Cosmetic Surgery Market

Cosmetic Surgery Market Size Survey Report – In a Glance

As per the survey report on global Cosmetic Surgery market, the market is projected to foresee a CAGR of 22.5% between 2024-2033, and further generate a market size of USD 105.3 billion by the end of 2033. In the year 2023, the market size was valued at USD 21.3 billion.

• The global Cosmetic Surgery market is projected to grow on account of the that surging demand for increasing demand for male cosmetic procedures, increasing prevalence of obesity in the population, growing focus on improving aesthetic features, and ongoing technological advancements.
• In Japan, the Cosmetic Surgery market growth can be attributed to the increased awareness and acceptance of cosmetic procedures, technological advancements such as the creation of less invasive procedures and treatments, and heightened focus on personal aesthetics.
• KDMI analyst’s growth analysis foresees, frequent fluctuations in raw material to challenge the market growth.
• North America having the highest market share in the Cosmetic Surgery Market, is projected to dominate the global market.

Cosmetic Surgery Market Analysis

Cosmetic surgery, also referred as aesthetic surgery, involves surgical and non-surgical procedures which aims to improve person’s appearance. Surgical procedures include breast augmentation, liposuction, eyelid surgery, and tummy tuck among others. While the non-surgical/invasive procedures include Botox injections soft tissue fillers, laser hair removal, and chemical peel among others. Both men and women have a range of cosmetic surgery options available to enhance and improve their overall confidence and comfort with their physical appearance. Cosmetic surgeries can perform when body reach the full adult size. Generally, in male, at the age of 14-15 cosmetic surgeries can perform and in female, at the age of 13-14 cosmetic surgeries can perform. Cosmetic surgery is a personal choice that can significantly impact an individual's confidence and self-perception. With ongoing advancements and increasing societal acceptance, it plays an essential role in modern aesthetics and personal enhancement. AbbVie, Inc., Cynosure Lutronic, Evolus Inc., Galderma, Bausch Health Companies, Inc., and Lumenis are some of the significant players in the market for cosmetic surgery.

Analyst’s Observation on Japan Cosmetic Surgery Market Survey

In Japan, the market growth for the Cosmetic Surgery market is attributed to increased awareness and acceptance of cosmetic procedures, technological developments such as the creation of less invasive procedures and treatments, and heightened focus on personal aesthetics. For instance, according to the National Institute of Health (NIH), in 2022, eyelid surgery was the most common cosmetic surgery in Japan, with about 176,000 procedures. The market for cosmetic surgery in Japan is being driven by the rise in facial procedures performed to improve facial appearance. This was followed by facelifts, with around 74,000 procedures in Japan. AbbVie, Inc., Cynosure Lutronic, Evolus Inc., Galderma, Bausch Health Companies, Inc., and Lumenis are some of the significant players in Cosmetic Surgery markets in Japan.

Cosmetic Surgery Market Growth Drivers and Challenges

Growth Drivers

• Increasing Demand for Male Cosmetic Procedures

The adoption of cosmetic procedures among men is rapidly increasing, mainly driven by age-related anxieties. Men are increasingly embracing these interventions to preserve a youthful appearance. The growing interest in non-surgical treatments like dermal fillers and botulinum toxin among men is driving market expansion. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2023, a 6% increase in men’s cosmetic surgery, whereas body procedure surgery increased by 18% and face and neck procedure by 15%. Some popular procedures for men include hyaluronic acid fillers, non-hyaluronic acid fillers, laser hair removal, and laser skin resurfacing. Consequently, the rise in men’s cosmetics procedures is driving the market growth.

• Increasing Prevalence of Obesity in the Population

The increasing cases of obesity in the population worldwide, which leads to rise in the number of liposuction surgery cases, is driving the market growth. According to the Trust for America's Health, the adult obesity rate in 2023 was 14.9% whereas, the number of liposuction cases also increased. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS), 2.2 million liposuction surgeries took place in 2023. Liposuction also became a common surgical procedure replacing breast augmentation, there were 1.8 million liposuction procedures carried out, demonstrating a substantial 29% increase in its popularity. Therefore, the prevalence of obesity in the population all around the world is driving market growth.

Challenges

• Complications Associated with the Cosmetic Procedures

The growing popularity of cosmetic procedures in countries, such as the US, Germany, France, China, Brazil, and others, is increasing the number of cosmetic procedures performed. However, there are many complications associated with the treatment, which can negatively impact the market growth. The procedures carried out by non-physicians in salons, spas, and other non-medical settings are increasing the risk of these complications. Some common complications of aesthetic procedures include scars, swelling, infections, and nerve damage, among others. For instance, according to the Archives of Plastic Surgery (APS), seroma can occur following a tummy tuck operation in 15-30% of patients. It is a condition wherein serum pools occur beneath the surface of the skin, resulting in swelling and pain. Moreover, the side effects caused by using facial fillers is another major factor restricting the market growth. Some of the common complications include redness, skin pigmentation, bruising, crooked smile, inflammatory reaction, and others.

• High Treatment Costs of Cosmetic Surgeries

The high treatment costs of cosmetic surgeries, is a significant restraint affecting the market growth. Cosmetic surgery procedures have gained significant popularity due to the desire for fitness and health, as well as the desire to address various skin disorders. The preference for these invasive surgeries has been influenced by several factors, including the increasing trend of celebrities undergoing such procedures and the availability of advanced technologies and private clinics. However, the high cost of cosmetic surgery is a significant barrier for many individuals. The cost includes fees for advanced technologies used during the procedure, the surgeon and anesthesiologist, the surgical facility, and medication. For instance, a tummy tuck in the US costs an average of USD 7,500, while liposuction costs around USD 2,750.

Cosmetic Surgery Market Segmentation

Our experts at KD Market Insights have segmented the global Cosmetic Surgery Market research report as:

Cosmetic Surgery Market Regional Synopsis

North America has the highest share of the Cosmetic Surgery market, primarily driven by the evolving beauty standards, technological advancements, a cultural shift towards aesthetic enhancement, and increasing demand for both surgical and non-surgical aesthetic procedures. For instance, according to the American Society of Plastic Surgeons (ASAPS), more than 6.1 million cosmetic surgeries were performed in the region in 2023. Liposuction was the most performed surgery in the region in 2023, with a 7% increase, followed by breast augmentation with a 2% increase. The rise in disposable income among North American consumers has made elective cosmetic procedures more accessible. As individuals have more financial flexibility, there is a greater willingness to invest in aesthetic enhancements, contributing to market growth. Moreover, continuous innovation in cosmetic surgery techniques and devices has expanded the range of available procedures. Developments in laser technology, non-surgical fat reduction methods, and advanced injectables have made treatments safer and more effective, attracting a wider patient base. The presence of key market players such AbbVie, Inc., Cynosure Lutronic, Evolus Inc., Galderma, Bausch Health Companies, Inc., and Lumenis has established a robust supply chain and technology ecosystem in the North America region.

Europe represents a significant portion of the global cosmetic surgery market, with countries like the United Kingdom, Germany, and France leading in procedure volumes. European countries are popular destinations for medical tourists seeking high-quality procedures at competitive prices. Additionally, the UK's cosmetic surgery sector has experienced growth, partly due to increased awareness and acceptance of aesthetic procedures. However, concerns have been raised about patients seeking low-cost surgeries abroad, leading to complications and highlighting the need for stringent regulations.

The Asia-Pacific region is the fastest growing regional market in the global Cosmetic Surgery Market, due to increasing disposable incomes, expansion & merger and acquisition of companies in the region, and a burgeoning medical tourism industry. For instance, in February 2024, Cynosure and Hahn & Company, which recently acquired Lutronic, announced a definitive merger agreement for the strategic combination of Cynosure and Lutronic. This merger is intended to enable Cynosure and Lutronic to offer advanced solutions to customers and transform the medical aesthetics industry. The Asia-Pacific cosmetic surgery market is poised for continued robust growth, driven by cultural shifts, economic advancements, and technological progress. Understanding these regional dynamics is crucial for stakeholders aiming to navigate and capitalize on the evolving landscape of the cosmetic surgery industry in this vibrant region.

As per our analysts at KD Market Insights, the following five players lead Cosmetic Surgery Market:

• AbbVie, Inc.
• Cynosure Lutronic
• Evolus Inc.
• Galderma
• Bausch Health Companies, Inc.

Cosmetic Surgery Market Competitive Landscape

Some of the key players who top the global Cosmetic Surgery market share:

• AbbVie, Inc.
• Cynosure Lutronic
• Evolus Inc.
• Galderma
• Bausch Health Companies, Inc.
• Lumenis
• REVANCE AESTHETICS
• Candela Corporation
• Alma Laser
• Cutera, Inc.
• Sientra, Inc.
• Other

Cosmetic Surgery Market Recent Developments

• On August 14, 2024, Candela Corporation, launched the Matrix™ system, a first-of-its-kind radiofrequency (RF) platform for comprehensive skin treatments, has received U.S. Food and Drug Administration (FDA) 510(k) clearance for the percutaneous treatment of facial wrinkles in patients with Fitzpatrick Skin Types (FST) I-IV using its Matrix Pro® RF microneedling applicator. The applicator was previously FDA-cleared for use in general dermatological procedures involving hemostasis and electrocoagulation. 
• On March 7, 2023, CUTERA, INC. announced the launch of Secret DUO, an innovative skin resurfacing and revitalization platform that utilizes dual non-ablative fractional technologies. Each modality can be used individually or in combination to target a wide range of aesthetic indications.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Cosmetic Surgery Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1.  By Procedure
      2.  By Equipment
      3.  By Gender
      4.  By Age Group
      5.  By End-User
      6.  By Region
5. Market Segmentation by Procedure
   1.  Invasive
      1.  Breast Augmentation
      2.  Liposuction
      3.  Eyelid Surgery
      4.  Tummy Tuck
      5.  Others
   2.  Non-invasive
      1.  Botox Injections
      2.  Soft Tissue Fillers
      3.  Chemical Peel
      4.  Laser Hair Removal
      5.  Microdermabrasion
      6.  Dermabrasion
      7.  Others
6. Market Segmentation by Equipment
   1. Radiofrequency Equipment
   2. Laser Equipment
   3. Electrotherapy Equipment
   4. Others
7. Market Segmentation by Gender
   1. Male
   2. Female
8. Market Segmentation by Age Group
   1.  13-19
   2.  20-34
   3.  35-50
   4.  51-64
   5.  65 and Above
9. Market Segmentation by End-User
   1. Hospitals
   2. Dermatology Clinics
   3. Cosmetic Surgical Centers
   4. Ambulatory Surgical Centers
   5. Others
10. Regional Analysis
    1. North America
       1. United States
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       2. Canada
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       3. Mexico
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
    2. Europe
       1. United Kingdom
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       2. Germany
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       3. France
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       4. Italy
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       5. Spain
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       6. Rest of Europe
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
    3. Asia Pacific
       1. China
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       2. Japan
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       3. India
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       4. Australia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       5. South Korea
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       6. Rest of Asia Pacific
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
    4. Latin America
       1. Brazil
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       2. Argentina
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       3. Colombia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       4. Rest of Latin America
          1. Market Size and Forecast
          2. Key Trends and Developments
          3.               Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
    5. Middle East & Africa
       1. South Africa
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       2. Saudi Arabia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       3. UAE
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
       4. Rest of Middle East & Africa
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Procedure, Equipment, Gender, Age Group, End-User
11. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. 1. AbbVie, Inc.
          2. Cynosure Lutronic
          3. Evolus Inc.
          4. Galderma
          5. Bausch Health Companies, Inc.
          6. Lumenis
          7. REVANCE AESTHETICS
          8. Candela Corporation
          9. Alma Laser
          10. Cutera, Inc.
          11.  Sientra, Inc.
          12. Other Players
12. Strategic Recommendations
13. Appendix
    1. List of Tables
    2. List of Figures
14. References