Cosmetic and Plastic Surgery Devices, Products and Services Market

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.

The cosmetic surgeries and anti-aging products industry has been witnessing a continual rise in the past several years. A leading cause is the growing demand and popularity from the aging population over the world along with the effect of the entertainment industry that has alsosupplemented the increasing awareness of these procedures amongst the population of the world. In 2013, the American Society of Plastic Surgeons recorded a massive 15.1 million cosmetic procedures taking place in the United States alone. The number is estimated to be a 12% increase in cosmetic procedure since the depression of 2008 by American Society for Aesthetic Plastic Surgery. Liposuction and Breast Augmentation continue to remain at the top of the rung as the most popular cosmetic surgical procedures and are largest in volume as well as value. Saline and silicone implants were observed to be the key products associated with the breast augmentation procedures. A small population around the world is also seen to demand a variety of implant shapes for aesthetic purposes as well such as star shaped and heart shaped silicone implants that are placed under the skin. These procedures are associated greatly within the Gothic cultural diversity that involves several varieties of body art. This has created a niche industry that looks prospective on a local and regional level. Alopecia or loss of hair is also considered a debilitating and demotivating condition amongst men. Several cosmetic treatments for recovering and treatment and control of this condition are available today with a significant scope of growth in coming years.

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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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