China’s plastic surgery industry set to become the world’s 3rd largest
In China the cosmetic surgery industry is set to be valued at a massive 400 billion yuan (£41.09 billion) by the end of 2015, with the figure anticipated to double to 800 billion yuan (£83.8 billion) by 2019.
If the industries growth continues as anticipated, China will be the world’s third largest market by 2019, only exceeded by the United States and Brazil, according to the latest industry trend report.
The report which has been released by the China Association of Plastics and Aesthetics, found that more than seven million Chinese people, mostly women, went under the knife in the name of beauty last year. Roughly 60,000 of them chose to go to South Korea.
Ten percent more foreigners have come to China for plastic surgery year-on-year for the past five years, although a great number of Chinese also travelled abroad, mostly to South Korea, the report found.
In the past decade, the industry has increased in China by 30 percent each year on average, said the report. The most popular procedures include those on the eyes and nose, such as double eyelid surgery and nasal bridge augmentation, breast enhancements and liposuction.
Worldwide, breast enlargement is the most popular procedure, but not in China.
For instance, the US records 300,000 breast enhancements each year while in China 50,000 to 100,000 are performed, according to Du Xiaoyan, vice-secretary general of the association.
China now has more than 10,000 plastic surgery clinics and the number is increasing by 30 percent each year, said the report.