The anticipated value of the global cosmetic surgery and procedure market in 2021 was $63 billion, and it is projected to increase at a CAGR of 7% during the forecast period 2023 to 2032.
Increasing prevalence of breast cancer, rising aging population and rising medical tourism are anticipated to be the prime factors driving the growth of global cosmetic surgery and procedure market during forecast period. Increased number of women suffering from breast cancer has increased the demand for breast augmentation and breast lift procedures and is primarily fueled by the rising awareness and rising disposable income across the developing countries. The total number of surgical procedures for breast augmentation and breast lift accounted for more than 25% of the total surgeries performed globally in 2018.
The obese population is increasing rapidly due to changing lifestyle across the globe. This has created a demand for tummy tuck or abdominoplasty and liposuction, and is anticipated to be a major growth contributor towards the global cosmetic surgery and procedure market in coming years.
The global cosmetic surgery and procedure market is anticipated to expand at a CAGR of 6.5% during the forecast period. North America accounted for the largest number of cosmetic surgeries performed in last 3 years and is anticipated to be the largest revenue contributor to the global cosmetic surgery and procedure market owing to rise in number of breast augmentation and liposuction surgeries in the United States.
Asia Pacific is anticipate to be the fastest growing market for cosmetic surgery and procedure market owing to rapid growth of medial tourism across the geography with a major growth from India, Singapore, Malaysia, South Korea, and Thailand.
Major players dominating the global cosmetic surgery and procedure market include Allergan, Alma Lasers, Bausch Health Companies Inc., Cutera, Cynosure, Galderma Laboratories LP, Hologic, Inc., Ipsen Pharma, Johnson & Johnson Services, Inc., and Merz Pharma GmbH & Co. KGaA.
The report titled “Cosmetic Surgery and Procedure Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Cosmetic Surgery and Procedure market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Merz Pharma GmbH & Co. KGaA reported revenues of US$ 1,218.6 Million in 2019 and the segment and geographic analysis of the company indicates that EMEA and Americas accounted 71.4% of total revenue.
The global cosmetic surgery and procedure market has been segmented based on type, gender, age group, end user, and geography. Based on type the cosmetic surgery and procedure market is segmented into surgical procedures and non-surgical procedures. The surgical procedures are further sub-segmented into breast augmentation, liposuction, tummy-tuck, eyelid surgery, and breast lift. Similarly, the Non-surgical procedures are sub-segmented into Botulinum toxin, Dermal Fillers, Laser hair removal, Chemical peels, Photo-rejuvenation, and Microdermabrasion. Based on gender, the global cosmetic surgery and procedure market is segmented into female, and male. Based on age group, the global market is segmented into 13 to 19 years, 20 to 29 years, 30 to 39 years, 40 to 54 years, and 55 years & above. Based on end user, the global cosmetic surgery and procedure market is segmented into hospitals, private surgery center, free-standing ambulatory surgical facility, and others. Based on geography, the global cosmetic surgery and procedure market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study provides in-depth analysis of prominent players holding major share in the market with a focus on all operating business segment, and would identify the segment of the company focusing on cosmetic surgery and procedures. Further, market share of company in the global Cosmetic Surgery and Procedure market would also be calculated. For instance, Hologic, Inc. operates through five business segments namely Diagnostics, Breast Health, Medical Aesthetics, GYN Surgical and Skeletal Health. Majority of the cosmetic surgery and procedure products offered by the company are marketed under Medical Aesthetics with revenue contribution of US$ 252.9 Million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the Cosmetic Surgery and Procedure companies. Furthermore, the global Cosmetic Surgery and Procedure market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Cosmetic Surgery and Procedure market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Cosmetic Surgery and Procedure market arena. Key players in the global cosmetic surgery and procedure market are strongly focusing on developing advanced methods deliver and perform cosmetic surgery products and services with high accuracy to sustain the competition in the global market.