Market Insights Health Medical Technology Medical Devices

General & Plastic Surgery Devices - Croatia

Croatia

In Croatia, the General & Plastic Surgery Devices market market is anticipated to witness a significant increase in revenue, with projections indicating that it will reach US$34.89m by 2024.
Furthermore, experts expect the market to display a steady annual growth rate of 3.87% between 2024 and 2029, resulting in a market volume of US$42.19m by 2029.
It is worth mentioning that when compared on a global scale, the United States is expected to generate the highest revenue, amounting to US$9,844.00m by 2024.
Croatia is experiencing a growing demand for advanced plastic surgery devices, driven by a rise in medical tourism.

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

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Analyst Opinion

The General & Plastic Surgery Devices market in Croatia is experiencing steady growth due to increasing customer preferences for cosmetic procedures, advancements in technology, and a growing elderly population. Customer preferences in Croatia have shifted towards cosmetic procedures in recent years. There is a growing desire among individuals to enhance their physical appearance, leading to an increased demand for plastic surgery devices. Additionally, the influence of social media and celebrity culture has contributed to the rise in popularity of cosmetic procedures, as people strive to achieve the same beauty standards portrayed by influencers and celebrities. Advancements in technology have also played a significant role in the development of the General & Plastic Surgery Devices market in Croatia. The introduction of innovative surgical techniques and minimally invasive procedures has made plastic surgery more accessible and less intimidating for patients. Moreover, the availability of advanced devices, such as laser systems and 3D imaging technology, has improved the precision and effectiveness of surgical procedures, leading to better outcomes and increased patient satisfaction. The aging population in Croatia has also contributed to the growth of the General & Plastic Surgery Devices market. As the population ages, there is a higher demand for anti-aging treatments and rejuvenation procedures. The desire to maintain a youthful appearance has driven the demand for devices such as dermal fillers, botulinum toxin injections, and skin tightening devices. In addition to these global trends, there are also local special circumstances that have influenced the development of the General & Plastic Surgery Devices market in Croatia. The country's tourism industry, particularly medical tourism, has attracted patients from neighboring countries who seek affordable and high-quality plastic surgery procedures. This influx of international patients has contributed to the growth of the market and has created opportunities for clinics and hospitals to expand their services. Underlying macroeconomic factors, such as the overall economic growth of Croatia, have also played a role in the development of the General & Plastic Surgery Devices market. As the economy improves, individuals have more disposable income to spend on cosmetic procedures. Moreover, the government's efforts to promote the healthcare sector and attract foreign investments have created a favorable environment for the growth of the market. In conclusion, the General & Plastic Surgery Devices market in Croatia is experiencing growth due to increasing customer preferences for cosmetic procedures, advancements in technology, a growing elderly population, and local special circumstances such as medical tourism. These factors, along with underlying macroeconomic factors, have contributed to the development of the market in Croatia.

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.