United States, Rockville MD, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Rising Demand For Breast Augmentation, Eyelid Surgery, Breast Lift, And Butt Lift Is Expected To Drive The Growth Of The Cosmetic Surgeries Segment Over The Years To Come.
As per a new Fact.MR analysis, the global plastic surgery instruments market enjoys a valuation of US$ 952 million at present and is anticipated to climb to US$ 1.27 billion by the end of 2026. Worldwide sales of plastic surgery instruments are predicted to surge at a CAGR of 7.4% across the forecast period (2022-2026).
The demand for cosmetic procedures is growing globally due to women, and they accounted for more than 86% of cosmetic patients. Cosmetic surgery focuses on body enhancement, whereas plastic surgery reconstructs damaged tissues caused due to burns or trauma. The most common procedures performed on women are breast augmentation (silicone implants), liposuction, eyelid surgery, abdominoplasty, and breast lift.
The rise in the number of minimally invasive cosmetic procedures that involve the usage of newer technologies, such as laser to remove the outer layer of the skin, is another driver. Laser surgery helps ameliorate fine lines, wrinkles, crow’s feet, and forehead creasing. Furthermore, eyelift surgery is one of the most commonly requested procedures, both by women and men.
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Key Takeaways:
- The North America plastic surgery instruments market is projected to be the most rewarding market for manufacturers of plastic surgery instruments owing to high consumer spending potential and favorable reimbursement policies.
- The market for plastic surgery instruments in Canada is anticipated to evolve at a CAGR of around 6.1% across the forecast period.
- The United States plastic surgery instruments market currently enjoys a value of US$ 340 million and is projected to be the leading market in this region through 2026.
- Germany is expected to be a key market in Europe and is projected to witness an increase in demand for plastic surgery instruments at a CAGR of 7% through 2026.
- The Japan plastic surgery instruments market is slated to witness evolution at a CAGR of 5.7% over the next four years. Other notable markets in the Asia Pacific region are India, China, South Korea, and Indonesia.
- The market for plastic surgery instruments in China is set to expand at an impressive CAGR of 9% over the next four years to attain a US$ 130 million valuation by the end of 2026.
The growing aging population and advancements in plastic surgery are expected to significantly influence plastic surgery instruments market potential in Europe over the years to come. Moreover, increasing investments in healthcare infrastructure development are also expected to act in favor of the plastic surgery instruments industry.
This latest plastic surgery instruments industry survey by Fact.MR, a market research and competitive intelligence provider, delves deeper into the regional and country-wise analysis of the market and provides a compressive assessment of current and forecasted trends.
Growing investments in the development of healthcare infrastructure and the rising availability of cosmetic and reconstructive surgeries are other factors that drive shipments of plastic surgery instruments in the country.
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Target Audience for this Report:
- Plastic surgery instrument manufacturers
- Plastic surgery instrument distributors
- Hospitals
- Research and consulting firms
- Venture capitalists
- Regulatory bodies
- Academic centers
- Teaching hospitals and academic medical centers (AMCs)
- Contract research organizations (CROs)
COVID-19 scenario analysis:
- To take care of the infected population the demand for medical supplies is increasing. Respiratory support devices, such as atomizer, life-support machine, oxygen generator, and monitor, are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment, including masks, gloves, and protective eyeglasses.
- With rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising both from healthcare professionals and civil populations for precautionary measures.
- Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.
- Attributed to such factors, COVID 19 is expected to have a significant impact on the micro syringes market.
Competitive Landscape
Plastic surgery equipment suppliers are anticipated to focus on developing new minimally invasive surgical instruments that are expected to be popular over the coming years.
- In January 2020, Alma Lasers, a leading medical aesthetic device provider, announced the launch of its new product used for skin remodeling and resurfacing. ClearSkin PRO is a non-ablative erbium applicator.
Key Segments of Plastic Surgery Instruments Industry Research
- By Type :
- Handheld Instruments
- Forceps
- Scissors
- Retractors
- Others
- Electrosurgical Instruments
- Bipolar Instruments
- Monopolar Instruments
- Other Instruments
- Handheld Instruments
- By Procedure :
- Cosmetic Surgeries
- Reconstructive Surgeries
- By End User :
- Hospitals
- Dermatology Clinics
- Other End Users
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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The objectives of this study are as follows:
- To define, describe, and forecast the global plastic surgery instruments market on the basis of type, procedure, end user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders
- To forecast the size of the market with respect to five regions: North America, Europe, Asia, and the Rest of the World (RoW)
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
- To track and analyze competitive developments in the plastic surgery instruments market, such as partnerships, expansions, and R&D activities
Questions answered in the plastic surgery instruments market research report:
- Which are the leading market players active in the plastic surgery instruments market?
- What are the current trends that will influence the plastic surgery instruments market in the next few years?
- What are the driving factors, restraints, and opportunities of the plastic surgery instruments market?
- What are the projections for the future that would help in taking further strategic steps?
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