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22 Jan 2021, 07:19 GMT+10
Cosmetic Implant Market Snapshot
The global cosmetic implant market is considered to garner USD 11.2 billion during the forecast period (2016-2022). The global market is estimated to demonstrate 7.1% CAGR owing to the technological advancements in the healthcare sector, asserts Market Research Future (MRFR). Cosmetic implants are specially designed medical devices that are placed on the surface or inside the body part to improve the physical aesthetic appearance. Cosmetic implants are also used to cater different necessities of the customers like replacement of damaged and missing parts besides psychological and social satisfaction. Cosmetic implants are used to rectify the deformities caused due to trauma, accidents, and congenital disorders. The procedure has enabled convenient replacement of missing and dysfunctional body parts and is easier for the patients to regain previous loss.
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Drivers and Constraints Impacting the Market
The increasing aging population with 40 years and above are investing in themselves to look younger. With growing advanced painless surgeries, cosmetic implants are gaining demand among the global population. The increasing advanced technologies across the globe such as gummy bear implants and injectable fillers has resulted in several innovations which have further contributed to the market growth during the assessment period. Moreover, with the increasing disposable income, the global cosmetic implant market is estimated to flourish. Other factors such as emerging minimally invasive reconstruction surgeries, growing number of tooth deformities and congenital face disorders are presumed to boost the global cosmetic implant market during the appraisal period. In the recent past, there have been extensive research and development activities in order to develop efficient techniques, designs, and materials for dental implants. This has further resulted in the production of novel products such as tapered implants, mini dental implants, and narrow-diameter implants. Such innovations are likely to contribute to the growth of cosmetic implant market across the globe.
On the flip side, adverse effect of cosmetic surgery is considered to dampen the market growth during the assessment period. Moreover, implant malfunction and high cost associated with the procedure are some of the major concerns presumed to impede the market growth.
Global Cosmetic Implant Market: Segmental Analysis
The global cosmetic implant market has been segmented on the basis of type, material, end-user, and region.
By mode of type, the global cosmetic implant market has been segmented into breast implant, dental implant, buttock implant, facial implant, and others. Among these, the facial implants segment is anticipated to expand at a significant rate owing to the accelerating number of road accidents, congenital face deformities, trauma cases, and the popularity of celebrities among youth, which influences them to enhance their aesthetic looks. Injectable fillers have experienced a higher demand for facial implants due to its benefits such as temporary and flexible nature due to which they can be easily removed. The dental segment is presumed to hold the largest industry share due to the existence of a large number of patients suffering from dental disorders. Moreover, the increased consumption of carbonated drinks and junk food has resulted in tooth decay which is likely to propel the market growth.
By mode of material, the global cosmetic implant market has been segmented into metals, polymers, biologicals, and ceramics. Among these, the polymers segment has been identified as the largest source cosmetic implants with applications in the facial and breast implant procedures. Moreover, the ability of polymers to be molded into various shapes along with its high durability are some of the factors they are in high demand.
By mode of end-users, the global cosmetic implant market has been segmented into dental clinics, hospitals, academics, and others.
Cosmetic Implant Market Regional Insights
Geographically, the cosmetic implant market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region holds the largest market share for cosmetic implants. Advanced and superior healthcare infrastructure backed by advanced technologies have given the market enough space to expand and draw revenue. Moreover, growing general awareness and high healthcare investment are also considered to provide traction to the market growth in this region.
Europe is considered to account for the second largest share owing to the high investments in research and development activities which is highly influencing the market growth.
The Asia Pacific region is experiencing a transformation in the healthcare sector. With the increasing investment in the healthcare sector, the market is likely to propel in this region. Moreover, rapid economic development in economies such as China and India are considered to contribute to the market growth in this region.
Cosmetic Implant Industry Updates
December 11, 2018: The 2018 Outstanding Design Innovation Award given out in the Dental Office Design Competition, has been awarded to Saco River Dentistry, which is a cosmetic and restorative dental practice in Buxton.
Cosmetic Implant Market Competitive Dashboard
The prominent players operating the global cosmetic implant market are Nobel Biocare Holding AG, Cortex Dental Implant Industries Ltd., Institut Straumann AG, DENTSPLY Implant, Dyna Dental, ALLERGAN INC., AART.Inc, CEREPLAS, Spectrum Designs Medical, LABORATOIRES ARION, 3M, Zimmer Holdings Inc., and others.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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