General & Plastic Surgery Devices - Ireland

In Ireland, the General & Plastic Surgery Devices market market is anticipated to witness a remarkable growth in revenue, projected to reach US$64.46m by 2024.
This growth is expected to continue with an annual growth rate (CAGR 2024-2029) of 3.85%, leading to a market volume of US$77.85m by 2029.
When comparing the global market, it is noteworthy that the United States is expected to generate the highest revenue of US$9.84bn in 2024.
Ireland is experiencing a growing demand for General & Plastic Surgery Devices, driven by an increasing focus on aesthetic procedures and advanced medical technology.

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 Ireland is experiencing steady growth due to increasing customer preferences for cosmetic and reconstructive procedures, as well as advancements in technology and the availability of specialized healthcare facilities. Customer preferences in Ireland are shifting towards a greater acceptance and demand for cosmetic and reconstructive surgeries. This is driven by factors such as changing societal norms, increased awareness about the benefits of these procedures, and a desire for self-improvement. As a result, there is a growing demand for general and plastic surgery devices in the country. Trends in the market indicate a strong focus on technological advancements and innovation. Manufacturers are constantly developing new and improved devices to meet the evolving needs of healthcare professionals and patients. This includes the development of minimally invasive procedures, robotic-assisted surgeries, and advanced imaging technologies. These advancements not only enhance the effectiveness and safety of procedures, but also contribute to shorter recovery times and improved patient outcomes. In addition to technological advancements, the availability of specialized healthcare facilities is driving the growth of the market. Ireland has a well-developed healthcare system with a number of specialized clinics and hospitals offering a wide range of general and plastic surgery procedures. This allows patients to access high-quality care close to home, reducing the need for international travel. Local special circumstances in Ireland also contribute to the growth of the General & Plastic Surgery Devices market. The country has a relatively high disposable income and a strong emphasis on personal appearance and grooming. This, combined with a growing aging population, has led to an increased demand for cosmetic procedures such as facelifts, breast augmentations, and liposuction. Underlying macroeconomic factors also play a role in the development of the market. Ireland has a stable economy with a favorable business environment, attracting both domestic and international investment. This has led to increased funding for research and development, as well as the establishment of new healthcare facilities. Additionally, the country's membership in the European Union provides access to a large market and regulatory harmonization, facilitating the import and export of medical devices. Overall, the General & Plastic Surgery Devices market in Ireland is experiencing growth due to customer preferences for cosmetic and reconstructive surgeries, advancements in technology, the availability of specialized healthcare facilities, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as these factors continue to drive demand for general and plastic surgery devices in the country.

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.