Oculoplastic Surgery Market Overview and Growth Forecast
The oculoplastic surgery market is set to experience significant growth in the coming years, with a projected CAGR of 5.7% during the forecast period from 2024 to 2031. Oculoplastic surgery involves procedures around the eyes, which can be done for medical reasons or for cosmetic purposes. These procedures are typically performed by eye doctors with specialized training in plastic or reconstructive surgery.
One of the key factors driving the growth of the oculoplastic surgery market is the increasing prevalence of eye-related disorders such as blurry vision, wrinkles near the eyes, and droopy eyes. In 2017, over 1.3 million eyelid procedures were performed globally, according to the American Society of Aesthetic Plastic Surgery. Additionally, approximately 17 million plastic surgery procedures were carried out in the U.S. alone in the same year.
The market is also expected to benefit from the rise in medical tourism and improved reimbursement policies in both developed and developing economies. This is anticipated to have a positive impact on the oculoplastic surgery market in the foreseeable future.
The market segmentation includes various procedures such as eyelid surgery, face lift, brow lift, pediatric oculoplastic surgery, and orbital surgery. End users of oculoplastic surgery services include hospitals, clinics, ambulatory surgical centers, ophthalmology clinics, and eye research institutes.
Regionally, North America, Europe, Asia-Pacific, and the rest of the world are key markets for oculoplastic surgery. Key players in the market include Antibe Therapeutics Inc., B. Braun Melsungen AG, Blink Medical Ltd., and others.
For more information on the oculoplastic surgery market, including market value data analysis, country-wise analysis, and company profiles, interested parties can access the full report at the provided link.
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