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 Products Chapter
The Plastic Surgeons industry provides products and services in two broad segments: surgical and nonsurgical procedures. Surgical procedures include beast augmentations and reductions, liposuction and various procedures that shape parts of the face and body. Nonsurgical procedures include the injection of certain chemicals, laser treatments and chemical peels. According to data from the American Society for Aesthetic Plastic Surgery (ASAPS), the popularity of nonsurgical procedures has grown 3.0% total from 2006 to 2010. Growth in this segment reflects wider availability of treatments, decreased regulation of relevant drugs and increased affordability.
Injectables
This product segment is perhaps best known for Botox. Bot... purchase to read more