Oculoplastic Surgery Market Size, Share & Trends Analysis Report By Product (Instruments, Implants & Grafts, Equipment), By Procedure (Eyelid Surgery, Face Lift, Orbital Surgery), By End-use, By Region, And Segment Forecasts, 2024 - 2030
Oculoplastic Surgery Market Size, Share & Trends Analysis Report By Product (Instruments, Implants & Grafts, Equipment), By Procedure (Eyelid Surgery, Face Lift, Orbital Surgery), By End-use, By Region, And Segment Forecasts, 2024 - 2030
Oculoplastic Surgery Market Growth & Trends
The global oculoplastic surgery market size is expected to reach USD 14.02 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to register a 6.05% CAGR over the forecast period. The market is primarily driven by the rising geriatric population, increasing number of oculoplastic surgical procedures, and technological advancements in the medical aesthetics industry. Furthermore, increasing patient awareness and rising disposable income are also fueling the growth. Factors such as the rising disposable income, standard of living, social media influence, and awareness among people are anticipated to bode well for the growth.
According to the results from a survey conducted by the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), social media has massive impact on aesthetics, especially in the way consumers perceive and project themselves. The survey results highlighted that 55% of facial plastic surgeons consulted patients who wanted to look better in selfies in 2017, showing a 13% increase from the previous year.
With a wide range of oculoplastic surgery procedures available in the market, more people are willing to undergo such treatment due their affordability and feasibility. Furthermore, rising medical tourism and better reimbursement policies are also boosting the market growth. The medical tourism market is anticipated to witness significant growth over the forecast period, which is expected to bode well for the overall market for oculoplastic surgery.
Oculoplastic Surgery Market Report Highlights
North America accounted for the largest market share in 2023, owing to the presence of favorable reimbursement policies, presence of key players, and supportive government initiatives
By procedure, eyelid segment accounted for the largest market share and is expected to maintain its dominance during the forecast period.
Browlift and forehead lift segment is expected to register the fastest growth during the forecast period owing to high adoption of this surgery
Some of the key companies in the oculoplastic surgery market are Bausch + Lomb, Carl Zeiss Meditec AG, Stryker, and Integra LifeSciences Corporation. These players are focusing on new product launches to introduce advanced services
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.3. Information Procurement
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Oculoplastic Surgery Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Related/ Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Advancements in technology
3.2.1.2. Rising awareness regarding oculoplastic surgery
3.2.1.3. Increasing number of geriatric population
3.2.2. Market Restraint Analysis
3.2.2.1. High costs associated with surgery
3.2.2.2. Potential risks and complications associated with the procedure
3.2.3. Market Opportunity Analysis
3.2.3.1. Growth potential in emerging economies
3.3. Oculoplastic Surgery Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of suppliers
3.3.1.2. Bargaining power of buyers
3.3.1.3. Threat of substitutes
3.3.1.4. Threat of new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political & Legal Landscape
3.3.2.2. Economic and Social Landscape
3.3.2.3. Technological landscape
Chapter 4. Oculoplastic Surgery Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Oculoplastic Surgery Market: Product Movement Analysis
4.3. Oculoplastic Surgery Market by Product Outlook (USD Million)
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following