Press release
Panniculectomy Market to Register Steady Expansion During 2018-2026
Obesity and overweight is one of the most important public health problems in the recent years. Increasing obesity owing to adoption of unhealthy lifestyle is major factor which spur the growth of panniculectomy market. Increasing popularity of bariatric surgery and alternative procedure to lose weight drive the market of panniculectomy in the near future. Increasing number of cosmetic procedures and increasing awareness regarding weight loss surgeries spur the market of panniculectomy in the forecast period. Innovation in technology and adoption of noninvasive technology in the developed nation propel the market growth of panniculectomy. Increasing in the end user segment is one of the factor driving the market of panniculectomy in recent years. High cost associated with the surgery, after surgery complications and less adoption of panniculectomy surgery in the developing and under developed economies restraints the market growth of panniculectomy.
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The global panniculectomy market is segmented on basis of end user and geography.
Segmentation by End User
Hospitals
Outpatient Surgery Center
Dermatology Clinics
Segmentation by Geography
North America
Latin America
Europe
Asia-Pacific Excluding China
China
Middle East & Africa
Rising prevalence of obesity globally and increasing demand of minimally invasive techniques in the cosmetic surgery drive the market of panniculectomy. Increasing awareness and rising adoption of new product and techniques in the emerging market will majorly drive the market of panniculectomy in forecast period. Increasing emphasis on the new technology in cosmetic procedure fuel the growth of panniculectomy market in the near future. Increasing number of dermatology clinics in the developing economies will further increase the panniculectomy market in the forecast period.
The North America market for panniculectomy market holds the largest revenue share, due to increasing prevalence of obesity and disease related to obesity. Favorable reimbursement scenario and increasing adoption of new technology and increase research and development drive the market of panniculectomy in North America. Europe accounts for the second large revenue share in the global panniculectomy market, owing to increasing prevalence of disease related to obesity and increasing cosmetic procedures. Asia Pacific is expected to witness rapid growth, due to rising patient awareness, increasing adoption of unhealthy lifestyle leading to increased obesity among people and improving healthcare infrastructure in developing countries such as India. China is expected to register significant growth, owing to increasing aging population. Latin America and Middle East & Africa are projected to exhibit slow growth in panniculectomy market, owing to lack of awareness and high cost associated with the procedure.
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Examples of some of the key service provider present in the global Panniculectomy Market are Poser MD, Mercy, Atlantic Surgical Associates PA, Virginia Mason Medical Center, Cleveland Clinic, Raffles Medical Group, Aetna Inc. among others.
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