In 2022, the global cosmetology market was valued at USD 108.33 billion. In the current year, 2023, the net worth of total cosmetology procedures could reach a valuation of USD 118.93 billion. The global market is anticipated to reach nearly USD 316.05 billion by 2033, following a CAGR of 10.8% from 2023 to 2033. Moreover, the market recorded a CAGR of 9.5% from 2018 to 2022.
The demand for cosmetology procedures is alarmingly surging, with increasing cosmetic surgical procedures such as facelifts, hair transplants, and liposuction. Individuals' growing preference for aesthetic appearance is fueling the demand for bodily enhancements, and this, as a result, drives the global cosmetology market.
Moreover, for face enhancement, botox and fillers are two key products in cosmetic surgery. Cosmetology is gaining popularity among all populations, irrespective of gender. Trends established by cosmetology procedures have shown considerable impacts on society, and therefore, cosmetic surgeries have forever been a topic of attention across the world.
The increasing awareness among the youth population and accessibility to technologically advanced products to perform various non-surgical and surgical procedures is likely to contribute to the cosmetology market growth over the forecast period.
Moreover, primary market players insist on launching novel products with appropriate approval to strengthen their position in the market. For example, Cynosure Inc., in October 2021, launched the Potenza radiofrequency (RF) micro-needling system in Canada for skin revitalization.
Also, in June 2020, the company introduced the Elite iQ aesthetic workstation for skin revitalization and laser hair removal in Europe, Australia, and the United States.
| Attribute | Details |
|---|---|
| Global Cosmetology Market Valuation in 2022 | USD 108.33 billion |
| Estimated Global Market Share in 2023 | USD 118.93 billion |
| Forecasted Global Market Size by 2033 | USD 316.05 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 10.3% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 9.5% CAGR |
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Cosmetic surgeries, which include non-surgical procedures like Botulinum toxin and several other injectables, have been a highlight in the recent past. Several specialty clinics and medical spas offer these procedures, and this trend has been continuously rising.
There has been an increase in individuals undergoing injectables, dermal fillers, and other non-surgical procedures to enhance their cosmetic appearance, creating an attractive demand for cosmetology.
There is an increasing awareness and additional emphasis on aesthetic appearance in today's social media and digitally dominated world. Several social media influencers, having millions of followers, are promoting several cosmetic procedures, and their followers do consider these options owing to the bestowed faith.
Some prominent procedures amidst all surgeries are eyelid surgery, nose reconstruction, hair transplant, and breast enhancement has witnessed a considerable spike.
The American Society for Aesthetic Plastic Surgery (ASAPS) stated that in 2020, 18% of facelifts, 14% of eyelid surgery, and 15.2% of nose reconstruction procedures took place in the United States.
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Potential side effects and failures of cosmetic procedures, such as breast augmentation, botox injections, lip fillers, etc., are likely to hinder the market's growth. In 2016, a few of the serious side effects listed by the FDA were difficulties in speaking, swallowing, and even breathing.
Additionally, several other side effects are headache, tiredness, urinary tract infection, dry eyes, and allergic reactions. Moreover, in post-breast augmentation procedures in the United States, the rupture rate of silicone breast implants was 13% in 2016, according to the National Center for Biotechnology Information.
| Category | By Procedure |
|---|---|
| Top Segment | Non-Surgical |
| Market Share in Percentage | 59.3% |
| Category | By Application |
|---|---|
| Top Segment | Hair Transplant |
| Market Share in Percentage | 23.7% |
Owing to the increasing demand for facial reconstruction surgeries in nations like China, Japan, and South Korea, the cosmetology industry in the Asia Pacific region is expanding significantly. The most common procedures performed on the face include chin reconstruction, eyelid lifts, and rhinoplasty (nose job).
Around 20 out of every 1,000 people in South Korea, based on data from the 2014 International Society of Aesthetic Plastic Surgery (ISAPS) reports, have received some plastic surgery.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 42.3% |
| Europe | 25.6% |
North America accounted for 42.3% of the total market share in the global cosmetology market in 2022. Such market dominance is owing to advanced technologies, such as 'Virtual 'try' apps used for cosmetic surgeries, accounting for the growth of the overall market.
For example, laser surgeries are gaining popularity for removing scars, blemishes, facial hairs, etc. The American Society for Dermatologic Surgery (ASDS) stated that in 2017, in the United States, around 3.2 million procedures were performed with the help of light, laser, and other energy-based devices for skin resurfacing.
The North American market is said to maintain its position during the forecast period owing to the cosmetic surgeries conducted in the United States alone in 2020.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| United States | 37.8% |
| Germany | 7.3% |
| Japan | 4.3% |
Europe is accounted for a 15.9% market share in the global cosmetology market. Countries like France and Germany are key revenue generators in Europe, as cosmetic surgeries are gaining traction alarmingly.
Advanced technologies like 'Printed Makeup' and specialists, encouraging the need for cosmetic surgeries are boosting the growth of the European market. Moreover, ultra-modern techniques enable minor surgeries of superior accuracy to maintain a natural look without risk to the individual's health.
Some commonly performed cosmetic surgeries in this region are breast enhancement, eyelid corrections, and liposuction. Also, cosmetic surgeons are using minimally invasive procedures, therefore, laser technologies attain better results.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 7.2% |
| China | 12.4% |
| India | 10.2% |
| Australia | 9% |
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Ever/Body, a United States-based start-up, is a tailored and tech-enabled cosmetic dermatology practice. Since 2019, the company has furnished to the rising interest in personalized, accessible, tech-backed accessible skincare treatments. Recently, Ever/Body raked USD 55.5 million in its Series C funding raise, led by Addition, an existing investor.
Some key players in the global market are:
| Who | Allergan Aesthetics |
|---|---|
| When | June 2020 |
| Strategic Move | Allergan Aesthetics - a subsidiary of AbbVie Inc., got approval from the FDA for JUVÉDERM VOLUMA XC for augmenting and uplifting chin region in adults above the age of 21. |
| Who | GC Aesthetics |
|---|---|
| When | June 2022 |
| Strategic Move | GC Aesthetics is a privately held medical technology company that provides Women's Healthcare Aesthetic and Reconstructive Solutions. It has planned to grow and expand in the Brazilian market, which is said to be a substantial breast augmentation market in the world. |
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.8% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Procedure, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | GC Aesthetics; Mentor Worldwide LLC; Sientra Inc.; Zimmer Holdings Inc.; 3M Health Care; Allergan, Inc.; Implantech Associates Inc.; Institut Straumann AG; Nobel Biocare Holding AG; Spectrum Designs Medical |
| Customization | Available Upon Request |
The global demand for cosmetology procedures is likely to thrive at a 10.8% CAGR through 2033.
The global cosmetology market value is predicted to reach USD 316.05 billion by 2033.
The global cosmetology market was valued at USD 108.33 billion in 2022.
The United States alone accounted for nearly 37.8% of the global market share.
China is predicted to witness a CAGR of 12.4% in cosmetology sales through 2033.
Swelling and allergic reactions that can lead to breathing problems are the challenges.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Procedure 5.1. Surgical 5.2. Non-Surgical 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Breast Enhancement 6.2. Facial Contouring and Rejuvenation 6.3. Body Contouring 6.4. Skin Rejuvenation 6.5. Hair Transplant 6.6. Buttock Enhancement 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. GC Aesthetics 17.2. Mentor Worldwide LLC 17.3. Sientra Inc. 17.4. Zimmer Holdings Inc. 17.5. 3M Health Care 17.6. Allergan, Inc. 17.7. Implantech Associates Inc. 17.8. Institut Straumann AG 17.9. Nobel Biocare Holding AG 17.10. Spectrum Designs Medical 18. Assumptions & Acronyms Used 19. Research Methodology
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Cosmetology Market
