Oculoplastic Surgery Market Worth $11.0 Billion by 2026 | CAGR: 5.72%: Grand View Research, Inc.

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26 Nov, 2019, 10:05 GMT

SAN FRANCISCO, Nov. 26, 2019 /PRNewswire/ -- The global oculoplastic surgery market size is expected to reach USD 11.0 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to register a 5.72% CAGR over the forecast period. The market is primarily driven by the rising geriatric population, increasing number of oculoplastic surgical procedures, and technological advancements in the medical aesthetics industry. Furthermore, increasing patient awareness and rising disposable income are also fueling the growth. Factors such as the rising disposable income, standard of living, social media influence, and awareness among people are anticipated to bode well for the growth.

Key suggestions from the report:

North America accounted for the largest market share in 2018, owing to the presence of favorable reimbursement policies, presence of key players, and supportive government initiatives
By procedure, eyelid segment accounted for the largest market share and is expected to maintain its dominance during the forecast period. In 2015, over 1,264,702 eyelid surgeries were performed globally
Browlift and forehead lift segment is expected to register the fastest growth during the forecast period owing to high adoption of this surgery
Some of the key companies in the oculoplastic surgery market are Integra Life Sciences; Anthony Product, Inc.; Sklar Surgical Instruments; B. Braun Melsungen AG; Blink Medical Ltd.; Bolton Surgical Ltd.; Integra Life Sciences; and Karlz Storz. These players are focusing on new product launches to introduce advanced services

Read 110 page research report with ToC on "Oculoplastic Surgery Market Size, Share & Trends Analysis Report By Procedure (Eyelid, Face Lift, Brow Lift, Orbital Pediatric), By End Use (Hospitals and Clinics, Ambulatory Surgical Centers), And Segment Forecasts, 2019 - 2026'' at: https://www.grandviewresearch.com/industry-analysis/oculoplastic-surgery-market

According to the results from a survey conducted by the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), social media has massive impact on aesthetics, especially in the way consumers perceive and project themselves. The survey results highlighted that 55% of facial plastic surgeons consulted patients who wanted to look better in selfies in 2017, showing a 13% increase from the previous year.

With a wide range of oculoplastic surgery procedures available in the market, more people are willing to undergo such treatment due their affordability and feasibility. Furthermore, rising medical tourism and better reimbursement policies are also boosting the market growth. According to the Journal of Medicine, the number of medical tourists to all countries was estimated to be 14 million to 16 million in 2017. The medical tourism market is anticipated to witness significant growth over the forecast period, which is expected to bode well for the overall market for oculoplastic surgery.

Grand View Research has segmented the global oculoplastic surgery market based on procedure, end use, and region:

Oculoplastic Surgery Procedure Outlook (Revenue, USD Million, 2015 - 2026)

Eyelid Surgery
Face Lift
Brow Lift & Forehead Lift
Pediatric Oculoplastic surgery
Orbital Surgery

Oculoplastic Surgery End Use Outlook (Revenue, USD Million, 2015 - 2026)

Hospitals & Clinics
Ambulatory Surgical Centers

Oculoplastic Surgery Regional Outlook (Revenue, USD Million, 2015 - 2026)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain

Asia Pacific

Japan
China
India
South Korea
Australia

Latin America

Mexico
Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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