Cosmetic Surgery And Procedure Market to Grow with a CAGR of 14.68% through 2029
Increased Awareness and Media Exposure and increase in the aging
population is expected to drive the Global Cosmetic Surgery And Procedure
Market growth in the forecast period, 2025-2029
According to TechSci Research report, “Cosmetic
Surgery And Procedure Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global Cosmetic
Surgery And Procedure Market stood at USD 112.06 billion in 2023 and is
anticipated to grow with a CAGR of 14.68% through 2029.
Growing awareness among individuals about Cosmetic Surgery And Procedures has created favorable market conditions globally. Various factors contribute to the growth of these products. The aging global population is a significant driver, as people increasingly seek cosmetic procedures to address signs of aging such as wrinkles and sagging skin. Procedures like facelifts, eyelid surgery, and skin rejuvenation treatments are experiencing heightened demand due to this demographic trend. With life expectancy on the rise in many regions, the market is poised to benefit from a continuously expanding customer base.
Increased disposable income levels in many countries have expanded access to cosmetic surgery and procedures for a broader demographic. With greater financial resources, individuals are more inclined to invest in enhancing their appearance. Additionally, the rising popularity of medical tourism has become a significant driver in the cosmetic surgery and procedure market, as people seek high-quality services at lower costs in destination locations. Technological advancements have transformed cosmetic surgery and procedures, with innovative techniques and minimally invasive options gaining traction for their ability to reduce pain, scarring, and recovery times. Safer and more efficient technologies, such as laser treatments, Botox, dermal fillers, and non-surgical body contouring, have broadened the range of available options for patients, enhancing safety and effectiveness while attracting more clients.
In today's fast-paced world, cosmetic procedures, particularly minimally invasive ones, offer minimal downtime compared to traditional surgeries, catering to busy individuals seeking convenience. As people manage demanding lifestyles, the desire to maintain a youthful appearance becomes paramount, driving demand for treatments like facelifts, wrinkle reduction, and skin rejuvenation, which can boost confidence and open new opportunities. The increasing demand for aesthetic enhancements reflects societies' growing focus on personal appearance, influenced by factors like social media and celebrity culture. Cosmetic surgeries and procedures allow individuals to express their unique identity and take control of their self-image, aligning with the trend towards individuality and self-expression.
The cosmetic surgery and procedure market's growth is further fueled by the popularity of non-invasive and minimally invasive techniques, which provide effective results with minimal downtime, catering to time-conscious consumers seeking solutions that fit their fast-paced lifestyles. However, challenges such as social stigma, body positivity movements, economic factors, affordability concerns, and regulatory and ethical considerations may present obstacles to market expansion in the future.
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The Global Cosmetic Surgery And Procedure Market is
segmented into procedure type, gender, age group, regional distribution, and
company
Based on age group, the 30-54 segment emerged as the dominant player in the global market for Cosmetic Surgery And Procedure in 2023. As per the American Society of Plastic Surgeon's (ASPS) Insights and Trends Report for Cosmetic Surgery in 2022, individuals aged 30 to 45 are increasingly choosing cosmetic treatments such as liposuction, abdominoplasty, breast augmentation, breast enlargement, and cheek implants. Conversely, those in the age category of 45 and above are favoring more advanced invasive procedures, including eyelid surgeries and facelifts.
The Asia-Pacific market is poised to be
the fastest-growing market, offering lucrative growth opportunities for Cosmetic
Surgery And Procedure players during the forecast period. Factors such as The
growth of cosmetic surgery centers in emerging economies, escalating healthcare
expenses, a maturing population, and a heightened focus on aesthetics stand out
as key drivers in the regional sector. Notably, the demand for cosmetic
procedures in China has witnessed a recent uptick, driven by the country's
rising obesity rates, prompting individuals to explore more intensive weight
loss methods such as liposuction. Japan has seen an uptick in
the volume of cosmetic procedures, according to data from the International
Society of Aesthetic Plastic Surgery (ISAPS). In the country, the most
sought-after medical interventions include dermal fillers, botulinum toxin treatments,
and eyelid surgery. Meanwhile, South Korea is anticipated to emerge as the
central hub for cosmetic procedures in the region. This is fueled by factors
such as the availability of cutting-edge products, a growing fascination with
larger, double eyelids, and an increasing emphasis on physical appearance, all
of which are contributing to the market's expansion.
Major companies operating in, Global Cosmetic
Surgery And Procedure Market are:
- AbbVie Inc.
- Cynosure LLC
- Evolus Inc.
- Revance Therapeutics, Inc
- Galderma SA
- Lumenis Be Ltd.
- Solta Medical (Bausch Health
Companies Inc.)
- Candela Corporation
- Alma Laser Ltd
- Airsculpt Technologies, Inc
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“The advancement in technology and Increased Awareness
and Media Exposure are key drivers of the Cosmetic Surgery And Procedure
market. In recent years, the growing medical tourism enables individuals to
access high-quality cosmetic procedures at more affordable prices, driving the
market's global reach. Moreover, the growing consumer emphasis on preventative
healthcare products has enhanced production and marketing efforts. To meet the
demands of the market, manufacturers are increasingly incorporating cutting-edge
technologies with high production efficiency. Rising consumer acceptance and
continuous product innovation will further ensure the growth of the Cosmetic
Surgery And Procedure market in the coming years.,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Cosmetic Surgery And Procedure Market – Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Procedure Type (Invasive Procedures {Breast augmentation, Liposuction, Nose reshaping, Eyelid Surgery, Tummy tuck, Others}, Non-invasive Procedures {Botox injections, Soft tissue fillers, Chemical peel, Laser hair removal, Microdermabrasion. Others}), By Gender (Male, Female), By Age Group (13-29, 30-54, 55 and above), By Region, Competition, 2019-2029F”, has evaluated
the future growth potential of Global Cosmetic Surgery And Procedure Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Cosmetic Surgery And Procedure Market.
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