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September 11, 2009 – According to a new market research report by ReportLinker.com, they forecast that the global market for cosmetic surgery services will reach the $40 Billion mark by the year 2013, up from $31.7 Billion in 2008, for a compound annual growth rate of 5.2%.
The study suggests that the global market for cosmetic products in this market segment is much smaller, and estimated to reach about $7 Billion in revenues in 2013, up from $4.4 Billion in 2008, with a compounded annual growth rate of 9.5%. The largest demographic group for those who have had a cosmetic surgery procedure in the U.S. in 2007 was made up of people from the ages of 40 to 54, comprised of approximately 5.5 million procedures, while the second largest group was for those 55 and older, which comprised of about 3.1 million procedures.
The goal of the report named, Cosmetic Surgery Markets: Products and Services, was to provide a detailed overview of products that are included in this market and detailed analyses of markets and competitive environments worldwide. The study includes a tremendous amount of information regarding significant products, players, issues, trends, and other useful information affecting the cosmetic surgery industry.
Some reasons behind the study were to highlight that although traditional cosmetic procedures and materials continue to be introduced and have provided less invasive solutions with comparable results for people, that newer technologies (i.e. lasers, ultrasound, radiotherapy) continue to have a significant impact on the outcome of this certain market. Cosmetic surgery covers a wide variety of cosmetic products and procedures, both noninvasive and invasive, where manufacturers, investors, and cosmetic providers should be aware of ever-changing industry landscape in order to remain competitive in a highly evolving market.
The report was designed to be a helpful business tool for providing a very thorough evaluation of the cosmetic surgery industry, including equipment, supplies, devices, and cosmetic services. The scope of the study is worldwide, and identifies markets in general segments such as cosmetic equipment, cosmetic implants, injectable materials, and other cosmetic products. Each of the market segments discussed provides detailed information based on the specific product categories, product uses, forecasts, and competitive analyses.
For the full report, go to: http://www.reportlinker.com/p0132720/Cosmetic-Surgery-Markets-Products-and-Services.html
By: The SoCal Cosmetic Network editorial staff
Tags: cosmetic surgery, cosmetic surgery statistics
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Thanks! Very helpful story!