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Market Overview
The Cosmetic Surgery Market will acquire a CAGR of 9.1% and a strong market valuation of USD 61.20 Million in the forecast period 2022-2030.
The beauty consciousness generation is inclining towards cosmetic services and procedures. Cosmetic surgery manufacturers have developed aesthetic devices which have increased the demand for aesthetic treatments. Also, the invention of technologically advanced products, non-invasive modes used for body contouring systems, is all set to bring up new growth opportunities for the market.
Moreover, the fashion and film industries are acting as the major Cosmetic Surgery Market drivers. These industries are influencing the public to opt for cosmetic surgeries. The growing rate of tourism activities and the medical tourism cluster creation in Miami and Bangkok has propelled the demand for cosmetic surgery.
Other health disorders, such as the higher rate of obesity cases and accidents, have increased the market’s demand. The non-invasive process, safety margins, and establishment of cosmetic surgery hospitals will create more opportunities. Furthermore, the reduced costs of cosmetic surgeries are accelerating the global market.
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Market Segments
The Cosmetic Surgery Market is segmented into various surgery types.
The surgery type segment of the market is categorized into different surgeries such as liposuction, eyelid, nose surgery, tummy tuck, breast lift, body contouring, and others. It also includes face reconstruction and cosmetic implants such as breast augmentation, buttock implants, and cheek & chin implants.
Regional Analysis
The geographical growth analysis of the Cosmetic Surgery Market shows its widespread growth in regions of North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa.
North America is taking the lead with the largest market share and steady growth. The growing adoption rate and inclination towards cosmetic surgery are driving the regional market here. Even the knowledge of cosmetic surgeries among the public is leading to market expansion. Technological advancements like silicone and polymer implants are accelerating the region’s revenue.
The European Union is the next leading regional market with the second largest market share value. The major factors driving the regional market growth are the enhancing economy and growing interest in cosmetic implants. Moreover, awareness among the public and advancements in medical technologies contributes to the market’s growth.
The Asia Pacific is showing a profitable growth margin in the forecast period. The inclination toward the cosmetic surgery business is driving the regional market. Also, the tourist sector is playing an active role. The rise in per capita income and increased surgery investment propelled the market’s growth. India, China, and Southeast Asian nations like Thailand, Vietnam, and Malaysia, are showing favorable market growth.
The top key players in the market are Johnson & Johnson, Valeant Pharmaceuticals International, Cutera, Inc., Syneron Medical Ltd., Allergan, Inc., Genesis Biosystems, Inc.
Industry News
In September 2022, Sientra, Inc., a medical aesthetics company, focused on enhancing lives through advanced plastic surgery. It has announced approval from the Saudi Food & Drug Authority for marketing the company’s smooth line surface, silicone gel breast implants with High-Strength Cohesive in Saudi Arabia.
In May 2021, GC Aesthetics Inc. announced its new breast implant launch -PERLE. PERLE is an innovative line of smooth breast implants with proprietary surface technology. It is the company’s leading gel technology and enhanced safety features that have underpinned GCA’s long-term safety record.
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