Cosmetic and Plastic Surgery Market: Global Market Snapshot by 2020
The market for cosmetic and anti-aging industry comprises a variety of products and services. In products, there are devices such as ultrasound and laser ablation dedicated for cosmetic surgeries. Along with this, saline and silicone breast implants, aesthetic shaped implants, dermal fillers such as hyaluronic acid and botulinum injections also account for a sizable share of the market.Other products include creams and ointments for stretchmarks and wrinkles. The primary component of these products is hyaluronic acid or other biocompatible collagen. This study will report various segments within the cosmetic and anti-aging industry such as cosmetic procedure devices -aesthetic lasers, microderm abrasion, ultrasound and RF skin treatment devices, products-augmentation implants, botulinum and hyaluronic acid injections among others and services.
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Currently North America and primarily United States account for the largest fraction of the anti-aging market with an estimated share of over 50%. However, due to irregular reimbursement and expensive nature of the procedures gave rise to medical tourism and extremely affordable options overseas particularly in developing countries. By 2010, destinations such as India, Indonesia, Thailand, Singapore, Brazil and Mexico became attractive destinations for medical tourism and cosmetic surgeries along with dental and orthopaedic procedures. India alone accounts for over 1.5 million medical tourists each year since a typical breast augmentation procedure costs only $2,200 as compared to $6000 in the United States. The involvement of a complex healthcare system, stringent regulatory passage and uneven reimbursement system is believed to be the core reason of the higher cost in the United States. Other reasons for this dynamic shift is the long waiting lists and stringent eligibility criteria, wherein a person in United States, Germany or United Kingdom may not simply be allowed to undergo a cosmetic procedure out of choice since side-effects are very well known and the healthcare facility may become liable for damages to the patient. This study also focuses and reports the market for other regions such as Europe, Asia and the Pacific, Latin America.
This report intends to study the multiple facets of the cosmetic and anti-aging industry and report the real-time scenario of the market along with a comparison of the potential evaluation. The intended readers for this report aremanufacturers, distributors and other members within the value chain of the cosmetic and anti-aging products and services market. Along with this the report will also benefit hospitals and cosmetic surgery specialists over the world in understanding where market potential lies. The market is highly fragmented with a large number of players vying in regional markets. However, dynamics are observed to be changing with few global players such as Allergan, Cynosure, botoxmedical, Solstice Neurosciences, Sculptra, Juvederm, Mentor, Sientra, GC Aesthetics and ISRAEL21c among several others.
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Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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