Two attractive opportunities in the cosmetic surgery sector

People have long dreamed of remaining young and beautiful, but today's ageing Westeners are the first to be armed with the money and technology to have a real stab and doing so. And increased demand means a growing market for those developing treatments.

Not so long ago, most people associated cosmetic surgery with images of Michael Jackson's ever-changing face. But with operations becoming cheaper, quicker and safer, cosmetic surgery has crept out of the realm of the weird, rich and famous and onto the radar of the everyday consumer. The global market is now worth $20bn, with the number of procedures in the US growing by 15% a year, says the American Society for Aesthetic Plastic Surgery. Over here, the British Association of Aesthetic Plastic Surgeons (BAAPS) saw a 31% rise in cosmetic surgery in the last year alone fuelled largely by demand for liposuction amongst women in Wales, Europe's second most obese country.

Cosmetic surgery boom: reasons for growing demand

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.