Industry Analysis & Industry Trends
The aging population and an increasingly favorable public perception of plastic surgery have been driving forces behind the recent rise in industry demand. Furthermore, technological advances have helped bolster industry revenue as safer and cheaper procedures have become available for consumers. As the economy continues to improve over the five years to 2020, IBISWorld projects that revenue growth will accelerate. During this time, revenue is forecast to increase. A rise in disposable income and an increasingly aging population will be the main drivers for growth over the next five years.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Plastic Surgeons industry is in the growth stage of its industry life cycle. Although industry revenue declined during the recession, continuing into the current five-year period, the industry is expected to grow faster than the economy during the 10 years to 2020. During that period, IBISWorld estimates that the industry's contribution to the overall economy, measured by industry value added (IVA), will increase at an average rate of 4.1% per year, compared to annual GDP growth of 2.5% over the same period.
This industry relies on a relatively fast pace of technology and systems change. While plastic surgeons are constantly honing their craft and developing new techniques, major pharmaceutical companies are also developing new products to market to consumers... purchase to read more