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General & Plastic Surgery Devices - Americas

Americas

The General & Plastic Surgery Devices market market in the Americas is forecasted to achieve a revenue of US$12.68bn in 2024.
It is anticipated that the revenue will experience a consistent annual growth rate (CAGR 2024-2029) of 5.52%, leading to a market volume of US$16.59bn by 2029.
When compared globally, the United States is projected to generate the highest revenue of US$9,844.00m in 2024.
The demand for General & Plastic Surgery Devices in the Americas is driven by the growing popularity of cosmetic procedures in countries like the United States and Brazil.

Key regions: Europe, Japan, United Kingdom, Netherlands, China

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Currency

Analyst Opinion

The General & Plastic Surgery Devices market in Americas is experiencing steady growth due to increasing customer preferences for cosmetic procedures and advancements in surgical technology.

Customer preferences: Customers in the Americas region are increasingly opting for cosmetic procedures to enhance their physical appearance. This trend is driven by factors such as the influence of social media and the desire to maintain a youthful appearance. As a result, there is a growing demand for general and plastic surgery devices that can effectively address various cosmetic concerns.

Trends in the market: One of the key trends in the General & Plastic Surgery Devices market in the Americas is the adoption of minimally invasive procedures. These procedures offer several advantages over traditional surgical methods, including shorter recovery times, reduced scarring, and lower risk of complications. As a result, there is a growing demand for devices such as lasers, injectables, and non-surgical body contouring systems. Another trend in the market is the increasing use of 3D printing technology in the production of customized implants and prosthetics. This technology allows for precise and personalized solutions, leading to improved patient outcomes. Additionally, advancements in surgical robotics are enabling surgeons to perform complex procedures with enhanced precision and control.

Local special circumstances: The Americas region comprises diverse countries with varying levels of healthcare infrastructure and regulatory environments. While countries like the United States and Canada have well-established healthcare systems and regulations, other countries in Latin America may face challenges related to access to quality healthcare and regulatory compliance. These local circumstances can impact the adoption and growth of the General & Plastic Surgery Devices market in different countries within the region.

Underlying macroeconomic factors: The General & Plastic Surgery Devices market in the Americas is influenced by several macroeconomic factors. Economic growth, disposable income levels, and healthcare expenditure are key drivers of market growth. Countries with a strong economy and higher disposable income levels tend to have a higher demand for cosmetic procedures and related devices. Additionally, favorable reimbursement policies and government initiatives to promote healthcare accessibility can also impact market growth. In conclusion, the General & Plastic Surgery Devices market in the Americas is driven by increasing customer preferences for cosmetic procedures, including minimally invasive techniques. Advancements in surgical technology, such as 3D printing and robotics, are also contributing to market growth. However, local special circumstances and underlying macroeconomic factors can influence the adoption and growth of the market in different countries within the region.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.