Global Oculoplastic Surgery Market by End Use (Ambulatory Surgical Centers, Hospitals, Clinics), by Procedure (Eyelid, Orbital Pediatric, Brow Lift, Face Lift) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global oculoplastic surgery market was worth USD 7.1 billion in 2018. It is forecast to grow at a CAGR (5.72%) during the forecast period. This growth is mainly due to increased consumer awareness and a growing geriatric population susceptible to the signs of aging. The market is also being driven by the availability of safer and more affordable procedures thanks to technological advances. Market growth is expected to be driven by a growing urban population and the availability of multiple procedures. There are also increasing numbers of plastic surgeons around the world.

Oculoplastic surgery, also known as ocular plastic surgery, refers to procedures that are performed around the eyelids, orbits, and/or face. Oculoplastic surgery is generally done to improve the appearance of patients. Oculoplastic surgery is expected to grow because of the advancements in non-invasive methods that offer benefits such as quick recovery and same-day procedures. These procedures have been shown to reduce the risk of complications after surgery, which will be a boon for market growth.

Market growth is expected to be aided by the increasing prevalence of eye-related conditions such as blurry vision and wrinkles near the eyes. The American Society of Aesthetic Plastic Surgery reports that more than 1.3 million eyelid surgeries were performed worldwide in 2017. In the same year, 17 million procedures for plastic surgery were performed in the United States alone. The future growth of the market for oculoplastic surgeries will be influenced by the development of more medical tourism as well as improved reimbursement policies in both developing and developed economies.

Other factors that are driving market growth include rising disposable income, acceptance of various oculoplastic surgery, and willingness to invest in aesthetic surgeries. Consumers in the medical aesthetics market have been influenced by celebrities and social media. Multiple studies in the U.K. have shown that 55% of facial surgeons reported that patients were motivated by the desire to look better in selfies, up from 13% in 2016. There is a growing demand for aesthetic medical procedures offered by beauty salons. They are constantly pledging to improve their equipment. The advent of minimally invasive surgery may limit the demand for oculoplastic procedures during the forecast period.

Procedure Insights

In 2018, the eyelid surgery segment was the most important. The largest market size in 2018 was for eyelid surgery Also known as blepharoplasty or eyelift, this procedure removes excess skin and bags from the upper eyelids. The segment is expected to grow due to a growing geriatric population that is more susceptible to vision impairments and problems such as sagging eyelids.

In 2018, the browlift and facial segment was valued at USD 557.40 millions. It is projected to grow at 6.23% CAGR during the forecast period. This segment's high growth rate is due to its benefits, including reducing eye bags and puffiness under the eyes and tightening the soft tissues around the forehead for a younger appearance. According to statistics from the American Society of Aesthetic Plastic Surgery, there were approximately 249,343 procedures for brow lifts in 2017. This number is forecast to rise significantly over the forecast period.

End Use Insights

The market share for ambulance surgical centers was over 60% in 2018. This segment will continue to dominate the market during the forecast period. This is due to an increasing number of outpatient procedures that don't require hospitalization. The availability of an ambulatory surgery centre has helped transform healthcare facilities and the market for medical equipment. These centers offer surgical procedures at a fraction of the cost of hospitals. There were 5,700 ambulatory surgery centers in the United States with a combined revenue of USD 35 billion.

The hospital segment is expected to see significant growth over the forecast period. This segment is driven by the increasing incidence of eye diseases, the development of healthcare infrastructure, rising healthcare spending, and the increasing private sector. Segment growth is also driven by factors like the availability of highly qualified surgeons as well as advanced medical equipment.

Regional Insights

Due to its growing market share and high costs of treatment, North America dominated the market in 2018. North America is home to a large population. The millennial aesthetic use rate has tripled in the last four years. The high number of procedures performed in the United States made the U.S the dominant regional market in oculoplastic surgeries in that same year. According to the American Society of Aesthetic Plastic Surgeons, blepharoplasty-removal of excess tissue around the eyelids-is one of the most common cosmetic procedures performed in the country. In the United States, 115,000 blepharoplasty surgeries were performed in 2018.

Asia Pacific will experience the fastest CAGR (6.62%) during the forecast period. Regional growth is driven by the differences in plastic surgery costs between developed and developing countries. Japan leads the APAC region due to its large population of beauty-conscious people and growing aging population. The International Society of Aesthetic Plastic estimates that approximately 90% of cosmetic surgery performed on the face was done in 2017. The rise in eye-related surgery is expected to drive Latin America's growth in the future. According to the International Society of Aesthetic Plastics, Brazil had 159,720 eyelid surgeries in 2017. This is higher than the U.S. (141 505)

Market Share Insights & Key Companies

Integra Life Sciences, Sklar Surgical Instruments, TEKNOMEDICAL Optik–Chirurge GmbH; Stanford Health Care. These companies are looking to collaborate and launch new products to offer advanced services to patients undergoing oculoplastic surgeries around the world.

Oculoplastic Surgery Market Report Scope

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the global, regional and country level as well as an analysis of industry trends in each sub-segment from 2015 to 2026. Grand View Research has divided the global oculoplastic surgeon market report by procedure, end use and region.

• Procedure (Revenue USD Million, 2015-2026)

  • Eyelid Surgery

  • Face Lift

  • Brow Lift & Forehead Lift

  • Pediatric Oculoplastic Surgery

  • Orbital Surgery

• End Use Type (Revenue in USD Millions, 2015-2026)

  • Hospitals & Clinics

  • Ambulatory Surgical Centers

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

These are the most frequently asked questions about this report

b. Global oculoplastic surgery market was valued at USD 7,481.8 Million in 2019. It is projected to grow to USD 7,894.0 Million in 2020.

b. Global oculoplastic surgery is forecast to grow at a compound annual rate of 5.7% between 2019 and 2026, reaching USD 11,047.2 million in 2026.

b. With a 30.2% share in 2019, North America dominated the market for oculoplastic surgeries. This is due to the increasing number of procedures, the large population and millennial aesthetic user rates, as well as the high price of the treatment.

b. b.

b. The market growth is being driven by technological advancements, increasing eye-related conditions, and an increase in the number of age-related Oculoplastic surgery.

Up Market Research published a new report titled “Oculoplastic Surgery Market research report which is segmented by End Use (Ambulatory Surgical Centers, Hospitals, Clinics), by Procedure (Eyelid, Orbital Pediatric, Brow Lift, Face Lift), By Players/Companies Inc; Stanford Health Care; B Braun Melsungen AG; Blink Medical Ltd; Shoyukai; Bolton Surgical Ltd; Integra Life Sciences; Karlz Storz; and BMT Medizintechnik GmbH, Integra Life Sciences; Sklar Surgical Instruments; TEKNO-MEDICAL Optik-Chirurge GmbH; Stanford Health Care; Zimmer Biomet holdings”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Oculoplastic Surgery Market Report Segments:

The market is segmented by End Use (Ambulatory Surgical Centers, Hospitals, Clinics), by Procedure (Eyelid, Orbital Pediatric, Brow Lift, Face Lift).

Oculoplastic Surgery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Oculoplastic Surgery Market

Overview of the regional outlook of the Oculoplastic Surgery Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Oculoplastic Surgery Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Oculoplastic Surgery Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Ambulatory Surgical Centers

                2. Hospitals

                3. Clinics

                1. Eyelid

                2. Orbital Pediatric

                3. Brow Lift

                4. Face Lift

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Oculoplastic Surgery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Oculoplastic Surgery Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.