The global cosmetic surgery market is anticipated to grow at a significant CAGR during the forecast period. The popularity of cosmetic surgery is increasing rapidly in recent times. As per the American Society of Plastic Surgeon report in 2018, around 17.7 million cosmetic procedures were performed in the US alone. The cosmetic surgery procedure was popular in both the genders, in females as well as males. For instance, as per the American Society of Plastic Surgeon, several of the popular cosmetic surgery in males in the US include Brest reduction (Gynecomastia), Eyelid surgery (Blepharoplasty), Lip augmentation (other than injectable materials), and Tummy tuck (Abdominoplasty).

Additionally, factors such as increasing incidences of accidents across the globe are driving the cosmetic surgery market. According to the World Health Organization, about 50 million people get injured every year in road accidents. The road accident results in increased demand for cosmetic procedures such as facial reconstruction. Additionally, the rising disposable income in developing economies such as India, China, Philippines will also drive the growth of the cosmetic surgery market during the forecast period. However, the limited awareness of cosmetic surgery coupled with high cost will restrict the cosmetic surgery industry growth. 

Segmental Outlook 

The global cosmetic surgery market is segmented on the basis of the surgery type into liposuction, facial reconstruction, eyelid & nose surgery, body contouring, cosmetic implants, and others. The body contouring sub-segment includes a tummy tuck, breast lift, and others. Out of which, breast lift will be the fastest-growing segment owing to the increasing popularity of breast lifting across the globe. 

Global Cosmetic Surgery Market Share by Surgery Type, 2018 (%)

Cosmetic Implants to Contribute a Prominent Share to the Market

Based on the surgery type, the cosmetic implants segment is anticipated to hold a prominent share in the cosmetic surgery market. Cosmetic implants include buttock implants, chin & cheek implants, and others. According to the American Society of Plastic Surgeon, breast augmentation is the most performed cosmetic surgical procedure. In 2018, silicone implants were used in 88%, and saline implants in 12%, of all breast augmentations that took place in the US during 2018. The increase in breast augmentation will drive the cosmetic surgery market.

Regional Outlooks

The global cosmetic surgery market is further segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share in cosmetic surgery during the forecast period. The well developed and technologically advanced healthcare infrastructure and increased consumer spending are anticipated to drive the cosmetic surgery market in the region. According to the American Society of Plastic Surgeons in 2018, around $16.5 billion was spent on cosmetic procedures in the US alone. Additionally, the government support for ensuring safe cosmetic surgery across the region will also aid in the cosmetic surgery market shares. 

Global Cosmetic Surgery Market Growth by Region, 2019-2025

Asia-Pacific will Augment with the Fastest Growth Rate in the Cosmetic Surgery Market 

Asia-Pacific is anticipated to exhibit the fastest growth rate in the cosmetic surgery market due to the growing healthcare sector researches across the region. South Korea and China are the major economies in Asia-Pacific and the market of cosmetic surgery will grow considerably in the region owing to the increasing pending on cosmetic procedures. According to the International Society of Aesthetic Plastic Surgery (ISPA) 2019, China has around 3,000 plastic surgeons that account for 6.5% of the total plastic surgeon across the globe. Hence the presence of plastic surgeons in China will augment the growth of the cosmetic industry across the globe.

Market Players Outlook

Some of the key players of the cosmetic surgery market include Cutera Inc., Galderma SA, AbbVie Inc., Syneron Medical Ltd., Alma Lasers GmbH, Anika Therapeutics, Inc., Bausch Health Companies Inc., Cynosure Inc., El.En. S.p.a., and others. The market players are considerably contributing to the market growth adopting various strategies including mergers, and acquisitions, collaborations, and technological advancements to stay competitive in the market.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global cosmetic surgery market. Based on the availability of data, information related to products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.