South Africans are boosting their spending on cosmetic surgery and non-surgical procedures, and the latest market research indicates that this trend is set to continue.
The country’s cosmetic procedures market is expected to generate South African Rand ZAR94.15m (US$7.1m) by 2024, reflecting a 5.8% annual growth rate from the ZAR61m ($4.6m) spent in 2016, according to US-based market research and consulting company Grand View Research. Its report entitled Cosmetic Surgery and Procedure Market Analysis by type (Surgical, Nonsurgical), Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) and Segment Forecasts 2014-2025, released in July 2017, notes that South Africa will be a small but growing part of the global cosmetic surgery market, which it predicts will be worth $43.9bn by 2025.
Men are less embarrassed than women about openly addressing their cellulite issues and sculpturing their bodies
Sue Moody, owner and franchisee, The Firm Slimming and Health Clinic, DurbanIntervention investment
Value equivalent to US.1m.
Source: Grand View Research
Further figures from the International Society of Aesthetic Plastic Surgery (ISAPS) confirm that South Africans are investing in
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