Plastic surgery market offerings include a wide spectrum of surgical procedures and products for the reconstruction and modification of body parts, either for cosmetic purposes or for the treatment of injury. In the U.S., year 2015 was considered as the banner year for plastic surgery, with vast adoption of surgical products and procedures led by advancements in technology and the promise of reduced recovery times.
The statistics from the American Society of Plastic Surgeons (ASPS) reveal promising trends: about 15.9 million surgical and non-surgical cosmetic procedures were performed in 2015, and there was a 2 % increase from the previous year, and a whopping 115 % increase in the procedures since 2000. The statistics further suggest a dramatic shift in the types of procedures preferred by individuals. As per the latest report by ASPS, there is dramatic rise in lift surgeries since the start of this millennium. Lift surgeries consist of various body contouring procedures that involve removal of excess skin followed by tightening of remaining skin; the procedures mainly include breast lifts, buttocks lifts, lower body lifts and upper arm lifts, and The statistics revealed that the preferred cosmetic surgery procedures in the U.S. were breast augmentation, liposuction, rhinoplasty, eyelid surgery, and tummy tuck.
The multi-dollar plastic surgery market is booming; the growth is driven by the popularity of less invasive procedures, reduction of cost and recovery times, and adoption of minimally invasive fat reduction procedures. Availability of qualified plastic and cosmetic surgeons increasing the safety of procedures and boosting surgical outcomes are key factors that drive the growth momentum of the market, especially in advanced regions. Furthermore, rising demand of myriad cosmetic surgical procedures for men, adoption of laser-based aesthetic procedures, unconventional body-modification procedures, and market launch of advanced injectable products are major trends that will unlock ample growth opportunities in the market.
As per a recent report added by Big Market Research titled “Global Plastic Surgery Products Market 2016-2020”, the market is forecast to grow at a CAGR of 9.47% from 2016 to 2020. As more men enter the marketplace, there is a surge in the number of licensed physicians who specialize in male plastic surgery. Botox, breast procedures, myriad face-lifts, eyelifts, skin treatments, liposuction, and hair restoration are some of the key segments in plastic surgery products market gaining traction among men. According to ASPS, the percentage of men getting minimally-invasive plastic surgery procedures has increased staggeringly—by as much as 355%. Emergence of combination treatments and rise in medical tourism in developing nations are other prominent trends that would foster the market growth.
Some well-known surgical procedures that allow for minimally invasive procedures are Liquid Facelift—a suitable combination of BOTOX® cosmetic and dermal fillers, non-surgical fat reduction, double chin reduction and feminine rejuvenation procedures. Advancements in procedures have enabled women to look for cosmetic surgery for lip enhancement and shapelier derrieres, fostering the growth of the market.
Leading market players extensively profiled in the report are Allergan, Cynosure, DePuy Synthes, Galderma, Syneron Medical, Stryker, and others.