General & Plastic Surgery Devices - Indonesia

The General & Plastic Surgery Devices market market in Indonesia is anticipated to see a significant growth in revenue.
By 2024, the projected revenue is expected to reach US$121.30m.
Furthermore, the market is estimated to exhibit a steady annual growth rate (CAGR 2024-2029) of 7.99%.
This growth trajectory will lead to a market volume of US$178.20m by 2029.
When compared to the global market, it is worth noting that the United States is expected to generate the highest revenue.
In 2024, the projected revenue for the United States is estimated to be a staggering US$9.84bn.
Indonesia's growing middle class is driving demand for General & Plastic Surgery Devices, fueling market expansion in the country.

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 Indonesia is experiencing steady growth due to increasing customer preferences for cosmetic procedures, advancements in technology, and favorable local special circumstances. Customer preferences in Indonesia are shifting towards a greater emphasis on beauty and aesthetics, leading to a growing demand for general and plastic surgery procedures. The desire to enhance one's appearance and improve self-confidence has become more prevalent in Indonesian society, driving the demand for surgical and non-surgical cosmetic treatments. Additionally, the influence of social media and celebrity culture has contributed to the popularity of these procedures, as individuals seek to achieve the same level of beauty and perfection. Trends in the market show a growing demand for minimally invasive procedures and non-surgical treatments. Patients are increasingly opting for less invasive alternatives to traditional surgeries, such as injectables, dermal fillers, and laser treatments. These procedures offer shorter recovery times, fewer risks, and more natural-looking results, making them attractive options for individuals seeking cosmetic enhancements. The market is also witnessing advancements in technology, with the introduction of innovative devices and techniques that provide more precise and effective outcomes. Local special circumstances in Indonesia play a significant role in the development of the General & Plastic Surgery Devices market. The country's large population, rising disposable income levels, and increasing awareness about cosmetic procedures contribute to the market's growth. Moreover, Indonesia's tourism industry has been a driving factor, as medical tourism for cosmetic treatments attracts both domestic and international patients. The availability of skilled surgeons and modern facilities further enhances the country's appeal as a destination for cosmetic procedures. Underlying macroeconomic factors, such as economic growth and urbanization, also contribute to the development of the market. As Indonesia's economy continues to expand, more individuals have the means to afford cosmetic treatments. Urbanization leads to lifestyle changes and greater exposure to global beauty trends, further fueling the demand for cosmetic procedures. Additionally, the government's efforts to promote healthcare and improve access to medical services have created a conducive environment for the growth of the General & Plastic Surgery Devices market. In conclusion, the General & Plastic Surgery Devices market in Indonesia is experiencing growth due to changing customer preferences, advancements in technology, favorable local special circumstances, and underlying macroeconomic factors. The demand for cosmetic procedures is driven by a desire for beauty and aesthetics, with a shift towards minimally invasive and non-surgical treatments. Indonesia's large population, rising disposable income levels, and growing awareness about cosmetic procedures contribute to the market's expansion. Furthermore, economic growth, urbanization, and government initiatives to improve healthcare access all play a role in driving the market's development.

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.