Cosmetic Surgery and Procedure Market Report

Cosmetic Surgery and Procedure Market Analysis By Type (Surgical, Nonsurgical), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2014 - 2025

Published: July 2017  |  100 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-517-5

Industry Insights

The cosmetic surgery and procedure market size was valued to be over USD 26.3 billion in 2016 and is anticipated to grow at a CAGR of 5.9% over the forecast period. Global increase in the incidence of acne and other skin-related conditions has driven the market. Furthermore, rapidly aging population and increasing concerns about wrinkles & related skin disorders are some of the key factors likely to boost the market.

Furthermore, increasing prevalence of breast cancer has increased the demand for breast augmentation and breast lift procedures. The demand for tummy tuck (abdominoplasty) and liposuction is also growing due to increasing obese population. Moreover, changing lifestyle, increasing affordability, and advancements in technologies are likely to propel the market growth of cosmetic surgery.

U.S. cosmetic surgery and procedure market by type, 2014 - 2025 (USD Billion)

U.S. cosmetic surgery and procedure market

Type of Surgery and Procedure Insights

Cosmetic surgery and procedure have been broadly categorized into surgical and nonsurgical. Cosmetics surgery or surgical procedure is segmented into breast augmentation, liposuction, tummy tuck, eyelid surgery (blepharoplasty), and breast lift. Nonsurgical segment further segmented into botulinum toxin, dermal fillers, laser hair removal, chemical peels, photo rejuvenation, and micro-dermabrasion.

The global increase in population also results in an increased demand for antiaging cosmetic and aesthetic treatments. Owing to its distinctive viscoelastic and moisturizing properties coupled with lower toxicity levels, demand for hyaluronic acid products are directly affected by growing application in minimally invasive antiaging solutions.

In January 2017, Allergan launched Juvéderm Volite, which is claimed to maintain results up to 9 months. The company also undertook dynamic acquisitions and completed two transactions, ZELTIQ Aesthetics, Inc, and Tobira Therapeutics in last 6 months.

Invasive or cosmetic surgery accounted for the highest share in 2016. The dominance of this segment can be attributed to increased affordability, enhanced safety, and long-lasting results of surgeries. The nonsurgical procedures segment is estimated to grow at a higher rate over the forecast period. This is due to increasing aesthetic awareness amongst the population, rise in medical tourism in regions such as India, South Korea, Brazil, and Singapore. In addition, nonsurgical procedures are more economical for patients.

Nonsurgical procedures such as dermal fillers, laser hair removal, and chemical peels are expected to propel the market growth, owing to the increase in adoption & awareness and technological advancements. For instance, advancements made in cosmetic & reconstructive procedures, such as microdermabrasion and photorejuvenation, are likely to boost the market over the forecast period. For instance, photorejuvenation is replacing expensive surgeries such as cosmetic plastic surgeries.

Global cosmetic surgery and procedure market by region, 2016 (%)

Global cosmetic surgery and procedure market

Regional Insights

North America dominated the global market in 2016 and accounted for more than 40% of the total market in 2016. This is owing to increased awareness about cosmetic surgeries, their growing demand, and easy availability of several commercialized procedures & skilled professionals in this region.

The popularity of noninvasive aesthetic procedures is high in this region, which has grown by 44% since 2011, and accounts for 42% of the total expenditure on cosmetic procedures in this region. The growing geriatric population and their desire to remain attractive drive the market for antiaging products. In 2015, Pestle & Mortar Cosmetics, a UK-based company, launched its hyaluronic acid-based serum in the US.

Asia Pacific is anticipated to be the fastest growing region during the forecast period from 2017 to 2025, owing to the growing demand for cosmeceutical surgeries in Japan, South Korea, India, and China. Growing aesthetic awareness amongst the population and increasing medical tourism in the region due to developing healthcare infrastructure & affordable treatments are likely to propel the market.

Large target population of China makes it an attractive market for industry players. The growing demand for dermal fillers is partially fulfilled by people traveling to South Korea for aesthetic procedures. Many industry players are aligning their strategic initiatives to capture the untapped market in China. In March 2015, BMG Pharma s.r.l. announced its entry into Chinese Market by launching its product, Ialuxid gel. Luqa Pharmaceuticals assisted the company with marketing and distribution of the product.

Competitive Insights

Entry of various players in the industry has increased the competition. Some of the major players are Allergan plc; Merz Pharma; Cutera; Cynosure, Inc.; Ipsen; Sientra, Inc.; Alma Lasers; and Johnson & Johnson. Product development and commercialization along with geographical penetration are key strategies deployed by the industry players to gain market share. For instance, Allergen received an approval from FDA for NATRELLE INSPIRA SoftTouch Breast Implants in January 2017.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, China, India, South Korea, Brazil, South Africa

Report coverage             

Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global cosmetic surgery and procedure market on the basis of type of procedures.

  • Type of Surgery and Procedure Outlook (Revenue, USD Million, 2014 - 2025)

    • Surgical

      • Breast Augmentation

      • Liposuction

      • Tummy Tuck

      • Eyelid Surgery

      • Breast Lift

    • Nonsurgical

      • Botulinum toxin

      • Dermal Fillers

      • Laser Hair Removal

      • Photo-rejuvenation

      • Microdermabrasion 

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • South Korea

    • Latin America

      • Brazil

    • Middle East & Africa

      • South Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $4,950
Multi User - $5,950
Library Access - $7,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA