Cosmetic Surgery ProductsFreedonia Group Inc
December 1, 2010
283 Pages - SKU: FG6052372
Additional InformationPRESS RELEASE
US Demand for Cosmetic Surgery Products to Reach $2.6 Billion in 2014
US demand for cosmetic surgery products is expected to advance 7.4 percent annually to $2.6 billion in 2014, based on a return to growth in cosmetic procedures following two weak recessionary years. Nearly 16 million cosmetic procedures are expected to be performed in 2014 as America’s obsession with youth continues and new non-invasive procedures are introduced. These and other trends are presented in Cosmetic Surgery Products, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Injectables will remain the largest and the fastest growing segment of cosmetic surgery products, with annual demand gains of 9.4 percent through 2014. Products such as BOTOX COSMETIC (Allergan) have been essentially synonymous with the procedures since their introduction, and will continue to lead growth going forward. The first direct competition to BOTOX emerged in 2009 with the Food and Drug Administration (FDA)’s approval of DYSPORT (Medicis Pharmaceutical), which will help to reshape the injectables market. Additionally, fast growth in demand for newer product types -- such as calcium hydroxylapatite and polymethylmethacrylate microspheres -- will further add to gains.
Demand for equipment for cosmetic surgery procedures suffered significantly during the recession as demand fell for invasive surgical procedures such as liposuction. Rising demand for laser-based procedures will help to improve equipment demand performance going forward, as will the 2010 introductions of the first non-invasive liposuction procedures, which will require all new equipment for any providers wishing to offer these services.
Demand for implants will continue to see healthy growth, although it will be below the overall average pace through 2014. However, disparate performance expectations for breast implants compared to other body and facial implants skew the larger picture; silicone breast implants will see gains of 9.5 percent per year, while saline breast implants, and lip, chin and cheek implants will all see drops in demand.
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