Cosmetic Implants Market Size to Reach US$ 17.9 Billion by 2022-2032) CAGR of 5.8% | FMI Research

The global Cosmetic Implants Market garnered US$ 9.6 Billion in 2021, and is likely to exhibit a Y-o-Y increase of 6.2% to be valued at US$ 10.2 Billion in 2022. Owing to the growing support from various governmental organizations, the market is likely to propel to US$ 17.9 Billion by 2032. The trade is projected at a 5.8% CAGR during the forecast period.

“Increasing number of cosmetic surgeries performed worldwide for enhancing the facial features of individuals is expected to fuel the demand of Cosmetic Implants Market over the forecast period”.

What are the Factors Propelling the Global Cosmetic Implants Market?

Improving Healthcare Infrastructure and Economic Development to Boost Market Expansion

Easy availability to quality healthcare, favorable reimbursement policies, a strong clinical pipeline, and approval of novel drugs are the major factors that drive the growth of the global Cosmetic Implants Market.

Increasing consumer inclination towards modifying their facial features, growing popularity of minimally invasive cosmetic procedures, innovation in facial implant materials, dental implants, and expansion of healthcare infrastructure are some of the major factors driving the global cosmetic implants market.

Also, technological advancements like hyaluronic acid facial, and silicone gel breast implants create favorable growth opportunities for the market. The market is also driven by several government initiatives to promote awareness regarding cosmetic implants. For instance, the American Society of Plastic Surgeons (ASPS) and The Plastic Surgery Foundation (The PSF) are running the Breast Reconstructive Awareness Campaign to educate women about the post-breast cancer diagnosis

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What are the Factors Hampering the Global Cosmetic Implants Market?

Despite the growing popularity of cosmetic implants, various factors are likely to pose a threat to the growth of the cosmetic implants market during the forecast period. The high cost of cosmetic implants and the threat of malfunctioning are some of the prominent factors anticipated to hinder the market’s growth during the forecast period.

Also, high chances of surgical complications, increasing cost of cosmetic surgeries, adverse effects of the cosmetic surgery, and lack of proper healthcare facilities across some developing economies are projected to harm the growth of the Cosmetic Implants Market over the forecast period. Lack of awareness of the operational effectiveness and other benefits of the technologically advanced implant systems restrain the growth of the market.

What are the Prevailing Opportunities in the Global Cosmetic Implants Market?

In addition to this, rising expenditure on healthcare, growing awareness about cosmetic procedures, and an increasing number of specialty clinics and ambulatory centers will further expand the size of cosmetics implants market in the future. The growing influence of social media and the rising awareness among individuals about physical appearance drive the growth of the market in the forecasting period.

Furthermore, the population drifting towards aesthetic appearance and increasing disposable income are also driving the growth of the global cosmetic implants market. For instance, According to the American Society of Plastic Surgeons (ASPS), almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the United States in 2018.

In addition, the rising incidence of accidents, the rising prevalence of acquired or congenital deformities of the face along with technological advancements in plastic surgery procedures are the key driving factors for the cosmetic implant market. However, the high cost related to cosmetic implantation surgeries and the lack of skilled personnel are the major factors hampering the growth of the global cosmetic implants market.

As per the analysis, the dental implants segment is anticipated to hold remunerative opportunities for the global cosmetics implants market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.

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Comparative View of Adjacent Cosmetics Implants Markets

Cosmetic Implants Market

CAGR (2022-2032)

5.8%

Market Value (2032)

US$ 17.9 Billion

Growth Factor

Rising expenditure on healthcare, growing awareness about cosmetic procedures, and an increasing number of specialty clinics and ambulatory centers are expected to drive the market in the forecast period.

Opportunity

Increasing awareness about looks and aesthetic appearance is expected to offer significant opportunities to the market.

What is the Contribution of Various Segments in Boosting the Market?

Based on the product type, the dental implants segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 5.8% during the forecast period. The segment is expected to have experienced a CAGR of 6.3% during the timeframe of 2015-2021.

Dental implants are among the major application of cosmetic implants as they are more advanced and designed with utmost care and efficiency. Due to the rising geriatric population along with the burden of dental diseases, increasing demand for cosmetic implants. Moreover, rising research studies proving the efficacies of dental implants will also boost the segment.

As per the analysis, by raw material, the polymer implants segment is expected to lead the market during the forecast period. The segment is anticipated to have witnessed a 6.5% CAGR from 2015 to 2021. Whereas, during the forecast period, the segment is estimated at a 5.9% CAGR. The increasing use of polymer and synthetic products in the manufacturing of breast, facial, and body contouring implants is the major factor contributing to the growth of the segment in the forecasting period. On the other hand, the metal implants segment accounts for significant growth in the forecasting period due to the increasing number of cosmetic dentistry practices and the high cost of dental implant devices.

Regional Analysis of the Global Cosmetic Implants Market

Why is North America Considered the Most Prominent Market for cosmetics Implants?

North America is anticipated to lead in the global cosmetic implants market during the forecast period. The market is likely to garner US$ 6.4 Billion while exhibiting a CAGR of 5.5% from 2022 to 2032. North America is expected to hold a large share in the global Cosmetic Implants Market due to the increasing number of cosmetic surgeries and the presence of leading technological advancements in the healthcare sector.

The Cosmetic Implants Market is growing at a significant rate due to its high adoption in the region. The demand for cosmetic implants in Latin America is expected to rise at a moderate pace during the forecast period due to rising medical tourism, high patient awareness levels, an increasing number of accidents, and the growing popularity of minimally invasive surgeries.

Why is Demand for Cosmetics Implants Rising Across Europe & APAC?

Europe accounts for a significant share of the global Cosmetic Implants Market due to expansions witnessed in its major countries along with the increasing awareness and greater spending on cosmetics treatments and procedures. With such acceleration in the dental industry, manufacturers of dental implants and prosthetics are focusing on leading economies to strengthen their market footprint globally. Increasing awareness regarding cosmetic implants among the population drives the demand for the cosmetic implants market in Europe.

APAC is anticipated to be the fastest-growing region during the forecast period. China is likely to make the most significant contribution to developing the market. China is estimated at US$ 1.3 Billion, expanding at a 5.1% CAGR during the forecast period. The growth of the market can be attributed to the presence of evolving countries such as; India, China, Japan, and others.

In addition, Japan has been recognized as another potent player in the region. According to the analysis, the country is anticipated at US$ 1.0 Billion while recording a CAGR of 4.2% in the forecast period. The development of the regional market can be credited to the rapid development in the concerned field. The UK and South Korea are estimated at US$ 7.3 Billion and US$ 6.5 Billion respectively. The growth rate of the UK is anticipated to be 4.5% while for South Korea it is estimated at 3.7% from 2022-2032.

Who are the Key Players of the Global Cosmetic Implants Market?

Eminent players of the global cosmetic implants market include Allergan plc, 3M Company, Polytech Health & Aesthetics GmbH, Sientra Inc., and GC Aesthetics plc among others. Recent key developments among players include:

• In January 2022 — Sientra, Inc. announced the acquisition of all of the assets related to AuraGen Aesthetic LLC’s novel fat grafting technology, the AuraGen with AuraClens. The AuraGen system was developed by leading researchers and plastic surgeons. “AuraGen’s transformative fat grafting system includes the face, potentially replacing currently available procedures using synthetic fillers with a procedure that uses the patient’s own tissue.
• In May 2022 – GC Aesthetics® Inc. announced the launch of an innovative Nipple Areola Complex (NAC) This unrivaled medical device is the answer to a well-known clinical need of thousands of women around the world. Until now, a variety of surgical techniques are used to try to reconstruct the nipple-areola complex with none providing a long-term aesthetic solution.

Report Scope
Details

Growth Rate

CAGR of 5.8% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

USD Million for Value and Units for Volume

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

Product Type
Raw Material
Region

Regions Covered

• North America
• Europe
• APAC
• Latin America
• Middle East & Africa

Key Companies Profiled

• 3M Company
• Polytech Health & Aesthetics GmbH
• Sientra Inc.
• GC Aesthetics Plc.
• Danaher Corporation
• Dentsply Sirona Inc.
• Straumann
• Johnson & Johnson
• Zimmer Biomet Holdings Inc.
• AbbVie Inc.
• Cochlear Ltd.
• Henry Schein Inc.

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Key Segments Covered in the Cosmetic Implants Industry Survey

Cosmetic Implants Market by Product Type:

• Cosmetic Breast Implants
• Cosmetic Facial Implants
• Cosmetic Dental Implants
• Other Cosmetic Implants

Cosmetic Implants Market by Raw Material:

• Biomaterial implants in Cosmetic Implants
• Metal implants in Cosmetic Implants
• Polymers Implants in Cosmetic Implants
• Ceramic Implant in Cosmetic Implants

Cosmetic Implants Market by Region:

• North America Cosmetic Implants Market
• Europe Cosmetic Implants Market
• APAC Cosmetic Implants Market
• Middle East & Africa Cosmetic Implants Market
• Latin America Cosmetic Implants Market

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com