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Comprehensive Evaluation on Cosmetic Implant Market| Key Players: 3M Health Care, SkinMedica Inc., An Allergan Company

12-12-2018 02:23 PM CET | Health & Medicine

Press release from: Global Market Insights

Cosmetic Implant Market

Cosmetic Implant Market

Cosmetic Implant Market is predicted to grow at around 6.5% CAGR during the forecast period between 2016 and 2023 and is expected to be valued at USD 10.5 billion in 2023. Breast implant market share is projected to increase at a rate of over 5.8% from 2016 to 2023. As per the American Society of Plastic Surgeons (ASPS), 14.2 million cosmetic minimally invasive procedures were performed and USD 13.3 billion were spent on plastic surgery in the U.S. in 2015, a 2% increase over 2014.

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Reconstructive plastic surgery displayed a 1% growth over the past year. Tumor removal, laceration repair, maxillofacial surgery, scar revision and hand surgery were the topmost reconstruction procedures. Breast augmentation continues to be the leading surgery technique while buttock augmentation, lower body lift and breast lift have shown rapid growth. Biological cosmetic implant market is forecast to be a highly profitable segment on account of the rising patient awareness related to the advantages of biological over synthetic materials.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Nobel Biocare
• DENTSPLY INTERNATIONAL
• GC Aesthetics
• Mentor Worldwide LLC
• Sientra, Inc.
• Zimmer Holdings Inc
• 3M Health Care
• SkinMedica Inc.
• An Allergan Company
• Implantech Associates, Inc.
• Institut Straumann AG

Rising awareness regarding inserts and their benefits will drive future growth. For instance, Breast Reconstructive Awareness Campaign aimed at educating, empowering and engaging the female population to make wellness oriented decisions post breast cancer diagnosis will favorably impact global cosmetic implant market size.

Development of low cost devices to address growing demand is a major opportunities for companies operating in the industry. High cost of the devices and surgical procedures coupled with risk of insert malfunction and lack of proper reimbursement policies may restrain growth over the next few years.

On the basis of application, the cosmetic implants market is categorized into facial, breast, dental and other (penile, calf and buttock) types. Dental segment had the largest industry share on account of the existence of a large number of patients suffering from dental disorders. Additionally, the increased consumption of carbonated drinks as well as junk food leading to tooth decay will propel growth.

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More than 30 million U.S. citizens have lost all their teeth in one or both jaws as per a report published by AAID. Also, bridge and crown replacements have been performed on over 15 million American citizens. Facial inserts will show a lucrative growth rate during the forecast timeframe due to the growing popularity of public figures that lay significant emphasis on aesthetic appeal. Absence of side effects and highly precise nature of these procedures will drive sales.

North America was the largest regional industry in 2015, followed by Europe. High awareness levels related to aesthetic and physical appearance along with advanced healthcare infrastructure are the growth driving forces in the region. High economic development, larger disposable incomes and changing lifestyle will increase future demand.

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

Global Market Insights, Inc.
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