Global Cosmetic Implants Market Set to Reach USD 17.9 Billion by 2032, Driven by Increased Healthcare Expenditure and Growing Awareness of Cosmetic Procedures | FMI

The global cosmetic implants market is on track to achieve a remarkable growth trajectory, with an estimated market size of USD 17.9 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 5.8%. This anticipated growth is bolstered by increasing support from governments worldwide and a projected market value of USD 10.2 billion in 2022.

The rising expenditure on healthcare is a significant driver of this market expansion. Consumers are increasingly aware of cosmetic procedures, leading to a growing demand for cosmetic implants. This trend is further supported by the proliferation of specialty clinics and ambulatory centers, which provide accessible options for individuals seeking cosmetic enhancements.

Additionally, the influence of social media has played a pivotal role in shaping public perception and increasing awareness regarding physical appearance. As individuals share their experiences and results online, the desire for cosmetic improvements continues to rise, fueling demand in the cosmetic implants market.

Among the various segments, dental implants are expected to present lucrative opportunities for market players. Developing countries are allocating significant budgets towards healthcare, creating a favorable environment for investment and innovation in the cosmetic implants sector.

With these positive trends, stakeholders in the cosmetic implants market are well-positioned to capitalize on the growing demand and evolving consumer preferences. As the market continues to expand, companies are encouraged to explore strategic partnerships and investment opportunities to leverage the emerging growth potential.

Key Takeaways from the Market Study:

• Global market for cosmetic implants to nearly double by the end of 2032
• By product type, the dental implants segment is expected to record a 5.8% CAGR by 2032
• By raw material, the polymer implant segment to expand at a 5.9% growth rate during the forecast period
• The U.S market to garner USD 6.4 Billion and record a 5.5% CAGR from 2022-2032
• Market in China to procure USD 1.3 Billion, expanding at a 5.1% growth rate during the assessment period

“Rising demand for cosmetic procedures & growing technological advancements in the healthcare sector is expected to fuel the demand of cosmetic implants market over the forecast period,” says an analyst at Future Market Insights.

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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.

Competitive Landscape:

Eminent players of the global cosmetic implants market include –

• 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.

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.

Key Segments Covered in the Cosmetic Implants Industry Survey:

Product Type:

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

Raw Material:

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

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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