Canada Cosmetic Surgery Market

The Canada Cosmetic Surgery Market is valued at USD 2.3 Billion in 2023 and is projected to reach a value of USD 4.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 8.98% between 2024 and 2030.

Key highlights:

• In 2023, Canada obtaining the revenue share of more than 2.3 Billion and logistics Market is estimated to be valued at USD 4.2 Billion by 2030 at an exponential growth of 8.7% in the next Seven years.
• The Surgical Procedures segment accounted for the most significant market growth, i.e., 69.4% in 2023.
• The Hospitals segment accounted for the most significant market growth, i.e., 53.8% in 2023.

Country Overview:

Canada Growing Sales by an 8.7% share in 2032. Canada has a thriving and steadily expanding cosmetic surgery business. Increased awareness, technical developments, and shifting aesthetic standards have all contributed to increased demand for cosmetic operations. The industry is characterized by various ambulatory surgical facilities, hospitals, and private clinics that provide numerous cosmetic operations. An estimated 25% of all cosmetic surgery operations in Canada in 2022 will be breast augmentations. Provincial medical regulatory agencies in Canada oversee the cosmetic surgery industry, enforcing high standards of care and guaranteeing patient safety. These treatments are carried out by highly skilled plastic surgeons with specialized training and experience, ensuring the best possible patient results. As surgical techniques progress and shifting beauty standards take hold, there is an increasing demand for cosmetic surgery.

Procedure Type Overview:

In 2023, the Surgical Procedures dominated the market with a 69.4% share and a market CAGR of 7.3% in the forecast period. The Procedure type segment is separated into surgical procedures and Non-surgical procedures. In Canada, the number of individuals who choose to enhance their appearance through cosmetic surgical procedures continues to rise. Breast augmentation, eyelid surgery, and liposuction are the top three cosmetic surgical procedures conducted in Canada over the past few years, with breast augmentations increasing the most. Over 20,000 breast augmentations are undertaken annually in Canada, making it the most common cosmetic surgery. Implants are inserted during this procedure to enlarge and alter the appearance of the breasts. Over 20,000 breast augmentations are undertaken annually in Canada, making it the most common cosmetic surgery. Implants are inserted during this procedure to enlarge and alter the appearance of the breasts. Liposuction is the second most prevalent procedure, with nearly 15,000 procedures performed annually. This procedure removes excess fat from various body parts, including the quadriceps, hips, and abdomen.

End User Overview:

In 2023, the Hospitals dominated the market with a 53.8% share and a market CAGR of 8.2% in the forecast period. The End User segment is separated into Hospitals, Office-based facilities, Ambulatory surgical centers. Hospitals in Canada include cosmetic procedures on their list of services. While most cosmetic procedures are performed in private clinics, several hospitals in Canada have dedicated sections or divisions for cosmetic surgery. Among the most frequently performed cosmetic surgery procedures in hospitals across Canada are breast augmentation, rhinoplasty, liposuction, and facelifts. For example, thousands of breast augmentation procedures are performed annually in Canada, making it one of the most common cosmetic procedures. Hospitals that provide cosmetic procedures in Canada adhere to strict regulations and standards to protect patient safety.

Key Trends

• In 2023, the surgical procedures category had a major share, whereas the non-surgical procedures category is estimated to witness the fastest growth in the coming years.
• In 2023, the hospitals category had a major share and is estimatedd to continue its dominance during the forecast period. Besides, office-based facilities to witness lucrative growth.

Premium Insights

The enhanced rules and regulations and government initiatives to enhance healthcare industry across the region are favorable for market growth. Moreover, the increased investments by the government in these sectors is further estimated to enhance the market growth during the forecast period. The political and government stability across major developed and developing nations is also estimated to enhance the market demand in the years to come. The development of global competition, technology, and advertising industry have made maintenance, pricing and promotion strategies for the product more complicated. Concerning these challenges, the importance of the marketing channel, as a strategic tool, has rapidly grown.

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

Track market trends LIVE & outsmart rivals with our Premium Data Intel Tool: Vantage Point

Market Dynamics

Increasing Awareness and Acceptance of Cosmetic Surgery

A major factor propelling the expansion of the cosmetic surgery market in Canada is the rising popularity of the procedure. Over the years, there has been a gradual but significant change in people's perspectives on cosmetic treatments, resulting in widespread familiarity and acceptance. The broad accessibility of information via multiple sources, including the Internet and social media, is a contributing factor. The public now has less fear of cosmetic surgery because of the widespread availability of information about it. In addition, stories and discussions concerning cosmetic surgery are regularly included in various media, such as television shows, publications, and internet platforms. Improvements in medical technology and practices have also contributed to cosmetic surgery's rising popularity. There is less downtime and higher levels of safety thanks to the enhanced procedures. The efficiency and comfort of minimally invasive procedures, like laser treatments and injectables, have led to their widespread use.

Technological Advancements to Propel the Market Growth

Cosmetic surgery in Canada has been revolutionized by new technologies that have led to improved treatments, shorter recovery times, and better overall results. These developments have improved patient safety, surgical precision, and therapy alternatives. Minimally invasive procedures are one of cosmetic surgery's most significant technological contributions. The effectiveness and short recovery time of minimally invasive procedures, including ultrasound-assisted liposuction, laser treatments, and endoscopic facelifts, have increased their appeal. The utilization of state-of the-art imaging and 3D visualization technologies has also significantly altered the methodology and results of cosmetic operations. Moreover, developments in technology have enhanced post-operative care and enhanced patient outcomes. Healing, scarring, and patient satisfaction can all be enhanced by tissue adhesives, modern wound care dressings, and scar management treatments. Because of these developments, cosmetic surgery has become safer, more effective, and more pleasant for patients.

Competitive Landscape

The Canada Cosmetic Surgery market is a competitive and fragmented market due to the high presence of players in the market. Only a few companies account for a major market share, and hence, the degree of competition among the suppliers is high as the players in the market are active at country level. Also, the increasing rivalry between the players to obtain the majority of the market share for has played a major role in intensifying the level of competition. In the market, the major players are following mergers and acquisitons, new product launches, and partnerships and collaborations. The Major players are Allergan Aesthetics, Cutera, Galderma, Merz Pharma, Suneva Medical, Mentor LLC, Alma Lasers, Candela Corporation, Cynosure, PCA SKIN.

Also available Global Cosmetic Surgery Market Research Full Study Report:

https://www.vantagemarketresearch.com/industry-report/cosmetic-surgery-market-1701

Recent Market Developments

• In April 2023, The U.S. Food and Drug Administration (FDA) has authorized Sculptra, an injectable form of poly-Llactic acid (PLLA-SCA), for the treatment of wrinkles and fine lines around the cheeks, according to Galderma. Sculptra is the first and only FDA-approved PLLA collagen stimulator. When injected into the cheek area, it aids in boosting the synthesis of natural collagen to reduce wrinkles and enhance skin characteristics, including firmness and radiance.
• In March 2023, Aesthetic experts and patients may now visualize the results of injectable treatments* at the planning stage, before treatment, thanks to the debut of FACE by Galderma, a cutting-edge tool powered by augmented reality (AR). This novel approach may allay patients' anxieties regarding injectable results by providing a simulated realtime "before and after" vision of what can be possible with a customized treatment strategy.

The Canada Cosmetic Surgery market can be categorized as Procedure type, End User, and Region.