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Cosmetic Surgery and Procedure Market Size to Surpass US$ 146.5 Billion at CAGR of 9.8% by 2030 | Fact.MR

05-17-2024 07:29 AM CET | Health & Medicine

Press release from: Fact.MR

Cosmetic Surgery and Procedure Market

Cosmetic Surgery and Procedure Market

The global demand for cosmetic Surgery and procedures is expected to rise at a CAGR of 9.8% between 2022 and 2030. The global cosmetic surgery and procedure market is currently valued at $69.2 billion and is expected to grow to $146.5 billion by the end of 2030.

Changing societal beauty and aesthetic standards will be a major driver of the market in the future years. Other factors driving demand for cosmetic surgeries and procedures include an increased emphasis on physical appearance, the rising influence of celebrities, greater fitness consciousness, and the expanding availability of a variety of cosmetic procedures.

Other factors expected to drive growth in the cosmetic treatments market throughout the forecast period include increased availability of non-surgical cosmetic procedures, rising disposable income, a greater emphasis on fitness and health, and an increase in the prevalence of various skin conditions.

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Non-invasive cosmetic procedures are expected to dominate the market because to increased patient preference and lower prices when compared to invasive surgeries. Non-invasive surgery dominated the cosmetic surgery and treatment industry in 2021, accounting for 54%.

Top market players are working on product innovation to strengthen their worldwide market presence and revenue generation capacity.

Prayasta, a Bengaluru-based soft tissue development startup, is using 3D printing to make individualized breast implants and prostheses for mastectomy survivors. The company's goal is to aid mastectomy survivors by offering them with individualized soft tissue breast implants.

Key Takeaways from Market Study

Currently, the global cosmetic surgery and procedure market is valued at $69.2 billion.
By the end of 2030, the market is expected to generate US$ 146.5 billion.
Cosmetic surgery and procedures are expected to grow at a 9.8% CAGR over the next eight years.
Key market drivers include rising disposable income, increasing aesthetic awareness, an aging population, increased availability of non-invasive cosmetic procedures, and the high frequency of skin problems.
The North American cosmetic surgery and procedure market will account for approximately 35% of the worldwide market in 2022.
Improper reimbursement and the high cost of certain cosmetic surgery are expected to limit market growth to some extent.
Non-invasive cosmetic procedures accounted for a dominant market share of around 54% in 2021.
The market in China is expected to be valued at US$ 27 billion by 2030-end, expanding at an astronomical CAGR of 15% over the same time period.

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Segments of Cosmetic Surgery and Procedure Industry Research

By Procedure :
Invasive
Breast Augmentation
Liposuction
Nose Reshaping
Eyelid Surgeries
Tummy Tuck
Others
Non-invasive
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 :
North America
Latin America
Europe
APAC
MEA

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Winning Strategy

Companies in the cosmetic surgery and treatment industry are projected to spend in expanding their company reach in growing markets such as India and China. They are also expected to spend in the research and development of unique aesthetic items, as well as use a variety of marketing methods, in order to maximize worldwide sales potential.

This new cosmetic surgery and procedure market research analysis by Fact.MR, a market research and competitive intelligence company, provides a complete breakdown of all strategies used by large and minor market competitors in the industry.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global cosmetic surgery and procedure market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2030.

The study divulges essential insights on the market on the basis of procedure (invasive, non-invasive), gender (male, female), and age group (13-29, 30-54, 55 and above), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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