Product ID: UCMIG35A2348
Report ID:
UCMIG35A2348 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for plastic surgery instruments had a value of USD 962.7 million in 2018 and is projected to grow at a compound annual growth rate (CAGR) of 8.8%. The market is being fueled primarily by the growing preference for minimally invasive and non-invasive procedures, which is being driven in turn by the aging population. Plastic surgery is used to improve the appearance of the body and restore the function of tissues in various areas such as craniomaxillofacial, skin, hand, breast, musculoskeletal, and torso. The advent of minimally invasive procedures has led to an increase in the number of surgeries performed annually. According to the American Society of Plastic Surgeons, 15.9 million minimally invasive cosmetic surgeries were carried out in the United States alone in 2015. Furthermore, the rising number of road accidents, along with the growing elderly population and increased healthcare expenditure in emerging economies, are expected to further drive the demand for plastic surgery procedures during the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35A2348