BURLINGAME, Calif., July 22,
2024 /PRNewswire/ -- The global Mastopexy
Market is projected to grow from USD
2.39 billion in 2023 to USD 3.88
billion by 2031, with a compound annual growth rate (CAGR)
of 6.2% from 2024 to 2031, as per a recent report by Coherent
Market Insights. Increasing consumer spending on aesthetic
procedures, changing lifestyles and social acceptance of plastic
surgeries are promoting the demand for aesthetic breast surgeries
globally. Mastopexy with or without implants is gaining traction as
an effective method for lifting and reshaping saggy breasts for
improved aesthetics. These factors are positively influencing the
growth of the mastopexy market.
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Market Dynamics:
The growth of the global mastopexy market is primarily driven by
the rising prevalence of gynecomastia. According to the American
Society of Plastic Surgeons, an estimated 1 million male breast
reduction procedures were performed in the United States in 2020 due to excessive
breast tissue development. Additionally, increasing demand for
aesthetic procedures to enhance appearance and rising female
geriatric population are also contributing to the market growth.
Breast sagging becomes more common among women as they age due to
factors like pregnancy, weight fluctuations and hormonal changes.
This is boosting the number of breast lifts being performed
globally.
Global Mastopexy Market Report Coverage
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$2.39
billion
|
Estimated Value by
2031
|
$3.88
billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 6.2%
|
Historical
Data
|
2019–2023
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Technique, By End
User
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Growth
Drivers
|
• Changing societal
attitudes regarding body image
• Shifts in birthing
patterns and lifestyle factors
• Increasing number of
mastopexy surgeries
|
Restraints &
Challenges
|
• High treatment
costs
• Risks and
complications associated with surgeries
|
Market Trends:
Increasing adoption of minimally invasive procedures: There is a
rising preference for minimally invasive mastopexy procedures over
traditional open surgeries due to benefits such as reduced
scarring, lesser pain, and faster recovery time. This is expected
to boost the demand for minimally invasive techniques like
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 dominant medical tourism destinations due to
availability of quality treatment at relatively lower costs. This
is projected to present lucrative opportunities for global
mastopexy market players to expand their consumer base in emerging
markets.
The global mastopexy market is segmented based on technique into
crescent breast lift, Benelli lift, Benelli-Lollipop lift and full
mastopexy. Among these, the crescent breast lift segment held the
largest market share of around 35% in 2023. Crescent breast lift is
a semi-circle shaped incision made around the nipple areola complex
to reposition and lift breasts in a more youthful position. It is
widely adopted due to being less invasive compared to other
techniques.
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The end user segmentation of the global mastopexy market
includes hospitals, specialty clinics and others. The hospital
segment captured over 50% of the total market in 2023. Hospitals
are the most preferred treatment setting for mastopexy procedures
due to availability of advanced infrastructure and skilled
professionals. Growing number of hospitals especially in developing
nations will further drive this segment.
Key Market Takeaways:
The global mastopexy market size was valued at US$ 2.39 Bn in 2023 and is anticipated to witness
a CAGR of 6.2% during the forecast period. Rising aesthetic
consciousness coupled with increasing obese population undergoing
weight loss is fueling demand for breast lift procedures.
By technique, the crescent breast lift segment is expected to
hold a dominant position owing to being less invasive compared to
other techniques. On the basis of end user, hospitals segment is
expected to hold a dominant position over the forecast period due
to availability of advanced facilities and skilled
professionals.
Regionally, North America
dominated the global mastopexy market and accounted for over 35%
share in 2023 due to rising obesity and breast ptosis cases. Key
players operating in the mastopexy market include Cynosure;
Allergan; Lumenis; Mentor Worldwide; SOLTA Medical; Syneron
Medical; Galderma and Lumenis. These players are focusing on new
product launches and geographical expansion to strengthen their
market position.
Recent Developments:
In January 2024, Dr. Dana Coberly, released an article regarding the
advantages of breast lifts.
In October 2022, the American
Society of Plastic Surgeons, in collaboration with Plastic surgery
foundation, announced thr 11 annual Breast Reconstruction Awareness
Day for October 19, 2022.
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Detailed Segmentation:
By Technique:
-
- Crescent Breast Lift
- Benelli Lift
- Benelli-Lollipop Lift
- Full Mastopexy
By End User:
-
- Hospitals
- Specialty Clinics
- Others
By Region:
North America:
Latin America:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Europe:
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East:
- GCC Countries
- Israel
- Rest of Middle East
Africa:
- South Africa
- North Africa
- Central Africa
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