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General & Plastic Surgery Devices - United States

United States

In the context of the United States, the General & Plastic Surgery Devices market market is anticipated to witness a significant revenue growth.
The projected revenue for this market in the country is estimated to reach US$10.15bn by the year 2024.
Looking ahead, the market is expected to exhibit a compound annual growth rate (CAGR) of 4.64% during the period of 2024-2028.
This growth trajectory is predicted to result in a market volume of US$12.17bn by the year 2028.
It is worth noting that the in the United States is poised to generate the highest revenue globally, with US$10.15bn projected for the year 2024.
The United States is witnessing a surge in demand for advanced general and plastic surgery devices, driven by technological advancements and growing disposable income.

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

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Analyst Opinion

The General & Plastic Surgery Devices market in United States is experiencing significant growth and development.

Customer preferences: Customers in the General & Plastic Surgery Devices market in United States have shown a strong preference for technologically advanced and minimally invasive devices. They are increasingly seeking procedures that offer shorter recovery times and produce more natural-looking results. This has led to a growing demand for devices such as laser systems, injectables, and non-surgical body contouring devices. Additionally, customers are becoming more conscious of the safety and efficacy of the devices used in their procedures, leading to a greater demand for FDA-approved devices.

Trends in the market: One of the key trends in the General & Plastic Surgery Devices market in United States is the increasing popularity of non-surgical procedures. This trend is driven by factors such as the desire for less invasive treatments, shorter recovery times, and lower costs. Non-surgical procedures such as Botox injections, dermal fillers, and laser treatments are gaining traction among customers as they offer effective results without the need for surgery. Additionally, there is a growing trend of combination treatments, where multiple non-surgical procedures are performed together to achieve comprehensive results. Another trend in the market is the rising demand for body contouring devices. With the increasing focus on fitness and body aesthetics, customers are seeking devices that can help them achieve their desired body shape. Non-surgical body contouring devices such as radiofrequency and ultrasound devices are gaining popularity as they offer a non-invasive alternative to traditional surgical procedures like liposuction. These devices use advanced technologies to target and eliminate fat cells, resulting in a more contoured and toned appearance.

Local special circumstances: The General & Plastic Surgery Devices market in United States is highly competitive, with a large number of manufacturers and suppliers operating in the country. This has led to a wide range of options available to customers, allowing them to choose from a variety of devices and technologies. Additionally, the presence of leading medical institutions and research centers in the country has contributed to the development and adoption of innovative surgical techniques and devices. The United States is also known for its high healthcare expenditure, which has further fueled the growth of the General & Plastic Surgery Devices market.

Underlying macroeconomic factors: The growth of the General & Plastic Surgery Devices market in United States is influenced by several macroeconomic factors. The increasing disposable income of individuals, coupled with the rising awareness about aesthetic procedures, has contributed to the growth of the market. Additionally, the aging population in the country is driving the demand for anti-aging procedures, further boosting the market growth. Furthermore, advancements in technology and the availability of advanced surgical techniques have made plastic surgery more accessible and appealing to a wider customer base.

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.