The Indian cosmetic or aesthetic surgery market in India is growing at a tremendous rate on the back of rapid growth of the economy, rising disposable income, growth of the medical tourism industry and above all the passion to look young and beautiful coupled with willingness to spend on cosmetic procedures. The medical industry in India is supporting the growth of the cosmetic surgery market with its well equipped and advanced infrastructure and qualified surgeons for providing best treatment to the patients. The cosmetic surgeons are also increasing in number with the growth in demand for both invasive and non-invasive procedures.
The rapid growth and rising disposable income have created a new class of consumers with more money to spend on cosmetic surgical procedure to have perfect looks and body. Indian cosmetic surgery market is expected to grow at a faster face in years to come, especially on the back of rising disposable income. Per capita disposable income has grown at a CAGR of 7% over the period of FY2004 to FY2010, according to CMIE (Centre for Monitoring Indian Economy).
Also, the Indian wedding market is also considered to be one of the key factors in driving cosmetic surgery with arranged marriages often having a strong emphasis on physical beauty. Further, growth in medical tourism has also facilitated the growth of the Indian cosmetic surgery market.
The report titled “Indian Aesthetic (Cosmetic) Surgery Market: 2011 Edition” is aimed at providing a basic understanding of the Indian cosmetic surgery market. The report analyzes the factors driving growth of the industry, the major trends in the industry and also the functioning of the main players/cosmetic surgery clinics/hospitals. The report assesses both the invasive and non-invasive procedures – their individual growth and the demand for the major invasive and non-invasive procedures. The report also profiles the major hospitals and private clinics, with a brief discussion of their establishment, recent developments and major surgical procedures.
Further, we have predicted the future growth of the Indian cosmetic surgery market and its major segments - invasive and non-invasive surgery market by combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings. We employed various significant variables that have an impact on this industry and created regression models with SPSS to determine the future direction of the industry.