Table of Contents
Introduction
The global cosmetic surgery market is experiencing significant growth, driven by the increasing demand for aesthetic enhancements and advancements in surgical technologies. The market size is expected to reach USD 186.5 billion by 2033, up from USD 82.5 billion in 2023, growing at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2033. Factors such as the rising popularity of minimally invasive procedures, growing awareness about cosmetic treatments, and the increasing number of skilled cosmetic surgeons contribute to this growth.
Despite the positive outlook, the cosmetic surgery market faces several challenges. Stringent regulatory policies and the risk of complications associated with surgical procedures are significant barriers. Complications such as infection, scarring, and implant issues can deter potential patients. Additionally, high costs and limited insurance coverage for cosmetic procedures further restrict market growth. Addressing these challenges requires continuous innovation and improvements in safety protocols and technologies.
Recent developments in the cosmetic surgery market highlight the active involvement of leading companies. For instance, in June 2022, Cynosure launched the PicoSure Pro device, an advanced platform for non-invasive treatments. Similarly, Revelle Aesthetics introduced Avéli, a novel cellulite treatment device, showcasing the industry’s focus on innovative solutions. These developments, alongside strategic acquisitions and product launches by key players like AbbVie and Galderma, are expected to drive market expansion and offer new opportunities for growth.
Key Takeaways
- The Cosmetic Surgery Market is projected to grow from USD 82.5 billion in 2023 to around USD 186.5 billion by 2033, achieving a 5.1% CAGR.
- Non-surgical procedures led the market in 2023, capturing 58.1% of total revenue.
- Women are the primary consumers of cosmetic surgery, holding a 74.2% share of the market.
- The age group of 30 to 54 years holds the majority of the market at 41.6%.
- Hospitals and specialty clinics were the main settings for these procedures, comprising 65.2% of the market in 2023.
- North America was the leading region with a 35.3% share, generating USD 29.1 billion in revenue.
Cosmetic Surgery Statistics
- The American Society of Plastic Surgeons (ASPS) reported a 5% increase in plastic surgeries and a 7% increase in minimally invasive procedures in 2023 compared to 2022.
- Liposuction was the most popular cosmetic surgical procedure in 2023 with 347,782 procedures, marking a 7% increase from 2022.
- Breast augmentation saw 304,181 procedures in 2023, up 2% from the previous year.
- There were 170,110 tummy tuck (abdominoplasty) procedures in 2023, a 5% increase compared to 2022.
- Breast lift surgeries totaled 153,600 in 2023, reflecting a 7% rise from 2022.
- Eyelid surgery (blepharoplasty) had 120,747 procedures in 2023, up by 5% from the prior year.
- Neuromodulator injections and hyaluronic acid fillers were the leading cosmetic minimally-invasive procedures in 2023.
- Reconstructive surgeries were dominated by tumor removal, hand surgery, and breast reconstruction procedures.
- Facelift Surge: Facelifts saw an 8% increase from 2022 to 2023, highlighting their growing popularity among patients.
- Neck and Forehead Lifts: Both neck lifts and forehead lifts increased by 2% each from 2022 to 2023.
- Chin Liposuction: This procedure aimed at refining the jawline experienced a 6% rise in 2023.
- Eyelid Surgery and Nose Reshaping: Eyelid surgery increased by 5%, and nose reshaping went up by 6% in 2023.
- Breast Augmentation: Breast augmentation procedures saw a 2% rise in 2023.
- Breast Lift: The number of breast lifts performed increased by 7% in 2023.
- Breast Implant Removals: This procedure experienced a 9% increase in 2023.
- Breast Reduction: Breast reduction surgeries increased by 7% in 2023.
- ‘Ballet Body’ Trend: The trend toward a natural and athletic body shape, dubbed the “ballet body,” remained popular, focusing on harmony, proportion, and elegant contours.
- Body Procedures: Popular body procedures included liposuction, body contouring, and minimally invasive treatments like noninvasive fat reduction, laser skin tightening, and injectable fillers.
- Neuromodulator Injections: In 2023, 9,480,949 procedures were done, showing a 9% rise from 2022.
- Hyaluronic Acid Fillers: There were 5,294,603 procedures, which is 8% more than the previous year.
- Skin Resurfacing: A total of 3,501,696 procedures were performed, marking a 5% increase from 2022.
- Skin Treatments: Laser hair removal and leg vein treatments totaled 3,101,772 procedures, up by 6%.
- Lip Augmentation: 1,439,291 procedures were conducted, a 4% increase from 2022.
- Chemical Peels: Over 1 million treatments were done, representing an 8% rise.
- Laser Hair Removal: More than 800,000 procedures were performed, showing a 9% increase.
- Laser Skin Resurfacing: Over 1 million procedures were done, a 4% increase from the previous year.
- Overall Growth: Minimally-invasive procedures grew by 7% in 2023 compared to 2022.
- Breast Augmentation: 365,000 procedures, showing a 4% increase from 2022, making it the most popular cosmetic surgery.
- Liposuction: 270,000 procedures performed, up 5% from the previous year, ranking second in popularity.
- Nose Reshaping (Rhinoplasty): 220,000 surgeries, with a 3% increase from 2022, making it the third most common procedure.
- Eyelid Surgery (Blepharoplasty): 190,000 procedures, up 2%, commonly chosen to enhance eye appearance.
- Tummy Tuck (Abdominoplasty): 150,000 procedures, marking a 4% rise from the previous year, popular for a flatter abdomen
- The plastic surgeon industry market size in North America is expected to reach USD 27.1 billion by the end of 2023, a 1.98% increase from 2022.
- Approximately 19% of U.S. adults have undergone liposuction surgery.
- In 2022, about 32% of individuals aged 40 to 54 years underwent cosmetic procedures.
- The average surgeon fee for plastic and cosmetic surgery in the U.S. is around USD 5,377.
- Anesthesiology fees for plastic surgeries in the U.S. range from USD 1,000 to USD 2,000.
- The average cost of a non-surgical cosmetic procedure in the U.S. is slightly over USD 1,100.
- Acellular Dermal Matrix fillers are the most expensive non-surgical cosmetic procedure, averaging USD 2,914.
- Brazil conducted over 1.1 million cosmetic surgeries in 2021.
- In Brazil, 15.5% of liposuction, 14.1% of breast augmentation, and 10.4% of abdominoplasty surgeries were performed.
Emerging Trends
- Mini Facelifts: Mini facelifts are becoming increasingly popular as a subtle yet effective solution for enhancing the lower third of the face and neck. This procedure is less invasive compared to traditional facelifts and focuses on tightening underlying muscles rather than removing excess skin. Ideal for individuals seeking moderate, more natural-looking results, mini facelifts offer a shorter recovery time and can significantly rejuvenate one’s appearance without the need for extensive surgery.
- Menopause Makeovers: Tailored specifically for women experiencing menopause, menopause makeovers are gaining traction. These procedures, including liposuction and tummy tucks, address the unique challenges of fat redistribution and skin laxity associated with hormonal changes during menopause. By focusing on these specific areas, the treatments help in restoring a more youthful contour and improving overall body confidence, making them a preferred choice for women navigating through this life stage.
- Non-Surgical Options: The demand for non-surgical cosmetic procedures such as CoolSculpting and injectables has seen a significant rise. These treatments appeal to those looking for effective enhancements without the downtime, risks, and discomfort associated with surgery. Non-surgical options are perfect for busy individuals seeking quick cosmetic fixes that can be done during a lunch break, offering convenience without compromising on the results.
- High-Tech Treatments: Recent innovations in cosmetic technology, such as Softwave ultrasound and Exion, are revolutionizing the market with less invasive alternatives. These high-tech treatments stimulate the body’s natural regenerative processes to enhance beauty subtly and effectively. Without the use of needles or surgery, these options provide a safer route to aesthetic improvement, making them highly appealing to a broad audience.
- Integrated Skincare: The integration of clinical treatments with at-home skincare regimes is a trend that underscores the importance of comprehensive skin health. By combining professional procedures with daily skincare routines, patients can extend the longevity of clinical results and achieve more enduring enhancements. This holistic approach not only optimizes the benefits of in-clinic treatments but also encourages a routine that maintains and protects the skin on a long-term basis.
Use Cases
- Aesthetic Enhancement: Cosmetic surgeries such as lip lifts, brow lifts, and body contouring are primarily sought for aesthetic enhancement. These procedures aim to refine or rejuvenate the physical appearance while maintaining the natural anatomy. Tailored to individual preferences, these treatments provide desired cosmetic outcomes that enhance one’s appearance and align with personal aesthetic goals.
- Post-Weight Loss Recontouring: Significant weight loss, whether from lifestyle changes or medications like Ozempic, can leave individuals with excess skin and uneven body contours. Cosmetic surgery offers effective solutions such as tummy tucks and body lifts. These procedures help achieve a more toned and defined physique, addressing the physical changes following substantial weight loss.
- Health-Related Interventions: Cosmetic surgery also serves medical purposes, not just aesthetic enhancements. For instance, rhinoplasties correct deviated septa to improve breathing, while breast reduction surgeries can alleviate back pain. These interventions address and rectify health issues, enhancing the patient’s quality of life beyond cosmetic improvements.
- Psychological and Emotional Benefits: The decision to undergo cosmetic surgery often stems from the desire to boost self-esteem and confidence. Recognizing the psychological and emotional aspects, many clinics now integrate holistic well-being practices into the pre- and post-surgery phases. This approach underscores the significant mental and emotional benefits that accompany the physical changes of cosmetic procedures.
Conclusion
The global cosmetic surgery market is poised for substantial growth, driven by the increasing demand for aesthetic enhancements and advancements in surgical technologies. Expected to see significant expansion in the coming decade, the market benefits from the popularity of minimally invasive procedures and growing awareness of cosmetic treatments. Despite challenges such as regulatory hurdles and risks associated with surgeries, innovations in safety protocols and new product launches are set to sustain market growth. Developments by leading companies and the rise of non-surgical options underscore the market’s dynamic nature, promising significant opportunities for growth and enhanced patient satisfaction in the future.
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