According to the report by Expert Market Research (EMR), the global cosmetic procedure market size is projected to grow at a CAGR of 5.95% between 2024 and 2032. Aided by the rising demand for aesthetic enhancements and technological advancements in cosmetic treatments, the market is expected to grow significantly by 2032.
Cosmetic procedures, encompassing both surgical and non-surgical treatments, are increasingly becoming popular as a means to enhance physical appearance and boost self-confidence. This market’s growth is majorly attributed to the rising awareness and acceptance of cosmetic procedures among both men and women across various age groups.
A key factor propelling cosmetic procedure market demand is the advancements in technology, making cosmetic procedures more accessible, safe, and efficient. Innovations in minimally invasive and non-invasive techniques have significantly reduced recovery time and increased the appeal of cosmetic treatments. Procedures such as laser treatments, Botox injections, and dermal fillers have become increasingly popular due to their convenience and immediate results.
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The rise in disposable incomes globally, coupled with an increasing emphasis on personal appearance, has also contributed to the cosmetic procedure market growth. In addition, the influence of social media and the entertainment industry plays a significant role in shaping public perceptions of beauty and aesthetics, further driving the demand for cosmetic procedures.
The market is also benefiting from the growing geriatric population seeking anti-ageing treatments to reduce the signs of ageing. Treatments aimed at skin rejuvenation, wrinkle reduction, and body contouring are particularly popular among this demographic.
As per the cosmetic procedure market analysis, the market is categorised based on procedure type, including surgical and non-surgical procedures. Non-surgical procedures hold a significant market share due to their affordability, low risk, and minimal recovery time.
Geographically, the market is segmented into key regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America leads the cosmetic procedure market, attributed to its advanced healthcare infrastructure, high disposable incomes, and the presence of leading cosmetic surgeons and clinics. However, Asia-Pacific is witnessing rapid growth due to increasing awareness of cosmetic procedures and rising medical tourism in countries like South Korea and Thailand.
Cosmetic Procedure Market Segmentation
The market can be divided based on type and region.
Market Breakup by Type
- 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
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Cosmetic Procedure Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cosmetic procedure market. Some of the major players explored in the report by Expert Market Research are as follows:
- Allergan plc
- Merz Pharma GmbH and Co. KGaA
- Cutera, Inc.
- Cynosure, LLC
- Ipsen subsidiaries, Inc.
- Sientra Inc.
- Alma Lasers Ltd.
- Others
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