The Global Cosmetic Surgery And Procedure Market size is expected to reach $107.2 billion by 2027, rising at a market growth of 9.8% CAGR during the forecast period.
Cosmetic surgery is a specialized area of medicine that focuses on enhancing one's look through surgical and medicinal methods. All sections of the head, neck, and body can benefit from cosmetic surgery. In addition, cosmetic surgery is opted by the people who want to increase the aesthetic appeal of a functional body part.
The invention of new cosmetic devices through manufactures has resulted in an increase in demand for cosmetic therapies in recent years. The overview of technologically enhanced product lines, such as non-invasive body contouring systems that use fat freezing technology, for example, is expected to generate lucrative growth opportunities.
Botulinum toxin is a naturally present deadly toxic substance with various applications. This toxin is most commonly used for the treatment of painful muscle spasms as well as for cosmetic reasons. Botulinum toxin is also known as Botox and Dysport. The small use of this toxic chemical aids in muscular coordination and this substance is very useful in cosmetic treatments.
Botox injections are known for their capabilities to degrade the appearance of facial creases. These injections are also used to treat excessive sweating (hyperhidrosis), neck spasms (cervical dystonia), an overactive bladder, and lazy eyes. Botox injections may also be useful in the prevention of chronic migraines. Additionally, Botox injections temporarily paralyze muscles by injecting a toxic substance onobotulinumtoxinA. This toxin is made by the microbiota that causes botulism, which is a form of food poisoning. Botulinum toxin was first used in a drug called Botox. AbbotulinumtoxinA (Dysport), rimabotulinumtoxinB (Myobloc), and incobotulinumtoxinA are now among the other products available (Xeomin). These injections are not interchangeable because they slightly different, especially in terms of dosage units.
Along with that, Botox injections block the effects of particular chemical transmission from nerves, most of which end up causing muscles to contract. The most common usage of these injections is to partially rest the facial muscles which end up causing fine lines in the forehead and across the eyes. These injections are used to cure issues that impact the body systems.
Plastic surgery is performed using a variety of instruments such as curettes, Awls, gouges, chisels, and mallets. Depending on their function, these instruments are classified as cutting tools, clutching or carrying instruments, and plungers.
The COVID-19 pandemic had a significant impact on the demand for aesthetic medicine. Originally, social distancing and a sharp drop in consumer income harmed the overall aesthetic procedure industry. The market had experienced a period of short-term negative growth as a result of factors such as temporary closures of beauty centers, limited operations, decreased product demand, and disruptions in the production and business chain. Remote working has enhanced the average time spent on Zoom calls. People are paying too much attention to about their physical appearance. It has created a market for cosmetic procedures, with Botox being one of the most popular. Non-invasive procedures have grown in popularity in recent months, while invasive procedures have declined.
The Cosmetic Surgery and Services Market is growing in conjunction with technological advancement. This is due to higher knowledge of advanced cosmetic surgery techniques and increased affordability of beauty treatments. Technologies such as Halo laser, combines ablative and non-ablative wavelengths to profit the skin on different levels. Among the radio wave, micro needling devices are the secret, Infini, vivace, and enzymes. With the advancements in technologies and treatments, the demand for more efficient aesthetic procedures is also increasing across the world. The Cosmetic Surgery and Services Industry is increasing due to the rising preference for minimally invasive procedures.
Several sectors, such as modeling work and aerospace, are integrally linked to human beauty from the outside. Individual people pursuing a job in these industries must encounter certain standards of beauty. Applicants applying for the job of flight attendant must fulfill the airline's height, skin color, and body shape demands. When candidates have tattoos and piercings or scar tissue on their bodies, their applications are more often rejected. Participants who wish to pursue these career opportunities make every attempt to satisfy the criteria. Many people would prefer to have cosmetic procedures, but the recovery time and the chances of obtaining scars from stitches during surgeries often inhibit them from using it.
Restrictive laws and inappropriate reimbursement rates are two key factors expected to nullify the expansion of the Cosmetic Surgery and Services Market. Several patients do not seek a recommendation from their general practitioner because they are extremely fearful of an unkind response or believe that plastic procedures are not essentially medical. Self-referral to the treatment center is a more suitable option. Cosmetic clinics have highly variable standards, but in response to an advertisement, the clinics frequently send representatives to the patient's home. These legislators are not medically qualified, but they suggest operations and book surgery dates, frequently offering a discount if the physician signs right away.
Based on Procedure Type, the market is segmented into Non-invasive, and Invasive. Based on Non-invasive Type, the market is segmented into Botox Injections, Laser Hair Removal, Soft Tissue Fillers, Chemical Peel, Microdermabrasion, and Others. Based on Invasive Type, the market is segmented into Breast Augmentation, Liposuction, Nose Reshaping, Tummy Tuck, Eyelid Surgery, and Others. The Non-Invasive segment garnered the highest revenue share in the Cosmetic Surgery and Procedure Market in 2020. Non-surgical cosmetic process is considered minimally traumatic because it does not involve a surgical procedure. Although, like any surgical condition, these therapies may have certain negative effects, particularly if performed by unqualified practitioners. Minimal pain, better results, and cheaper prices are just a few factors boosting global demand for non-invasive procedures.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 59.4 Billion |
| Market size forecast in 2027 | USD 107.2 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 9.8% from 2021 to 2027 |
| Number of Pages | 237 |
| Number of Tables | 404 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Procedure Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America procured the highest revenue share in the Cosmetic Surgery and Procedure Market in 2020. The major factors fueling market expansion are high cosmetic procedure adoption, rising frequency of skin problems, advanced healthcare infrastructure, and the existence of board-certified and trained cosmetic surgeons in the region. The increase in frequencies of cosmetic surgery procedures from 2000 to 2018 was analyzed by the American Society of Plastic Surgeons (ASPS).
Free Valuable Insights: Global Cosmetic Surgery and Procedure Market size to reach USD 107.2 Billion by 2027
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; AbbVie, Inc. is the major forerunner in the Cosmetic Surgery and Procedure Market. Companies such as Cynosure, LLC, Alma Lasers Ltd., Galderma S.A. are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Evolus, Inc., Revance Therapeutics, Inc., Cynosure, LLC, Alma Lasers Ltd., Candela Medical Corporation, Bausch Health Companies, Inc., Lumenis Ltd., Galderma S.A., and AbbVie, Inc.
By Procedure Type
By Geography
The cosmetic surgery and procedure market size is projected to reach USD 107.2 billion by 2027.
Massive attention in modeling and a professional life in aviation are driving the market in coming years, however, strict regulations and inadequate reimbursement limited the growth of the market.
Evolus, Inc., Revance Therapeutics, Inc., Cynosure, LLC, Alma Lasers Ltd., Candela Medical Corporation, Bausch Health Companies, Inc., Lumenis Ltd., Galderma S.A., and AbbVie, Inc.
The expected CAGR of the cosmetic surgery and procedure market is 9.8% from 2021 to 2027.
The North America is the fastest growing in the Global Cosmetic Surgery And Procedure Market by Region in 2020, and would continue to be a dominant market till 2027.
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