Competing cosmetics: A rise in disposable income and an aging population will boost industry demand

Demand for the Plastic Surgeons industry has been on the rise. The aging population and an increasingly favorable public perception of plastic surgery have been driving forces behind the recent rise in industry demand. Despite the improving economy, the industry has been hindered by rising external competition. Competition has been especially prevalent with medical spas, which offer various nonsurgical procedures that make up a considerable and expanding portion of industry demand. As the economy continues to improve over the five years to 2022, IBISWorld projects that revenue will continue to grow. A rise in disposable income and an aging population will be the main drivers for growth over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
6.6%
Forecast Growth 17-22
Profit
Employment
50,606
Businesses
7,660
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Operators are expected to benefit from increasing regulation among competing industries
  • Although industry margins have grown, an increase in competition has slowed the rate of industry expansion
  • An increase in the number of obesity-related surgical procedures is expected to take place during the period
  • Industry Report - Industry Key Buyers Chapter

    The Plastic Surgeons industry has a low level of concentration, with no single provider generating more than 1.0% of total industry revenue. A large portion of industry operators is solo practices and nonemployer operators (companies with no employees) that operate on a local or regional basis. The average establishment is expected to employ about nine people and generate just over $6.6 million in revenue in 2017.Although many industries in the healthcare sector have undergone periods of consolidation, plastic surgeons have been able to resist these changes. The fragmented nature of the industry is associated with additional administrative burdens on plastic surgeons. Sol...purchase to read more.

    Additional Insights for the Plastic Surgeons Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Surgeons Industry are

  • Educating the wider community
  • Adopting new technology
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 20 to 64 and External competition in the Plastic Surgeons industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Plastic Surgeons Industry?

    This industry provides medical techniques intended to enhance the physical appearance for cosmetic or reconstructive purposes. Companies consist of medical specialist clinics where licensed professional doctors perform surgical and non-surgical procedures.

    Industry Products
  • Injectables
  • Laser hair removal
  • Microdermabrasion
  • Chemical peel
  • Breast augmentations and reductions
  • Liposuction
  • Other surgeries
  • Industry Activities
  • Administering injectables and humectants (including Botox and Restalyne)
  • Performing laser hair removal
  • Performing microdermabrasion
  • Performing chemical peels
  • Performing breast augmentations
  • Performing liposuction
  • Performing eyelid surgery
  • Performing rhinoplasty
  • Performing abdominoplasty
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 20 to 64
  • External competition
  • Technological change
  • Per capita disposable income
  • Total health expenditure

  • Current Performance
  • Changing perceptions boost industry growth
  • Competition with medical spas increases
  • Elective surgery
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition with medical spas
  • Opportunities in weight
  • Table: Plastic Surgeons Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Surgeons Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Debt Collection Agencies
  • Diagnostic & Medical Laboratories
  • Generic Pharmaceutical Manufacturing
  • Human Resources & Benefits Administration
  • Medical Device Manufacturing

  • Products & Services
  • Injectables
  • Other surgeries
  • Laser hair removal
  • Microdermabrasion
  • Chemical peel
  • Liposuction
  • Breast augmentations and reductions
  • Chart: Plastic Surgeons Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics
  • External competition
  • Technological change

  • Major Markets
  • Patients ages 35 to 50
  • Patients ages 51 to 64
  • Patients ages 19 to 34
  • Patients 65 years old and over
  • Patients 18 years old and younger
  • Chart: Major Market Segmentation for the Plastic Surgeons Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Plastic Surgeons

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Surgeons Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Surgeons Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plastic Surgeons Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Botulinum Toxin
  • A toxic strain of protein that inhibits nerve impulses to soften muscles and reduce the appearance of wrinkles; most popular as the drug Botox.
  • Injectable
  • A substance that can be injected, such as a drug; this product segment includes chemicals that are injected into the skin to improve the body's youthful appearance.
  • Microdermabrasion
  • An exfoliating process that smooths the skin with various abrasive agents.
  • What Our Customers Say

    Why buy this report?

    The Plastic Surgeons Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Plastic Surgeons:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Plastic Surgeons market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Plastic Surgeons, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear