2013-01-10 18:08:29 - US cosmetic surgery market to reach US$17.57 billion by 2015
The US cosmetic surgery market has been forecast to hit a value of US$17.57 billion by 2015.Despite the recent decline triggered by the global economic recession, the US cosmetic surgery market is eventually recovering, with growth led by non-surgical procedures, the youth focused-American society, and the continued interest of people to enhance their physical appearance.In addition to the desire of the people to look young, other factors that are driving and would continue to fuel growth in the market include growing acceptance of cosmetic surgery, an ageing population, a high degree of competition at workplace, and the growing popularity of weight loss and reality television programs.Injectables represent the most vibrant and promising growth area, since downtime and recovery are minimal
to nil and costs are easy on the pocketbook.Surgical treatments, which provide long-term benefits, are temporarily less popular, especially since the U.S. economic slowdown has tightened consumer spending on more expensive, out-of-pocket surgical treatments.In terms of gender, women dominated with a major share of the total procedures performed on them in 2009, but registering a 3.58% decline compared to 2008. Men outdid women not only in terms of percentage increase in number of procedures performed, but also with a positive growth of 8.27% over 2008.The US cosmetic surgery market is home to large number of companies. However, due to the diverse nature of product categories(Equipment, Injectables and Implants), not all companies are active in all market segments.For more information on the US cosmetic surgery market, see the latest research: US Cosmetic Surgery MarketFollow us on Twitter @CandMResearch
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