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 noninvasive procedures.
The 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 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.
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[Source: Benzinga]
