Global Cosmetic Surgery Market size is projected to reach USD 21.97 billion and would grow at a CAGR of approximately 7.8% throughout the forecast period (2017-2023). (https://www.marketresearchfuture.com)
Indian cosmetic surgery market is expected to witness remarkable growth in the coming years. The reason being increasing customer awareness, marketing activities and advertising campaigns and technological advances in surgical and non-surgical procedures, resulting in high growth of cosmetic surgery market in India.
Major growth drivers for the Indian market include affordability, the desire of the people to look good, acceptance of the society towards aesthetic procedures, an increase in the number of available certified service providers, lower procedure costs and application over a large patient population group. Restraints include lack of skilled personnel to perform procedures, lack of affinity to undergo procedures and lack of awareness. Opportunities include a rapid influx of people in future for such procedures. Today, anti-ageing surgeries and cosmetic procedures are rapidly gaining popularity in India.
New Trends in Indian Aesthetics Surgery Market
With an increasing number of people going in for weight loss on their own or aided by bariatric surgery, deflation syndrome causing very loose skin has become very common. The procedures that have gained popularity are the ones that snip away excess skin, such as arm lifts, breast reductions and tummy tucks. Buttocks have also gained prominence among females with many of them wanting perky butts.
Due to the rising obesity epidemic, men are increasingly getting breast reductions. Dermabrasion, a type of skin polishing, has nearly doubled. Among other things, the procedure helps people get rid of acne scars.
Factors Driving Cosmetic Surgery Market:
- Social and Cultural factors which influence to appear beautiful and trendy.
- Health factors such as rise in obesity, accidents
- Technology Improvements
- Economic factors such as higher disposable income and falling cost of cosmetic surgeries
Top Destinations for Cosmetic Surgery in Indian Market
For International Customers top three destinations are Mumbai, Delhi and Bangalore taking 53% market share.
Within India majority of Cosmetic Surgeries are done in Mumbai, Delhi and Bangalore taking 40% market share.