Global Cosmetic Surgery Market
Introduction
Cosmetic surgery is a type of plastic surgery that includes surgical and non-surgical procedures that enhance and reshape structures of the body to improve appearance and confidence. Plastic surgery is a subset of surgery concerned with the repair, reconstruction, or modification of the human body in order to improve its look.
Cosmetic Surgery Market Size and Potential Growth
1. In 2020, the Global Cosmetic Surgery Market was valued at $49.14 billion. The global Cosmetic Surgery market is expected to grow and reach $64.88 billion by 2028.
2. During the forecast period 2021-2028, The Global Cosmetic Surgery Market is estimated to grow at a CAGR of 3.53%.
3. Increasing demand for minimally invasive and non-invasive procedures and rising awareness of advanced techniques are the major factors driving the growth of the market.
Market Segmentation
Top Players
Cosmetic Surgery Market Share, By Geography
In 2021, North America dominated the Cosmetic Surgery and Services Market with a major share of 39.1%, followed by Europe with 26% and Asia-Pacific with 22%.
Cosmetic Surgery Market Share, By Type
The Non-Surgical Procedure segment dominated more than 63% share of the cosmetic surgery market in 2021, with a value of $30.96 billion. The Surgical Procedures segment accounted for $18.18 billion in 2020.
Cosmetic Surgery Market Share By End User
On the basis of end-user, the global market has been divided into hospital/surgery centers, MedSpa, traditional spas, and HCP-owned clinics. The MedSpa end-user segment accounted for the largest share of more than 33% of the global revenue, followed by hospitals with a share of 30%.
As the non-procedural segment holds the major market share, therefore the share of the market by end-user can be estimated based on the share of the non-procedural segment.
According to a Gulf News in February 2020, there are about 150 Day Care Surgery centers and 400 aesthetic clinics in Dubai.
All of them offer a bouquet of cosmetic surgery procedures and their average annual revenue is between Dh4-6 million a year.
Dubai has 30 hospitals, 70% of which are internationally accredited, and at least 50% of them provide cosmetic and plastic surgery. By 2020, the emirate intended to construct 22 hospitals, 18 of which would be private and 4 of which would be public.
Data Sources: Verified Market Research, PR Newswire, Globe News Wire, GM Insights, and others
Read more Market Reports and view Infographics.
Must Read