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Blepharoplasty Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033
Blepharoplasty Market Overview
According to The Business Research Company's, The blepharoplasty market size has grown strongly in recent years. It will grow from $3.83 billion in 2023 to $4.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to aesthetic preferences and beauty standards, aging population demographics, increased awareness and acceptance, media and celebrity influence.
The blepharoplasty market size is expected to see strong growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising disposable income, cultural and social factors, customization of procedures, medical tourism and accessibility.. Major trends in the forecast period include focus on natural and youthful results, integration of technology for precision and safety, emergence of combination procedures, increased demand for ethnic-specific blepharoplasty, growing role of non-surgical alternatives..
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Market Drivers and Trends:
The increasing demand for cosmetic surgeries is expected to propel the growth of the blepharoplasty market going forward. Cosmetic surgeries refer to medical procedures performed to enhance or alter a person's physical appearance for aesthetic purposes. Cosmetic surgeries such as blepharoplasty help individuals improve the appearance of their eyelids and address issues with the upper eyelids, such as excess skin, drooping skin (dermatochalasis), and fat deposits that create a puffy appearance. For instance, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS), a US-based medical organization dedicated to facial plastic and reconstructive surgeries, the number of surgical and nonsurgical facial plastic surgery treatments performed in 2021 grew by 40% as compared to 2020, with roughly 1.4 million surgical and nonsurgical procedures performed in 2021. Therefore, the increasing demand for cosmetic surgeries will drive the growth of the home blepharoplasty market.
Major companies operating in the blepharoplasty market are focusing on development of advanced technologies such as plasma technology to gain the strong position in the market. The Plasma technology refers to the use of ionized gases, or plasmas, in a specialized medical device to perform non-surgical skin tightening and rejuvenation around the eyelids and other areas of the face. For instance, in January 2023, Apyx Medical Corporation, a US-based advanced energy technology company, launched the latest-generation Renuvion generator, the Apyx One Console. It is a multifunctional energy system designed for plastic and cosmetic surgeries by incorporating Renuvion technology (helium plasma and radiofrequency technology) along with monopolar and bipolar energy options. The console features adaptive touchscreens, procedural presets, cloud connectivity, remote upgrade capabilities, gas volume monitoring, and other advanced features that improve cosmetic surgical procedures, including eyelid surgery.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Zimmer Biomet Holdings Inc., Cynosure Technologies Pvt Ltd., Galderma SA, Bausch & Lomb Incorporated., Allergan Inc, Integra LifeSciences Inc., Merz Pharma GmbH & Co. KGaA, Corza Ophthalmology, Lumenis Ltd., Cutera Inc., Stille AB, Alma Lasers Ltd, Sciton Inc, Beaver-Visitec International Holdings Inc., Sklar Surgical Instruments, Hayden Medical Inc, Gulmaher Surgico, Titan Medical Inc., Luminera Derm Ltd, Jedmed Instrument Company., Xelpov Surgical, Surgitrac Instruments UK Limited, Grand Aespio Inc., Surgical Holdings, Surgipro Inc., LightScalpel Inc., SPIRAL Surgical Co., Carnegie Surgical LLC., Ambler Surgical LLC
Blepharoplasty Market 2024 Key Insights:
• The Blepharoplasty is expected to grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Rising Demand For Cosmetic Surgeries Fuels Growth Prospects In The Blepharoplasty Market
• Innovative Advancements In Plasma Technology Transforming The Blepharoplasty Market
• North America was the largest region in the blepharoplasty market in 2023
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