Global Hernia Mesh Market - Trends & Forecast, 2018-2025
EXRHC002 | June 2018 | Global | 82 | Publsihed
"As of 2017, the plastic surgery instrument market was valued at USD xx billion and is projected to reach USD xx billion by 2025, growing at a CAGR of xx% during the study period. Owing to technical complexities, time and money invested in the production process of instruments, it is classified under the moderately price-sensitive product. Price sensitiveness points out that the current consumption is concentrated in developed countries and affluent population of developing countries. With technological advancement and increase in disposable income of developing countries, plastic surgery instruments market forecasts bright future prospects for the industry. The plastic surgery instruments market is fragmented globally with no major company/companies dominating the industry. There is an ample opportunity for the regional players of developing countries to tap the market and accelerate growth. On the geopolitical front, politically motivated measures like Brexit and overt trade protectionism by the U.S. can be perceived as a silver lining for developing countries to enter the unexplored territory of plastic surgery instruments. The reconstructive and cosmetic surgeries are considered as major application of plastic sugery instruments. Cosmetic surgeries account for around xx% of the total surgeries of which women comprise a major share of xx%. However, presence of stringent safety regulations and growing adoption of nonsurgical approaches has had a negative impact on the demand for the surgeries consequently impacting instruments industry. The key target population for cosmetic surgeries are women holding majority of the share, around 90% of the total population. However, cosmetic procedures among the male population are expected to rise, during the forecast period, owing to increasing concern regarding aesthetic looks. "