USD 3.45 billion
Report ID: SQMIG35E2015 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 61 | Figures: 75
Blepharoplasty Market size was valued at USD 3.45 billion in 2021 and is poised to grow from USD 3.71 billion in 2022 to USD 7.2 billion by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).
Wrinkles and sagging skin around the eyelid are common signs of aging due to the skin's gradual loss of elasticity. Accordingly, the blepharoplasty market is being driven in part by the increasing proportion of the population that is over the age of 65 and the subsequent desire for minimally invasive surgical treatments.
Blepharoplasty is typically performed to improve the appearance and vision of the eyes by addressing sagging eyelids, drooping eyelids, and other eyelid abnormalities and deformities. Through blepharoplasty, extra fatty deposits can be eliminated, hence reducing eye puffiness. Consequently, the increasing prevalence of these disorders is driving demand for the blepharoplasty procedure, thereby driving the market throughout the analysis period.
US Blepharoplasty Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.45 billion
Upper Eyelid Surgery
Upper Eyelid Surgery
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The Global Blepharoplasty Market is segmented based on procedure type, end-user, and region. Based on procedure type, the market is segmented into upper eyelid surgery and lower eyelid surgery. Based on end-user, the Blepharoplasty Market is segmented into clinics and hospitals. Based on region, the global Blepharoplasty market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Blepharoplasty Market Analysis by Type
In 2021, upper eyelid surgery accounts for the largest market share of the global Blepharoplasty market and is expected to do so during the analysis period because of its growing demand as compared to lower eyelid surgery. Upper eyelid surgery gets rid of extra skin along the upper eyelids and tightens sagging skin to improve vision that was previously blocked. Some of the benefits of this surgery are a smoother forehead and a younger look. These are some of the major factors driving the demand for upper eyelid surgeries globally.
The lower eyelid surgery segment is also expected to register faster growth due to its benefits, over the forecast period. Lower eyelid surgery gets rid of fat, loose skin, and extra skin in the lower lids. It also gets rid of under-eye bags, dark circles, and lines and wrinkles on the eyelids. These are some of the key factors that are driving the demand for eye surgery procedures and driving the blepharoplasty market during the analysis period.
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In terms of market share, North America dominated the global blepharoplasty market in the year 2021. Due to the availability of enhanced facilities and the growing demand for cosmetic surgery among the millennial and elderly populations, the market for blepharoplasty is expanding. Moreover, the region's rapid adoption of innovative techniques and devices is driving the blepharoplasty market.
The Asia-Pacific region is predicted to have the fastest growth during the projection period. This can be attributed to an aging population, an increase in the desire for cosmetic surgery, and the growing popularity of blepharoplasty as a medical treatment. In addition, an increase in the number of patients undergoing eyelid surgery in countries such as South Korea and Japan, as well as the expansion of the sector in India and China, is anticipated to fuel growth throughout the projection period. The increasing frequency of blepharoplasty in China is primarily because of increasing disposable income, and the rising acceptability of cosmetic surgery. These are some of the major factors propelling the blepharoplasty market growth during the analysis period.
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Blepharoplasty Market Driver
Technological advancements in the field of blepharoplasty are expected to drive market growth.
Blepharoplasty Market Restraint
The high cost of performing blepharoplasty is a major restrain for the market growth.
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The Blepharoplasty market is relatively fragmented, with a high level of competition. Few large players, like Stanford Health Care, Luminera Derm Ltd., and IOPtima Ltd., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Blepharoplasty Market Top Player’s Company Profiles
Blepharoplasty Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global Blepharoplasty market is being driven in part by the increasing proportion of the population that is over the age of 65. The increasing prevalence of these disorders is driving demand for the procedure, thereby driving the market throughout the analysis period. Based on region, the global Blepharoplasty market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. North America is expected to dominate the global blepharoplasty market during the analysis period. The Asia-Pacific region is predicted to have the fastest growth during the projection period. Regional Insights
|Market size value in 2021||USD 3.45 billion|
|Market size value in 2030||USD 3.71 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Blepharoplasty Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Blepharoplasty Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Blepharoplasty Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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