Pune, April 07, 2023 (GLOBE NEWSWIRE) -- A global Healthcare business consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Blepharoplasty Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Blepharoplasty Market from a global point and regional standpoint. Over the forecast period, Maximize Market Research expects, the market to grow from USD 4.3 Mn in 2022 to USD 7.6 Mn in 2029 at a CAGR of 8.5 percent.
Blepharoplasty Market Report Scope and Research Methodology
Market Size in 2022 | USD 4.3 Mn. |
Market Size in 2029 | USD 7.6 Mn. |
CAGR | 8.5 percent (2023-2029) |
Forecast Period | 2023-2029 |
Base Year | 2022 |
Number of Pages | 281 |
No. of Tables | 116 |
No. of Charts and Figures | 115 |
Segment Covered | Gender, Type, and Service Provider. |
Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Report Coverage | Market Share, Size & Forecast by Revenue | 2023-2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Primary and secondary data sources are used for the data collection in the report. The research process entails the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as Blepharoplasty industry risks, opportunities, market barriers, and challenges. All conceivable elements influencing the markets included in the research report have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data.
The Blepharoplasty Market size by region was estimated using the bottom-up approach. Online interviews with respondents chosen from the entire business ecosystem were conducted as part of the primary research. Representatives from the hospital, healthcare, and food and beverage industries are among the primary respondents. To validate the key findings, emerging manufacturing companies in the Blepharoplasty Industry were also interviewed. World Health Organization reports medical records, the National Center for Health Statistics, MIMC (Medical Information Mart for Intensive Care), and Health Data APIs were used in the secondary research. The Blepharoplasty Market report includes a detailed list of sources. Government databases, annual reports of publicly traded companies, and paid databases for unorganized players have also been mentioned. PORTER and PESTLE analyses were used to understand the potential impact of macro and microeconomic factors on the Blepharoplasty Market.
Blepharoplasty Market Overview
Blepharoplasty, also known as eyelid surgery, is a cosmetic treatment that involves reshaping or removing excess skin, fat, or muscle from the upper and lower eyelids. It is frequently used to enhance the appearance of the eyes and make them appear more youthful. Blepharoplasty may be performed in some instances to treat medical conditions such as droopy eyelids, which can cause vision problems. The procedure's aim is to create a smoother, more youthful appearance. It is usually performed under local anesthesia. The surgeon creates incisions in the eyelids and removes excess tissue during the operation.
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Blepharoplasty Market Dynamics
The increasing prevalence of vision impairment due to an aging population, as well as the rising demand for blepharoplasty, drive the growth of the blepharoplasty market. Furthermore, the rising prevalence of vision impairment due to conditions such as dermatochalasis drives market development. Due to visual field defects, dermatochalasis causes problems with primary vision, reading, and visual functions. Furthermore, lower eyelid sagging causes the lower lashes to rub against the eye, causing irritation, redness, and even corneal injury. In the geriatric population, these circumstances result in fewer visual sights and greater mobility disability.
According to a case study published in the "Journal of Ophthalmology," in April 2020, 30 percent of the population aged 65 and later will die or become permanently disabled as a result of falling once a year or more. Furthermore, according to the same source, every 10 percent loss in the visual field corresponds to an 8 percent increased chance of falls in adults over the age of 65. Thus, an increase in the prevalence of risk associated with dermatochalasis, as well as an indirect increase in mobility impairment in the geriatric population due to excessive accumulation of fat in the upper eyelid, is expected to drive the development of the blepharoplasty market during the forecast period.
Blepharoplasty Market Regional Insights
North America dominated the blepharoplasty market in 2022 and is expected to continue the growth streak throughout the forecast period. This has resulted from high demand for cosmetic procedures in the United States and Canada, as well as the availability of a significant number of skilled plastic surgeons. Furthermore, much North American insurance plans cover blepharoplasty as a medically necessary surgery for patients with vision impairment caused by sagging eyelids.
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Blepharoplasty Market Segmentation
By Gender
- Female
- Male
Based on the Application, The blepharoplasty market is divided into two gender segments: female and male. The female segment dominated the market in 2021 and is expected to do so again during the forecast period.
By Type
- Upper Eyelid Blepharoplasty
- Lower Eyelid Blepharoplasty
- Combination Eyelid Surgery
Based on Age, The Upper eyelid surgery segment dominated the global market in 2021 and is expected to continue to do so during the forecast period, owing to the fact that most patients prefer upper eyelid surgery because it provides improved vision, less double vision, and a more youthful appearance.
By Service Provider
- Hospital pharmacies
- Drug and retail store pharmacies
- Online providers
Based on the Service Provider, The market is divided into three segments: hospitals, clinics, and ambulatory surgical centers. The hospital segment dominated the global market in 2021 and is expected to maintain this dominance throughout the forecast period.
Blepharoplasty Market Key Competitors include:
- Allergan
- Merz Pharma
- Alma Lasers
- Johnson & Johnson
- Galderma
- Zimmer Biomet
- Hologic
- Valeant Pharmaceuticals International
- Sientra
- Erchonia Corporation
- Cynosure
- Abbvie Inc
- LightScalpel
- Lumenis
- Medtronic plc
- Surgical Holdings Ltd.
- Medline industries, inc.
- Sisram Medical Ltd
- Grand Aespio Inc.
- London Bridge Plastic Surgery
- M A Corporation
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application, Type, Service Provider, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Key questions answered in the Blepharoplasty Market are:
- What is the growth potential of the Blepharoplasty Market?
- What was the Blepharoplasty Market size in 2022?
- What are the global trends in the Blepharoplasty Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Blepharoplasty Market?
- How the intervention from regulatory authority is shaping the Blepharoplasty Market?
- What growth strategies are the players considering to increase their presence in the Blepharoplasty Market?
- Who are the leading companies and what are their portfolios in Blepharoplasty Market?
- What are the major challenges posed to Blepharoplasty Market?
- Who held the largest market share in Blepharoplasty Market?
Maximize Market Research is leading Healthcare research firm, has also published the following reports:
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Safety Eyewear Market - The Safety Eyewear Market is expected to reach USD 3.60 Bn. by 2029 from USD 2.59 Bn. in 2021 at a CAGR of 4.2 percent during a forecast period. The rapid growth of the construction and industrial industries is driving the global safety eyewear market. In several sectors and regions, governments have passed regulations addressing worker safety, which is likely to enhance the demand for the product.
Eye Testing Equipment Market - The Eye Testing Equipment Market size is USD 3.21 Bn and is expected to reach USD 4.74 Bn. by the year 2029 at a CAGR of 5 percent during the forecast period. The Emergence of micro-optic, micromechanics, and micro-electric technologies in eye testing procedures drive the global market in the forecast period.
Eye Health Supplements Market - The Eye Health Supplements Market size is USD 1.50 Bn and is expected to reach USD 2.40 billion by 2029, with a CAGR of 6.1 percent between 2022 and 2029. The rising prevalence of eye problems among the elderly would propel the global Eye Health Supplements Market to considerable growth.
Eye Drops and Lubricants Market - The Eye Drops and Lubricants Market size is USD 18.36 Bn and is growing at a CAGR of 5.1 percent during the forecast period and the market size is expected to reach nearly USD 27.33 Bn. by 2029. The growing prevalence of trachoma in developing and below- countries, coupled with authorities’ tasks with the help of NGOs in order to eliminate trachoma is resulting in excessive demand for eye drops and lubrication.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial Distribution channels, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated Ages. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.