Cosmetic procedures
include elective surgical as well as nonsurgical procedures performed
to reshape normal structures of the body. These procedures and
cosmetic products are carried out to improve appearance of an
individual thereby boosting self-confidence and self-esteem. The
global market for cosmetic procedures and products is expanding both
in terms of value and number of procedures performed annually.
Several industry experts quote that ageing population, growing
acceptance of cosmetic surgery, and interest of people for aesthetic
reasons are the prime factors responsible for the market growth.
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Research Report of Cosmetic Procedures and Products Market :
The global cosmetic
procedures and products market is segmented into two major segments,
namely, surgical procedures and nonsurgical procedures. Major
surgical cosmetic procedures include breast augmentation, lipoplasty
(liposuction), blepharoplasty (cosmetic eyelid surgery),
abdominoplasty, (tummy tuck), breast lift, gynecomastia treatment,
otoplasty (cosmetic ear surgery) and breast reduction. Breast
augmentation and the lipoplasty (liposuction) have been the top two
popular cosmetic surgical procedures. The FDA’s decision in 2006 to
reintroduce silicone gel breast implants in the market has improved
the number of breast augmentation procedures over the years. These
procedures are comparatively costlier than the nonsurgical cosmetic
procedures and therefore rely on the insurance coverage. Hence, the
market was affected to some extent due to financial uncertainty
during economic crisis of 2009. However, the resurging economy is
expected to the market again and will help in growth of overall
cosmetic procedures and products market.
Non surgical
cosmetic procedures include cosmetic injectables, skin rejuvenation
and other procedures such as laser hair removal, sclerotherapy, and
laser treatment of leg veins. Globally, the injectable cosmetics
constitute major share in the nonsurgical segment and include
botulinum toxin type A (Botox and Dysport), calcium hydroxyapetite
(Radiesse), collagen, hyaluronic acid (Hylaform, Juvederm,
Perlane/Restylane) and poly-l-lactic acid (Sculptra). Skin
rejuvenation procedures include chemical peel, dermabrasion, fraxel,
intense pulsed light (IPL) laser treatment, and noninvasive
tightening.
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Report Copy :
The Americas and
Europe have always been the main market for these cosmetic procedures
and products over the years. These two geographies are youth-focused
and more emphasis is on aesthetic looks of an individual.
Additionally, the technological advancements in the medicine and
surgery field are enabling surgeries to be non-invasive and less
painful which is driving the market to further level. The American
Society for Aesthetic Plastic Surgery reported that in 2010 Americans
spent approximately USD 10.7 billion on cosmetic procedures of which
more than 60 percent was contributed by surgical procedures. However,
it is imperative to mention here that number nonsurgical procedures
carried out annually are far more than the surgical procedures, but
are less in terms of value (money spent). Furthermore, the number of
women who opt for cosmetic procedures, have always outnumbered the
number of men who choose these procedures. However, the dynamics of
the market are changing these days with more men adopting cosmetic
treatments for reasons such as high degree of competition at
workplace, and growing awareness about obesity. The cosmetic surgical
procedures for men include gynecomastia treatments, breast reduction,
male facelifts, male brow lifts, and male tummy tucks.
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Some of the major
companies in the global cosmetic procedures and products market are
Allergan, Inc., DermaMed USA, Fascia Biosystems, LLC, Genzyme
Corporation, ExcellaDerm Corporation, Medicis Pharmaceutical
Corporation, Suneva Medical Inc., BioForm Medical, Inc., Johnson &
Johnson, Cutera, Inc., Q-Med AB, Dermik Laboratories, Genesis
Biosystems, Inc., IRIDEX Corporation, Lumenis Ltd., Candela
Corporation, Anika Therapeutics, Inc., Mentor Corporation, Palomar
Medical Technologies, Inc., Cynosure, Inc., Solta Medical, Inc.,
among others.
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