Market Insights Health Medical Technology Medical Devices

General & Plastic Surgery Devices - South America

South America

In South America, the General & Plastic Surgery Devices market market is anticipated to witness a substantial increase in revenue, reaching a projected value of US$1.41bn by 2024.
Furthermore, it is expected to exhibit a steady annual growth rate of 6.48% during the period of 2024 to 2029, resulting in a market volume of US$1.93bn by the end of 2029.
When compared globally, the United States is forecasted to generate the highest revenue in this market, with an estimated value of US$9,844.00m by 2024.
South America's growing middle class is fueling an increase in demand for advanced plastic surgery devices in the region.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The General & Plastic Surgery Devices market in South America is experiencing steady growth due to increasing customer preferences for cosmetic procedures and advancements in technology. Customer preferences in South America are driving the demand for General & Plastic Surgery Devices. The region has seen a rise in the popularity of cosmetic procedures, with a growing number of individuals seeking to enhance their appearance. This trend is driven by factors such as the influence of media and celebrities, increasing disposable income, and a greater emphasis on physical appearance. As a result, there is a growing demand for General & Plastic Surgery Devices, which offer a wide range of solutions for various cosmetic procedures. Trends in the market indicate a shift towards non-invasive and minimally invasive procedures. Customers are increasingly opting for procedures that require less downtime and have fewer risks. This has led to a rise in the demand for devices such as lasers, dermal fillers, and injectables, which offer quick and effective results with minimal invasiveness. Additionally, there is a growing demand for devices that provide natural-looking results, as customers seek more subtle enhancements. In South America, there are also local special circumstances that contribute to the development of the General & Plastic Surgery Devices market. Cultural factors play a significant role in shaping customer preferences and driving market growth. South American countries have a strong focus on beauty and physical appearance, with a cultural norm that values youthfulness and attractiveness. This cultural emphasis on beauty has created a favorable environment for the growth of the General & Plastic Surgery Devices market. Underlying macroeconomic factors also contribute to the development of the General & Plastic Surgery Devices market in South America. Economic growth and rising disposable income levels have increased the affordability of cosmetic procedures for a larger segment of the population. As the middle class expands and more individuals have access to discretionary income, the demand for General & Plastic Surgery Devices is expected to continue to grow. In conclusion, the General & Plastic Surgery Devices market in South America is experiencing growth due to increasing customer preferences for cosmetic procedures, the trend towards non-invasive and minimally invasive procedures, local cultural factors, and underlying macroeconomic factors such as economic growth and rising disposable income levels.

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.