South Korea Plastic Surgery Market Report and Forecast 2024-2032

South Korea Plastic Surgery Market Outlook

The South Korea plastic surgery market size was valued at USD 1.70 billion in 2023, driven by the increasing popularity of K-Beauty standards. The market size is anticipated to grow at a CAGR of 13.20% during the forecast period of 2024-2032 to achieve a value of USD 5.19 billion by 2032.

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Plastic Surgery: Introduction

Plastic surgery is a surgical process of repairing or restructuring certain parts of the face or the body with the transfer of tissues. This process is usually done in the treatment of a major injury, especially skin burns, large skin tears, and cancer, among other. It is also done for cosmetic enhancement, to enhance the shape, size, and/or appearance of certain part of the body/face. Nowadays, it is gaining significant popularity owing to the beauty standards set by the internet and social media. While it is a thriving industry, plastic surgery comes with its own sets of complications and risks. The most common risks include infections, blood clots or excessive bleeding, scarring, and even neuropathy in some cases due to nerve damage.

 
South Korea Plastic Surgery Market Analysis

South Korea is the leading market for plastic surgery, surpassing other leading markets like Greece, Brazil, and the United States with a significant margin. It is known as the ‘plastic surgery capital of the world’. One in five South Koreans have undergone some kind of plastic surgery in their life, with the most popular surgeries being rhinoplasty, liposuction, and blepharoplasty (eyelid surgery). The country is also set to ease its immigration process for tourists who want to undergo plastic surgery in South Korea to capitalise on the rising popularity of K-Pop and Korean skincare and beauty trends.

The Korean Wave has had an impact beyond the local population. K-pop and K-drama have motivated numerous people worldwide to opt for plastic surgeries to enhance their beauty. Additionally, makeover programs on television featuring the best in Korean plastic surgery are telecasted throughout the world. Increased internet penetration and extensive use of social media have also contributed to the plastic surgery market share.

The market growth is driven by multiple trends that are influencing it positively. The medical tourism business has continued to expand rapidly in South Korea. Amid rising healthcare prices and increased waiting time caused by overburdened public health systems in various nations, South Korea's plastic surgery business is gaining popularity. This popularity can also be attributed to the country's quick, affordable, efficient, safe, and high-quality healthcare system.

Additionally, K-beauty has completely revolutionized the skincare market. Consumers all over the world are now looking to Korea for skincare and haircare solutions. Interest in plastic surgery is correlated with body image, self-esteem, personality qualities, and psychological elements. Many industries, including acting, music, modelling, and aerospace, are closely related to attractiveness on the exterior. Individuals looking for work in these fields must adhere to Korean beauty standards. Candidates for flight attendant positions must meet the airline's requirements for height, skin tone, and body type.

Also, candidates' applications are more frequently turned down if they have tattoos, piercings, or scars on their bodies. Hence, people interested in pursuing these employment options often get plastic surgery. The procedures done in order to fit in the industry of choice have also been contributing to the South Korea plastic surgery market demand.

South Korea Plastic Surgery Market Segmentations

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Market Breakup by Method

• Eyelid Surgery

• Nose Reshaping

• Abdominoplasty

• Liposuction

• Breast Augmentation

Market Breakup by Provider

• Hospital and Specialty Clinic

• Spas and Cosmetic Surgery Centres

• Others

Market Breakup by Gender

• Female

• Male

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South Korea Plastic Surgery Market Overview

South Korea has the world's highest per capita rate of cosmetic surgery. The market growth is attributed to the advancements in medical technology and the rapid rise of social media and web-based mass media. People now have far more access to cosmetic surgery than earlier times. Research in this area has been accelerating due to the steady rise in people seeking plastic surgery, further propelling the South Korea plastic surgery market growth.

The heightened popularity of modern and advanced photography, coupled with the introduction of self-observing applications, and the growing acceptability of restorative medical treatments are all responsible for the substantial increase in the volume of plastic surgery procedures in South Korea.

In addition, Korea's high technology, the increase in research, and the growing number of plastic surgeons have reduced the risk associated with plastic surgery. A significant increase has also been witnessed in a few prominent treatments, including facelift, blepharoplasty or double-eyelid surgery, jawline surgery, and rhinoplasties or nose reshaping. The continuous research and wide acceptance of plastic surgery aid in the development of the plastic surgery sector in South Korea. With the presence of the world's best plastic surgeons specializing in face and body alterations in the region, the market is likely to witness significant growth in the coming years.

South Korea Plastic Surgery Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Bio Plastic Surgery Clinic

• VIP International Plastic Surgery Center

• Merz Asia Pacific Pte. Ltd.

• JK Plastic Surgery Center

• MediGence

• MediGlobus

• Vaidam

• Expert Medical

• Girin Plastic Surgery

• Medical Korea

• POP Plastic Surgery

• DA Plastic Surgery

• 1mm Plastic Surgery

• Me Clinic Plastic Surgery

• Seoul Cosmetic Surgery

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

South Korea Plastic Surgery Market Report Snapshots

South Korea Plastic Surgery Market Size

South Korea Plastic Surgery Market Analysis

South Korea Plastic Surgery Companies