Cosmetic Surgery 2009 - Market Report

Executive Summary

The UK cosmetic surgery market experienced modest growth in 2008, a change from its previous remarkable year-on-year increases between 2004 and 2007. At the end of 2008, the estimated value of the total market (which includes figures for the non‑surgical sector) reached £536m — a rise of 8.7%. Between 2004 and 2008, all sectors performed strongly, and in 2008, non‑surgery increased by 19.8%.

There is an increasing level of diversity in the market, with traditional providers of surgical procedures becoming the minority as operators compete to offer other non‑surgical treatments, hair‑loss treatment, weight‑loss surgery, cosmetic dentistry and even cosmeceuticals. There is also a continued blurring between the traditional beauty salon and the medical environment traditionally associated with cosmetic surgery.

To a large degree, this diversity has resulted from the tremendous technological developments in non-surgery and the popularity of these with consumers who want to see effective results with much shorter recovery times. In 2008, there was rapid product development in injectable fillers and laser technology, both of which are now becoming more widely used and understood by consumers.

The demographics of the consumer base are altering as well. With tempting finance offers of 0% for 6 months, many less affluent consumers are using loans to finance their cosmetic surgery. Media interest in the market is still as keen and active as ever, as many consumers have an interest in stories about celebrity bodies. In addition, more men are opting for cosmetic procedures — in the US, the male market is moving faster than the female one, and this trend may also be emerging in the UK.

These factors all present challenges for the cosmetic surgery industry. While practitioners want much tighter restriction on how non-surgical treatment can be obtained and administered, the market is taking a bolder, more high‑profile stance in terms of promoting itself. There is now much more competition, and the need to advertise and actively encourage consumers towards treatment is a trend that looks set to continue. The industry is required to maintain close ties with the Government and ensure that tighter legislation comes into place that prevents illegal trading or irresponsible marketing, but, at the same time, it must recognise market conditions. If it can do this successfully, the market for cosmetic surgery and non‑surgery looks to have a healthy and durable future.

Foreword
Executive Summary
Market Definition
REPORT COVERAGE
MARKET SECTORS
Surgical Cosmetic Procedures
Non-Surgical Cosmetic Procedures
MARKET TRENDS
Aesthetic Industry Proves a Durable One
A Need to Look Good in Times of Crisis
Celebrities Promote the Industry
The Changing Shape and Face of the Aesthetic Industry
Marketing Takes a Bolder Stance
Technological Change is Still Driving Trends
Legislative Controversy
Male Interest Increasing
ECONOMIC TRENDS
Population
Gross Domestic Product
Inflation
Unemployment
Household Disposable Income
MARKET POSITION
The UK
Overseas
Market Size
THE TOTAL MARKET
By Volume
By Value
BY MARKET SECTOR
Face/Neck Area
Breast Area
Abdominal Area
Non-Surgical
OVERSEAS TRADE
Industry Background
RECENT HISTORY
NUMBER OF COMPANIES
EMPLOYMENT
REGIONAL VARIATIONS IN THE MARKETPLACE
DISTRIBUTION
HOW ROBUST IS THE MARKET?
LEGISLATION
Laser De-Regulation
Self-Regulation of Injectables
Regulatory Changes for Laser Lipolysis
KEY TRADE ASSOCIATIONS
The American Society for Aesthetic Plastic Surgery
The Association of Advanced Laser Body Sculpture
The British Association of Aesthetic Plastic Surgeons
British Association of Cosmetic Doctors
British Association of Plastic, Reconstructive and Aesthetic Surgeons
British Medical Association
European Association of Plastic Surgeons
The International Confederation for Plastic, Reconstructive and Aesthetic Surgery
Royal College of Physicians
The Royal College of Surgeons of England
Other Trade Associations
Competitor Analysis
THE MARKETPLACE
MARKET LEADERS
BMI Healthcare Ltd
The Harley Medical Centre Ltd
The Hospital Medical Group Ltd
The Hurlingham Clinic and Spa Ltd
Nuffield Health (formerly Nuffield Hospitals)
Spire Healthcare Ltd (formerly BUPA Hospitals Ltd)
Transform Medical Group (CS) Ltd
OTHER COMPANIES
NEW ENTRANTS
OUTSIDE SUPPLIERS
Collagen
Other Injectables
Breast Implants
Lasers
MARKETING ACTIVITY
Advertising Approaches
Main Media Advertising Expenditure
Exhibitions and Trade Shows
Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
Buying Behaviour
INTRODUCTION
SUMMARY OF RESULTS
Demographic Analysis
Current Issues
INTRODUCTION
CUT-PRICE COSMETIC SURGERY
PATIENT SAFETY VERSUS MARKET FORCES
COSMETIC SURGERY FOR ALL?
FINDING THE RIGHT BALANCE
The Global Market
TOTAL MARKET SIZE
[(c)THE US
US Trends
Forecasts
INTRODUCTION
General Economic Forecasts
FORECASTS TO
MARKET GROWTH
FUTURE TRENDS
A Rosy Future for Non-Surgery
Weight Loss Surgery Will Increase
Better Informed Consumers Will Benefit the Market
Surgical Market Under Pressure
Company Profiles
INTRODUCTION
DEFINITIONS
Turnover (Sales)
Pre-Tax Profits
Profit Margin
Average Remuneration
Sales per Employee
FURTHER INFORMATION
BMI HEALTHCARE LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
THE HARLEY MEDICAL CENTRE LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
SPIRE HEALTHCARE LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
TRANSFORM MEDICAL GROUP (CS) LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
Further Sources
Associations
Publications
General Sources
Government Publications
Other Sources
Key Note Sources
Key Note Research
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