PARIS | Thu Jan 31, 2013 (Reuters) According to a report by IMCAS, a French-based forum for plastic surgeons and dermatologists, it is estimated that the global market for cosmetic procedures will grow 10 percent in 2013 based on numbers from last year.
Non-invasive treatments like lasers and dermal injectables and surgical procedures such as liposuction and breast augmentations are expected to reach over $6 billion this year.
The strongest growth market this year is expected to be Asia with a strong demand for eyelid and nose surgery procedures increasng by 14 percent.
The European market is expected to grow 6.6 percent in 2013 as the over-fifties seeks anti-aging treatments despite the shrinking discretionary spending by this age group.
Several key speakers were from the United States including Dr. Steve Dayan from Chicago, Il.; Dr. Gary Monheit, a dermatologist from Birmingham, Al., and Dr. Foad Nahai, a plastic surgeon from Atlanta, GA.
The following is a question and response from an interview with Dr. Nahai:
"What did we learn from the PIP crisis? How does it now impact our recommendations and how can we prevent that type of crisis in the future?
We learnt that not all manufacturers are ethical! We learnt that government regulations should become far more strict. This crisis can and should have been prevented through tighter inspections on behalf of the authorities. The crisis has led to public concerns over product safety. The trust can only be regained through patient education campaigns and government assurances of product safety."
[PIP is Poly Implant Prothese. These implants used unauthorized silicone filler.]
Plastic and cosmetic surgeons all across the United States welcome a 10 percent increase in business. Let's hope for an even larger increase as the baby boomers here seek anti-aging treatments.