Skin Excision Market (2022 - 2030)

Report Overview

The global skin excision market size was valued at USD 27.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. The increasing prevalence of obesity, rising geriatric population, and increasing aesthetic consciousness are key drivers responsible for market growth. Skin excision procedure has evolved over a short duration of time because of increasing demand for the procedure, rising disposable income, growing awareness and adoption of cosmetic procedures, technological advancement in the field, and availability of skilled surgeons and better facilities.

As Skin excision is a minimally invasive cosmetic treatment, the market witnessed setbacks in the initial quarters of 2020. However, the market for skin excision is expected to grow as the willingness to opt for cosmetic treatments for physical enhancement has increased significantly post-pandemic. Excess skin excision is a cosmetic surgical procedure usually performed to remove sagging excess skin in patients who have experienced extreme weight loss. This procedure can be performed on the abdomen, hips, thighs, or buttocks. It is an expensive procedure and requires good post-operative care. According to a New York Times article, the price to remove the excess skin from the upper arms, abdomen, and thighs can end up being around USD 20,000 in the year 2022.

Most clinics provide facilities and certified surgeons for the procedures. Obesity is on rising in most countries due to insufficient physical activity, consumption of processed food, anxiety, and depression. As per a survey conducted by World Obesity Federation Global Obesity Observatory, around 23.4% of adults are obese in India between the years 2019 - 2021. The U.S Brachioplasty segment is expected to witness a growth of 9.0% over the forecast period. People’s desire to match the social media standards, look attractive, and aesthetic is making them opt for surgeries. The increasing influence of social media has given rise to aesthetic consciousness among the population and this awareness has increased the demand for cosmetic treatments that deliver permanent results.

Research carried out to evaluate the influence of social media on the decision to undergo a cosmetic procedure in Saudi Arabia reported that 48.5% of the respondents reported being influenced by social media to consider undergoing cosmetic procedures and 51.4% of the respondents follow plastic surgeons on social media to keep themselves updated with their services. The Covid-19 pandemic severely affected the skin excision market as global restrictions and lockdown were imposed in most countries during the initial period. All elective surgeries were stopped and only trauma and emergency surgeries were given priority. Many hospitals and clinics experienced decreased patient demand due to lost wages and income concerns. The number of doctors visiting the hospitals was reduced as they had to visit the Covid Care Centers. Hospitals and clinics experienced staff shortages and some of the practitioners closed practice permanently.

According to the American Society’s Plastic Surgeons, the “Average length of time Board-Certified physicians reported they stopped performing surgical procedures in 2020 due to Covid-19 is 8.1 weeks.” However, the demand for cosmetic treatment surgery surged post-pandemic due to social media influence and more recovery time and flexibility to recover from surgical procedures because of reasons such as social distancing and working from home. According to The American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), more than 70% of its surgeons reported an increase in surgical procedure appointments and consultations during the later periods of the pandemic. The survey carried out by AAFPRS also stated that nine out of ten facial plastic surgeons indicated more than a 10% increase in bookings.

Procedure Type Insights

The mastopexy procedure segment held a lucrative revenue share of more than 37.6% in 2021. The segment is also anticipated to witness a healthy CAGR of 9.4% from 2022 to 2030. Mastopexy is a surgical procedure that lifts and reshapes sagging breasts by removing excess skin and tightening supporting tissues. The average cost of mastopexy is approximately between USD 10,000-14,000, plus anesthesia and operating room fees. According to the Plastic Surgery Statistics Report, 87,051 Mastopexy procedures were conducted in the year 2020. Predominantly females undergo this surgery due to breast ptosis. Age, higher BMI, weight gain during pregnancy, and lack of upper body exercise are some of the factors responsible for breast ptosis. The rising prevalence of weight and hormonal fluctuations, aging, heredity, and obesity are expected to increase the occurrence of sagging breasts. Increasing aesthetic appearance consciousness and body awareness is expected to drive the market.

End-use Insights

The clinics' segment dominated the market for skin excision and accounted for the largest revenue share of 68.6% in 2021. This dominion can be contributed to their less waiting period and better post-treatment care and facilities for these skin excision procedures. Clinics have board-certified specialist surgeons who provide personalized treatments to patients. For instance, according to the ISAPS report 2020, around 59.4% of surgeons perform Brachioplasty worldwide. Skin Excision procedure if not conducted properly has risks and side effects.

To avoid these side effects, it is necessary for a patient that the surgery is performed by a board-certified surgeon as they are experienced and trustworthy. Moreover, the skin excision procedure requires a longer period of recovery and many sessions to complete it. In the case of hospitals, the waiting period for getting appointments is high as compared to the clinics, and hence, clinics are expected to experience growth over the forecast period.

Regional Insights

North America dominated the market for skin excision and accounted for the largest revenue share of 41.6% in 2021. Expanding geriatric populace, and the rising prevalence of obesity due to poor dietary habits and sedentary lifestyles are the main considerations crediting to its bigger piece of the market. The region also has high awareness, technological advancement, and access to cosmetic surgery services with a strong range of disposable income thereby leading to high demand.

In the Asia Pacific, the market for skin excision is anticipated to witness significant growth over the forecast period owing to the rising population, growing awareness, and increasing healthcare facilities in this region. The developing countries in this region have expanded their healthcare facilities and people from this region are becoming very aware of these procedures because of medical tourism and increased use of the internet and social media. For instance, according to the ISAPS report, on average 5.2% of patients opt forend cosmetic surgical procedures in India.

Key Companies & Market Share Insights

The majority of the players are focused on gaining customers through effective marketing of their services, client retention, and the geographical expansion of the franchise. The majority of the service providers have a presence on social media which assists them in reaching out to potential customers and also showcases their service quality and clinic infrastructure. Some of the prominent players in the skin excision market include:

• Long Island Plastic Surgical Group, US

• Nazarian Plastic Surgery, US

• Charlotte: Piedmont Plastic Surgery & Dermatology, US

• Bella Sante MD Cosmetic and Laser Clinic, Canada

• American Hospital of Paris Plastic Surgery Unit, France

Skin Excision Market