Blepharoplasty Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4243
Blepharoplasty Market size is projected to experience significant growth from 2019 to 2025.
Blepharoplasty, commonly known as eyelid surgery is one of the most popular cosmetic procedures in the cosmetic industry, especially in the age group of 40-50 years. Growing geriatric population, especially in countries such as Italy, Germany, Japan, and South Korea will increase the demand for eyelid surgery treatment over the future years. Aging results in sagging of the skin around eyelids, excess fat deposition and creasing. Thus, rising preference among elderly population to stay appear younger will drive the blepharoplasty treatment market growth in the coming years.
Blepharoplasty is a minimally invasive plastic surgical treatment to improve the appearance of the eyelids. Growing aesthetic industry in developed economies such as U.S., Brazil, Japan, and South Korea, along with the introduction of novel cosmetic procedures for eyelid enhancement is expected to boost the global blepharoplasty market growth. Such advancements include laser resurfacing procedure that improves the physical appearance of eyelids and thus is anticipated to increase the number of patients undergoing blepharoplasty treatment over the forthcoming years.
One of the most common barrier in procedure adoption is social stigma associated with aesthetic surgical procedures in developing and under-developed economies such as the Middle East, India and other countries across the world. Furthermore, high cost of such surgical procedures may restrain the demand for blepharoplasty treatment in low and middle-class income population.
Upper eyelid blepharoplasty treatment segment will hold significant revenue size over the projected timeframe. Patients suffering from physical conditions of the eyelids such as excess fat deposition on the upper eyelids or bagginess, undergo this surgery to remove the excess skin and to improve their aesthetic appearance. The surgery also provides proper eyebrow position to the faces and eradicates the tired look in most patients. Additionally, it improves eyesight in the aged population and thus, impelling the segment growth in the estimation period.
Clinics segment is expected to witness significant growth over the forecast period. High growth is due to the availability of ground-breaking and advanced aesthetic technology in these facilities. Rapid growth can be attributed to the growing desire among the elderly population to have flawless skin and to stay young at the age of 40 to 50 years of age. Moreover, surge in the number of patients to undergo aesthetic procedures that are performed in cosmetic settings will propel segment growth during the forecast period.
U.S. blepharoplasty market will show a momentous growth over the coming years due to the rising preference for cosmetic surgeries among the baby boomers in the country. According to the Association of Aesthetic and Plastic Surgeons, in 2014, about 1,36,395 eyelid surgeries were performed in the U.S. Furthermore, continuous development of technologically advanced procedures by major players will enhance the U.S. blepharoplasty market industry growth over the forecast period.
India blepharoplasty market is anticipated to foresee lucrative growth over the upcoming period owing to the growing number of patients undergoing aesthetic surgeries in the country. High growth can be attributed to the presence of large geriatric population base coupled with growing demand for eyelid surgical procedures. Furthermore, rising healthcare expenditure to develop novel aesthetic procedures coupled with expanding cosmetic clinics will augment the India blepharoplasty market growth in the foreseeable period.
Some of the prominent players operating in blepharoplasty market include Advance Medical Systems Inc. (Sixthstar Technologies), Bomtech Electronics Co., Ltd., Grand Aespio Inc., and GTG Wellness among other players. These industry players focus on strategic alliances such as mergers & acquisitions, new product launches, partnerships, and strategic collaborations to expand their business portfolio and to increase their revenue generation. For instance, in November 2017, IOPtima launched the iLid CO2 Laser-Assisted Blepharoplasty Kit to allow oculoplastic specialists to perform safe and effective eyelid surgeries for patients. This strategy assisted to expand the company’s existing market product portfolio.
Blepharoplasty Market by Procedure Type, 2014-2025 (USD Million)
- Upper Eyelid Blepharoplasty
- Lower Eyelid Blepharoplasty
- Combination Eyelid Surgery
Blepharoplasty Market by End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Advance Medical Systems Inc. (Sixthstar Technologies)
- Bomtech Electronics Co., Ltd.
- Grand Aespio Inc.
- GTG Wellness
- Levadent Ltd.
- Luminera Derm Ltd
- ThermiGen LLC.
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