Cosmetic Surgery And Procedure Devices Market Size 2024-2028 

The cosmetic surgery and procedure devices market size is forecast to increase by USD 7.96 billion at a CAGR of 10.45% between 2023 and 2028. The market witnessed significant growth due to several key factors. The increasing incidence of medical conditions that necessitate cosmetic procedures is a major driving force. Additionally, technological advances in medical devices and procedures have led to improved patient outcomes and increased demand. However, high treatment costs remain a challenge for many potential patients, limiting market growth. Despite this, the market is expected to continue expanding due to the growing popularity of minimally invasive procedures and the increasing acceptance of cosmetic surgeries as a viable solution for various health and aesthetic concerns.

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The market is witnessing significant growth due to the increasing preference for aesthetic treatments to enhance physical appearance. The market is segmented into surgical procedures and non-surgical procedures. Surgical procedures include liposuction, breast augmentation, and nose reshaping, while non-surgical procedures consist of non-invasive treatments like soft tissue fillers, botox injections, chemical peels, and energy-based devices. Advancements in technology have led to the development of innovative aesthetic devices. For instance, fat-freezing technology, such as CoolSculpting by Zeltiq Aesthetics and AirSculpt Technologies' AirSculpt, is gaining popularity for non-invasive body contouring. Cutera, Cynosure, and Aviclear offer laser-based devices for skin revitalization, unwanted pigmentation, and cellulite removal.

Moreover, the obesity rate is a significant factor driving the demand for invasive procedures like liposuction. Dermal fillers and botulinum toxin injections are popular non-invasive procedures for addressing skin problems. Picosure Pro by Cynosure and Aviclear's chemical peels are effective solutions for skin issues like unwanted pigmentation and skin aging. In conclusion, the market is expected to grow due to the increasing demand for aesthetic treatments and advancements in technology offering minimally invasive and effective solutions for various skin concerns.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Type
  • Non-surgical procedures
  • Surgical procedures
• Gender
  • Female
  • Male
• Geography
  • North America
    • US
  • Europe
    • Germany
  • Asia
  • Rest of World (ROW)

By Type Insights

The Non-surgical procedures segment is estimated to witness significant growth during the forecast period. The global market is witnessing significant growth due to the increasing popularity of aesthetic treatments and the rising fitness consciousness among consumers. Surgical procedures, such as liposuction and nose reshaping, continue to be popular choices for those seeking drastic improvements in their physical appearance. However, non-invasive procedures, including fat-freezing technology and soft tissue fillers, are gaining traction due to their instant results, minimal pain, and lower costs compared to surgical procedures. Brands like Cutera, AviClear, Cynosure, and Airsculpt Technologies are leading the market with their advanced aesthetic devices. Botox injections and chemical peels are among the most common non-surgical treatments for skin revitalization, acne treatment, and unwanted pigmentation.

The aging population and obesity rate are also contributing factors to the market's growth. Despite the benefits, the high cost of cosmetic surgery and invasive procedures remains a barrier for some consumers. These procedures often require the use of scalpels, needles, and stitches, leading to longer recovery times and potential complications. Nonetheless, the demand for these procedures remains strong, as people continue to prioritize their appearance in their daily lives.

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The Non-surgical procedures segment was valued at USD 5.34 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

Rest of World (ROW) is estimated to contribute 27% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market encompasses a range of technologies and procedures aimed at enhancing physical appearance through aesthetic treatments. These treatments include both invasive surgical procedures, such as liposuction and nose reshaping, and non-invasive options, like fat-freezing technology and soft tissue fillers. Surgical procedures often involve the use of scalpels, needles, and stitches, while non-invasive treatments offer instant results with minimal pain. Popular non-surgical options include Botox injections and chemical peels, which address skin problems such as unwanted pigmentation and aging. Cutera and Cynosure are leading manufacturers of aesthetic devices, offering solutions for skin revitalization and acne treatment using FDA-approved PicoSure Pro devices.

The rising fitness consciousness and increasing obesity rate have fueled the demand for body contouring treatments like liposuction. The aging population also contributes to the market growth, as individuals seek to maintain their youthful appearance through various cosmetic surgery facilities. Healthcare costs remain a consideration for many, leading to the popularity of non-invasive, cost-effective treatments. Airsculpt Technologies' AirSculpt Smooth, for instance, offers a less invasive alternative to traditional liposuction. Overall, the market for aesthetic devices continues to expand, driven by consumer demand for instant results and continuous advancements in technology.

Our cosmetic surgery and procedure devices market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Cosmetic Surgery And Procedure Devices Market Driver

The growing incidence of medical conditions that require cosmetic procedures is the key driver of the market. The market have witnessed significant growth due to the increasing preference for invasive surgeries among individuals seeking to enhance their fitness and health. Skin disorders, obesity, and diet-resistant fat are common reasons driving the demand for such procedures. According to recent studies, over 35.7% of young adults aged 20-39, 42.8% of middle-aged adults aged 40-59, and 41.3% of older adults aged 60 and above are opting for cosmetic surgeries. The trend is further fueled by the influence of celebrities and the availability of advanced procedures in private clinics. A leading player in this market, Galderma, offers a range of solutions for various cosmetic concerns, including skin disorders and body contouring, using innovative devices and techniques.

Cosmetic Surgery And Procedure Devices Market Trends

Technological advances is the upcoming trend in the market. The market is experiencing significant growth due to the increasing preference for invasive surgeries among patients seeking to enhance their fitness and health, as well as address various skin disorders. Cosmetic surgeons are utilizing advanced technologies, such as laser lipolysis, to perform procedures with minimal scarring and downtime. This innovation has gained popularity in both private clinics and hospitals. Additionally, the cosmetics industry is witnessing the introduction of minimally invasive facial rejuvenation procedures, such as dermal fillers, which effectively address issues like facial skin dryness, loss of volume, and wrinkles. Galderma, a leading player in the market, is focusing on developing customized implants, offering a wide range of sizes, styles, and materials to cater to individual patient needs.

Cosmetic Surgery And Procedure Devices Market Challenge

The high treatment costs of cosmetic surgeries is a key challenge affecting the market growth. Cosmetic surgery procedures have gained significant popularity due to the desire for fitness and health, as well as the desire to address various skin disorders. The preference for these invasive surgeries has been influenced by several factors, including the increasing trend of celebrities undergoing such procedures and the availability of advanced technologies and private clinics. However, the high cost of cosmetic surgery is a significant barrier for many individuals. The cost includes fees for advanced technologies used during the procedure, the surgeon and anesthesiologist, the surgical facility, and medication. For instance, a tummy tuck in the US costs an average of USD 7,500, while liposuction costs around USD 2,750.

Facial cosmetic surgeries, such as a facelift, cost approximately USD 9,000, and ear reshaping surgery costs around USD5,000. Galderma, a leading player in the market, offers a range of solutions for skin disorders and aesthetic concerns, making cosmetic surgery more accessible to a larger population.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AbbVie Inc. - The company offers Botox and Duopa, which are widely utilized in various aesthetic procedures.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Alma Lasers Ltd.
• Bausch Health Companies Inc.
• Chadda Surgicals
• Conmed Corp.
• Cutera Inc.
• Cynosure LLC
• Fotona d.o.o
• Galderma SA
• Genesis Biosystems Inc.
• Henry Schein Inc.
• Hologic Inc.
• Lipoelastic AS
• Lumenis Be Ltd.
• Merz Pharma GmbH and Co KGaA
• Sciton Inc.
• Sientra Inc.
• Symatese
• The Cleveland Clinic Foundation
• Westlake Dermatology PA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing popularity of aesthetic treatments. The market is segmented into surgical procedures and non-invasive procedures. Surgical procedures include liposuction, nose reshaping, and facelifts, while non-invasive procedures consist of soft tissue fillers, botox injections, and chemical peels. Fat-freezing technology, such as CoolSculpting by Cutera and AirSculpt Technologies' AirSculpt Smooth, is gaining popularity for its ability to remove unwanted fat without surgery. Aesthetic treatments address various skin problems, including acne, unwanted pigmentation, and skin revitalization. Pain and cost are major factors influencing the choice between invasive and non-invasive procedures. The use of FDA-approved devices, such as Cynosure's Picosure Pro and Avive Clear, ensures safety and efficacy.

The obesity rate and aging population are driving the demand for cosmetic surgery facilities. The fitness consciousness trend is also contributing to the growth of the market. Aesthetic treatments provide instant results, addressing physical appearance concerns. However, healthcare costs remain a challenge for some consumers. Surgical procedures require the use of scalpels, needles, and stitches, while non-invasive procedures use botulinum toxin and dermal fillers. These devices cater to the diverse needs of consumers seeking to enhance their appearance.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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