The global Cosmetic Implants Market garnered USD 9.6 Billion in 2021, the market is likely to propel to USD 17.9 Billion by 2032. The trade is projected at a 5.8% CAGR during the forecast period, supported by:
During the period ranging from 2020 to 2022, cosmetic implants demand prospects appeared limited, attributed to the onset of the COVID-19 pandemic, which shook investor confidence amid cessation of all industrial activity. This blip was gradually overcome since mid-2021, leading to a resurgence in growth projections.
Increasing consumer inclination towards modifying their facial features, growing popularity of minimally invasive cosmetic procedures, innovation in facial implant materials, and dental implants, and expansion of healthcare infrastructure are some of the major factors driving the global cosmetic implants market.
The growing awareness about cosmetic procedures globally is set to propel the demand for cosmetic Implants in the future years. For instance, According to the American Society of Plastic Surgeons (ASPS), almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the United States in 2018.
These numbers are projected to surge at a fast pace in the assessment period, thereby boosting the demand for cosmetic implants globally.
Data Points | Key Statistics |
---|---|
Cosmetic Implants Market Value in 2022 | USD 10.2 Billion |
Cosmetic Implants Market Forecast Value in 2032 | USD 17.9 Billion |
Global Growth Rate | 5.8% |
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North America accounts for a significant share of the global Cosmetic Implants Market due to expansions witnessed in its major countries along with increasing awareness and greater spending on cosmetics treatments and procedures. Increasing awareness regarding cosmetic implants among the population drives the demand for the cosmetic implants market in the region.
Also, the changing lifestyles and increasing focus on dental aesthetics are increasing the adoption of cosmetic dentistry, which is expected to propel the cosmetic implants market in the upcoming year.
For instance, in August 2022- Allergan Aesthetics, an AbbVie company announced the USA FDA approval of JUVÉDERM® VOLUX™ XC for the improvement of jawline definition in adults over the age of 21 with moderate to a severe loss of jawline definition.
Dental implants are among the major application of cosmetic implants as they are more advanced and designed with utmost care and efficiency. Due to the rising geriatric population along with the burden of dental diseases, increasing demand for cosmetic implants.
Moreover, rising research studies proving the efficacies of dental implants will also boost the segment.
The rising prevalence of dental disorders is the primary factor propelling the dental implant segment growth. Additionally, in developed and developing countries, the changing lifestyles and increasing focus on oral disorders are increasing the adoption of cosmetic implants is expected to propel the market growth.
Increasing number of cosmetic surgeries performed worldwide for enhancing the facial features of individuals is expected to fuel the demand of Cosmetic Implants Market over the forecast period.
Improving Healthcare Infrastructure and Economic Development to Boost Market Expansion
Easy availability to quality healthcare, favorable reimbursement policies, a strong clinical pipeline, and approval of novel drugs are the major factors that drive the growth of the global Cosmetic Implants Market.
Increasing consumer inclination towards modifying their facial features, growing popularity of minimally invasive cosmetic procedures, innovation in facial implant materials, dental implants, and expansion of healthcare infrastructure are some of the major factors driving the global cosmetic implants market.
Also, technological advancements like hyaluronic acid facial, and silicone gel breast implants create favorable growth opportunities for the market. The market is also driven by several government initiatives to promote awareness regarding cosmetic implants.
For instance, the American Society of Plastic Surgeons (ASPS) and The Plastic Surgery Foundation (The PSF) are running the Breast Reconstructive Awareness Campaign to educate women about the post-breast cancer diagnosis
Despite the growing popularity of cosmetic implants, various factors are likely to pose a threat to the growth of the cosmetic implants market during the forecast period. The high cost of cosmetic implants and the threat of malfunctioning are some of the prominent factors anticipated to hinder the market's growth during the forecast period.
Also, high chances of surgical complications, increasing cost of cosmetic surgeries, adverse effects of the cosmetic surgery, and lack of proper healthcare facilities across some developing economies are projected to harm the growth of the Cosmetic Implants Market over the forecast period.
Lack of awareness of the operational effectiveness and other benefits of the technologically advanced implant systems restrain the growth of the market.
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In addition to this, rising expenditure on healthcare, growing awareness about cosmetic procedures, and an increasing number of specialty clinics and ambulatory centers will further expand the size of cosmetics implants market in the future.
The growing influence of social media and the rising awareness among individuals about physical appearance drive the growth of the market in the forecasting period.
Furthermore, the population drifting towards aesthetic appearance and increasing disposable income are also driving the growth of the global cosmetic implants market.
For instance, According to the American Society of Plastic Surgeons (ASPS), almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the United States in 2018.
In addition, the rising incidence of accidents, the rising prevalence of acquired or congenital deformities of the face along with technological advancements in plastic surgery procedures are the key driving factors for the cosmetic implant market.
However, the high cost related to cosmetic implantation surgeries and the lack of skilled personnel are the major factors hampering the growth of the global cosmetic implants market.
As per the analysis, the dental implants segment is anticipated to hold remunerative opportunities for the global cosmetics implants market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.
Based on the product type, the dental implants segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 5.8% during the forecast period. The segment is expected to have experienced a CAGR of 6.3% during the timeframe of 2015 to 2021.
Dental implants are among the major application of cosmetic implants as they are more advanced and designed with utmost care and efficiency. Due to the rising geriatric population along with the burden of dental diseases, increasing demand for cosmetic implants. Moreover, rising research studies proving the efficacies of dental implants will also boost the segment.
As per the analysis, by raw material, the polymer implants segment is expected to lead the market during the forecast period. The segment is anticipated to have witnessed a 6.5% CAGR from 2015 to 2021. Whereas, during the forecast period, the segment is estimated at a 5.9% CAGR.
The increasing use of polymer and synthetic products in the manufacturing of breast, facial, and body contouring implants is the major factor contributing to the growth of the segment in the forecasting period.
On the other hand, the metal implants segment accounts for significant growth in the forecasting period due to the increasing number of cosmetic dentistry practices and the high cost of dental implant devices.
North America region dominates the global cosmetic implants market by acquiring the maximum share during the forecast period. The US is the leading contributor in the region due to increasing awareness and greater spending on cosmetic treatments and procedures in recent years.
In addition, increasing awareness regarding cosmetic implants among the population drives the demand for cosmetic implants in the USA
Moreover, the changing lifestyles and increasing focus on dental aesthetics are increasing the adoption of cosmetic implant dentistry. These factors are expected to propel the cosmetic implants market share in the upcoming year.
For instance, in August 2022- Allergan Aesthetics, an AbbVie company, announced the USA FDA approval of JUVÉDERM® VOLUX™ XC for the improvement of jawline definition in adults over the age of 21 with moderate to a severe loss of jawline definition. These factors are growing the USA cosmetic implants market size in the coming years.
The UK is followed by the USA market by rising global cosmetic treatment and rising awareness regarding cosmetic surgery and advanced technology during the forecast period.
The number of key manufacturers in the healthcare sector and rising demand for cosmetic dental implants are flourishing in the UK cosmetic implants market size.
Moreover, rising medical tourism, high patient awareness and rising accidents are increasing the cosmetic implant dentistry centre that rising demand for cosmetic implants in recent years. The growing popularity of minimally invasive surgeries is flourishing the global cosmetic implants market share during the forecast period.
Asia Pacific is the fastest-growing region globally due to the rising generic population during the forecast period. The Korean market is upliftingly acquiring a relevant share in the global cosmetic implants market during the forecast period.
With such acceleration in the dental industry, manufacturers of dental implants and prosthetics are focusing on leading the market footprint globally during the forecast period.
Moreover, the development of the Korean market can be credited to the rapid
development in the concerned field. The essential key players are contributing to their goals in the market by focusing on the end-users demand in recent years. Moreover, rising awareness about aesthetic appearance and looks increases the Korean cosmetic implants Market achieving the maximum output during the forecast period.
The Japanese market is growing in the cosmetic implants industry by capturing a high share during the forecast period. The innovation of cosmetic implants, such as facial implants and government initiatives are accelerating the demand for cosmetic implants in the market.
Moreover, rising ambulatory centres and growing speciality clinics are anticipated to boost the Japanese cosmetic implants market size during the forecast period.
The growing number of dental diseases and the rising awareness for the same is surging the Japanese cosmetic implants market growth in recent years. The key market players are playing a vital role in the market by focusing on the patient's requirements during the forecast period.
North America is anticipated to lead in the global cosmetic implants market during the forecast period. The market is likely to garner USD 6.4 Billion while exhibiting a CAGR of 5.5% from 2022 to 2032.
North America is expected to hold a large share in the global Cosmetic Implants Market due to the increasing number of cosmetic surgeries and the presence of leading technological advancements in the healthcare sector.
The Cosmetic Implants Market is growing at a significant rate due to its high adoption in the region. The demand for cosmetic implants in Latin America is expected to rise at a moderate pace during the forecast period due to rising medical tourism, high patient awareness levels, an increasing number of accidents, and the growing popularity of minimally invasive surgeries.
Europe accounts for a significant share of the global Cosmetic Implants Market due to expansions witnessed in its major countries along with the increasing awareness and greater spending on cosmetics treatments and procedures.
With such acceleration in the dental industry, manufacturers of dental implants and prosthetics are focusing on leading economies to strengthen their market footprint globally. Increasing awareness regarding cosmetic implants among the population drives the demand for the cosmetic implants market in Europe.
APAC is anticipated to be the fastest-growing region during the forecast period. China is likely to make the most significant contribution to developing the market.
China is estimated at USD 1.3 Billion, expanding at a 5.1% CAGR during the forecast period. The growth of the market can be attributed to the presence of evolving countries such as; India, China, Japan, and others.
In addition, Japan has been recognized as another potent player in the region. According to the analysis, the country is anticipated at USD 1.0 Billion while recording a CAGR of 4.2% in the forecast period. The development of the regional market can be credited to the rapid development in the concerned field.
The UK and South Korea are estimated at USD 7.3 Billion and USD 6.5 Billion respectively. The growth rate of the UK is anticipated to be 4.5% while for South Korea it is estimated at 3.7% from 2022 to 2032.
Countries | Estimated CAGR |
---|---|
USA | 5.5% |
UK | 4.5% |
China | 5.1% |
Japan | 4.2% |
South Korea | 3.7% |
Eminent players of the global cosmetic implants market include Allergan plc, 3M Company, Polytech Health & Aesthetics GmbH, Sientra Inc., and GC Aesthetics plc among others. Recent key developments among players include:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.8% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | USD Million for Value and Units for Volume |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Product Type, Raw Material, Region |
Regions Covered | North America; Europe; APAC; Latin America; Middle East & Africa |
Key Countries Profiled | USA, Canada, Mexico, Brazil, Germany, France, Italy, BENELUX, UK, Nordic, China, Japan, South Korea, GCC, South Africa, Turkey |
Key Companies Profiled | 3M Company; Polytech Health & Aesthetics GmbH; Sientra Inc.; GC Aesthetics Plc.; Danaher Corporation; Dentsply Sirona Inc.; Straumann; Johnson & Johnson; Zimmer Biomet Holdings Inc.; AbbVie Inc.; Cochlear Ltd.; Henry Schein Inc. |
Report Customization & Pricing | Available upon Request |
The global cosmetics implant market is likely to value USD 9.6 Billion in 2021.
The global cosmetics implant market is estimated to grow at a CAGR of 5.8% from 2022 to 2032.
The global cosmetics implant market is predicted to procure USD 17.9 Billion from 2022 to 2032.
The product type segment is projected to expand at a 5.8% CAGR during the forecast period.
The deployment segment is likely to exhibit a 5.9% CAGR from 2022 to 2032.
The main players in the cosmetics implant market are Allergan plc, 3M Company, Polytech Health & Aesthetics GmbH, and Sientra Inc.
The USA market is expected to garner USD 6.4 Billion while expanding at a 5.5% CAGR from 2022 to 2032.
Estimated Market Size in 2024 | USD 10.7 billion |
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Projected Market Size in 2034 | USD 21 billion |
Value-based CAGR (2024 to 2034) | 6.9% |
Market Value for 2024 | USD 60,764.40 million |
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Market Value for 2034 | USD 1,01,843.40 million |
Market CAGR from 2024 to 2034 | 5.30% |
Current Year Value (2023) | USD 19.09 billion |
---|---|
Expected Forecast Value (2033) | USD 41.64 billion |
Projected CAGR (2023 to 2033) | 8.1% |
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