Global Oculoplastic Surgery Market, By Procedure (Eyelid, Face Lift, Brow Lift, Orbital Pediatric), End -Use (Hospitals and Clinics, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029.
Oculoplastic Surgery Market Analysis and Size
Oculoplastic surgeries are used to change and improve the appearance of patients and are performed around the eyelid or face. With an ageing population, there will be an increase in disorders related to the face and eyelids, promoting the market. Furthermore, rising consumer awareness, a growing urban population, the availability of multiple surgical procedures, and an increase in the number of plastic surgeons globally are all promoting the growth of the oculoplastic surgery market.
Data Bridge Market Research analyses that the oculoplastic surgery market which was USD 8,577.90 million in 2021, is expected to reach USD 13900.53 million by 2029, at a CAGR of 6.22% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Oculoplastic Surgery Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Procedure (Eyelid, Face Lift, Brow Lift, Orbital Pediatric), End -Use (Hospitals and Clinics, Ambulatory Surgical Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Zimmer Biomet (U.S.), B. Braun Melsungen AG (Germany), Integra LifeSciences (U.S.), Antibe Therapeutics Inc. (Canada), Stanford Health Care (U.S.), TEKNO-MEDICAL Optik-Chirurgie GmbH (Germany), Bolton Surgical Ltd. (U.K.), Sklar Surgical Instruments (U.S.), Blink Medical (U.K.), Karlz Storz (Germany), BMT MEDIZINTECHNIK GMBH (Germany)
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Market Opportunities
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Market Definition
Oculoplasty, also known as ophthalmic plastic surgery, is concerned with the eye and its surrounding structures. It is essentially a type of eye surgery that combines plastic surgery and ophthalmology. An oculoplastic surgeon is a trained ophthalmologist who specialises in the treatment of eyelid abnormalities, tearing problems, and orbital disease.
Global Oculoplastic Surgery Market Dynamics
Drivers
- Rising prevalence of eye-related disorders
The rising prevalence of eye-related disorders such as blurred vision, wrinkles around the eyes, and droopy eyes is expected to fuel market growth. Over 1.3 million eyelid procedures were performed globally in 2017, according to the American Society of Aesthetic Plastic Surgery. According to the report, approximately 17 million plastic surgery procedures were performed in the United States in the same year. Increased medical tourism and better reimbursement policies in both developed and developing economies are expected to boost the growth of the oculoplastic surgery market.
- Growing acceptance of various oculoplastic surgeries
Rising disposable income, growing acceptance of various oculoplastic surgeries, and willingness to spend on aesthetic surgeries are the other factors driving market growth. In the medical aesthetics industry, social media and celebrities have proven to have a significant influence on consumers. According to multiple studies conducted in the United Kingdom, approximately 55% of facial plastic surgeons reported that patients in their practise were motivated by a desire to look better in selfies in 2017, up from 13% in 2016. Furthermore, there is an increasing demand for medical aesthetic procedures provided by beauty salons, with a constant plea to upgrade to more reliable and effective aesthetic equipment in the United Kingdom. These all factors propel the growth of the market.
Opportunities
- Increasing medical tourism
Increasing medical tourism and improved reimbursement policies in both developed and developing economies are anticipated to positively influence the growth of the oculoplastic surgery market in the foreseeable future.
Restraints/Challenges
- High cost of devices
Unavailability of early detection technique along with high cost of devices and inaccuracy of non-contact oculoplastic surgery will obstruct the market's growth rate.
This oculoplastic surgery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the oculoplastic surgery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent developments
- In December 2020, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, announced that it had completed its acquisition of A&E Medical Corporation, a Vance Street Capital Portfolio Company.
- In October 2020, Katena Products announced the acquisition of Micro-Select Instruments, a manufacturer of ophthalmic instruments such as forceps, needle holders, and speculums.
Global Oculoplastic Surgery Market Scope
The oculoplastic surgery market is segmented on the basis of product type, technology, modality and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Procedure
- Eyelid
- Face Lift
- Brow Lift
- Orbital Pediatric
End-Use
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Oculoplastic Surgery Market Regional Analysis/Insights
The oculoplastic surgery market is analysed and market size insights and trends are provided by country, product type, technology, modality and end user as referenced above.
The countries covered in the oculoplastic surgery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the oculoplastic surgery market owing to the growing procedural volume and the high cost of the treatment. U.S dominated the regional market for oculoplastic surgery in the same year driven by high number of procedures performed in the country.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the increasing number of population suffering from diabetes. Japan is leading in the APAC region due to rising aging population and large number of beauty conscious people.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The oculoplastic surgery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for oculoplastic surgery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the oculoplastic surgery market. The data is available for historic period 2010-2020.
Competitive Landscape and Oculoplastic Surgery Market Share Analysis
The oculoplastic surgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oculoplastic surgery market.
Some of the major players operating in the oculoplastic surgery market are:
- Zimmer Biomet (U.S.)
- B. Braun Melsungen AG (Germany)
- Integra LifeSciences (U.S.)
- Antibe Therapeutics Inc. (Canada)
- Stanford Health Care (U.S.)
- TEKNO-MEDICAL Optik-Chirurgie GmbH (Germany)
- Bolton Surgical Ltd. (U.K.)
- Sklar Surgical Instruments (U.S.)
- Blink Medical (U.K.)
- Karlz Storz (Germany)
- BMT MEDIZINTECHNIK GMBH (Germany)
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