Mastopexy Market Scenario
The market for mastopexy market is anticipated to reach USD 1.9 Billion by 2032 at 5.7% CAGR during the forecast period 2023-2032.Mastopexy is a plastic surgery mammoplasty procedure for raising the sagging breasts by removing excess skin and tightening the surrounding tissues to reshape and support the new breast contour. A woman's breasts changes over time and becomes susceptible to ptosis or sagging due to aging, weight fluctuations, breastfeeding and pregnancy. Factors such as growing female geriatric population and increasing demands for aesthetic procedures are the major drivers for the market growth during the forecast period. According to the United Census Bureau, the global-female-geriatric population is estimated to reach 4,139 million by 2030 from 3,601 million as recorded in 2015. Moreover, increasing healthcare expenditures along with the growing demands for outpatient surgeries is boosting the market growth. However, factors such as high cost along with the complications of extrusion, seroma, and scarring associated with surgery are projected to restrain the market growth.
- Pharmaceutical Companies
- Biotechnological Institutes
- Research And Development (R&D) Companies
- Medical Research Laboratories
- Aesthetic Clinics and Ambulatory Surgery Centers
- Market Research And Consulting Service Providers
Figure 1:- Global Mastopexy Market share, by Region Sources: United Census Bureau, American Society of Plastic Surgeons, British Association of Aesthetic Plastic Surgeons, International Society of Plastic Surgery, WHO, annual reports, press release, white paper, and company presentation
The mastopexy market is segmented on the basis of tissue incision, technique, application, and end user. On the basis of the tissue incision, the market is segmented into skin, adipose, glandular, and others. On the basis of the technique, the market is categorised into anchor pattern, inverted-T incisions, lollipop pattern, and others. On the basis of the application, the market is segmented into sagging breast, augmented breast, and others. On the basis of end users, the market is segmented into hospitals & clinics, ambulatory surgery centres, and others.
Key players for mastopexy market
ALLERGAN (Ireland), Mentor Worldwide LLC (U.S.), GC Aesthetics (Dublin), LIPOELASTIC (England), Cynosure, Inc. (U.S.), POLYTECH Health & Aesthetics (Germany), Sientra, Inc. (U.S.), and others are some of the major players in the mastopexy market.
Sources: United Census Bureau, American Society of Plastic Surgeons, British Association of Aesthetic Plastic Surgeons, International Society of Plastic Surgery, WHO, annual reports, press release, white paper, and company presentation
The Americas dominates the mastopexy market owing to increasing adoption of new technologies, and developed healthcare sector. Moreover, rising healthcare expenditure and growing female geriatric population within the region boosts the market growth. Additionally, the presence of the developed economies and major market players within the region fuels the market growth.
Europe is the second largest Mastopexy Market owing to rising per capita healthcare sector and increasing demands for aesthetics. On regional basis, Europe is divided into Western Europe and Eastern Europe. Western Europe leads the regional mastopexy market due to the presence of developed economies like France, Germany, and Italy. On the other hand, Eastern Europe is estimated to be the fastest growing region within Europe.
Asia Pacific region is the fastest growing Mastopexy Market. Increasing awareness for women health, growing healthcare sector, and changing lifestyle are the major drivers for the market growth within the region. Moreover, the presence of the economies like Australia and China, which are marked by increasing number of cosmetic procedures within the Asia Pacific region, fuels the market growth. According to the International Society of Plastic Surgery in 2016, approximately 225,002 cosmetic procedures were performed in Australia.
The Middle East & Africa has the least share in the mastopexy market due to presence of poor economies and stringent government policies, especially in the African region. Majority of the market of the Middle East & Africa is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure by the presence of the economies like Saudi Arabia, Kuwait and Qatar within the region.
Frequently Asked Questions (FAQ) :
mastopexy market is projected to grow at a 5.7% CAGR between 2023-2032.
The Americas is projected to command the largest share in the mastopexy market.
Key players profiled in the mastopexy market include Sientra, Inc. (U.S.), POLYTECH Health & Aesthetics (Germany), Cynosure, Inc. (U.S.), LIPOELASTIC (England), GC Aesthetics (Dublin), Mentor Worldwide LLC (U.S.), and ALLERGAN (Ireland).
Demand for aesthetic procedures and increase in outpatient surgeries are the key factors driving the mastopexy market growth.
High cost and complications may limit the mastopexy market growth.
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