Cosmetic surgery involves surgical as well as non-surgical procedures that enhance or alter a portion of an individual's body or face through reconstructive, restorative, or altering techniques. Individuals opt for cosmetic surgery procedures to enhance their self-esteem and appearance. Some common cosmetic surgeries include breast augmentation, liposuction, eyelid surgery, abdominoplasty, hair transplantation, and sclerotherapy. The use minimally invasive cosmetic surgery procedures such as laser surgery, injectable fillers, and botulinum toxins are gaining prominence as they offer reduced downtime and better results.
The global Cosmetic Surgery Market is estimated to be valued at US$ 57.35 Bn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of minimally invasive cosmetic surgery procedures has been on the rise over the past few years owing to advantages such as reduced procedural time, lower costs, minimal pain and scarring, and quick recovery time. Non-invasive procedures such as injections of dermal fillers and toxins allow shaping of specific structures of the face without extensive incision, surgical downtime, or significant scarring. The demand for botulinum toxin injection and dermal fillers is increasing globally as they help in reducing the appearance of fine lines and wrinkles. Various technologically advanced energy-based devices using laser, light, radiofrequency, and ultrasound are also gaining widespread acceptance for performing non-invasive procedures. This has propelled the growth of the overall cosmetic surgery market over the recent past.
Segment Analysis
The global cosmetic surgery market is dominated by the facial cosmetic surgery segment. Facial surgery procedures aim to enhance and reshape features such as the nose, lips, chin, cheeks, and eyelids. These surgeries are gaining increasing popularity among both men and women across regions to look younger and more attractive. This is driving the growth of the facial cosmetic surgery segment.
Key Takeaways
The global cosmetic surgery market is expected to witness high growth over the forecast period of 2023 to 2030. The market was valued at US$ 57.35 Bn in 2024 and is projected to reach a value of US$ 84.81 Bn by 2030, expanding at a CAGR of 3.9% during 2023-2030.
Regional analysis:
North America currently dominates the global cosmetic surgery market and is expected to continue its dominance over the forecast period as well. High disposable income levels and the early adoption of new technologies in the region are supporting the market growth. The United States holds the largest share of the North American as well as global cosmetic surgery market.
Key players related content comprises
Allergan, Alma Lasers, Anthropic, Cynosure, Galderma, Merz Pharma, and Lumenis. Allergan held the leading share of the global cosmetic surgery market in 2024 owing to its strong product portfolio and global market presence.
The global cosmetic surgery market is fragmented in nature with the presence of both global and local players. Key players are focusing on new product launches, expansions, mergers and acquisitions to gain a competitive edge in the market. For instance, in 2021, AbbVie acquired Allergan plc to further expand its medical aesthetics business worldwide.
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