The Business of Looking Good: The Plastic Surgery Industry on an Upswing
- Plastic surgery industry
- popularity and cost of plastic surgeries
- The Plastic Surgery industry is currently worth over $20 billion and is set to rise to over $27 billion by 2019
To cut it short
In an era when everyone expects you to be an anime princess right from the job resumes to marriage proposals to social networking websites, the desire to look and feel good is certainly on a high.
While most of us would consider plastic surgery as a medical procedure, we certainly fail to realize that the nip, tuck and lift is nothing but a source of making big fat money which started some 100 years back to improve the faces of soldiers destructed during a war. However, the bitter truth is doctors today encourage patients to get under the knife for simplest procedures just to earn that big buck!
Let’s take a look at some numbers. The US is the largest market globally with almost 4 million people opting for cosmetic procedures, Brazil follows next on the list with more than 2 million procedures. Europe holds a major share of plastic surgery market while in South Asia — China, Korea and India are expected to be the fastest growing plastic surgery markets. Dubai, Jordan and Lebanon are also showing signs of cosmetic growth with an influx of tourists visiting these nations for cosmetic procedures.
It is noted that breast augmentation is the most popular cosmetic practice in the world followed by nose jobs, liposuction, eyelid surgeries and face lifts.
Here’s a quick look at the average cost of these procedures:
Breast augmentation: $5,000-$10,000
Nose reshaping: $3,000-$12,000
Eyelid surgery: %1,500 – $7,000
Liposuction: $2,500 – $7,500
Face lift: $7,000 – $13,000
It is also observed that men just like the women are also becoming increasingly conscious of their looks thereby seeking cosmetic procedures. Well, it’s all about gender equality after all!
Tell us what you think of the plastic surgery business in the comments below.