According to Cosmetic Surgery Times, the market for cosmetic surgery is expected to double in size by 2017. The market, which consists of cosmetic surgery, lasers and facial aesthetics, is predicted to exceed $3 billion over the next seven years. The data for the prediction comes from iData Research, a Vancouver-based pharmaceutical market research firm.
According to the report, the market for wrinkle-reducing injections like Botox Cosmetic is expected to grow to approximately $543 million by 2017. The report also predicts that aesthetic light and laser therapy, as well as laser liposuction, will be the fastest-growing cosmetic segments.
There is no doubt that the aesthetic market has already grown quite a bit over the past few years. As technology advances, new and more effective procedures and drugs are put on the market. I guess we’ll just have to wait seven years to see if these predictions come true!