Aesthetic Implants Market
Number of pages: 100 | Report Format: PDF | Published date: October 14, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 4.44 billion |
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Revenue forecast in 2030 |
US$ 8.03 billion |
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Growth Rate |
CAGR of 6.80% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Segments covered |
Product, gender, end-user, and region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global aesthetic implants market was pegged at US$ 4.44 billion in 2021 and is expected to witness a CAGR of 6.80% during the forecast period.”
Market Fundamentals
Aesthetic implants are medical devices designed to replace a missing biological component, sustain a damaged physical structure, or improve an existing natural structure. Visual procedures aim to improve aesthetic appeal, symmetry, and proportion. The primary aims of aesthetic surgery are to improve aesthetic appeal, symmetry, and proportion. Aesthetic surgery can be performed on any part of the head, neck, breast, buttocks etc. Breast enlargement and dental surgeries are the most common aesthetic surgeries that include these implants.
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Market Dynamics
The aesthetic implants market is expected to rise during the forecast period due to increased awareness among adults about the value of physical appearance, a reduction in cultural and traditional restrictions against cosmetic operations, and other factors. Furthermore, market player tactics such as product innovation and inorganic market player strategies such as partnerships, mergers, and acquisitions are projected to provide opportunities throughout the forecast period. However, the high cost of the procedures and risk of product malfunction can somewhat restrain the global market.
Market Ecosystem
The global aesthetic implants market has been analyzed from four perspectives: product, gender, end-user, and region.
Aesthetic Implants Market by Product
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Based on product, the global market for aesthetic implants is grouped into dental implants, breast implants, facial implants, and others (abdominal implants, upper and lower limb implants). The breast implant segment has covered the majority of the market. The growth is mainly attributed to increased cases of breast cancer. Furthermore, the change in desire for cosmetic operations among women to improve their visual attractiveness might be a factor in expanding the breast implant segment. The dental implants segment is expected to increase in the projected period due to the growing demand for tooth replacements and rising awareness among people with dental problems.
Aesthetic Implants Market by Gender
Based on gender, the market for aesthetic implants is bifurcated into males and females. The female segment has dominated the market. The increased number of females undergoing aesthetic surgeries, mainly breast enlargement and facial improvement procedures, is the major factor in increasing the global aesthetic implants market. Furthermore, technological advancements are increasing awareness about prosthetics. The aesthetic implants market is increasing among males due to increased adoption of testicular implants and pectoral or abdominal implant surgeries for better body appearance.
Aesthetic Implants Market by End-user
The global market for aesthetic implants is divided into hospitals and specialist clinics based on the end-user. The healthcare industry has dominated the market. The rising number of people receiving aesthetic surgical operations in hospitals is increasing the growth of the hospital segment. On the other hand, the specialty clinics segment is predicted to rise rapidly over the forecast period due to the increasing density of specialist clinics, an increase in the number of cosmetic surgeons, and an increase in the sale of cosmetic implants.
Aesthetic Implants Market by Region
Regionally, the global aesthetic implants market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. The North American market for aesthetic implants is predicted to develop over the forecast period, with growth in breast, face, and penile implants. The United States accounts for the bulk of the breast implant market. The European region is the second-highest revenue generator. The growth is owing to increased awareness and demand for aesthetic treatments.
Moreover, trending implant surgeries among youth and middle-aged population and increased social media influence boost the market growth. The Asia Pacific area is predicted to develop substantially. The increasing cancer prevalence and lifestyle changes drive the aesthetic implants market in this region. The total market for aesthetic implants is predicted to rise throughout the forecast period, with growth in the breast, face, and penile categories. Furthermore, increased awareness related to aesthetic implants' safety is increasing globally.
Competitive Landscape
Some prominent players operating in the global aesthetic implants market are
The global aesthetic implants market is expected to rise during the forecast period due to increased awareness among adults about the value of physical appearance, a reduction in cultural and traditional restrictions against cosmetic operations, and other factors. Furthermore, market player tactics such as product innovation and inorganic market player strategies such as partnerships, mergers, and acquisitions are projected to provide opportunities throughout the forecast period.
The high cost of the procedures and the risk of product malfunction can somewhat restrain the global market.
The global aesthetic implants market was pegged at US$ 4.44 billion in 2021 and is expected to witness a CAGR of 6.80 % during the forecast period.”
The global aesthetic implants market is expected to clock US$ 8.03 billion by 2030.
*Insights on financial performance are subject to availability of the information in the public domain