The global plastic surgery instruments market was valued USD 962.7 million in 2018 and is projected to grow at a CAGR of 8.8% over the forecast period driven by the increasing adoption of minimally invasive and non-invasive procedures coupled with growth in a population prone to experiencing aging signs. Moreover, growth in road accidents is fueling demand for reconstructive surgeries which is supporting the growth of plastic surgeries market globally.
Plastic surgeries are performed to regenerate, restore or replace the body parts, such as cranio and maxillofacial, skin, hand, breast, musculoskeletal, and torso. Rise in awareness for age-related surgeries on the global scale, increase in number of plastic surgeries, and rise in spending power of consumers are few other key drivers of the market. Increasing incidences of cancer, which may require plastic surgery is also stimulating the demand for plastic surgery.
In terms of product, the market in divided into handheld surgical instruments and electrosurgical instruments. Handheld surgical instruments are further divided into forceps, retractors, graspers, auxiliary instruments, cutter instruments, elevators, chisels & gouges, sutures & staplers, cannulas, and dissectors. Electrosurgical devices are also categorized into bipolar and monopolar instruments.
On the basis of procedures, plastic surgery instruments market is segmented into face and head procedures, breast procedures, body & extremities, and reconstruction surgeries. According to statistics by the American Society of Plastic Surgeons’, over 1.8 million surgeries were performed in the U.S. in 2018, of which breast augmentation, liposuction, eyelid, and tummy tuck surgery were most commonly performed. Signs of aging such as wrinkles, lack of skin elasticity, and dark spots start appearing between 25 and 30 years of age and become more prominent from 30 to 65 years of age. Thus, presence of population prone to experience various signs of aging coupled with technological advancements is further pushing the demand for plastic surgeries globally.
Asia Pacific region is anticipated to emerge as the fastest-growing region over the forecast period owing to increasing use of aesthetics, which ultimately increases the demand for cosmetic surgeries and strong presence of large number of plastic surgery specialists.
The trend of combination treatments in aesthetics is also on a rise. Aesthetics is now being combined with lasers and radiofrequency to get smoother and sustained results. Scientists at the University of California, Irvine and Occidental College are researching on performing surgeries with the help of electricity. Some tissues in the body, such as joints, ears, and cornea possess collagen-rich extracellular matrix that can be operated with the help of electric current. No heating of tissues or damage is done while performing surgery, since very low current is used. Growing number of surgeons due to wider scope of plastic surgery is an opportunity for the market players to introduce more innovative instruments and expand their customer base.
The key players in the industry are Sklar Surgical Instruments, Zimmer Biomet holdings, Inc., B. Braun Melsungen AG, Blink Medical Ltd., Bolton Surgical Ltd., Integra Life Sciences, TEKNO-MEDICAL Optik-Chirurge GmbH, Karlz Storz, BMT Medizintechnik GmbH, and Anthony Product, Inc.
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