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The South Korea plastic surgery market size was valued at USD 1.5 billion in 2023, driven by the increasing popularity of K-Beauty standards. The market size is anticipated to grow at a CAGR of 13.20% during the forecast period of 2024-2032 to achieve a value of USD 4.6 billion by 2032.
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Plastic surgery is a surgical process of repairing or restructuring certain parts of the face or the body with the transfer of tissues. This process is usually done in the treatment of a major injury, especially skin burns, large skin tears, and cancer, among other. It is also done for cosmetic enhancement, to enhance the shape, size, and/or appearance of certain part of the body/face. Nowadays, it is gaining significant popularity owing to the beauty standards set by the internet and social media. While it is a thriving industry, plastic surgery comes with its own sets of complications and risks. The most common risks include infections, blood clots or excessive bleeding, scarring, and even neuropathy in some cases due to nerve damage.
South Korea is the leading market for plastic surgery, surpassing other leading markets like Greece, Brazil, and the United States with a significant margin. It is known as the ‘plastic surgery capital of the world’. One in five South Koreans have undergone some kind of plastic surgery in their life, with the most popular surgeries being rhinoplasty, liposuction, and blepharoplasty (eyelid surgery). The country is also set to ease its immigration process for tourists who want to undergo plastic surgery in South Korea to capitalise on the rising popularity of K-Pop and Korean skincare and beauty trends.
The Korean Wave has had an impact beyond the local population. K-pop and K-drama have motivated numerous people worldwide to opt for plastic surgeries to enhance their beauty. Additionally, makeover programs on television featuring the best in Korean plastic surgery are telecasted throughout the world. Increased internet penetration and extensive use of social media have also contributed to the plastic surgery market share.
The market growth is driven by multiple trends that are influencing it positively. The medical tourism business has continued to expand rapidly in South Korea. Amid rising healthcare prices and increased waiting time caused by overburdened public health systems in various nations, South Korea's plastic surgery business is gaining popularity. This popularity can also be attributed to the country's quick, affordable, efficient, safe, and high-quality healthcare system.
Additionally, K-beauty has completely revolutionized the skincare market. Consumers all over the world are now looking to Korea for skincare and haircare solutions. Interest in plastic surgery is correlated with body image, self-esteem, personality qualities, and psychological elements. Many industries, including acting, music, modelling, and aerospace, are closely related to attractiveness on the exterior. Individuals looking for work in these fields must adhere to Korean beauty standards. Candidates for flight attendant positions must meet the airline's requirements for height, skin tone, and body type.
Also, candidates' applications are more frequently turned down if they have tattoos, piercings, or scars on their bodies. Hence, people interested in pursuing these employment options often get plastic surgery. The procedures done in order to fit in the industry of choice have also been contributing to the South Korea plastic surgery market demand.
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Market Breakup by Method
Market Breakup by Provider
Market Breakup by Gender
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South Korea has the world's highest per capita rate of cosmetic surgery. The market growth is attributed to the advancements in medical technology and the rapid rise of social media and web-based mass media. People now have far more access to cosmetic surgery than earlier times. Research in this area has been accelerating due to the steady rise in people seeking plastic surgery, further propelling the South Korea plastic surgery market growth.
The heightened popularity of modern and advanced photography, coupled with the introduction of self-observing applications, and the growing acceptability of restorative medical treatments are all responsible for the substantial increase in the volume of plastic surgery procedures in South Korea.
In addition, Korea's high technology, the increase in research, and the growing number of plastic surgeons have reduced the risk associated with plastic surgery. A significant increase has also been witnessed in a few prominent treatments, including facelift, blepharoplasty or double-eyelid surgery, jawline surgery, and rhinoplasties or nose reshaping. The continuous research and wide acceptance of plastic surgery aid in the development of the plastic surgery sector in South Korea. With the presence of the world's best plastic surgeons specializing in face and body alterations in the region, the market is likely to witness significant growth in the coming years.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Procedures |
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Breakup by Provider |
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Breakup by Gender |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 South Korea Plastic Surgery Market Overview
3.1 South Korea Plastic Surgery Market Historical Value (2017-2023)
3.2 South Korea Plastic Surgery Market Forecast Value (2024-2032)
4 South Korea Plastic Surgery Market Landscape
4.1 South Korea Plastic Surgery Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 South Korea Plastic Surgery Service Landscape
4.2.1 Analysis by Method
4.2.2 Analysis by Surgery
5 South Korea Plastic Surgery Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 South Korea Plastic Surgery Market Segmentation
6.1 South Korea Plastic Surgery Market by Procedures
6.1.1 Market Overview
6.1.2 Eyelid Surgery
6.1.3 Nose Reshaping
6.1.4 Abdominoplasty
6.1.5 Liposuction
6.1.6 Breast Augmentation
6.2 South Korea Plastic Surgery Market by Provider
6.2.1 Market Overview
6.2.2 Hospital and Speciality Clinic
6.2.3 Spas and Cosmetic Surgery Centres
6.2.4 Others
6.3 South Korea Plastic Surgery Market by Gender
6.3.1 Market Overview
6.3.2 Male
6.3.3 Female
7 Regulatory Framework
7.1 Regulatory Overview
7.1.1 US FDA
7.1.2 EU EMA
7.1.3 INDIA CDSCO
7.1.4 JAPAN PMDA
7.1.5 Others
8 Supplier Landscape
8.1 Bio Plastic Surgery Clinic
8.1.1 Financial Analysis
8.1.2 Service Portfolio
8.1.3 Demographic Reach and Achievements
8.1.4 Mergers and Acquisitions
8.1.5 Certifications
8.2 VIP International Plastic Surgery Center
8.2.1 Financial Analysis
8.2.2 Service Portfolio
8.2.3 Demographic Reach and Achievements
8.2.4 Mergers and Acquisitions
8.2.5 Certifications
8.3 Merz Asia Pacific Pte. Ltd.
8.3.1 Financial Analysis
8.3.2 Service Portfolio
8.3.3 Demographic Reach and Achievements
8.3.4 Mergers and Acquisitions
8.3.5 Certifications
8.4 JK Plastic Center
8.4.1 Financial Analysis
8.4.2 Financial Portfolio
8.4.3 Demographic Reach and Achievements
8.4.4 Mergers and Acquisitions
8.4.5 Certifications
8.5 MediGence
8.5.1 Financial Analysis
8.5.2 Service Portfolio
8.5.3 Demographic Reach and Achievements
8.5.4 Mergers and Acquisitions
8.5.5 Certifications
8.6 MediGlobus
8.6.1 Financial Analysis
8.6.2 Service Portfolio
8.6.3 Demographic Reach and Achievements
8.6.4 Mergers and Acquisitions
8.6.5 Certifications
8.7 Vaidam
8.7.1 Financial Analysis
8.7.2 Service Portfolio
8.7.3 Demographic Reach and Achievements
8.7.4 Mergers and Acquisitions
8.7.5 Certifications
8.8 Expert Medical
8.8.1 Financial Analysis
8.8.2 Service Portfolio
8.8.3 Demographic Reach and Achievements
8.8.4 Mergers and Acquisitions
8.8.5 Certifications
8.9 Girin Plastic Surgery
8.9.1 Financial Analysis
8.9.2 Service Portfolio
8.9.3 Demographic Reach and Achievements
8.9.4 Mergers and Acquisitions
8.9.5 Certifications
8.10 Medical Korea
8.10.1 Financial Analysis
8.10.2 Service Portfolio
8.10.3 Demographic Reach and Achievements
8.10.4 Mergers and Acquisitions
8.10.5 Certifications
8.11 POP Plastic Surgery
8.11.1 Financial Analysis
8.11.2 Service Portfolio
8.11.3 Demographic Reach and Achievements
8.11.4 Mergers and Acquisitions
8.11.5 Certifications
8.12 DA Plastic Surgery
8.12.1 Financial Analysis
8.12.2 Service Portfolio
8.12.3 Demographic Reach and Achievements
8.12.4 Mergers and Acquisitions
8.12.5 Certifications
8.13 1mm Plastic Surgery
8.13.1 Financial Analysis
8.13.2 Service Portfolio
8.13.3 Demographic Reach and Achievements
8.13.4 Mergers and Acquisitions
8.13.5 Certifications
8.14 Me Clinic Plastic Surgery
8.14.1 Financial Analysis
8.14.2 Service Portfolio
8.14.3 Demographic Reach and Achievements
8.14.4 Mergers and Acquisitions
8.14.5 Certifications
8.15 Seoul Cosmetic Surgery
8.15.1 Financial Analysis
8.15.2 Service Portfolio
8.15.3 Demographic Reach and Achievements
8.15.4 Mergers and Acquisitions
8.15.5 Certifications
9 South Korea Plastic Surgery Market - Distribution Model (Additional Insight)
9.1 Overview
9.2 Potential Distributors
9.3 Key Parameters for Distribution Partner Assessment
10 Key Opinion Leaders (KOL) Insights (Additional Insight)
11 Company Competitiveness Analysis (Additional Insight)
11.1 Very Small Companies
11.2 Small Companies
11.3 Mid-Sized Companies
11.4 Large Companies
11.5 Very Large Companies
12 Payment Methods (Additional Insight)
12.1 Government Funded
12.2 Private Insurance
12.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
The market attained a value of about USD 1.5 billion in 2023, driven by the increasing research and development.
The market is anticipated to grow at a CAGR of 13.20% during the forecast period of 2024-2032 and is likely to reach a market value of USD 4.6 billion by 2032.
The growth of the market is driven by the easy availability of affordable and advanced treatments, increasing adherence to the beauty standards set by the society, rising influence of social media and internet, and the rising disposable incomes of the consumers, among others.
The easy access to plastic surgery procedures nationwide, along with technologically advanced equipment, are the market trends influencing the market growth.
Different procedures in the market include eyelid surgery, nose reshaping, abdominoplasty, liposuction, and breast augmentation.
Plastic surgeries are offered by hospitals and speciality clinics, spas and cosmetic surgery centres, among others.
The genders include female and male.
Key players involved in the market are MediGence, MediGlobus, Vaidam, Expert Medical, Girin Plastic Surgery, Medical Korea, POP Plastic Surgery, DA Plastic Surgery, 1mm Plastic Surgery, Me Clinic Plastic Surgery, and Seoul Cosmetic Surgery.
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