The Panniculectomy Market is expected to grow manifold in the upcoming period. With technological advancements like ML and AI being incorporated in abundance, the healthcare vertical is likely to reach the top pedestal in the years to come. There are Bluetooth-operated health monitors, which let doctors receive precise information, that too, from time to time.
On these grounds, One Medical, an IPO backed by Google, is turning out to be a benchmark with regards to digital-first primary care, wherein concierge service is offered on payment of an annual fee.
Panniculectomy is recommended usually to patients who lost 100lbs or more in short period of time. Patients with large pannus may afflicted by conditions such as back problems ulcers, skin breakdown, trouble walking or standing and rashes where panniculectomy is the remedy for the problem.
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Market Segmentation:
By End User Hospitals
- Outpatient Surgery Center
- Dermatology Clinics
By GeographyNorth 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.
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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.
The 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.
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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.
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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