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Technology Breakthroughs in Aesthetic Procedures (Technical Insights)

  • December 2013
  • 64 pages
  • Frost & Sullivan
Report ID: 1939375

Summary

Table of Contents

Advancements in laser technology to significantly increase non-invasive aesthetic procedures

Aesthetic procedures though cost intensive in nature, has experienced increased growth over the past decade. Companies have and are coming up in this space with all-inclusive vacation cum procedure packages which are alluring patients to undergo such procedures. Since such procedures are not covered by health insurance, price is the major selling point of such cosmetic surgery “tourism”. Although there are many skilled and qualified physicians practicing all over world, various cosmetic surgery organisations have sent out cautions that it may be difficult to assess the training and credentials of surgeons outside of the United States.

Research Scope

Aesthetic procedures or cosmetic surgery, though cost intensive, has experienced increased growth over the past decade. Numerous companies have and are coming up in this space with all-inclusive vacation cum procedure packages which are alluring patients with higher disposable income to undergo such procedures. Since such procedures are not covered by health insurance, price is the major selling point of such cosmetic surgery “tourism”. Although there are many skilled and qualified physicians practicing all over world, various cosmetic surgery organisations have sent out cautions that it may be difficult to assess the training and credentials of surgeons outside of the United States. Patients at times may take unnecessary risks, by selecting inappropriate procedures performed in non-accredited surgical facilities.

In terms of technology, advancements in laser technology have significantly raised the number of aesthetic procedures performed using this technology. Some of the benefits of the technology is that it requires smaller incision for the procedures thereby causing less pain and discomfort to the patient. Consequently patient recovery time is faster. Rapid technological developments in the field of lasers have led to the development of safe and efficient alternatives for treating several skin related issues. With patients gradually shifting from more complicated and time consuming invasive procedures to minimally invasive and non-invasive procedures, surgical lasers have turned out to be the most preferred choice for aesthetic applications.

Surgical lasers are especially well suited for non-invasive aesthetic procedures such as hair removal and skin rejuvenation. Though laser is the most preferred choice for non-invasive methods of body contouring and fat reduction, other advanced technologies such as transdermal focused ultrasound, monopolar RF, high intensity focused ultrasound (HIFU), and cryolipolysis are also used for aesthetic procedures.

The research service titled “Technology Breakthroughs in Aesthetic Procedures” profiles emerging developments in the field of aesthetic procedures and practices by plastic surgeons and doctors worldwide. In brief this research service provides:
• A detailed description of fat reduction/body contouring therapies, skin care/rejuvenation techniques and dermal filler/injectable products available worldwide.
• An overview of the value chain networks existing in this domain.
• A sneak preview of the market impact of key innovations in this domain.
• A brief snapshot on the key business accelerators and challenges in the aesthetic procedure industry.
• A brief snapshot on the demands from the end-user side.

Methodology

Primary Research
• Engineers
• CTOs/CEOs/CIOs
• Technical Architects
• Research Heads
• Strategic Decision Makers
• Technology Policy Heads

Secondary Research
• Technology Journals
• Periodicals
• Market Research Service
• Technology Policy Information Sites
• Internal Databases
• Thought Leader Briefings

Research Methodology

To provide a thorough analysis of each topic, Technical Insights’ analysts perform a review of patents to become familiar with the major developers and commercial participants and their processes. Building on the patent search, the analysts review abstracts to identify key scientific and technical papers that provide insights into key industry participants and the technical processes, on which they work.
The analysts then create a detailed questionnaire with content created to address the research objectives of the study, which functions as a guide during the interview process. While the analysts use structured questionnaires to guarantee coverage of all the desired issues, they also conduct interviews in a conversational style. This approach results in a more thorough exchange of views with the respondents and offers greater insight into the relevant issues than more structured interviews may provide.
The analysts conduct primary research with the key industry participants and technology developers to obtain the required content. Interviews are completed with sources located across the world, in universities, national laboratories, governmental and regulatory bodies, trade associations, and end-user companies, among other key organizations.
Our analysts contact the major commercial participants to find out about the advantages and disadvantages of processes and the drivers and challenges behind technologies and applications. Our analysts talk to the principal developers, researchers, engineers, business developers, analysts, strategic planners, and marketing experts, among other professionals.
The project management and research team reviews and analyzes the research data that are gathered and adds its recommendations to the draft of the final study. Having conducted both published studies and custom proprietary research covering many types of new and emerging technology activities as well as worldwide industry analysis, the management and research team adds its perspective and experience to provide an accurate and timely analysis.
The analysts then prepare a written final study for each project and sometimes present key findings in briefings to clients.

Key Findings

Cosmetic surgery is basically an elective, non-essential procedure. Therefore, the main markets for this type of a procedure tend to mostly be the developed countries having a well-established socio-economic class. Over the last decades, there has been a shift in aesthetic procedure trends with minimally invasive, in-office procedures being more preferred by patients.
Surveys carried out by different organisations have revealed interesting trends in preferences of aesthetic procedures For example, the United States of America (USA) unsurprisingly ranked first among countries performing breast augmentations, while three Asian countries–China, Japan, and South Korea–ranked in the top-five countries performing rhinoplasties.
Medical tourism is growing at an explosive pace throughout the world for various surgical procedures and aesthetic procedures for cosmetic appeal have been the latest addition to this list. This market seems to be growing each year due to the rise in charges for all procedures in the United States and the growing waiting lines in UK and Canada.
The major centres for medical tourism are Thailand and India. Argentina also ranks high for plastic surgery procedures, while Hungary draws large number of patients from Western Europe and the United States for cosmetic procedures that cost half of what patients pay in Germany or in the United States. South Korea has the highest ratio of cosmetic surgeons in the world, and Brazil has the highest number of cosmetic procedures being performed.
Newer treatments options are expanding the clinical application focus of procedures, which are targeting other areas of the body apart from the face. With the aging baby boomers population, more patients are seeking body contouring and body rejuvenation procedures through nonsurgical treatment options that utilize ultrasound or cold energy.

Technology Capability - Snapshot

The aesthetics procedure market can be broadly segmented into surgical and non-surgical procedures depending on their degree of invasiveness. In the last decade, non-surgical procedures have dramatically outpaced more traditional cosmetic surgery. Non-surgical procedures are now more in demand than more traditional surgical procedures. Currently aesthetic procedures are heavily driven by technology advances made in laser-based devices. Procedures performed with laser devices are either less invasive or completely non-invasive.
Aesthetic procedures can be categorized based on their application as follows: body contouring/fat reduction, skin care and dental aesthetics. Skin care can be further sub- categorized as skin regeneration and dermal fillers. The chart below shows the segmentations for aesthetic procedures based on their application type.

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