The Global Brachioplasty Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 7.6% CAGR during the forecast period.
Numerous people are being advised to undergo weight loss operations due to the increased prevalence of obesity. Therefore, the surgical segment would generate approximately 3/4th share of the market by 2030. As a result, it is likely to lead to a major increase in the market. Additionally, overweight and obesity are more common than they used to be in metropolitan areas of low- and middle-income countries when they were previously mainly an issue in high-income ones. Some of the factors impacting the market are growing adoption of cosmetic surgeries, rising ageing population, and limited Insurance Coverage.
Numerous social media platforms have expanded due to the accessibility of tablets, smartphones, laptops, and the Internet. People may now communicate with anyone worldwide via social media sites like Instagram and YouTube. Additionally, social media greatly influences viewers to follow the most recent trends. It has been observed establishing beauty standards are established for both genders and individuals of all sexes. Additionally, the prevalence of such treatments among middle-aged persons has been influenced by age anxiety, concerns about physical appearance changes, and a desire to look younger. For an appearance that makes them look younger, the majority of people are willing to spend money. People are also affected by the cosmetic procedures that well-known figures like use and promote as beneficial. Therefore, to fulfill the social media criteria for beauty and rise in aging population, the market would expand throughout the course of the projection period.
However, only individuals who can afford to pay for the surgery out of pocket can consider it when insurance coverage is either limited or nonexistent. Because of this, a smaller group of people may access the operation. This reduces the possible patient pool. Because a sizable number of potential customers are shut out, this lack of accessibility hinders market growth. In some circumstances, people could think about brachioplasty not only for cosmetic reasons but additionally for medical ones, like removing extra skin that hurts or infections on the skin. Missed possibilities for advancement could result from persons with valid medical grounds being prevented from having the surgery due to limited insurance coverage.
Additionally, the COVID-19 outbreak hampered operations in the global healthcare industry. The widespread COVID-19 has had a major effect on brachioplasty procedures. Strict lockdowns and social segregation policies were enacted in numerous nations throughout the world, which have disrupted the availability of healthcare facilities and decreased the number of people choosing brachioplasty. Many surgeons are therefore performing fewer brachioplasty procedures than they were before the outbreak. The blepharoplasty market, therefore, experienced moderate growth in 2021 and is anticipated to offer promising growth prospects over the forecast period.
On the basis of end-use, the market is classified into hospitals, and cosmetic surgery clinics. The cosmetic surgery clinics segment held the highest revenue share in the market 2022. The clinics' specific emphasis on aesthetics or beauty, increased delivery of individualized care, decreased waiting periods, and less risk of illness & infection can all be credited with the segment's growth. The safety of patients in these centers is further supported by several long-term patient trial data.
Based on procedure, the market is segmented into surgical and non-surgical. The non-surgical segment acquired a substantial revenue share in the market in 2022. The expansion can be assigned to the development of energy-based devices that tighten the tissues in the upper arm and minimize cellulite. Additionally, these devices integrate well with other technologies. Furthermore, this method can be applied in the early phases of skin sagging, enhancing product utilization.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 1.3 Billion |
| Market size forecast in 2030 | USD 2.3 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.6% from 2023 to 2030 |
| Number of Pages | 157 |
| Number of Table | 239 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Procedure, End-use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region led the market with the maximum revenue share in 2022. The population's high level of acceptability of cosmetic surgery, technological developments in surgical & non-surgical treatments, and the accessibility & availability of qualified specialists are all factors contributing to the expansion. The region's increasing use of weight-loss operations also contributes to the market's expansion.
Free Valuable Insights: Global Brachioplasty Market size to reach USD 2.3 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include New York Group for Plastic Surgery, Westlake Dermatology & Cosmetic Surgery, Ruby Plastic Surgery, Cadogan Clinic, UK Aesthetic, Centre for Surgery, Marroquin & Sandoval Plastic Surgery, Nazarian Plastic Surgery, B. Care Hospital.
By Procedure
By End-use
By Geography
This Market size is expected to reach $2.3 billion by 2030.
Growing adoption of cosmetic surgeries are driving the Market in coming years, however, Limited Insurance Coverage restraints the growth of the Market.
New York Group for Plastic Surgery, Westlake Dermatology & Cosmetic Surgery, Ruby Plastic Surgery, Cadogan Clinic, UK Aesthetic, Centre for Surgery, Marroquin & Sandoval Plastic Surgery, Nazarian Plastic Surgery, B. Care Hospital.
The expected CAGR of this Market is 7.6% from 2023 to 2030.
The Surgical segment is registering maximum revenue in the Market by Procedure in 2022; thereby, achieving a market value of $1.6 billion by 2030.
The North America region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $841.2 million by 2030.
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