Market Insights Health Medical Technology Medical Devices

General & Plastic Surgery Devices - Portugal

Portugal

In Portugal, the General & Plastic Surgery Devices market market is expected to witness a significant growth in revenue, with projections indicating a reach of US$130.70m by the year 2024.
Furthermore, it is anticipated that there will be a steady annual growth rate of 3.40% between 2024 and 2028, leading to a market volume of US$149.40m by the end of 2028.
When compared globally, it is noteworthy that the United States will generate the highest revenue in this market, with an estimated value of US$10,150.00m in 2024.
Portugal is experiencing a growing demand for advanced plastic surgery devices, driven by the country's increasing focus on aesthetic procedures.

Key regions: China, Japan, Italy, United States, Netherlands

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Analyst Opinion

The General & Plastic Surgery Devices market in Portugal is experiencing steady growth due to increasing customer preferences for cosmetic procedures, technological advancements in surgical devices, and favorable local special circumstances. Customer preferences in Portugal are driving the growth of the General & Plastic Surgery Devices market. There is a growing demand for cosmetic procedures, both surgical and non-surgical, as individuals seek to enhance their physical appearance. The desire to look youthful and attractive is a common trend among consumers, leading to an increased demand for plastic surgery devices. Additionally, the growing awareness of the benefits of cosmetic procedures and the influence of social media have further fueled the demand for these devices. Technological advancements in surgical devices have also contributed to the growth of the market in Portugal. The development of innovative and minimally invasive surgical devices has made plastic surgery procedures safer, more effective, and less invasive. These advancements have attracted both patients and surgeons, leading to an increased adoption of plastic surgery devices. The availability of advanced devices has also expanded the range of procedures that can be performed, further driving market growth. Portugal benefits from favorable local special circumstances that support the growth of the General & Plastic Surgery Devices market. The country has a well-established healthcare system with skilled healthcare professionals, which instills confidence in patients seeking plastic surgery procedures. Additionally, Portugal is known for its affordable healthcare services compared to other European countries, making it an attractive destination for medical tourism. The combination of high-quality healthcare services and competitive pricing has contributed to the growth of the market. Underlying macroeconomic factors also play a role in the development of the General & Plastic Surgery Devices market in Portugal. The country's stable economic growth and rising disposable incomes have increased the affordability of cosmetic procedures for a larger segment of the population. As individuals have more discretionary income, they are more willing to invest in their appearance and undergo plastic surgery procedures. This has created a favorable market environment for the growth of the General & Plastic Surgery Devices market. In conclusion, the General & Plastic Surgery Devices market in Portugal is experiencing growth due to increasing customer preferences, technological advancements in surgical devices, favorable local special circumstances, and underlying macroeconomic factors. The demand for cosmetic procedures, advancements in surgical devices, and the affordability of healthcare services are driving the growth of the market in Portugal.

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.