The Global Plastic Surgery Market size was estimated at USD 39.35 billion in 2022 and expected to reach USD 41.69 billion in 2023, projecting growth at a CAGR of 6.37% to reach USD 64.50 billion by 2030.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.
Cumulative Impact of COVID-19:
The COVID-19 pandemic had an undeniable effect on the plastic surgery market. With many countries imposing strict lockdowns, medical clinics and facilities offering cosmetic surgeries were forced to close their doors in order to follow government guidelines and prevent the further spread of the virus. The pandemic resulted in a drastic decrease in revenue for these organizations as well as a significant decrease in demand for such services. Furthermore, many people are now opting for virtual consultations prior to any physical procedure due to safety concerns and fear of exposure to the virus.
Cumulative Impact of Russia-Ukraine Conflict:
The ongoing political tensions between Russia and Ukraine have also had a negative impact on the plastic surgery market. Many people living in Ukraine who were planning on getting aesthetic procedures done overseas have now chosen not to travel due to safety reasons, resulting in fewer patients coming into medical facilities abroad. This has led to a decrease in revenue for Ukrainian patients seeking surgeries abroad and foreign clinics providing such services.
Cumulative Impact of High Inflation:
In addition, high inflation has also contributed to making certain types of plastic surgeries more expensive than they used to be due to rising costs associated with materials and other resources needed for such procedures. As a result, many potential patients may not be able or willing to afford them anymore, resulting in another decrease in demand for these services.
The market dynamics represent the ever-shifting landscape of the Global Plastic Surgery Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.
- Increasing preference for minimally invasive reconstruction surgeries
- Proliferation in the number of congenital face disorders and tooth deformities
- Growing consumer awareness about aesthetic appearance globally
- Unfavorable reimbursement policies and high cost of the plastic surgery
- Technological advancements in plastic surgical procedures
- Introduction of advanced materials such as silicone implants in plastic surgery
- Side effects and limitations associated with plastic surgery
Market Segmentation & Coverage:
- Based on Surgery, the market is studied across Aesthetic Surgery, Burn Surgery, Craniofacial Surgery, Hand Surgery, Microsurgery, and Pediatric Plastic Surgery.
- Based on Product, the market is studied across Injectable, Lasers, and Liposuction Equipment.
- Based on End-User, the market is studied across Ambulatory Surgical Centers, Clinics, Hospitals, and Research Laboratories & Institutes.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
This research report categorizes the Global Plastic Surgery Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Plastic Surgery Market, including AbbVie Inc., Advanced Aesthetics, Alma Lasers GMBH, B. Braun SE, Bausch & Lomb Incorporated, COMEG Medical Technologies, Cynosure Aesthetics, Evolus, Inc., Genesis Biosystems, Inc., Graham Plastic Surgery, Implantech, Inc., Integra Lifesciences Holdings Corporation, IRIDEX Corporation, Johnson & Johnson Services, Inc., KLS Martin Group, Lumenis Be Ltd., Medtronic PLC, Minneapolis Plastic Surgery, LTD, New York Center for Facial Plastic & Laser Surgery, S.TETIK, Sinclair Plastic Surgery, Stryker Corporation, Suneva Medical, Surgery Partners, and Westlake Dermatology P.A..
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Plastic Surgery Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Plastic Surgery Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Plastic Surgery Market?
- What is the competitive strategic window for opportunities in the Global Plastic Surgery Market?
- What are the technology trends and regulatory frameworks in the Global Plastic Surgery Market?
- What is the market share of the leading vendors in the Global Plastic Surgery Market?
- What modes and strategic moves are considered suitable for entering the Global Plastic Surgery Market?