PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462928
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462928
Plastic Surgery Instruments Market size was valued at USD 1,545.5 Million in 2023, expanding at a CAGR of 7.9% from 2024 to 2032.
Plastic surgeries are conducted to restore tissue function and enhance the body's aesthetic appeal across various areas such as craniomaxillofacial, skin, hand, breast, musculoskeletal, and torso. The emergence of minimally invasive procedures has led to a surge in the number of surgeries performed annually. According to the American Society of Plastic Surgeons, there were 15.9 million minimally invasive cosmetic surgeries performed in the U.S. in 2015. Additionally, factors like the rise in road accidents, an aging population, and increased healthcare spending in emerging economies are expected to drive the demand for plastic surgeries in the foreseeable future, consequently boosting revenue generation.
Plastic Surgery Instruments Market- Market Dynamics
Growing awareness of cosmetic procedures globally to propel market demand
A significant driver of market growth is the growing awareness of cosmetic procedures globally. The demand for cosmetic enhancements is increasing worldwide, with cosmetic surgery catering to body improvement and plastic surgery addressing tissue reconstruction following burns or trauma. An article in the Journal of Clinical and Aesthetic Dermatology published in December 2021 highlighted the growing acceptance of cosmetic procedures in the Middle East, particularly in skin and nasal enhancements. This rising interest is anticipated to contribute to the expansion of the plastic surgery instruments market in the coming years. The adoption of minimally invasive techniques is positively impacting market revenue. For example, data from Aesthetic Society members utilizing the Aesthetic Neural Network (ANN) from January 1, 2021, to July 1, 2021, revealed that Americans spent over USD 8.7 billion on aesthetic plastic surgery and over USD 3 billion on nonsurgical aesthetic procedures. Furthermore, non-surgical liposuction, employing technologies such as lasers, heat, cooling, ultrasound, and radiofrequency to eliminate excess fat cells, is fueling demand for medical aesthetic devices. The International Society of Plastic Surgery (ISAPS) conducted a global survey on cosmetic procedures in 2020, revealing that approximately 85% of nonsurgical procedures were performed on women, with hair removal procedures constituting 12.8% of these, totaling 1,538,982 procedures. Thus, the uptake of hair removal procedures is expected to accelerate the growth trajectory of the studied market.
Plastic Surgery Instruments Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.9% over the forecast period (2024-2032)
Based on Product Type segmentation, handheld surgical was predicted to show maximum market share in the year 2023
Based on Procedure Type segmentation, face and head was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Plastic Surgery Instruments Market is segmented on the basis of Product Type, Procedure Type, Application, and Region.
The market is divided into two categories based on Product Type: handheld surgical instruments and electrosurgical instruments. The handheld surgical instruments dominate the market share in 2023. Handheld surgical instruments encompass a range of tools including forceps, retractors, graspers, auxiliary instruments, cutter instruments, elevators, chisels & gouges, cannulas, dissectors, and sutures & staplers. Electrosurgical instruments are further divided into monopolar and bipolar categories. Among handheld surgical instruments, forceps remained the leading category throughout the forecast period. Market growth is primarily driven by increased awareness of surgical procedures, a rise in plastic surgeries, and advancements in Product type. In the electrosurgical instruments segment, monopolar instruments held a majority share of over 50% in 2018, propelled by the increasing number of plastic surgery procedures, a rise in plastic surgeons, and advancements in Product Type.
The market is divided into four categories based on Procedure Type: face and head, breast, body & extremities, and reconstruction surgeries. The face and head procedures hold the highest market share in 2023. This dominance is attributed to factors such as the global presence of a large geriatric population, growing demand for plastic surgeries among teenagers, and significant influence from social media. According to statistics from the American Society of Plastic Surgeons, over 1.8 million surgeries were performed in the U.S. in 2018, with breast augmentation, liposuction, and eyelid & tummy tuck surgeries being the most common. Aging signs such as wrinkles, decreased skin elasticity, and dark spots typically appear between the ages of 25 and 30, intensifying up to 65 years old. Furthermore, there has been a 200% increase in minimally invasive cosmetic procedures in the U.S. since 2000, with most of these procedures involving the use of surgical instruments, thereby driving market growth.
Plastic Surgery Instruments Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Market players are pursuing strategic initiatives such as product development, geographical expansion, launches, mergers, and acquisitions to capitalize on significant opportunities in developing countries and increase market share. In the Plastic Surgery Instruments market, companies focus on product innovation, often leveraging advancements in materials science and ergonomic design to enhance surgical precision and safety. Collaborations with renowned surgeons and medical institutions facilitate the development of specialized instruments tailored to specific procedures or patient requirements, while partnerships with distributors aid in global market expansion. Additionally, mergers and acquisitions enable companies to broaden their product portfolios and strengthen their market positions, ensuring competitiveness in meeting the evolving needs of plastic surgeons and patients worldwide.
In September 2022, Medical Microinstruments launched its new supermicro NanoWrist instruments, designed to access and suture small and delicate veins for its Symani surgical robot.
GLOBAL PLASTIC SURGERY INSTRUMENTS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Sklar Surgical Instruments
Zimmer Biomet Holdings, Inc.
B. Braun Melsungen AG
Blink Medical Ltd.
Bolton Surgical Ltd.
Integra Life Sciences
TEKNO-MEDICAL Optik-Chirurg
Karlz Storz
BMT Medizintechnik GmbH
Anthony Product, Inc.
Others