Cosmetic Surgery Market Size to Record 4.0% CAGR over 2024-2032; Increasing Demand for Cosmetic Procedures among Males to Fuel Market Progress

July 18, 2023 | Healthcare

The global cosmetic surgery market size touched USD 57.67 billion in 2023 and is predicted to reach USD 59.77 billion in 2024. The market is anticipated to touch USD 81.66 billion by 2032, recording a CAGR of 4.0% over 2024-2032.


Fortune Business Insights™ presents this information in its latest report titled “Cosmetic Surgery Market Size, Share & Industry Analysis, By Procedure (Surgical Procedures and Non-Surgical Procedures), By Gender (Female and Male), By Age Group (18 Years and Younger, 19 to 34 Years, 35 to 50 Years, 51 to 64 Years, and 65 Years & Above), By Provider (Hospitals & Specialty Clinics and Spas & Cosmetic Surgery Centers), and Regional Forecast, 2024-2032”.


The prevalence of a wide range of dermatological conditions is rising across the world, which has prompted patients to undergo various cosmetic surgeries to treat them. Moreover, the growing focus on improving aesthetic appearance has urged people to try out various cosmetic treatments. Social media has also played a vital role in increasing people’s awareness about the different types of cosmetic procedures available in the market. The demand for non-invasive surgical procedures is growing at a strong rate, which will further accelerate the cosmetic surgery market growth.


COVID-19 Pandemic Caused Reduction in Cosmetic Surgeries, Impeded Market Growth


The COVID-19 pandemic caused a major decline in the number of patients visiting dermatology clinics and hospitals to undergo cosmetic treatments. One of the major factors contributing to this is the government-enforced lockdowns and other restrictions, which forced people to stay indoors. Cosmeticians also saw a notable decrease in the number of cosmetic surgeries performed during this period as major healthcare resources were dedicated to treating COVID-19-positive patients. These aspects impeded the market growth.


Increasing Demand for Cosmetic Procedures among Males to Fuel Market Progress


Cosmetic procedures are gaining significant traction from the male population in the past few years as a rising percentage of men are looking for different ways to delay the signs of aging. Furthermore, the demand for non-invasive cosmetic treatments is rising among males due to their benefits, such as shorter recovery time, minimal scarring, and immediate results. Some of the most sought-after surgical and non-surgical procedures among men include liposuction, eyelid surgery, rhinoplasty, hair removal, gynecomastia, and botulinum toxin.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/cosmetic-surgery-market-102628


Competitive Landscape


Leading Companies to Launch New Products to Gain Competitive Edge


As far as the market’s competitive landscape is concerned, some of the companies that have held a dominant position in this industry include AbbVie Inc., Bausch Health Companies Inc., and Johnson & Johnson Services, Inc. (MENTOR). These companies are increasing their focus on launching innovative products and solutions to improve patient outcomes and gain a strong competitive edge. The other firms operating in this market include GALDERMA, Cutera, Merz Pharma, and Cynosure.


Notable Industry Development:



  • March 2021 – Bausch Health Companies Inc.’s Solta Medical introduced the Clear + Brilliant Touch laser in the U.S. This device claims to offer personalized treatment for patients of all ages and skin types.


List of the Companies Profiled in the Report:



  • Bausch Health Companies Inc. (Canada)

  • Johnson & Johnson Services, Inc. (MENTOR) (U.S.)

  • AbbVie Inc. (U.S.)

  • Cutera (U.S.)

  • Merz Pharma (Germany)

  • GALDERMA (Switzerland)

  • Sientra, Inc. (U.S.)

  • Cynosure (U.S.)

  • Apyx Medical (U.S.)

  • Long Island Plastic Surgical Group, PC (U.S.)


Further Report Findings



  • North America is expected to capture a leading cosmetic surgery market share. Some of the major factors contributing to the region’s dominance over this market can be credited to the notable presence of highly skilled dermatologists and surgeons and the rising network of aesthetic clinics in the U.S. and Canada.

  • Latin America is estimated to be the fastest-growing region in this market during the forecast period. One of the major factors helping the region grow at a strong pace is the rising demand for medical tourism, growing adoption of innovative technologies & methods in aesthetic clinics, and offering cosmetic procedures at an affordable price.

  • The hospital & specialty clinics segment accounted for the largest share in the market in 2022 as most patients prefer to visit these medical centers to undergo cosmetic treatments. The rising demand for minimally-invasive treatments is also expected to boost the segment’s expansion in the coming years.


Table of Segmentation






























































  ATTRIBUTE



  DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate     



CAGR of 4.0% from 2024-2032



Unit



Value (USD billion)



Segmentation



By Procedure, Gender, Age Group, Provider, and Region



By Procedure




  • Surgical Procedures

    • Breast Augmentation

    • Liposuction

    • Eyelid Surgery

    • Abdominoplasty

    • Rhinoplasty

    • Others



  • Non-Surgical Procedures

    • Botulinum Toxin

    • Hyaluronic Acid

    • Hair Removal

    • Nonsurgical Fat Reduction

    • Photo Rejuvenation

    • Others





By Gender




  • Female

  • Male



By Age Group




  • 18 Years and Younger

  • 19 to 34 Years

  • 35 to 50 Years

  • 51 to 64 Years

  • 65 Years & Above



By Provider




  • Hospitals & Specialty Clinics

  • Spas & Cosmetic Surgery Centers



By Region




  • North America (By Procedure, By Provider, By Gender, By Age Group, By Country)


    • U.S.

    • Canada


  • Europe (By Procedure, By Provider, By Gender, By Age Group, By Country/Sub-Region)


    • Germany






    • U.K.

    • France

    • Italy

    • Spain

    • Russia

    • Rest of Europe



  • Asia Pacific (By Procedure, By Provider, By Gender, By Age Group, By Country/Sub-Region)

    • China

    • Japan

    • India

    • South Korea

    • Southeast Asia

    • Rest of Asia Pacific





  • Latin America (By Procedure, By Provider, By Gender, By Age Group, By Country/Sub-Region)





    • Brazil

    • Mexico

    • Rest of Latin America



  • Middle East & Africa (By Procedure, By Provider, By Gender, By Age Group, By Country/Sub-Region)

    • Egypt

    • Turkey

    • Rest of Middle East & Africa




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  • 2023
  • 2019-2022
  • 158
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