Plastic Surgery Instruments | Latest Trends, Innovations and Business Growth in Healthcare Industry

The global plastic surgery instruments market was valued at USD 937.3 Million in 2017 and is projected to reach USD 1,479.0 Million by 2023, at a CAGR of 8.1%. North America is expected to dominate the market followed by Europe. Asia is expected to grow at the highest CAGR during the forecast period. The high growth rate of the region is attributed to factors such as the growing middle-class disposable income in emerging Asian countries, growing aging population and age-related cosmetic procedures, and increasing medical tourism in the region. The increasing focus of prominent players in Asia is also supporting market growth in the region.

Increasing awareness and demand for cosmetic surgeries, growing number of age-related surgeries across the globe, and increasing incidence of cancer are the key drivers of the global plastic surgery instruments market.

The presence of stringent safety regulations for cosmetic procedures and the growing adoption of nonsurgical approaches and minimally invasive surgeries are the major factors that are expected to restrain the growth of this market.

Key Market Drivers:

1. Increasing Awareness of Cosmetic Procedures
2. Growing Number of Age-Related Plastic Surgeries
3. Increasing Incidence of Cancer
4. Emerging Markets Offer Lucrative Growth Opportunities

Primary Objective of the Report:

1. To define, describe, and forecast the global plastic surgery instruments market on the basis of type, procedure, end user, and region

2. To provide detailed information regarding the major factors influencing the growth of the market

3. To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market

4. To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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By type, the market is segmented into handheld instruments, electrosurgical instruments, and other plastic surgery instruments. In 2018, the handheld instruments segment is expected to account for the largest share of the market. The large share of this segment is attributed to factors such as increasing number of plastic surgeries and the wide range of uses of handheld instruments in almost all types of plastic surgical procedures.

Based on procedure, the plastic surgery instruments market is segmented into cosmetic surgery and reconstructive surgery. The cosmetic surgery segment is expected to dominate the market in 2018. The large share of this market segment can primarily be attributed to the high demand and growing public acceptance of cosmetic procedures, changing lifestyles, and growing willingness to spend on cosmetic surgeries across the globe.

The plastic surgery instruments market, by end user is segmented into hospitals and other end users segment. In 2018, the hospitals segment is expected to account for the largest share of the market. The large share of this segment is majorly attributed to the growing volume of surgical procedures performed in hospitals and increasing demand for cosmetic and reconstructive surgeries.

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The plastic surgery instruments market is highly fragmented with the presence of several large as well as emerging players. Prominent players in the plastic surgery instruments market include Sklar Surgical Instruments (US), KLS Martin Group (Germany), Integra LifeSciences Corporation (US), Tekno-Medical Optik-Chirurgie GmbH (Germany), KARL STORZ GmbH & Co. KG (Germany), Zimmer Biomet (US), B. Braun Melsungen AG (Germany), BMT Medizintechnik GmbH (Germany), Anthony Products, Inc. (US), Bolton Surgical Ltd. (UK), Surgicon Pvt. Ltd. (Pakistan), and Blink Medical (UK).