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Less invasive procedures will continue to drive the cosmetic surgery market during the next decade, according to the American Society of Plastic Surgeons (ASPS); however, that popularity may bring with it safety concerns. According to the group, a total of 55 million cosmetics surgery procedures will be performed in 2015, four times as many as occurred in 2005.
Botox, fillers and lasers lead the way
Laser-related procedures, cosmetics fillers and injectable toxins such as Botox will be driving this growth, according to data from the ASPS. Between 1992 and 2005 the number of nonsurgical procedures grew annually by 27.9% in comparison to a CAGR of 7.5% for the surgical procedures, and the ASPS believe that this trend will continue.
Similar results from the American Society of Dermatologic Surgery (ASDS) back up this hypothesis and suggest that nonsurgical procedures will weather economic struggles better than their surgical counterparts.
According to the survey consistent growth--ranging from 28-40% increases--has been seen in laser related procedures, cosmetic fillers and injections such as Botox during the last six months, despite an economic slowdown.