Press release
Cosmetic Surgery Market Size Projected To Reach $79.41 Billion By 2034 With A Cagr Of 7.9%
Cosmetic Surgery Market
What Is the Cosmetic Surgery Market Size and Projected Growth Rate?
The market for cosmetic surgery has seen robust expansion in recent times. An expected surge from $53.34 billion in 2024 to $58.62 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%, is predicted. Factors such as evolving perceptions of beauty, celebrity impact, greater financial accessibility, the sway of social media, psychological wellness, and media advertising have contributed to this growth in the historical period.
Anticipated to experience robust growth in the coming years, the cosmetic surgery market is projected to expand to a value of $79.41 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.9%. The growth in the predicted period can be credited to factors such as the increase in non-invasive procedures, cultural acceptance, the worldwide aging population, easy access to information, regulatory approvals and standards, and the rise of male aesthetic procedures. The forecast period is set to witness major trends like the incorporation of technology, non-invasive procedures, minimally invasive techniques, personalized and customizable procedures, 3D imaging and simulation, and the fusion of regenerative medicine into practices.
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What Are the Major Segments in the Cosmetic Surgery Market?
The cosmetic surgery market covered in this report is segmented -
1) By Procedure Type: Surgical Procedures, Non-Surgical Procedures, Other Procedures
2) By Provider: Spas And Cosmetic Surgery Centers, Hospitals And Specialty Clinics
3) By Gender: Male, Female
4) By Application: Liposuction, Eyelid And Nose Surgery, Body Contouring, Face Reconstruction, Cosmetic Implants, Other Applications
5) By End-User: Hospitals, Surgical Centers, Other End-Users
Subsegments:
1) By Surgical Procedures: Breast Augmentation, Liposuction, Rhinoplasty (Nose Surgery), Facelift Surgery (Rhytidectomy), Eyelid Surgery (Blepharoplasty), Tummy Tuck (Abdominoplasty), Chin And Cheek Surgery, Hair Transplant Surgery, Other Surgical Procedures
2) By Non-Surgical Procedures: Botox Injections, Dermal Fillers (Hyaluronic Acid Fillers), Chemical Peels, Laser Hair Removal, Microdermabrasion, Non-Surgical Facelift (Thread Lift), Cryolipolysis (Fat Freezing), Platelet-Rich Plasma (PRP) Therapy, Other Non-Surgical Procedures
3) By Other Procedures: Body Contouring (CoolSculpting, Radiofrequency), Scalp Micropigmentation, Tattoo Removal, Skin Rejuvenation Treatments (LED Therapy, Microneedling)
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What Are The Driving Cosmetic Surgery Market Evolution?
An increase in aesthetic procedures is set to fuel the expansion of the cosmetic surgery market. These procedures, either non-surgical or surgical, aim to improve a person's look. Their growing popularity is a direct result of heightened consumer interest in beauty enhancements, self-care, and personal appearance, combined with technological advancements. They offer an efficient way to boost confidence, encourage self-care, and address specific cosmetic issues. For example, the British Association of Aesthetic Plastic Surgeons, a UK-based body overseeing safety and education in cosmetic surgery, reported a remarkable upswing in cosmetic procedures in 2022. As per the data, there were 31,057 cosmetic procedures carried out in the UK in 2022, marking a significant increase of 102% from the previous year. Interestingly, women accounted for 93% of all the cosmetic procedures recorded in 2022, making for an impressive rise of 101% as compared to 2021. As for men, they made up for 7% of all procedures, showing a considerable spike of 118% from the year before. Consequently, the rise in aesthetic procedures is set to propel the cosmetic surgery market.
Which Firms Dominate The Cosmetic Surgery Market Segments?
Major companies operating in the cosmetic surgery market include Johnson & Johnson, Astellas Pharma Inc., Novartis AG, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Medtronic plc, Polytech Health & Aesthetics GmbH, AbbVie Inc., Daiichi Sankyo Co. Ltd., Mylan N.V., Bausch Health Companies Inc., Eisai R&D Inc., Kyowa Hakko Kirin Co. Ltd., Ferring Pharmaceuticals plc, Endo Pharmaceuticals plc, Galderma SA, Lumenis Ltd., Solta Medical Inc., Evolus Inc., Revance Therapeutics Inc., Syneron Candela Corporation, Alma Lasers Ltd., Sinclair Pharma plc, HansBiomed Co. Ltd., Teoxane Laboratories, Cynosure Inc., Merz Pharma GmbH & Co. KGaA, Vital Esthetique Inc., GC Aesthetics LLC, Ono Pharmaceutical Co. Ltd., Otsuka Pharmaceutical Co. Ltd., Shionogi & Co. Ltd.
What Trends Are Driving Growth in The Cosmetic Surgery Market?
Product innovation is emerging as a significant trend in the cosmetic surgery market. Numerous leading companies in this sector are concentrating on introducing new offerings to broaden their market presence. For illustration, in February 2022, Merz Aesthetics, a pharmaceutical company based in the U.S., rolled out a novel injectable implant known as Radiesse (+) Lidocaine. Radiesse (+) is a gel-like injectable dermal filler composed of calcium hydroxylapatite (CaHa). This product is specifically crafted to enhance volume and shape to the lower face attributes while simultaneously tightening and lifting jowls and buccula and smoothing and correcting moderate-to-severe facial creases and wrinkles. It's noteworthy as the first and singular aesthetic injectable capable of improving moderate to severe loss of jawline contour.
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Which Is The Largest Region In The Cosmetic Surgery Market?
North America was the largest region in the cosmetic surgery market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmetic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cosmetic Surgery Market?
2. What is the CAGR expected in the Cosmetic Surgery Market?
3. What Are the Key Innovations Transforming the Cosmetic Surgery Industry?
4. Which Region Is Leading the Cosmetic Surgery Market?
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