Industry Analysis & Industry Trends
Augmented industry growth
Demand for plastic surgery has been on the rise thanks to factors including the aging population, favorable public perception and technological advances. Despite consistently rising demand for the number of surgeries, industry revenue and profit margins took a hit during the recessionary years of 2007 through 2009. As the economy and incomes recover, demand will increase at a greater pace. Still, revenue is forecast to be somewhat restrained by mounting competition from medspas, which offer various nonsurgical procedures that make up a considerable and expanding portion of industry demand. As competition heightens, operators will be forced to reduce prices on numerous procedures, contributing to downward pressure on operating profit.... purchase to read more
Industry Report - Industry Analysis Chapter
Interest in cosmetic surgery continues to climb as technological advancements make procedures more accessible, more affordable and safer. Cosmetic surgery is no longer reserved for the wealthy or famous; most cities in the United States are home to plastic surgery centers, offering body contouring procedures, such as liposuction and breast augmentation; facial rejuvenation, such as eyelid surgery and chin and cheek implants; laser hair removal; and other innovative enhancement procedures.
The number of cosmetic surgery procedures performed in the United States has continued to grow even with the economic recession. According to the American Society for Aesthetic Plastic Surgery (ASAPS), some 9.3 million cosmetic surgery procedures were performed in the United States in 2010... purchase to read more