Growth in post-recession disposable income and an expanding number of options in the demand for aesthetics are driving procedures at double digit levels. Simultaneously, skill sets and technologies have proliferated in support of the field of reconstructive medicine, tasked with restoring anatomic structure and/or appearance following trauma or disease. Consequently, a $6.5 billion global market in 2013 will nearly double in the next five years, according to a report by MedMarket Diligence, LLC.
PRLog - Oct. 31, 2013 - MISSION VIEJO, Calif. -- The field of "plastic surgery" has moved from the prerogative of the wealthy seeking to stave off the ravages of aging to a more mainstream set of affordable options for the middle class seeking to compensate for inherited but unwelcome facial or body contours, to reverse unwelcome changes to the body caused by childbirth, or even simply to take advantage of the reduced costs associated with enhancing appearances.
On a parallel front is the growth in the capabilities of surgeons and other clinicians to apply new technologies that dramatically improve the restoration of patients' anatomies following trauma and disease.
"The field of aesthetic and reproductive medicine, comprised of both surgical and non-surgical procedures to enhance or restore appearance, whether afforded by insurance or the growing disposable incomes, has become a billion dollar global market -- in products alone, not including services -- in excess of $6 billion in 2013 and growing to over $10 billion in the next five years," says Patrick Driscoll, President of MedMarket Diligence. "A dizzying number of medical and surgical procedures is available to patients, many of which require the use of fillers, implants, or other medical products to achieve the desired aesthetic/reconstructive goals," says Driscoll.
The MedMarket Diligence report, "Global Markets for Products and Technologies in Aesthetic and Reconstructive Surgery, 2013-2018", details the status and opportunities for technologies, applications and markets in aesthetic and reconstructive surgeries and other medical procedures. Specifically, the report details worldwide the aesthetic and/or reconstructive clinical basis of currently offered medical or surgical procedures, the current worldwide patient caseloads and their projected growth rates, the products on the market and in development, the manufacturers offering or developing them and their anticipated market introduction dates, for those procedures that use them now or in the future. The report presents, from 2013 to 2018, the annual dollar volume sales of products segmented by each type in the U.S., Latin America, Europe and Asia/Pacific. The report profiles o 47 companies active in selling and/or developing products in this area, these profiles including the companies' technology platform(s), the markets in which they currently compete not limited to aesthetic/reconstructive markets, and their current activities.
The report provides a thorough overview of the various procedures in plastic surgery, the U.S. and global market for each such procedure in the year 2012, the opportunities for the procedures in future, the obvious shift from surgical plastic surgery procedures to non-invasive procedures and the devices used in plastic surgery. As plastic surgery focuses on the improvement of physical features of individuals, the report also discusses in detail the cosmetic dentistry procedures, hair restoration procedures and developments in cosmeceutical industry. Moreover, the report provides data on the available plastic surgery procedures in some of the developing countries which are relatively low-priced. This study also emphasizes companies that are actively developing and marketing therapeutics and devices used in plastic surgery, cosmetic dentistry and hair restoration procedures. A section of this report provides information on medical tourism, the top ten medical tourism destinations around the globe and the cost of cosmetic surgery procedures in these host countries. The report also offers profiles of companies with specific emphasis on their products used in plastic surgery, beauty cosmetics, dental procedures etc.
For more details, see http://www.mediligence.com/rpt/rpt-s710.htm.
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Strong Growth in Technologies for Aesthetic & Reconstructive Medicine; MedMarket Diligence Report
October 31, 2013 at 17:09 PM EDT
