Worldwide Mastopexy Market | Estimated to CAGR will Grow at 7.0% | Forecast till 2023

Mastopexy Market

Market Research Future published a half-cooked research report on global mastopexy market. Global Mastopexy Market Growing Female Geriatric Population and Increasing Demands and Will Grow at an Approximate CAGR of 7.0% during Forecasted Period 2017-2023

Rising female geriatric population and growing demands for aesthetic procedures are estimated to drive the market growth during the forecast period. Additionally, increasing healthcare expenditures along with the growing demands for outpatient surgeries is boosting the market growth. However, factors such as high cost for mastopexy followed by complications of extrusion, seroma, and scarring are estimated to restrain the market growth during the forecast period.

The global mastopexy market is expected to grow at an approximate CAGR of 7.0% during the forecast period.

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The Americas holds the largest share of the global mastopexy market. Factors such as, increasing adoption of new technologies, rising healthcare expenditure along with the growing female geriatric population drives the market growth within the region. Europe is the second largest market for mastopexy owing. Rising per capita healthcare sector and increasing demands for aesthetics drives the European market growth. On regional basis, Europe is divided into Western Europe and Eastern Europe. Western Europe leads the regional mastopexy market. However, Eastern Europe is estimated to be the fastest growing region within Europe. Asia Pacific region is estimated to be the fastest growing mastopexy market. Increasing awareness for women health, growing healthcare sector, changing lifestyle are the major drivers for the market growth within the region. Moreover, the presence of economies like Australia, India, and China facilitates the market growth. According to the Indian Brand Equity Foundation in 2017, Indian healthcare sector was estimated to be one of the fastest growing industries. Moreover, it was estimated to advance at a CAGR of 22.87% during 2015-20 and reach USD 280 billion by 2020. The Middle East & Africa holds the least share in the global mastopexy market. Presence of poor economies and stringent government policies, especially in the African region restrains the regional market growth. Majority of the mastopexy market of the Middle East & Africa is held by the Middle East.

Key Players

ALLERGAN (Ireland), Mentor Worldwide LLC (U.S.), GC Aesthetics (Dublin), LIPOELASTIC (England), Cynosure, Inc. (U.S.), POLYTECH Health & Aesthetics (Germany), Sientra, Inc. (U.S.), and others are some of the major players in the global mastopexy market.

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The global mastopexy market is segmented on the basis of tissue incision, technique, application and end user. On the basis of the tissue incision, the market is segmented into skin, adipose, glandular, and others. On the basis of the technique, the market is categorised into anchor pattern, inverted-T incisions, lollipop pattern, and others. On the basis of the application, the market is segmented into sagging breast, augmented breast, and others. On the basis of end users, the market is segmented into hospitals & clinics, ambulatory surgery centres, and others.

Europe is the second largest market for mastopexy owing to rising per capita healthcare sector and increasing demands for aesthetics. On regional basis, Europe is divided into Western Europe and Eastern Europe. Western Europe leads the regional mastopexy market due to the presence of developed economies like France, Germany, and Italy. On the other hand, Eastern Europe is estimated to be the fastest growing region within Europe.

Asia Pacific region is the fastest growing market for mastopexy. Increasing awareness for women health, growing healthcare sector, and changing lifestyle are the major drivers for the market growth within the region. Moreover, the presence of the economies like Australia and China, which are marked by increasing number of cosmetic procedures within the Asia Pacific region, fuels the market growth. According to the International Society of Plastic Surgery in 2016, approximately 225,002 cosmetic procedures were performed in Australia.

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The Middle East & Africa has the least share in the global mastopexy market due to presence of poor economies and stringent government policies, especially in the African region. Majority of the market of the Middle East & Africa is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure by the presence of the economies like Saudi Arabia, Kuwait and Qatar within the region.

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