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Global Cosmetic Procedure Market: By Type: Surgical, Non-Surgical; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Cosmetic Procedure Market Outlook
The global cosmetic procedure market reached a value of about USD 34.5 billion in 2021. The industry is further expected to grow at a CAGR of 5.95% in the forecast period of 2023-2028 to reach a value of around USD 49.3 billion by 2027.
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Growing Demand for Cosmetic Surgeries to Augment the Market for Cosmetic Procedures
Based on cosmetic procedure type, the surgical segment is expected to experience a steady growth in the forecast period. The factors contributing to the rise in demand for cosmetic surgeries include the increasing popularity of aesthetic treatment for facial enhancement and growing influence of media in one's life. In addition, these surgeries are done to build and maintain self-esteem. The expanding necessity to improve one's physical appearance is anticipated to surge the demand for cosmetic surgeries. Additionally, the growing research activities to provide minimally invasive treatments for cosmetic surgeries and the advancements in technology are expected to further propel the cosmetic procedure industry growth in the coming years.
North America Accounts for a Substantial Market Share of the Cosmetic Procedure Industry
The United States of America leads the global industry with the highest number of cosmetic procedures performed. The most common methods include breast augmentation, liposuction, and botulinum toxin, among others. The market growth in the country can be attributed to the rapid technological advancements and the increased expenditure by individuals on cosmetic treatments. The Annual Statistics of The American Society of Plastic Surgeons reveals that nearly $16.7 billion was spent on cosmetic procedures in 2020. This is driving the cosmetic procedure industry growth in North America. Additionally, the rising medical tourism industry and the rapid advancements in technology are expected to further bolster the growth of the market in the forecast period.
Cosmetic Procedure: Market Segmentation
Cosmetic procedures are performed to reconstruct any body part in order to modify a person’s appearance. These procedures require specialists who are well trained and know everything about these procedures, such as the risks of side effects, doses of anaesthesia required, and others. It is advisable to undergo these procedures with great caution after consulting a doctor or specialist. These cosmetic procedures include breast augmentation, dermal fillers, and eyelid surgery, among others.
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By type, the market is divided into:
- Surgical
- Breast Augmentation
- Liposuction
- Tummy-tuck (Abdominoplasty)
- Eyelid Surgery (Blepharoplasty)
- Breast Lift
- Non-Surgical
- Botulinum Toxin
- Dermal Fillers
- Laser Hair Removal
- Chemical Peels
- Photo-rejuvenation
- Microdermabrasion
The regional markets for cosmetic procedure can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Rising Consciousness regarding Physical Appearance and the Growing Social Media Influence along with Technological Advancements to Bolster the Growth of the Cosmetic Procedure Industry
The growing demand for cosmetic procedures results from the increasing urge to improve one's physical characteristics and remain healthy by eradicating the excess fats in the body. The social media has played a significant role in invigorating the market for cosmetic procedures. As a result, there is an increase in the number of people exposed to these cosmetic procedures. The increasing promotion of these procedures by celebrities is also leading to the growth of the market growth.
The rapid technological advancements, such as laser treatment and rhino sculptures, among others, are expected to stimulate the market growth. The ongoing investigations and research activities are anticipated to make these cosmetic procedures safer and less time-consuming, thereby propelling the overall industry in the forecast period.
Key Industry Players in the Global Cosmetic Procedure Market
The report gives a detailed analysis of the following key players in the global cosmetic procedure market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Allergan plc
- Merz Pharma GmbH and Co. KGaA
- Cutera, Inc.
- Cynosure, LLC
- Ipsen subsidiaries, Inc.
- Sientra Inc.
- Alma Lasers Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and gives a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region |
| Breakup by Type | Surgical, Non-Surgical |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Allergan plc, Merz Pharma GmbH and Co. KGaA, Cutera, Inc., Cynosure, LLC, Ipsen subsidiaries, Inc., Sientra Inc., Alma Lasers Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cosmetic Procedure Market Analysis
8.1 Key Industry Highlights
8.2 Global Cosmetic Procedure Historical Market (2018-2022)
8.3 Global Cosmetic Procedure Market Forecast (2023-2028)
8.4 Global Cosmetic Procedure Market by Type
8.4.1 Surgical
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Surgical by Type
8.4.1.4.1 Breast Augmentation
8.4.1.4.2 Liposuction
8.4.1.4.3 Tummy-tuck (Abdominoplasty)
8.4.1.4.4 Eyelid Surgery (Blepharoplasty)
8.4.1.4.5 Breast Lift
8.4.2 Non-Surgical
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Non-Surgical by Type
8.4.2.4.1 Botulinum Toxin
8.4.2.4.2 Dermal Fillers
8.4.2.4.3 Laser Hair Removal
8.4.2.4.4 Chemical Peels
8.4.2.4.5 Photo-rejuvenation
8.4.2.4.6 Microdermabrasion
8.5 Global Cosmetic Procedure Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Allergan plc
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Merz Pharma GmbH and Co. KGaA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Cutera, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Cynosure, LLC
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Ipsen subsidiaries, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Sientra Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Alma Lasers Ltd.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Cosmetic Procedure Market: Key Industry Highlights, 2018 and 2028
2. Global Cosmetic Procedure Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Cosmetic Procedure Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Cosmetic Procedure Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Cosmetic Procedure Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Cosmetic Procedure Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Cosmetic Procedure Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Cosmetic Procedure Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Cosmetic Procedure Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Cosmetic Procedure Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Cosmetic Procedure Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Cosmetic Procedure Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Cosmetic Procedure Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Cosmetic Procedure Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Cosmetic Procedure Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Global Cosmetic Procedure Market Structure
Key Questions Answered in the Report
In 2021, the global cosmetic procedure market attained a value of nearly USD 34.5 billion.
The market is projected to grow at a CAGR of 5.95% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 49.3 billion by 2027.
The major industry drivers are technological advancements, increasing research activities, growing influence of social media, increased expenditure on cosmetic surgeries, and the growing demand for minimally invasive procedures.
The key trends guiding the growth of the industry include the urge to impro ve one’s physical appearance to boost self-esteem and confidence and the rise of medical tourism.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East a nd Africa.
Surgical and non-surgical are the major types of cosmetic procedure in the industry.
The major players in the industry are Allergan plc, Merz Pharma GmbH and Co. KGaA, Cutera, Inc., Cynosure, LLC, Ipsen subsidiaries, Inc., Sientra Inc., a nd Alma Lasers Ltd., among others.
Analyst Review
The global cosmetic procedure market attained a value of nearly USD 34.5 billion in 2021, driven by the rising urge to improve one’s physical appearance. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.95%. The market is projected to reach about USD 49.3 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its type, the cosmetic procedure industry can be segmented into surgical and non-surgical. The major regional markets for cosmetic procedure are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Allergan plc, Merz Pharma GmbH and Co. KGaA, Cutera, Inc., Cynosure, LLC, Ipsen subsidiaries, Inc., Sientra Inc., and Alma Lasers Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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