Market Insights Health Medical Technology Medical Devices

General & Plastic Surgery Devices - Sweden

Sweden

The General & Plastic Surgery Devices market market in Sweden is set to witness a significant growth in revenue, with projections estimating it to reach US$93.56m in 2024.
It is expected that this market will continue to expand steadily, showcasing an annual growth rate (CAGR 2024-2029) of 4.56%.
By 2029, the market volume is anticipated to reach a substantial US$116.90m.
When compared globally, it is noteworthy that the United States will dominate this market, generating the highest revenue of US$9,844.00m in 2024.
The demand for advanced general and plastic surgery devices is steadily increasing in Sweden, driven by the country's high standards for healthcare and emphasis on aesthetic procedures.

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

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Analyst Opinion

The General & Plastic Surgery Devices market in Sweden is experiencing steady growth due to increasing customer preferences for minimally invasive procedures, advancements in technology, and a growing elderly population.

Customer preferences: In Sweden, customers are increasingly opting for minimally invasive procedures in the field of general and plastic surgery. This preference can be attributed to several factors, including shorter recovery times, less scarring, and reduced risk of complications. Additionally, advancements in technology have made these procedures more accessible and affordable, further driving customer demand.

Trends in the market: One of the key trends in the General & Plastic Surgery Devices market in Sweden is the growing popularity of non-surgical cosmetic treatments. Procedures such as Botox injections, dermal fillers, and laser treatments are becoming increasingly common, as they offer quick results with minimal downtime. This trend is driven by the desire for a more youthful appearance and the influence of social media, where the emphasis on beauty and appearance is prominent. Another trend in the market is the increasing demand for reconstructive surgery. This can be attributed to the aging population in Sweden, as well as advancements in medical technology and techniques. Reconstructive surgery is not only sought after for cosmetic purposes but also for medical reasons, such as breast reconstruction after mastectomy or facial reconstruction after trauma.

Local special circumstances: Sweden has a well-developed healthcare system that provides access to high-quality medical care. The country has a strong focus on patient safety and quality assurance, which is reflected in the General & Plastic Surgery Devices market. The Swedish healthcare system also emphasizes the importance of evidence-based medicine, ensuring that procedures and devices used in general and plastic surgery are supported by scientific research and proven effectiveness.

Underlying macroeconomic factors: The General & Plastic Surgery Devices market in Sweden is influenced by several macroeconomic factors. The country has a high standard of living and a strong economy, which allows individuals to invest in their appearance and well-being. Additionally, Sweden has a growing elderly population, which contributes to the demand for both cosmetic and reconstructive surgery. The government also plays a role in shaping the market, as it provides subsidies for certain medical procedures and regulates the industry to ensure patient safety and quality of care. In conclusion, the General & Plastic Surgery Devices market in Sweden is driven by customer preferences for minimally invasive procedures, advancements in technology, and a growing elderly population. The market is characterized by a trend towards non-surgical cosmetic treatments and an increasing demand for reconstructive surgery. Sweden's well-developed healthcare system, emphasis on patient safety, and strong economy contribute to the growth and development of the market.

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.