General & Plastic Surgery Devices - Pakistan

The projected revenue for the General & Plastic Surgery Devices market market in Pakistan is estimated to reach US$26.38m by the year 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 6.92%, leading to a market volume of US$36.86m by 2029.
In terms of global comparison, the United States is anticipated to generate the highest revenue in this market, with a projected amount of US$9.84bn in 2024.
With an increasing demand for aesthetic procedures and a growing middle class population, Pakistan is witnessing a surge in the adoption of General & Plastic Surgery Devices in the Medical Technology market.

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 Pakistan is experiencing steady growth due to increasing customer preferences for cosmetic procedures, advancements in technology, and favorable local circumstances. Customer preferences in Pakistan are shifting towards cosmetic procedures, driven by factors such as increasing disposable income, changing beauty standards, and a desire for self-improvement. This has led to a growing demand for General & Plastic Surgery Devices, as individuals seek to enhance their appearance through procedures such as breast augmentation, liposuction, and rhinoplasty. Additionally, the aging population in Pakistan is also contributing to the demand for General & Plastic Surgery Devices, as individuals seek to reverse the signs of aging through facelifts and other anti-aging procedures. Trends in the market include the adoption of minimally invasive procedures, which offer shorter recovery times and less scarring compared to traditional surgical methods. This trend is driven by advancements in technology, such as the development of laser devices and injectables, which allow for more precise and targeted treatments. Additionally, there is a growing trend towards personalized treatments, as patients seek customized solutions that meet their specific needs and expectations. This has led to the development of innovative General & Plastic Surgery Devices that can be tailored to individual patients, resulting in better outcomes and higher patient satisfaction. Local special circumstances in Pakistan, such as the presence of a large young population and a growing middle class, contribute to the growth of the General & Plastic Surgery Devices market. The young population in Pakistan is more open to cosmetic procedures and is willing to invest in their appearance. Additionally, the expanding middle class has increased access to healthcare services and disposable income, making cosmetic procedures more affordable and accessible to a larger segment of the population. Underlying macroeconomic factors, such as economic growth and urbanization, also play a role in the development of the General & Plastic Surgery Devices market in Pakistan. As the economy continues to grow and urbanization increases, more individuals are able to afford cosmetic procedures and have access to healthcare facilities that offer General & Plastic Surgery Devices. Furthermore, the rise of medical tourism in Pakistan has attracted patients from neighboring countries, further driving the demand for General & Plastic Surgery Devices. In conclusion, the General & Plastic Surgery Devices market in Pakistan is experiencing growth due to increasing customer preferences for cosmetic procedures, advancements in technology, favorable local circumstances, and underlying macroeconomic factors. As customer demand continues to rise and technology continues to advance, the market is expected to further expand in the coming years.

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.