General & Plastic Surgery Devices - EU-27

  • EU-27
  • Revenue in the General & Plastic Surgery Devices market in European Union (EU27) is projected to reach US$5.97bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.22%, resulting in a market volume of US$7.34bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$9,844.00m in 2024).

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

 
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Analyst Opinion

The General & Plastic Surgery Devices market in EU-27 is experiencing steady growth due to increasing customer preferences for aesthetic procedures and advancements in technology.

Customer preferences:
Customers in the EU-27 region are increasingly opting for aesthetic procedures to enhance their appearance and improve their self-confidence. The rising beauty standards and the influence of social media have contributed to the growing demand for general and plastic surgery devices. Additionally, the aging population in the region is driving the demand for cosmetic procedures, as individuals seek to maintain a youthful appearance.

Trends in the market:
One of the key trends in the General & Plastic Surgery Devices market in the EU-27 is the adoption of minimally invasive procedures. Customers are increasingly opting for procedures that involve smaller incisions, shorter recovery times, and fewer risks. This trend is driving the demand for devices such as lasers, injectables, and dermal fillers. In addition, there is a growing demand for non-surgical procedures, such as Botox injections and chemical peels, which offer quick and effective results with minimal downtime. Another trend in the market is the increasing use of technology in surgical procedures. Advancements in medical technology have led to the development of innovative devices that provide better precision, safety, and efficiency during surgeries. For example, the use of robotic-assisted surgery systems has gained popularity in the EU-27 region, as they offer improved accuracy and reduced recovery time. Furthermore, the integration of artificial intelligence and machine learning in surgical devices is expected to revolutionize the field of general and plastic surgery.

Local special circumstances:
Each country within the EU-27 region has its own unique cultural and regulatory environment, which can influence the General & Plastic Surgery Devices market. For example, countries like Germany and France have a strong emphasis on quality and safety standards, which may lead to higher demand for advanced and reliable surgical devices. On the other hand, countries like Spain and Italy have a higher focus on aesthetics and beauty, leading to a greater demand for cosmetic procedures and devices.

Underlying macroeconomic factors:
The growth of the General & Plastic Surgery Devices market in the EU-27 region is also influenced by underlying macroeconomic factors. Factors such as GDP growth, disposable income levels, and healthcare expenditure play a significant role in determining the demand for general and plastic surgery devices. As the economy improves and disposable income levels rise, individuals are more likely to spend on aesthetic procedures. Additionally, government initiatives to improve healthcare infrastructure and increase access to healthcare services also contribute to the growth of the market. In conclusion, the General & Plastic Surgery Devices market in the EU-27 region is experiencing steady growth due to increasing customer preferences for aesthetic procedures and advancements in technology. The adoption of minimally invasive procedures and the use of technology in surgical procedures are key trends in the market. Each country within the region has its own unique cultural and regulatory environment, which can influence the market. Underlying macroeconomic factors such as GDP growth and healthcare expenditure also play a significant role in shaping the market dynamics.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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