ID: MRFR/MED/1486-HCR | 80 Pages | Published By Kinjoll Dey on March 2023
The cosmetic implants market size is projected to reach approximately USD 17.58 billion by 2030, at a CAGR of 8% from 2022 to 2030. The market of cosmetic implants is anticipated to increase due to growing awareness of aesthetic & physical appearance, rising expenditure levels on aesthetic procedures, changing lifestyles, and an increased number of genetic face disorders & dental deformities. Moreover, the market is anticipated to be driven by invasive reconstructive operations and technological advancements, including injectable fillers such as gummy bear breast implants and hyaluronic acid facial fillers during the estimated period. The demand for aesthetic treatments has grown immensely owing to the growing number of doctors and surgeons offering safe and adequate medical aesthetics treatments and the establishment of technologically improved goods for cosmetics implants. These factors are all driving the market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected cosmetic surgeries and their related products around the globe, owing to reduced demand for various aesthetics applications. Stringently imposed lockdowns, a suspension of elective surgeries, and disruption in the supply chain are the key factors responsible for the decreased demand. For instance, according to the data issued by the International Society of Aesthetic Plastic Surgery (ISAPS), the total number of cosmetic surgical procedures reduced from 11.3 million in 2019 to 9.8 million in 2020, which decreased by 13.0% in surgical procedures. Similarly, the number of cosmetic non-surgical procedures dropped from 13.6 million in 2019 to 11.5 million in 2020, and it observed a reduction of 15% in procedures. This factor resulted in the overall market decline during the COVID-19 pandemic.
Cosmetic Implants Market Dynamics
The market report of cosmetic implants include the establishment of technological advancements, including hyaluronic acid facial filler and form-stable silicone gel breast implants. Increasing expenditure levels among consumers pertinent to aesthetic procedures are anticipated to reinforce the market positively. Furthermore, the growing adoption of cosmetic implant dentistry and hip implant cosmetic surgery further drives the cosmetic implants market size during the forecast period.
The market for cosmetic implants is relatively competitive and consists of and local players owing to technological advancements. Small and mid-sized companies are concentrating on market penetration to grab market share. The key strategies of these companies include new product development, mergers & acquisitions, and geographical expansions. For instance, in February 2022, Zimmer Biomet and Bactiguard agreed to extend the license agreement initiated in 2019 to cover a range of implant product segments to control post-operative infections. The licensing partnership includes implants for sports injuries, joint reconstruction (hip implant cosmetic surgery), and craniomaxillofacial and thoracic applications. Furthermore, 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. Leading researchers and plastic surgeons developed the AuraGen system. “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 tissue.
Several countries, including South Korea, Brazil, the US, and others, have noticed an increase in the number of these healthcare settings providing. However, this factor is disrupted by an unregulated market with the emergence of non-licensed facilities ly. Several countries have witnessed a spike in the number of illegal vendors proposing cosmetic implants and attracting a considerable proportion of the population willing to experience aesthetic procedures. These facilities include unregistered medical practitioners and surgeons, negatively impacting the market. This factor leads to the growing number of cosmetic implant surgeries gone wrong, with patients accepting sub-standard products and implants. Increasing cases of adverse consequences of aesthetic surgery have been primarily linked to an unregulated market, which is anticipated to hinder the cosmetic implants market growth during the forecast period.
An increase in R&D activities in surgical imaging systems boosts the market growth of the cosmetic implants. Surgical imaging tools help patients to improve comfort and enhance the results of surgical operations. For instance, in August 2020, DentsplySirona, a leader in dental implants and prosthetics, announced the launch of the Axeos 3D/2D imaging system, which improves the clinical confidence of the patient, provides exceptional patient experience, and the opportunity for procedural expansion.
Cosmetic Implants Market Segmentation
The market segments of cosmetic implants, based on application, is dental implants, root implants, plate implants, facial implants, breast implants, saline-filled, silicone gel-filled, and others. The dental implant cosmetic held a major share in 2021 owing to the presence of a large patient base and increased applications of cosmetic and implant dentistry like root canal & tooth removal. Moreover, breast implants are the fastest-growing category during the market forecast of cosmetic implants due to the rising number of breast surgeries across the globe.
The market segments of cosmetic implants, based on the material, is metals, ceramics, polymers, biomaterials, and others. The biomaterials segment had a prominent share in 2021 due to an increase in the number of dental clinics and dental surgeries. However, the polymer category is the fastest-growing category during the forecast period due to its application in procedures performed in large volumes, such as breast and facial implants.
The market segments of cosmetic implants, based on end-user, is hospitals, cosmetic clinics, and others. In 2021, the hospitals category held a prominent market share due to the growing number of cosmetic surgeries in hospitals and the growing trend of medical tourism. However, cosmetic clinics are the fastest-growing category due to the rise in the number of standalone clinics, and an increasing number of cosmetic surgeons drives the market growth.
Global Cosmetic Implants Market Share, by Region, 2021 (%)
Cosmetic Implants Market Overview, by Region
By region, the market of cosmetic implants has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Asia-Pacific is projected to exhibit the highest CAGR during the review period.
North American region held a major share in 2021 due to the high patient awareness levels, the innovation of technologically advanced facial implants, growing demand for minimally invasive surgeries, and the existence of advanced healthcare infrastructure for facial procedures are some other driving factors for the regional market growth. The growing focus on facial aesthetics and the requirement to appear young among the population is also expected to enhance the demand for facial surgeries during the forecast period.
Asia-Pacific was the fastest-growing region in 2021 owing to the presence of high untapped opportunities, economic development, rising patient awareness levels, and constantly improving healthcare infrastructure are some key factors driving the Asia-Pacific market. In addition, increasing medical tourism activities supported by low procedural costs in the emerging economies of India and China are anticipated to drive the market growth over the forecast period.
Cosmetic Implants Market Competitive Landscape
The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as Aesthetic and Reconstructive Technologies (AART) Inc., 3M Health Care, DENTSPLY International Inc., and Allergan, Inc. dominate the market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base. For instance, in May 2022, GC Aesthetics Inc. introduced Nipple Areola Complex (NAC). This medical device is the answer to a well-known clinical requirement of thousands of women around the globe. Furthermore, in August 2020, DentsplySirona, a manufacturer of dental implants and prostheses, launched the Axeos 3D/2D imaging technology.
Prominent players in the market include GC Aesthetics, Implantech Associates Inc., Mentor Worldwide LLC, InstitutStraumann AG, Sientra Inc., Nobel Biocare Holding AG, Zimmer Holdings Inc, and Spectrum Designs Medical, among others.
Scope of the Cosmetic Implants Market Report
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Cosmetic Implants Market Forecast & Size:
To identify and estimate the market size for the market segmented by material, application, and end-user by value (in US dollars). Also, to understand the consumption/demand created by consumers of cosmetic implants between 2020 and 2030
Market Landscape and Trends:
To identify and infer the drivers, restraints, opportunities, and challenges for the market.
Market Influencing Factors:
To find out the factors which are affecting the sales of cosmetic implants among consumers
Impact of COVID-19:
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, swot analysis, and key strategies.
|Market Size||USD 17.58 billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Application, and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Key Vendors||Aesthetic and Reconstructive Technologies (AART) Inc., 3M Health Care, DENTSPLY International Inc., and Allergan, Inc,|
|Key Market Opportunities||Increase in R&D activities in surgical imaging systems|
|Key Market Drivers||Increase in the number of cosmetic clinics and ambulatory centers|
The study period of the market is 2022 - 2030
The market is growing at a CAGR of 8% over the next 8 years.
Asia-Pacific is expected to register the highest CAGR during 2022 - 2030
North America held the largest share in 2021
Aesthetic and Reconstructive Technologies (AART) Inc., 3M Health Care, DENTSPLY International Inc., and Allergan, Inc are the major companies operating in the market.