the coming years. in the year 2020 in the United States about four million procedures and surgeries for performed. As the cost of every procedure is high the market shall have a dominant position in the future. As the per capita income of every household in this region is high the market in the North American region will be growing in the coming years. And there's been an increase in the adoption of various cosmetic procedures in the North American region the market is expected to grow during the forecast period. As there is been an increase in the number of certified cosmetic surgeons and a board that certifies various procedures will drive the market growth. 

Availability of world class infrastructure with all the advanced technologies will be what other driving factors for the growth of this region. Increasing demand and popularity of Botox injections will generate maximum amount of revenue in the coming years. Apart from the North American region the Asia Pacific region will also grow well with the highest compound annual growth rate in the coming years period countries like India and China will be favorable for the growth of cosmetic surgeries. As there is been an increase in the focus of improving the physical appearance the market in the Asia Pacific region will grow well

Cosmetic Surgery and Procedures Market Report Scope

Report Coverage Details
Market Size in 2021 USD 67.3 Billion
Market Size by 2030 USD 152.7 Billion
CAGR From 2022 to 2030 

9.53%

Non-Invasive Type Segment  Market Share in 2021 55%
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, End User, and Geography


Report Highlights

  • On the basis of the type the non invasive procedure segment is expected to dominate the market due to higher recovery rate and a less painful way for achieving aesthetic appearance. Improved and advanced technology is used for these procedures will drive the market growth in the coming years. The non invasive procedures are low-cost procedures therefore the demand for this procedure is growing. chemical peels and Botox injections are the highly preferred non invasive procedures across the globe. These products are extremely helpful in reducing the appearance of wrinkles on the skin.
  • On the basis of gender the female segment will have a dominant position and this segment has dominated the market in the past. Of all the consumers that seek cosmetic surgeries and procedures for enhancing the looks the female segment has occupied 85% of the market share.
  • On the basis of the provider the specialty clinics and the hospitals will have the largest market share due to the availability of certified cosmetic surgeons and the availability of better technologies. Advanced infrastructure and trained personnel available at these specialty clinics will drive the market growth in the coming years. The medical spa segment will also have a good amount of growth especially in the developing nations. The availability of various non invasive procedures at these places will drive the market growth in the coming years.

Market Dynamics

Drivers

The availability of certified surgeons and licensed medical spa drive the market growth in the coming years period there has been an increase in the number of people that seek and undergo various invasive and non invasive cosmetic procedures. The availability of various services at different medical spas and hospital facilities will provide great competition. As the prices of these procedures have gone down the market is expected to grow. Constant research and development has provided with better instruments and products for these services which will improve its popularity in the consumers. Increasing awareness about the availability of these procedures and certified healthcare professionals will be some of the factors that will lead to the growth of the market. Increased use of dermal fillers is expected to drive the market. Increasing adoption of Botox injections for treating wrinkles will also drive market growth in the coming years. The availability of various innovative products and the limited side effects of these products will help in the growth of the market

Restraints

In the developing nations there has been no growth in the medical spas. The availability of these medical spas will provide competition to the hospital send specialized clinics that offer cosmetic surgeries and procedures at an expensive rate. These medical spas provide services at affordable rates and they seem to be an alternative to the other infrastructure. There has also been an increase in the vendors that operate in illegal manner. The practitioners and the surgeons at these facilities will provide a negative image to the cosmetic surgery and procedures industry. the use of substandard implants and other products has negatively impacted the market. The adverse effects of undergoing invasive and non invasive surgeries in the illegal market will hamper the growth of the cosmetic surgery and procedures market in the coming years.

Opportunities

Certification board for these cosmetic surgeries and procedures happens to be the regulatory body which will provide better opportunities for the growth of the market. As these surgeries help in providing an enhanced appearance that is a group in the popularity of these invasive and non invasive surgeries. These procedures help in boosting the self confidence and self esteem be there it also helps in providing psychological benefits as it helps in combating anxiety and depression in people that are unhappy with their looks.

Challenges

There have been cases of scarring due to the use of invasive surgical procedures. In case of the infection at the site of incision a need for another surgery arises. there have also been cases of fluid buildup after the surgery. Then have also been cases of mild bleeding which happens to be another challenge for the growth of the market. Nerve damage is another side effect which provides a tingling feeling which could be everlasting. When it comes to anesthesia there have been complications which could lead to death., and this happens to be the most serious risk of these procedures

Recent Developments

  • Adults aged 21 years and above it would undergo chin augmentation as it has been approved by the FDA. Allergan aesthetics had we saved the approval in the year 2020

Key Players:

  • Johnson & Johnson Services, Inc. 
  • Bausch Health Companies Inc. 
  • AbbVie Inc. 
  • Merz Pharma 
  • Cutera 
  • GALDERMA (Switzerland)
  • Cynosure, Inc. 
  • Sientra, Inc. 
  • Long Island Plastic Surgical Group, P.C. 

Market Segmentation

By Type

  • Invasive
    • Breast Surgery
      • Breast Augmentation
      • Breast Lift
      • Breast Reduction
    • Body and Extremities
      • Liposuction
      • Abdominoplasty/Tummy Tuck
    • Face Surgery
      • Eyelid Surgery/Blepharoplasty
      • Nose Surgery/Rhinoplasty
      • Facelift
    • Non-invasive
      • Injectables
        • Botulinum Toxin
        • Hyaluronic Acid
      • Facial Rejuvenation
        • Photorejuvenation/IPL
        • Chemical Peel
        • Microdermabrasion
        • Non-Surgical Skin Tightening
        • Full Field Ablative Laser Resurfacing
      • Others
        • Hair Removal
        • Tattoo Removal

By End User

  • Emergency Clinics
  • Office-based Facilities
  • Mobile Careful Focuses

Regional Segmentation

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

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