Cosmetic surgery market in China worth over 250b yuan
The cosmetic surgery market in China reached 256 billion yuan ($36.71 billion), growing at an annual compound growth rate of 30 percent in the past five years, according to a report released on Thursday by cosmetic surgery app Gengmei, which means "more beautiful" in Chinese.
The report estimated the Chinese cosmetic surgery market will hit 1 trillion yuan in 2025.
A total of 25 million medical aesthetic procedures were performed in China in 2019, with 10 cities -- including Beijing, Shanghai, Guangzhou city in Guangdong province, and Chengdu city in Sichuan province -- topping the list.
About 32 percent of the customers are from first-tier cities, while the figure for second-tier cities is 35 percent, growing 7 percentage points from last year.
Men account for 13 percent of the customers, while 21 percent of the customers have a master's degree or above. About 40 percent of the customers have a monthly income of 10,000 to 20,000 yuan.
About 15 percent of the customers are from the post-2000 generation, and 47 percent are post-1990s.
Procedures on the nose, eyes and facial contours are the most popular on e-commerce platforms.
