Cosmetic Surgery Market is projected to be worth USD 65.08 billion by 2033 and is anticipated to surge at a CAGR of 4.11%.
Any invasive operation that primarily aims to give the patient a more desirable appearance and entails making alterations to bodily features that appear normal when the patient visits to the doctor is referred as cosmetic surgery. It is mostly done for the body parts like the gluteus, breasts, hips, and other areas, as well as the facial features like the lips, nose, and cheeks. Compared to men, women choose it more often. Additionally, vaginoplasty, G spot amplification, and labioplasty are performed on female reproductive parts with this technique. Even if there are a number of negative effects that have been noted throughout time following surgery, many nonetheless highly desire this kind of operation.
Global Cosmetic Surgery Market Driving Factors and Challenges
The population of emerging nations is becoming more and more interested in aesthetic treatments, which will increase demand for cosmetic surgery in coming years. Growing awareness of skin therapy has resulted in a massive demand for cosmetic surgeries, fuelling the global market for these procedures. The expanding significance of cosmetic surgical operations such nose reshaping, Botox injections, and liposuction will increase the size of the worldwide cosmetic surgery market. The expanding significance of cosmetic surgical operations such nose reshaping, Botox injections, and liposuction will increase the size of the worldwide cosmetic surgery market. Extravagant expenses associated with cosmetic surgery may hinder the growth of the global cosmetic surgery market.
Moreover, another significant factor limiting the market's growth is the adverse effects of utilizing face fillers. Redness, skin pigmentation, bruises, crooked smiles, inflammatory reactions, and other issues are among the frequent side effects. When people have safety concerns, they are hesitant to have cosmetic operations done. This element has suppressed the desire for cosmetic procedures. Apart from this, Unregistered physicians and surgeons, and rising number of illegal hospitals and clinics offering cosmetic procedures in several countries are also posing a significant challenge for the growing cosmetic surgery market.
Impact of COVID-19 on Global Cosmetic Surgery Market
The market for cosmetic surgery was greatly impacted by the COVID-19 outbreak. Social distancing and abrupt reductions in consumer income had initially harmed the market. For a few months, it experienced decreased revenue as a result of numerous factors like manufacturing and supply chain disruption, decreased product demand, the temporary and permanent closure of beauty clinics and centres, and limited centre operations. Nonetheless, during the post-pandemic phase, Botox became one of the most popular non-invasive procedures, and the business gained speed while interest in invasive procedures decreased. As a result, the market saw a surge during this time, and it is anticipated that demand would remain high for the duration of the projected time period.
Global Cosmetic Surgery Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AbbVie Inc., Apyx Medical, Bausch Health Companies Inc., Cutera, Cynosure, GALDERMA, Johnson & Johnson Services, Inc., Long Island Plastic Surgical Group, PC, Merz Pharma, Sientra, Inc.
Global Cosmetic Surgery Market Segmentation:
By Gender: Based on the Gender, Global Cosmetic Surgery Market is segmented as; Female, Male.
By Procedure: Based on the Procedure, Global Cosmetic Surgery Market is segmented as; Non-Surgical Procedure, Surgical Procedure.
By Age Group: Based on the Age Group, Global Cosmetic Surgery Market is segmented as; 18 Years and Younger, 19 to 34 Years, 35 to 50 Years, 51 to 64 Years, 65 Years & Above.
By Provider: Based on the Provider, Global Cosmetic Surgery Market is segmented as; Hospitals & Speciality Clinics, Spas & Cosmetic Surgery Centres.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.