General & Plastic Surgery Devices - Benelux

The projected revenue for the General & Plastic Surgery Devices market market in Benelux is estimated to reach US$482.30m in 2024.
It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 4.10%, leading to a market volume of US$589.70m by 2029.
When compared globally, the United States is anticipated to generate the highest revenue, amounting to US$9.84bn in 2024.
In the thriving Medical Technology market of Benelux, there is a growing demand for General & Plastic Surgery Devices, driven by the region's advanced healthcare infrastructure and high demand for aesthetic procedures.

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 Benelux is experiencing steady growth due to customer preferences for advanced medical technologies and procedures.

Customer preferences: Customers in the Benelux region have a strong preference for high-quality medical devices and procedures. They prioritize safety and effectiveness, and are willing to invest in the latest technologies for general and plastic surgery. This includes devices such as surgical instruments, implants, and equipment used in reconstructive and aesthetic surgeries.

Trends in the market: One of the key trends in the Benelux market is the increasing demand for minimally invasive surgical procedures. Patients are seeking less invasive options that offer faster recovery times and minimal scarring. This has led to the development and adoption of advanced surgical devices and techniques, such as robotic-assisted surgeries and laser technologies. These advancements in technology have improved surgical outcomes and patient satisfaction. Another trend in the market is the growing popularity of cosmetic surgeries. There is a rising demand for procedures such as breast augmentation, liposuction, and facelifts. This trend is driven by factors such as social media influence, celebrity culture, and the desire for self-improvement. As a result, there is an increased demand for plastic surgery devices and equipment in the Benelux region.

Local special circumstances: The Benelux region consists of three countries - Belgium, the Netherlands, and Luxembourg - that have well-developed healthcare systems. These countries have a high standard of medical care and are known for their expertise in general and plastic surgery. This has created a favorable environment for the growth of the market, as both patients and healthcare professionals have access to state-of-the-art facilities and technologies.

Underlying macroeconomic factors: The Benelux region has a stable and prosperous economy, which contributes to the growth of the general and plastic surgery devices market. The region has a high GDP per capita and a well-established healthcare infrastructure. Additionally, the governments in the Benelux countries prioritize healthcare and invest in medical research and development. This creates a supportive environment for the market, as healthcare providers have the resources to invest in advanced medical technologies and procedures. In conclusion, the General & Plastic Surgery Devices market in Benelux is driven by customer preferences for advanced medical technologies, including minimally invasive procedures and cosmetic surgeries. The region's well-developed healthcare systems and stable economy contribute to the growth of the market. As technology continues to advance and customer demand for aesthetic procedures increases, the market is expected to further expand in the Benelux region.

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.