BURLINGAME, CA., July 22, 2024 /PRNewswire/ — The global Buy Mastopexy projected to increase from 2.39 billion US dollars in 2023 to US$ 3.88 billion to 2031, with a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031, according to a recent report by Coherent Market Insights. Increasing consumer spending on cosmetic surgery, changing lifestyles, and social acceptance of plastic surgery are driving the demand for cosmetic breast surgery worldwide. Mastopexy with or without implants is gaining ground as an effective method for lifting and reshaping sagging breasts for improved aesthetics. These factors are positively impacting the growth of the mastectomy market.
Global Mastopexy Market
Market Dynamics:
The growth of the global mastopexy market is mainly driven by the increasing prevalence of gynecomastia. According to the American Society of Plastic Surgeons, an estimated 1 million male breast reduction surgeries have been performed in the United States in 2020 due to excessive growth of breast tissue. Additionally, increasing demand for cosmetic procedures to improve appearance and growing female geriatric population are also contributing to market growth. Sagging breasts become more common among women as they age due to factors such as pregnancy, weight fluctuations and hormonal changes. This boosts the number of breast lifts performed worldwide.
Global Mastopexy Market Report Coverage
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Report Coverage |
Details |
|
Market revenue in 2023 |
$2.39 billion |
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Estimated value by 2031 |
$3.88 billion |
|
Growth rate |
Poised to grow at a CAGR of 6.2% |
|
Historical data |
2019–2023 |
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Prognostic period |
2024–2031 |
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Prediction Units |
Value (Million USD/Billion) |
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Report Coverage |
Revenue forecast, competitive landscape, growth factors and trends |
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Covered sections |
Technically, from the end user |
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Covered geographies |
North America, Europe, Asia Pacific and Rest of World |
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Development Guides |
• Changing social attitudes about body image • Changes in birth patterns and lifestyle factors • Increase in the number of mastopexy procedures |
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Limitations & Challenges |
• High cost of treatment • Risks and complications associated with surgical procedures |
Market trends:
Increasing adoption of minimally invasive procedures: There is a growing preference for minimally invasive mastopexy procedures over traditional open surgeries due to advantages such as reduced scarring, less pain, and faster recovery time. This is expected to boost the demand for minimally invasive techniques such as endoscopic assisted breast lift surgery during the forecast period.
Growing medical tourism in emerging markets: Countries like India, Thailand, South Korea and Mexico are gaining popularity as mainstream medical tourism destinations due to the availability of quality treatment at relatively lower costs. This is projected to present lucrative opportunities for global mastectomy market players to expand their consumer base in emerging markets.
The global mastectomy market is segmented on the basis of technique into crescent breast lift, Benelli lift, Benelli-Lollipop lift and full mastectomy. Among these, crescent breast lift segment held the largest market share of approximately 35% in 2023. Crescent breast lift is a semicircular incision made around the areola complex to reposition and lift the breast to a more youthful position. It has been widely adopted because it is less invasive compared to other techniques.
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End-user segmentation of the global mastopexy market includes hospitals, specialty clinics, and others. The hospital segment accounted for over 50% of the total market in 2023. Hospitals are the most preferred treatment setting for mastopexy procedures due to the availability of advanced infrastructure and skilled professionals. The growing number of hospitals, especially in developing countries, will further drive this segment.
Basic purchase information:
The global mastopexy market size was valued at US$2.39 billion in 2023 and is expected to register a CAGR of 6.2% during the forecast period. Growing aesthetic consciousness coupled with an increase in the obese population undergoing weight loss is fueling the demand for breast lift procedures.
By technique, the crescent breast lift segment is expected to dominate because it is less invasive compared to other techniques. On the basis of end-user, the hospital sector is expected to hold a dominant position during the forecast period owing to the availability of advanced facilities and skilled professionals.
Regionally, North America dominated the global mastoplasty market and held more than 35% share in 2023 due to increasing cases of obesity and breast sagging. Key players operating in the mastectomy market include Cynosure. Allergan? Lumenis? Mentor around the world. SOLTA Medical; Syneron Medical; Galderma and Lumenis. These players are focusing on new product launches and geographic expansion to strengthen their market position.
Recent developments:
In January 2024Dr. Dana Comberlypublished an article on the benefits of breast augmentation.
In October 2022the American Society of Plastic Surgeons, in partnership with the Plastic Surgery Foundation, has announced the 11th annual Breast Reconstruction Awareness Day for October 19, 2022.
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Detailed Segmentation:
By technique:
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- Crescent breast lift
- Benelli Lift
- Benelli-Lollipop Lift
- Complete Mastopexy
By End User:
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- Hospitals
- Special Clinics
- Others
By region:
North America:
Latin America:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Europe:
- Germany
- United Kingdom
- Spain
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East:
- CIS countries
- Israel
- Rest of Middle East
Africa:
- South Africa
- North Africa
- Central Africa
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