Number of pages: 100 | Report Format: PDF | Published date: August 23, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 9.8 billion |
Revenue forecast in 2030 |
US$ 18.8 billion |
Growth Rate |
CAGR of 7.5% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Material, Application, End User |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global cosmetic implants market was pegged at US$ 9.8 billion in 2021 and is expected to witness a CAGR of 7.5% during the forecast period.
Market Fundamentals
Cosmetic implants are materials inserted beneath the skin or on top of the body to enhance a person's beauty and outward appearance. In order to restore a person's appearance and cosmetically replace any injured body parts following trauma or accidents, cosmetic implants are specially created medical devices. Depending on the type of surgery, the implants may be inserted transdermally or subcutaneously. Cosmetic implants are prosthesis that aim to restore the intended bodily part to the accepted aesthetic standard. Cosmetic implants have several uses in the cosmetics industry and give people more psychological gratification when used for decoration. Cosmetic implants are frequently used in reconstructive surgeries such tumour removal, laceration repair, maxillofacial surgery, scar revision, and hand surgery.
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Market Dynamics
The market is influenced by factors including an ageing population that spends money on cosmetic procedures to seem younger, an industry that uses more modern technology, an increase in the number of painless surgeries, and many more. Negative effects of cosmetic surgery, prevent the industry from expanding. Additionally, technological innovations like silicone gel breast implants and hyaluronic acid facials offer the market promising growth prospects. Numerous government attempts to raise awareness about cosmetic implants also fuel the business. For instance, The Breast Reconstructive Awareness Campaign is being launched by the American Society of Plastic Surgeons (ASPS) and The Plastic Surgery Foundation (The PSF) to inform women about life after a breast cancer diagnosis.
Market Ecosystem
The global cosmetic implants market has been analysed by four perspectives by material, application, end user and region.
Cosmetic Implants Market by Material
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Based on material, the global cosmetic implant market has been segmented into metals, ceramics, polymers, and biomaterials. The polymers segment dominated the segment during forecast period due to their great durability, flexibility, and availability, polymer-based implants held the largest market share. Polymer implants are simple to mould into a variety of shapes that can be utilised to create a variety of aesthetic implants, including breast, face, and body contouring implants.
Cosmetic Implants Market by Application
Based on application, the global cosmetic implant market has been segmented into dental implants, facial implants, breast implants and others. The dental implants are further segmented into root form and plate form whereas breast implants are also subsegment into saline filled and silicone gel filled. The dental implants dominated the segment during forecast period. The market is anticipated to increase because of factors including rising dental injuries and expanding technological advancements like micro implants, CAD/CAM technology, and nanostructured titanium implants. The market is expanding due to rising concerns about oral healthcare and an increase in the number of elderly people.
Cosmetic Implants Market by End User
Based on end user, the global cosmetic implants market has been segmented into hospitals, cosmetic clinics, and others. The hospitals dominated the segment during forecast period due to an increase in healthcare spending, rising interest in aesthetic surgery, and an increase in the number of hospitals and specialist clinics.
Cosmetic Implants Market by Region
Based on the region, the global cosmetic implants market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. The market was dominated by North America. A sophisticated healthcare infrastructure, greater aesthetic awareness, an ageing population, and rising healthcare spending are some of the major drivers of market expansion. Furthermore, the region's need for such operations is fuelled by supportive government initiatives. The American government has launched several awareness initiatives, including the Breast Reconstructive Awareness Campaign, which aims to inform and empower women receiving breast cancer treatment.
Asia Pacific is anticipated to increase at the highest rate with a significant CAGR throughout the projected period. The market for cosmetic implants is expanding as a result of factors such a large population, increased dental caries, an increase in senior patients, and a growing trend of medical tourism.
Competitive Landscape
Some of the prominent players in the global cosmetic implants market include
Strategic development
The exponential surge for cosmetic surgeries and Increasing awareness of aesthetic appearance with minimally invasive surgeries are the factors that is driving the global cosmetic implants market.
Some of the prominent players in the global cosmetic implants market include Aesthetic and Reconstructive Technologies (AART) Inc., Johnson & Johnson Private Limited, 3M Health Care among others.
Dental implants dominated the global cosmetic implants market during forecast period.
North American market for cosmetic implants dominated the global market during forecast period.
Some significant factors that are likely to restrain the market's growth throughout the forecast period include the high price of cosmetic implants and the potential for malfunction.
*Insights on financial performance is subject to availability of information in public domain