Americans spent a whopping $16 billion in 2016 for cosmetic plastic surgeries including breast augmentation, liposuction, nose reshaping, tummy tuck and buttock augmentation, a new study has shown.
The immense spending on cosmetic plastic surgery across the US has been increasing over the last few years with costs declining for some surgeries while increasing for others. The cosmetic plastic surgery market in the US stood at $16 billion in 2016 and according to market analysts, it is bound to increase to up to $20 billion over the next couple of years.
If we look at a recent report published by American Society of Plastic Surgeons (ASPS), breast augmentation was the most popular cosmetic surgical procedures with 290,467 procedures procedures performed in 2016 at a national average cost of $3,719. Liposuction was the second most popular cosmetic plastic surgery with 235,237 procedures performed at a national average cost of $3,200.
Finishing the top 5 list of most popular cosmetic surgery are nose reshaping at third with 223,018 procedures performed, tummy tuck at fourth with 127,633 procedures performed and buttock augmentation at fifth with 18,489 procedures performed.
The popular minimally-invasive cosmetic procedures were Wrinkle treatment injections, Hyaluronic acid fillers, Chemical peel, Microdermabrasion, and Laser treatments.
The report also details the increase and decrease in the prices of various surgeries. The report notes that the national average cost of breast augmentation surgery decreased 2.7 per cent from 2015. The cost for liposuction increased 6.1 per cent and nose reshaping increased 5.6 per cent. Botulinum toxin type A injections increased by less than 1 per cent from 2015, while hyaluronic acid costs increased 5 per cent and chemical peels increased 5.7 per cent compared to 2015.
Cost factors for most cosmetic surgeries include the type of surgery chosen, location of surgery, surgeon’s experience and insurance coverage. Fees generally do not include anesthesia, operating room facilities or other related expenses.