General & Plastic Surgery Devices - Baltics

The General & Plastic Surgery Devices market market in the Baltics is set to witness a remarkable growth trajectory.
It is projected that by 2024, the market's revenue will reach an impressive US$42.91m.
Looking ahead, the market is expected to exhibit a steady annual growth rate of 5.27% between 2024 and 2029.
This growth will culminate in a market volume of US$55.49m by 2029.
When comparing the global landscape, it is worth noting that the United States will emerge as the frontrunner in terms of revenue generation.
In 2024 alone, the United States is expected to generate a staggering US$9.84bn in revenue in the General & Plastic Surgery Devices market market.
In the Baltics, the demand for General & Plastic Surgery Devices in the Medical Technology market is steadily increasing due to the growing popularity of cosmetic procedures among the population.

Definition:
The General & Plastic Surgery Devices market represents medical devices designed for general and plastic surgery procedures, such as disposable surgical supplies, open surgery instruments, minimally invasive surgery instruments.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Becton Dickinson, Conmed Corporation. Further information on the key players can be found in the Market Shares boxes.

Disposable surgical supplies
Open surgery instruments
Minimally invasive surgery instruments

Services (i.e., treatment expenses)
Blood and transplants derived from the human body
In vitro diagnostics
Diagnostic imaging

The General & Plastic Surgery Devices market in Baltics is witnessing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this growth. Customer preferences play a crucial role in the development of the General & Plastic Surgery Devices market in Baltics. Customers in this region are increasingly seeking cosmetic procedures to enhance their physical appearance. The desire for a youthful and attractive appearance is driving the demand for plastic surgery devices. Additionally, the growing awareness about the benefits of these procedures and the availability of advanced technologies are also influencing customer preferences. Trends in the market are also contributing to the growth of the General & Plastic Surgery Devices market in Baltics. Technological advancements in surgical devices have made procedures safer, more efficient, and less invasive. This has led to an increase in the number of people opting for plastic surgery procedures. Moreover, there is a growing trend towards minimally invasive procedures, such as injectables and non-surgical treatments, which require specialized devices. These trends are driving the demand for General & Plastic Surgery Devices in the Baltics. Local special circumstances also play a role in the development of the General & Plastic Surgery Devices market in the Baltics. The region has a high concentration of aesthetic clinics and plastic surgery centers, which cater to the growing demand for cosmetic procedures. This concentration of facilities creates a favorable environment for the growth of the market. Additionally, the Baltics have a well-developed healthcare infrastructure and skilled medical professionals, which further contribute to the market's development. Underlying macroeconomic factors also contribute to the growth of the General & Plastic Surgery Devices market in the Baltics. The region's improving economy and rising disposable incomes have made plastic surgery procedures more affordable and accessible to a larger population. As a result, more people are opting for these procedures, leading to increased demand for General & Plastic Surgery Devices. Furthermore, the Baltics' integration into the European Union has facilitated the import and distribution of medical devices, further supporting the growth of the market. In conclusion, the General & Plastic Surgery Devices market in the Baltics is experiencing significant growth and development. Customer preferences for cosmetic procedures, trends in the market towards minimally invasive treatments, local special circumstances such as a concentration of aesthetic clinics, and underlying macroeconomic factors such as an improving economy and rising disposable incomes all contribute to this growth.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.