According to the report by Expert Market Research (EMR), the South Korea plastic surgery market size is projected to grow at a CAGR of 13.2% between 2024 and 2032. Aided by nation’s strong cultural emphasis on physical appearance, advancements in surgical procedures, and an increasing influx of medical tourists, the market is expected to grow significantly by 2032.
South Korea has emerged as a global epicentre for plastic surgery, with the capital city, Seoul, often dubbed the “plastic surgery capital of the world.” From simple procedures like Botox and dermal fillers to more intricate surgeries like rhinoplasty and double eyelid surgeries, the array of procedures available is vast and continually evolving.
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A pivotal factor fuelling the South Korea plastic surgery market growth is the deep-rooted societal emphasis on beauty standards. In South Korea, a youthful and aesthetic appearance often translates to better social and professional opportunities. As such, many view plastic surgery as an investment in their futures, leading to a significant surge in the number of procedures being performed annually.
Moreover, technological, and medical advancements have also played a considerable role in increasing the South Korea plastic surgery market size. The introduction of less invasive procedures, quicker recovery times, and surgeries promising more natural results have allayed many fears and reservations associated with plastic surgery, making it a more accessible and popular choice.
Medical tourism significantly contributes to the South Korean plastic surgery industry’s buoyancy. The nation’s reputation for high-quality procedures at competitive prices, combined with state-of-the-art facilities and skilled surgeons, attracts a vast number of international patients each year. Moreover, the government’s supportive stance, promoting medical tourism through various initiatives and relaxations, further bolsters South Korea plastic surgery market demand.
The rise of South Korean pop culture, including K-pop and K-dramas, on the global stage has also inadvertently promoted the country’s plastic surgery industry. As fans across the globe admire and aspire to achieve the looks of their favourite celebrities, many turn to South Korea, deemed the ideal destination, to undergo these transformative procedures.
The digital age and the surge of social media platforms where personal images are shared have also amplified the demand for aesthetic procedures, positively influencing the South Korea plastic surgery market outlook. The desire to look ‘picture-perfect’ in an age of filters and high-definition photos propels many towards enhancing their appearance surgically.
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South Korea Plastic Surgery Market Segmentation
The market can be divided based on procedure, provider, and gender.
Market Breakup by Procedure
- Surgical
- Eyelid Surgery
- Nose Reshaping
- Abdominoplasty
- Liposuction
- Breast Augmentation
- Non-Surgical
- Botox Injections
- Hair Removal
- Chemical Peel
- Microdermabrasion
- Others
Market Breakup by Provider
- Hospitals and Speciality Clinics
- Spas and Cosmetic Surgery Centres
Market Breakup by Gender
- Female
- Male
Competitive Landscape
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 South Korea plastic surgery market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bio Plastic Surgery Clinic
- VIP International Plastic Surgery Center
- Merz Asia Pacific Pte. Ltd.
- JK PLASTIC Center
- Others
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