As per the report by Fortune Business Insights, the global Cosmetic Surgery Market Size is projected to reach USD 58.78 billion in 2028, at a CAGR of 3.6% during the forecast period, 2021-2028
Pune, India, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The global Cosmetic Surgery Market size was accounted at USD 44.55 billion in 2020. The market is projected to grow from USD 46.02 billion in 2021 to USD 58.78 billion by 2028 while exhibiting a CAGR of 3.9% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Cosmetic Surgery Market Size, Share & COVID-19 Impact Analysis, By Procedure, By Application, By End-User, and Regional Forecast, 2021-2028.”
May 2020 – AbbVie Inc. Inc., completed the acquisition of Allergan to strengthen its position as a strong leader in many cosmetic and therapeutic categories.
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2021 to 2028
Forecast Period 2021 to 2028 CAGR
2028 Value Projection
USD 58.78 Billion
Market Size in 2021
USD 46.02 Billion
Historical Data for
2017 to 2019
No. of Pages
Entry of Various Licensed Medical Spa Companies to Fuel Market Growth
The emergence of several licensed key players offering advanced cosmetic surgical products is may enhance the product demand. Robust demand for products with minimal effects may nurture product sales. Furthermore, strong demand for surgical procedures and innovative products from consumers may enhance the industry growth. Moreover, a rising focus on aesthetics and exponential healthcare spending are likely to boost the demand for advanced cosmetic surgeries globally. These factors may drive the cosmetic surgery market growth.
However, the presence of an unregulated market and the spike in the number of illegal vendors may impede market progress.
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High Demand for Dermal Fillers Procedure to Accelerate Non-surgical Procedure Segment
In terms of procedure, the market is divided into non-surgical and surgical procedures. Amongst these, in 2018, the surgical procedures segment was in the leading position in the market. Although the number of surgical procedures is much lower than non-surgical procedures across the globe, expensive nature of the former is one of the main factors responsible for high share of the segment. Eyelid surgery, liposuction, and breast augmentation were the top surgical procedures that were performed the most in 2018.
The non-surgical procedures segment, on the other hand, is set to exhibit considerable growth owing to the rising number of patients undergoing dermal and injectable filler procedures around the world. Hyaluronic acid and botulinum toxin were two of the dominating fields in this segment in 2018. Development of new dermal fillers equipped with advanced features would aid growth of this segment.
Segmentation of Cosmetic Surgery Market
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High Per-capita Income and Per Surgery Costs to Bolster Industry Growth in North America
North America is projected to dominate the cosmetic surgery market share because of its high per-capita income and per surgery costs. The market in North America stood at USD 13.45 billion in 2020 and is expected to grow rapidly during the forecast period. Furthermore, evolving consumer preferences and the adoption of a healthy lifestyle are expected to boost the adoption of the product. These factors may propel market development.
In Asia Pacific, growing medical tourism activities in India may foster the adoption of cosmetic surgery among the population. These factors may influence the market growth during the pandemic.
List of the Companies Profiled in the Global Cosmetic Surgery Market:
Long Island Plastic Surgical Group, P.C.
Other key market players
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Table of Contents:
Total Number of Procedures, Key Countries
Top 10 Countries, By Surgical & Non-Surgical Procedures
Distribution of Cosmetic Procedures, By Type
Distribution of Cosmetic Procedures, By Gender (Surgical & Non-Surgical)
Key Procedures, By Indication (Surgical & Non-Surgical)
Medical Tourism for Cosmetic Procedures, Key Countries
Number of Cosmetic / Plastic Surgeons, By Key Countries
Pricing of Key Procedures, Key Countries
Impact of COVID-19 on the Market
Global Market Analysis, Cosmetic Surgery Market Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis, Insights and Forecast – By Procedures
Nonsurgical Fat Reduction
Cosmetic Surgery Market Analysis, Insights and Forecast – By Gender
Market Analysis, Insights and Forecast – By Provider
Hospitals & Specialty Clinics
Spas & Cosmetic Surgery Centres
Market Analysis, Insights and Forecast – By Geography
Middle East & Africa
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