The global cosmetic surgery market size is expected to reach USD 142.52 billion by 2030, according to a new study by Polaris Market Research. The report “Cosmetic Surgery Market Share, Size, Trends, Industry Analysis Report, By Gender (Male, Female); By Age Group (13-29, 30-54, 55 And Above); By Procedure; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cosmetic surgery has long been in the public eye, as have non-surgical therapies like Botulinum toxin and other injectables. Medical spas and specialist clinics that perform these operations are widely available and continue to expand. To improve their cosmetic look, more people are turning to dermal fillers and non-surgical procedures like facial injectables. In the digital and social media-dominated age, a growing emphasis on self-awareness among the populace toward aesthetic appearance has played a crucial role in the observed rise in patients undergoing aesthetic surgery operations.
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Further. the number of patients receiving surgery and non-surgical cosmetic operations has increased, resulting in the growth of a sizable and appealing aesthetic medicine sector functioning abroad. This factor has significantly increased the number of medical spas that are licensed and approved by the FDA in many different nations.
The availability of more medical spas with a wide range of services has sparked fierce price competition, which has further lowered the cost of cosmetic treatments. The American Med Spa Association (AmSpa) estimates that between 2016 and 2018, the country’s medical spa population increased by about 50%. An estimated 5,400 licensed medical spas were in operation in the nation in 2018.
Additionally, the industry has benefited from the advent of medical spas, where service providers have been utilizing cutting-edge equipment and goods to deliver on-par services to their clients. The market has grown as a result of these circumstances. Because prices have decreased and more people have access to healthcare professionals and services, there has been a considerable increase in the number of patients having aesthetic operations performed worldwide.
Throughout the projected timeframe, more consumers want to improve their self-esteem, as well as the growth of self-monitoring technologies, will expand the possibilities that will give rise to the cosmetic surgery and services industry.
Cosmetic Surgery Market Report Highlights
- Non-invasive segment is anticipated to witness fastest growth over the forecast period. Due to the increased number of patients having injectable and dermal filler procedures performed around the world, the number of non-surgical procedures is showing a noticeable increase. A huge patient pool is currently receiving these procedures as a result of rising public awareness of non-surgical techniques and falling costs for these operations. The launch of cutting-edge dermal fillers is anticipated to further accelerate the segment’s growth in the global market.
- Male segment accounted for a significant revenue share. The number of aesthetic surgical treatments performed on males is steadily rising. The number of men having cosmetic surgery has increased as a result of growing urbanization and a decline in the societal stigma associated with men having cosmetic surgery.
- Asia Pacific is expected to grow faster than other regions over the projected period. Some of the factors contributing to the market’s expansion in the Asia Pacific region include rising medical tourism in India and the rise in cosmetic surgery procedures in Australia, South Korea, and other nations in the region.
- The global market players include with a global presence including Abbvie Incorporation, Allergan, Plc, Alma Lasers Ltd., Anika Therapeutics, Inc., HansBiomed Co., Ltd., Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Sientra Inc, Suneva Medical, Inc., Sinclair Pharmaceuticals Limited, Teoxane Laboratories, and Valeant Pharmaceuticals International, Inc.
Polaris Market Research has segmented the cosmetic surgery market report based on procedure, gender, age group, and region:
Cosmetic Surgery, Procedure Outlook (Revenue – USD Billion, 2018 – 2030)
- Breast Augmentation
- Nose Reshaping
- Eyelid Surgery
- Tummy Tuck
- Botox Injections
- Soft Tissue Fillers
- Chemical Peel
- Laser Hair Removal
Cosmetic Surgery, Gender Outlook (Revenue – USD Billion, 2018 – 2030)
Cosmetic Surgery, Age Group Outlook (Revenue – USD Billion, 2018 – 2030)
- 55 and above
Cosmetic Surgery, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa