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 invasive surgery, will continue to expand, but at a slightly slower pace than in recent years, as the market reaches maturity.
Market analyst, Key Note, forecasts that the cosmetic beauty market will grow 8.4% in value to reach £840m by the end of 2013.
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 well documented French PIP breast implant scandal.
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.