Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 94.58 Billion | USD 176.09 Billion | 7.15% | 2023 |
The global plastic surgery market size accrued earnings worth approximately USD 94.58 Billion in 2023 and is predicted to gain revenue of about USD 176.09 Billion by 2032, is set to record a CAGR of nearly 7.15% over the period from 2024 to 2032.
Plastic surgery is basically the repairing or reconstructing the body parts by the tissue transfer. It can be done due to the treatment of injury or can be for cosmetic reasons also. Nowadays, people are focusing more on their appearance due to which the market for plastic surgery is growing at a faster rate. Also, the availability of various certified service providers has gained the trust of customers towards plastic surgery.
Plastic surgery is a branch of cosmetic surgery concerned with the repair of deformities, the process of reconstructing by transfer of tissue, enhancement of aesthetic appearance. It can be performed on any part of the body. The global plastic surgery market is categorized based on surgical or nonsurgical procedure. Some of the surgical procedures are facelift, eyelid surgery, forehead lift, facial implants rhinoplasty. Nonsurgical procedures are botox, dermal fillers, chemical peels, laser skin resurfacing. The global plastic surgery market has also been classified based on the type of products used for a procedure such as implants, injectables, equipment.
Major growth drivers for the global market include affordability, the desire of the people to look good, acceptance of the society towards aesthetic procedures, an increase in the number of available certified service providers, lower procedure costs and application over a large patient population group. Restraints include lack of skilled personnel to perform procedures, lack of affinity to undergo procedures and lack of awareness. Opportunities include a rapid influx of people in future for such procedures.
The growth of this industry is propelled by a rising need for both cosmetic and reconstructive surgeries, developments in technology, and the impact of media and social media?.
The use of cutting-edge products, such as minimally invasive techniques and sophisticated surgical instruments, plays a crucial role in driving growth. For example, the introduction of Cynosure's PicoSure Pro laser and the endorsement by the FDA of Abbvie's Juvéderm VOLUX XC filler demonstrate the continuous advancements in the market.
The increasing demand for aesthetic operations is evident, particularly in the field of minimally invasive and non-invasive treatments. Common techniques include the administration of botulinum toxin injections, the use of soft tissue fillers, and laser skin resurfacing. These methods provide quicker recovery periods and fewer complications in comparison to conventional surgeries.
Market Segmentation and Target Demographics: The demand for cosmetic operations is especially strong among females, who comprised around 86.2% of the total cosmetic procedures conducted worldwide in 2022. Moreover, the age group between 30 and 54 years old is the most significant population engaging in these procedures, mostly motivated by the aspiration for anti-aging therapies and body sculpting interventions.
Regional Growth: The North American market is in the forefront due to its sophisticated healthcare infrastructure and abundant supply of skilled plastic surgeons. The Asia-Pacific area is projected to experience rapid expansion. This increase can be attributed to the increasing healthcare costs, a growing aging population, and a rising emphasis on aesthetics in nations such as China, Japan, and South Korea.
The market is positively impacted by the growing number of regulatory approvals and the considerable research and development efforts. The expectation is that this trend will persist, promoting the advancement of novel, safer, and more efficient plastic surgery methods and products.
To summarize, the plastic surgery industry is seeing significant growth as a result of technology improvements, demographic shifts, and a heightened cultural focus on physical attractiveness. Businesses operating in this field are in a favorable position to take advantage of these prospects by consistently introducing new ideas and strategically expanding into developing markets.
Report Attributes | Report Details |
---|---|
Report Name | Mobile Biosafety Laboratory Market |
Market Size in 2023 | USD 94.58 Billion |
Market Forecast in 2032 | USD 176.09 Billion |
Growth Rate | CAGR of 7.15% |
Number of Pages | 200 |
Key Companies Covered | Allergan, Johnson and Johnson services, Cynosure, Syneron medical Ltd, Merz Pharma, Sanofi, Galderma, Zetiq. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The plastic surgery market can be classified in terms of surgery, end user, body part application, product type, and region. In terms of surgery, the market is categorized into surgical (invasive) and nonsurgical (noninvasive). Invasive surgery examples are Breast Augmentation, Eyelid Surgery, and Tummy Tuck. Noninvasive surgery examples are Botulinum toxin, laser treatments, Microdermabrasion.
In terms of the end user, the global market for plastic surgery has been segmented into hospitals, clinics; research laboratories and institutes and ambulatory surgical centers.
Based on body parts application as a face, upper body- breast, hand, stomach; lower body. Based on product type it can be classified further as: lasers, liposuction equipment, injectables such as botulinum toxin, dermal fillers; implants like breast and cheek implants.
In terms of revenue, the U.S. is projected to be the market leader in the plastic surgery market during the forecast period. In terms of revenue, Europe is the second largest market for the year 2023. The Asia Pacific is expected to grow during the forecast period due to the factors such as less stringent regulatory scenario, increasing awareness about plastic surgery and huge population. In Europe, France, Germany, Italy, Spain and the U.K. are anticipated to hold a major share of plastic surgery market during the forecast period.
Competitive Players
Some of the important market players are
Global Plastic Surgery Market: Regional Segment Analysis
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed