Aesthetic procedures and surgeries market to reach £775m this year
The market for cosmetic surgery and non-surgical procedures is expected to grow in value by 9% this year to reach £775million.
The sector, which includes procedures such as lasers and injectables as well as surgery, is expected to continue to expand, but at a slower pace than in recent years, as the market reaches maturity.
Key Note forecasts that the market will grow 8.4% in value to reach £840m by the end of 2013, according to market analyst Key Note.
The number of cosmetic surgical and non-surgical procedures increased by 15.1% in 2011, while in value terms, the market grew by 10.1% to £711m over the same period.
The number of non-surgical procedures carried out in the UK increased substantially between 2007 and 2011, and accounted for 32.2% of the total market in terms of value in 2011. ?
Audit figures from the British Association of Aesthetic Plastic Surgeons (BAAPS) showed that, in 2011, nose surgery experienced the strongest growth in volume terms, with the number of rhinoplasty procedures increasing by 7.4%.
Breast augmentation continued to be the largest sector and accounted for 23.3% of all procedures carried out by its members in 2011, despite the French PIP breast implant scandal, which involved a high rate of ruptures and leakages following the surgery.
Key Note’s Cosmetic Surgery Market Report also included a consumer survey, which found that half of the respondents (50.1%) were against cosmetic surgery or non-surgical procedures in principle and said that they would never consider it, while an additional 14.1% said that they would consider having cosmetic surgery or procedures but felt that the cost was prohibitive. ?