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Plastic Surgery Devices Market

Plastic Surgery Devices Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Medical Devices | Author Name: Sayali

Growing awareness of one’s appearance and rise in popularity of cosmetic surgeries has boosted the demand for the global plastic surgery devices market. Certain reconstructive surgeries that improve functionality for patients with traumatic injuries have improved the sales in the market. Furthermore, aesthetic procedures such as breast augmentation, liposuction, buttock augmentation, and facial cosmetic surgeries are driving the market for plastic surgery devices.  The global plastic surgery devices market is expected to reach a valuation of US$1.5 Bn in 2022 and anticipated to be worth US$22 Bn by 2028, exhibiting a CAGR of 10.5% during the forecast period.

Aspiration for Looking Younger Drives Sales in Global Plastic Surgery Devices Market

Rise in demand for cosmetic surgeries coupled with the aspiration for younger looks has created an upward trend for plastic surgeries thus prompting the global plastic surgeries devices market. Until two decades ago, cosmetic surgeries were limited and helpful for patients with accidents, severe trauma, and burn injuries. However, lately there has been an upsurge in demand to enhance the aesthetic appeal through rectification procedures such as liposuction, breast augmentation, philtrum (lip lift), rhinoplasty (nose reshaping surgery), and abdominoplasty. Growing number of celebrities opting for these procedures has triggered a trend amongst fans and followers as well, which is the predominant undercurrent in the plastic surgery devices market.

The plastic surgery devices market can be primarily classified by type of instruments which includes electrosurgical instruments, handheld instruments, and other plastic surgery instruments. The handheld instruments accounted to have the largest market share in 2021 and is expected to have a healthy growth during the forecast period. Although, the market for electrosurgical procedures is expected drive the market growth owing to ease of use. Based on type of procedures the cosmetic surgeries segment is expected to foresee the highest growth as compared to reconstructive surgeries. Growing craze to look better amongst the youngsters is expected to boost the cosmetic surgery devices market.

Technological Advancements in Biomaterials Drive Plastic Surgery Devices Market Growth

Technological advancements in biomaterials for artificial skin grafting with collagen, gelatin, fibrin, polylactic glycolic acid is triggering growth of this market. In addition, artificial intelligence in medical imaging has also aided in overall growth of plastic surgery devices market. Growing incidence of skin cancers including melanoma and non-melanoma has augmented the demand for cosmetologists performing plastic surgeries. However, stringent norms and regulations for cosmetic procedures has triggered the market for cosmetic surgery tourism to low cost and regulatory friendly countries.

Large Number of Partnerships, Mergers, Collaborations, and Acquisitions Propels Market Growth

There have numerous acquisitions and collaborations amongst the leading players and start up organizations with huge potential products or pipeline drugs. Recently in January 2021, Integra Lifesciences completed its acquisition of ACell Inc., through this acquisition Integra will get access to the company’s proprietary MatriStem UBM technology. This technology has been proved to be efficient in treatment of Wound matrix and surgical wound healing. Similarly, Allergan Anesthetics (AbbVie Inc. Company) acquired an Israel based company named Luminera. Luminera holds a strong profile and pipeline for dermal fillers. This acquisition provides access to Allergan Anesthetics a whole array of dermal filler portfolio along with R&D pipeline, this will help the company to fortify its existing product portfolio with its in house Juvederm dermal filler products. Luminera’s key potential derma filler product named HArmonyCa useful for facial soft tissue augmentation in combination with hyaluronic acid with inserted calcium hydroxyapatite (CaHA) microspheres is expected drive the revenues in future. Currently this product is only available in Brazil and Israel.

North America to Dominate Plastic Surgeries Devices Market

North America is the largest market for Plastic Surgery Devices of which US accounted for the lion’s share in this region. Availability of reputable plastic surgeons, post procedural service care, availability of the world class infrastructure, inspiring personalities from Hollywood, and favorable private insurance policies has prompted the growth of US plastic surgery devices market. According to the American Society of Plastic Surgeons’ statistical report, nose shaping (352, 555) was reported to be one of the top procedures conducted in the US followed by eyelid surgeries (325,112), facelift (234,374), liposuction (211,067) and breast augmentation (193,073) in 2020. However, rise in disposable income coupled with growing cosmetic procedural awareness is expected to drive the Asian market during the forecast period. Moreover, ushering medical tourism will drive the demand for plastic surgical devices. Lack of reimbursement, high costs of the procedures are some of the factors that will impact the Asian market growth. In addition, failure of follow-ups visits for such procedures will mar the market growth in long term.

Global Plastic Surgery Devices Market: Key Players

Mergers and acquisitions and manufacturing expansions in developing countries would be the some of the major strategies embraced by the leading players. The major players of this market include KLS Martin Group, AbbVie Inc. (Allergan), Integra Life Sciences, BMT Medizintechnik GmbH, Biomet, Karl Storz, Bolton Surgical, B. Braun Melsungen AG, and Blink Medical.

Global Plastic Surgery Devices Market is Segmented as Below:

Plastic Surgery Devices Market, by Type

  • Handheld Instruments
    • Forceps
    • Scissors 
    • Needle Holders
    • Retractors
    • Other Handheld Instruments
  • Electrosurgical Instruments
    • Bipolar Instruments
    • Monopolar Instruments
  • Other Plastic Surgery Instruments

Plastic Surgery Devices Market, by Procedure

  • Cosmetic Surgery
    • Breast Procedures
    • Face and Head Cosmetic Procedures
    • Body and Extremities Cosmetic Procedures
  • Reconstructive Surgery
    • Breast Reconstruction Surgery
    • Congenital Deformity Correction
    • Tumor Removal
    • Other Reconstructive Surgeries

Plastic Surgery Devices Market, by End User

  • Hospitals
  • Other End Users

Plastic Surgery Devices Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • RoE
  • Asia
    • Japan
    • China
    • India
    • RoA
  • Rest of the World (RoW)

Key Elements Included In The Study: Global Plastic Surgery Devices Market

  • Plastic Surgery Devices Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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