DUBLIN–(BUSINESS WIRE)–The “Cosmetic Implants Market – Growth, Trends, Impact of COVID-19, and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.
The global cosmetic implant market is expected to grow with a CAGR of almost 7.1% during the forecast period. The changing lifestyle is driving the demand for cosmetic procedures which is expected to increase the growth of the cosmetic implant market over the forecast period. According to the American Society of Plastic Surgeons in 2018, nearly 17.7 million cosmetic procedures were performed, approximately 2.0% more than the data recorded in 2017.
The introduction of technologically advanced implants such as anatomically shaped and anatomically shaped silicone gel breast implants and hyaluronic acid facial filler is expected to positively strengthen the market. Growing prevalence of targeted conditions, rising acceptance of bio-implants, and presence of well-defined regulatory guidelines in developed economies are some of the key trends expected to trigger the market growth. For example, Allergan has received US Food and Drug Administration (FDA) approval to market NATRELLE INSPIRA SoftTouch breast implants. This is likely to propel the market growth of cosmetic implants market.
Rising patient awareness regarding aesthetic appearance and influx of various government initiatives aimed at patient awareness campaign in the global arena are expected to increase the demand for implants. For example, the breast reconstruction awareness campaign aimed at empowering, engaging and educating women to make decisions about their well-being after a breast cancer diagnosis is expected to increase utilization rates. It is estimated that increased awareness of remittance therapies and increased healthcare spending in developed regions will drive revenue growth. However, the high cost of these implants may restrain the growth of the market.
Main market trends
Dental implants dominate the market and are expected to continue to do so during the forecast period
Dental implant is expected to dominate the global cosmetic implant market over the forecast period. This can be attributed to the increasing applications of dental implants in various therapeutic areas as well as the growing demand for prostheses. The increasing number of dental injuries due to sports injuries and road accidents is also considered to be one of the major factors driving the demand for dental implants. According to the American Academy of Implant Dentistry, 3 million people in the United States have implants, a number that is growing by 500,000 per year. Hence, facilitating the large demand for dental implants.
Wider availability, positive outcomes, and technologically advanced dental implants that improve health and function complement the segment’s growth. The introduction of technologically advanced dental surgery, such as computer-assisted dental implant surgery, which eliminates the risk of bone loss, is poised to create a significant shift in demand patterns.
North America represents the largest market and Asia-Pacific is expected to register the fastest growth.
North America is leading the growth in the region and is also a major revenue contributor on the global stage. Increased patient awareness of remittance therapies, rising prevalence of targeted conditions, and high public and private healthcare expenditures are driving the region’s growth. Additionally, easy access to quality healthcare, favorable reimbursement policies, a strong clinical pipeline and new drug approvals are expected to drive revenue growth. The increased utility of wound care related products is fueling the growth of this vertical.
Asia-Pacific is expected to be the fastest growing region during the forecast period. According to the Ministry of Health and Family Welfare, tooth decay affects about 60% and periodontal disease about 85% of the Indian population, with the country considered the oral cancer capital of the world. This provides more and more opportunities for key players to respond to the huge untargeted population suffering from tooth loss. It is further estimated that increasing economic stability and distribution power will accelerate the growth of the market.
Additionally, growing geriatric population in Asian countries with great untapped opportunities like Japan and China is expected to drive the market growth over the forecast period. Thus, resulting in increased demand for various restorative and surgical services. Furthermore, increasing expenditure on personal care and high levels of awareness regarding the presence of various options available for healthcare is expected to drive the market growth.
Increase in demand for cosmetic implants
Introduction of new and innovative technologies
Increased awareness of aesthetic appearance
High cost of these medical implants
Main topics covered:
1.1 Assumptions of the study
1.2 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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