global Oculoplastic Surgery market size is expected to be worth around US$ 11.05 billion by 2028, according to a new report by Vision Research Reports.
The global Oculoplastic Surgery market size was valued at US$ 7.3 billion in 2020 and is anticipated to grow at a CAGR of 5.75% during forecast period 2021 to 2028.
The market is primarily driven by the rising geriatric population, increasing number of oculoplastic surgical procedures, and technological advancements in the medical aesthetics industry. Furthermore, increasing patient awareness and rising disposable income are also fueling the growth. Factors such as the rising disposable income, standard of living, social media influence, and awareness among people are anticipated to bode well for the growth.
According to the results from a survey conducted by the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), social media has massive impact on aesthetics, especially in the way consumers perceive and project themselves. The survey results highlighted that 55% of facial plastic surgeons consulted patients who wanted to look better in selfies in 2017, showing a 13% increase from the previous year.
With a wide range of oculoplastic surgery procedures available in the market, more people are willing to undergo such treatment due their affordability and feasibility. Furthermore, rising medical tourism and better reimbursement policies are also boosting the market growth. According to the Journal of Medicine, the number of medical tourists to all countries was estimated to be 14 million to 16 million in 2017. The medical tourism market is anticipated to witness significant growth over the forecast period, which is expected to bode well for the overall market for oculoplastic surgery.
The eyelid surgery segment accounted for the largest market size in 2020. also known as an eye lift or blepharoplasty removes excess skin from the upper eyelids and reduces bagginess from the lower eyelid. Rising geriatric population prone to various vision impairment problems and issues such as sagging upper eyelids is anticipated to drive the growth of the segment in the forthcoming years.
The browlift and facelift segment was valued at USD 557.40 million in 2020 and is expected to register the fastest CAGR of 6.26% during the forecast period. The high growth rate of the segment is primarily attributed to the benefits associated with the surgery, such as reduction of eye bags and puffiness around the lower eyelids and tightening of the soft tissues on the forehead to provide younger appearance. According to the American Society of Aesthetic plastic surgery statistics, approximately 249,343 brow lift procedures were performed in 2017. This number is expected to increase considerably during the forecast period.
Ambulatory surgical centers accounted for the largest market share of over 60% in 2020 and the segment is expected to dominate the market throughout the forecast period. The high share is primarily attributed to the increasing number of outpatient surgeries that do not require a hospital stay. Availability of is helping in transforming healthcare facilities as well as the market for medical equipment. These surgical centers can offer surgical procedures at 35% to 50% lower price compared to hospitals. In 2018, there were 5,700 ambulatory surgical centers operating in U.S with a combined revenue accounting to USD 35 billion.
Hospital segment is also expected to witness considerable growth during the forecast period. The key drivers of the segment are the rising incidence of eye disorders, increasing number of hospitals, development of healthcare infrastructure and rising healthcare expenditure, increasing private sector are among the reason for the growth of the segment. Furthermore, factors such as the availability of highly qualified surgeons and advanced medical equipment is also driving the segment growth.
North America led the market in 2020 owing to the growing procedural volume and the high cost of the treatment. North America has a large addressable population with millennial aesthetic user rate tripled in the past four years in the U.S. alone. U.S dominated the regional market for oculoplastic surgery in the same year driven by high number of procedures performed in the country. According to the American Society of Aesthetic Plastic Surgeons, blepharoplasty-removal of excess tissue around the eyelids-is one of the most common cosmetic procedures performed in the country. In 2018, 115,000 blepharoplasty procedures were performed in U.S.
Asia Pacific is expected to register the fastest CAGR of 6.68% during the forecast period. The cost of plastic surgery performed in developed as compared to developing countries varies significantly which is the primary regional growth driver. Japan is leading in the APAC region owing to a large number of beauty conscious people and rising aging population. According to the International Society of Aesthetic plastic, approximately 90% of all cosmetic surgeries were performed on the face in 2017. Latin America is also expected to grow significantly in the forecast period due to the rise in a number of eye-related surgeries. According to the International Society of Aesthetic Plastic, Brazil recorded 159,720 eyelid procedures in 2017, which is more than the U.S. (141,505)
Integra Life Sciences; Sklar Surgical Instruments; TEKNO-MEDICAL Optik-Chirurge GmbH; Stanford Health Care; Zimmer Biomet holdings, Inc.; Stanford Health Care; B. Braun Melsungen AG; Blink Medical Ltd.; Shoyukai; Bolton Surgical Ltd.; Integra Life Sciences; Karlz Storz; and BMT Medizintechnik GmbH.
Brow Lift & Forehead Lift
Pediatric Oculoplastic surgery
End Use Type
Hospitals & Clinics
Ambulatory Surgical Centers
Middle East & Africa
The Oculoplastic Surgery market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Oculoplastic Surgery market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Oculoplastic Surgery market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Oculoplastic Surgery market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Oculoplastic Surgery market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Oculoplastic Surgery capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Oculoplastic Surgery by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Oculoplastic Surgery market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Oculoplastic Surgery market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Oculoplastic Surgery market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Oculoplastic Surgery industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Oculoplastic Surgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Oculoplastic Surgery market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Oculoplastic Surgery market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Oculoplastic Surgery market. These factors have benefited the growth of the global market for Oculoplastic Surgery. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Oculoplastic Surgery. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Oculoplastic Surgery are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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