Key regions: Europe, Japan, United Kingdom, Netherlands, China
The General & Plastic Surgery Devices market in BRICS is experiencing significant growth and development.
Customer preferences: Customers in BRICS countries are increasingly seeking out general and plastic surgery procedures to enhance their appearance and improve their quality of life. The growing middle class in these countries has more disposable income to spend on elective surgeries, and there is a growing acceptance of cosmetic procedures in society. Additionally, advancements in technology and medical techniques have made these surgeries safer and more accessible to a wider range of patients.
Trends in the market: In Brazil, there is a high demand for plastic surgery procedures, particularly for body contouring and breast augmentation. The country is known for its beauty culture and has a large number of plastic surgeons who are highly skilled in performing these procedures. In Russia, there is a growing trend of medical tourism for plastic surgery. Many Russians are traveling to other BRICS countries, such as Brazil and India, to undergo cosmetic procedures due to the lower costs and availability of highly skilled surgeons. In India, there is a rising demand for both general and plastic surgery procedures. The country has a large population and a growing middle class, which is driving the demand for cosmetic procedures. Additionally, India is becoming a hub for medical tourism, with many patients from other countries traveling to India for affordable and high-quality surgeries. In China, there is a strong demand for plastic surgery, particularly among younger generations. The country has a large population and a growing middle class, who are increasingly seeking out cosmetic procedures to enhance their appearance. Additionally, there is a cultural emphasis on beauty and physical appearance in China, which further drives the demand for plastic surgery. In South Africa, there is a growing market for plastic surgery, particularly among the affluent population. The country has a well-developed healthcare system and a high standard of medical care, which attracts patients from other African countries. Additionally, there is a cultural acceptance of plastic surgery in South Africa, which contributes to the growth of the market.
Local special circumstances: Each BRICS country has its own unique set of circumstances that contribute to the development of the General & Plastic Surgery Devices market. In Brazil, for example, the country's beauty culture and the high number of skilled plastic surgeons contribute to the growth of the market. In Russia, the availability of affordable and high-quality surgeries in other BRICS countries drives medical tourism. In India, the large population and the growing middle class contribute to the demand for cosmetic procedures. In China, the cultural emphasis on beauty and physical appearance drives the demand for plastic surgery. In South Africa, the well-developed healthcare system and the cultural acceptance of plastic surgery contribute to the growth of the market.
Underlying macroeconomic factors: The growth of the General & Plastic Surgery Devices market in BRICS countries is also influenced by underlying macroeconomic factors. The growing middle class in these countries has more disposable income to spend on elective surgeries, driving the demand for cosmetic procedures. Additionally, advancements in technology and medical techniques have made these surgeries safer and more accessible to a wider range of patients. The rise of medical tourism in BRICS countries is also a factor contributing to the growth of the market, as patients from other countries travel to these countries for affordable and high-quality surgeries. Overall, the General & Plastic Surgery Devices market in BRICS is developing due to a combination of increasing customer preferences, local special circumstances, and underlying macroeconomic factors.
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.
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