Cosmetic Surgery Products Market size was valued at USD 18.94 billion in 2023 and is likely to reach USD 52.76 billion by 2036, expanding at around 8.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cosmetic surgery products is estimated at USD 20.18 billion.
The growth of the market can be attributed to factors such as rising beauty consciousness among people, increasing adoption of invasive and minimally invasive surgeries to remain youthful, and improvement in cosmetic treatment procedures. In addition to these, rapidly ageing population around the world and growing disposable income of the people are also projected to drive market growth in the near future. According to the World Health Organization (WHO), the number of people aged 60 years and above was 1 billion. This number is evaluated to increase up to 1,4 billion by the end of 2030. Furthermore, glossy advertisements by entertainment industry to attract more and more people to their services is expected to offer lucrative opportunities to the market in the upcoming years.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
8.2% |
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Base Year Market Size (2023) |
USD 18.94 billion |
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Forecast Year Market Size (2036) |
USD 52.76 billion |
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Regional Scope |
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The market is segmented by product type into implants, injectables, and equipment, out of which, the injectables segment is anticipated to witness the highest growth in the cosmetic surgery products market on account of wide usage of treatments such as BOTOX and dermal fillers for adding volume to the skin to erase lines and wrinkles near the chin, forehead and nose. Among all different types of non-surgical procedures undergone, botulin toxin (BOTOX) accounted for the largest share in 2018. The calculated value was approximately 7.5 million procedures. On the basis of procedure, the segment for non-surgical procedure is assessed to occupy the largest market share during the forecast period, which can be credited to the increasing demand for these procedures since the last few years owing to the benefits such as shorter recovery time, minimal or no pain, lower cost and reduced risk of side-effects.
Our in-depth analysis of the global market includes the following segments
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By Product Type |
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By Procedure |
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North America Market Statistics
On the basis of geographical analysis, the cosmetic surgery products market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America is likely to hold largest revenue share by 2036, on the back of growing adoption of sophisticated surgical techniques and a high number of successful cosmetics surgeries in the region.
APAC Market Analysis
Moreover, Asia Pacific is anticipated to witness noteworthy market growth during the forecast period, which can be ascribed to the easier availability of cosmetic services at affordable rates, growing purchasing power of middle-class population and increasing disposable income of the people in the region.
Author Credits: Radhika Pawar
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