The cosmetic surgery market size in Europe is predicted to grow from USD 25.26 billion in 2023 to USD 43.25 billion by 2028, growing at a CAGR of 11.36% from 2023 to 2028.
The growing demand for cosmetic surgeries primarily drives the growth of the European cosmetic surgery market. The demand for surgeries that aim to enhance and restore physical features is on the rise due to the increasing awareness and preference from the population of European countries for cosmetic procedures. These surgeries include procedures on various body parts such as the nose, ears, lips, cheeks, hips among others. The influence of social media influencers and celebrities further contributes to the popularity of cosmetic procedures. Additionally, social media platforms play a crucial role in promoting non-surgical treatments for cosmetic enhancements.
The rising beauty consciousness among the European population further boosts the growing demand for cosmetic surgeries and propels the European market growth. With an increasing number of women and younger individuals seeking aesthetic enhancements, the demand for cosmetic surgeries is rising in European countries. The employed population focuses on their appearance to boost self-confidence, while the shift to remote working during the pandemic has led to a surge in cosmetic procedures for online video calls. Breast implants and augmentation procedures are particularly popular among younger women, driving the demand for cosmetic surgery. The adoption of non-invasive procedures such as Botox and dermal fillers further contributes to market growth. Cosmetic surgery offers individuals the opportunity to transform their physical appearance catering to their personal preferences and aspirations.
The continuous R&D efforts on cosmetic surgeries by market participants and researchers fuel the growth rate of the European market. Researchers and innovators are dedicated to improving cosmetic surgery procedures, aiming to minimize side effects and complications. They also work on developing specialized vaccines and drugs tailored to specific cosmetic surgery needs. The availability of significant investments in research and development and strong support from both the government and private contribute to the ongoing evolution and expansion of the cosmetic surgery market in Europe.
The development of specialized vaccines and drugs for cosmetic surgery purposes, growing investments in research and development activities and supportive government regulations and policies promote the European cosmetic surgery market growth. The growing private and public sector investment in the cosmetic surgery industry and expansion of non-invasive cosmetic procedures such as Botox and dermal fillers, offering convenient and less invasive options to consumers further boost the growth rate of the European market.
High costs associated with cosmetic surgeries, potential risks and complications associated with cosmetic procedures and cultural and societal stigmas surrounding cosmetic surgeries in some parts of Europe majorly hamper the growth of the European cosmetic surgery market. Stringent regulations and legal requirements governing cosmetic surgeries, lack of awareness and education about available cosmetic procedures and their potential benefits among the general public and limited availability of skilled and experienced cosmetic surgeons hinder the European cosmetic surgery market growth. Negative media portrayal or coverage of cosmetic surgeries is another significant roadblock to the European market growth.
This research report on the Europe cosmetic surgery market has been segmented and sub-segmented into the following categories.
By Gender:
By Age Group:
By Procedure:
By End User:
By Country:
The European region is anticipated to account for a substantial share of the global market during the forecast period owing to the rising awareness of cosmetic surgeries among people and healthcare expenditure.
Germany had the largest share of the European market in 2022 and is predicted to grow at a promising CAGR during the forecast period. The growth of the German market is majorly driven by the growing number of clinics and hospitals offering these procedures. The focus of Germany on providing cost-effective surgical options and the rising popularity of plastic surgeries further contribute to the German market growth. Similarly, the UK had a considerable share of the European market during the forecast period owing to the manufacturing facilities and key players playing a prominent role. The increasing number of licensed spas in the country also drives the UK market growth.
KEY MARKET PARTICIPANTS:
Companies playing a leading role in the European cosmetic surgery market are Allergan Aesthetics, Merz Pharma GmbH & Co. KGaA, Galderma S.A., Cynosure, LLC and Sientra, Inc.
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