Emerging Factors Responsible For Expansion of Cosmetic Implants Market in Healthcare Industry

Cosmetic Implants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $10,708 by 2022, registering a CAGR of 7.7% during the period 2016-2022. The dental implants segment is expected to garner major part of revenue followed by facial implants.

The main factors that drive market growth include the growth of technological advances (such as the appearance of gummy bone implants), an increase in the incidence of congenital defects, an increase in the adoption of cosmetic implants to improve the aesthetic appearances, the increase in the number of aesthetic surgeons, the minimally invasive reconstruction surgeries and the increase in the geriatric population.

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It is expected to increase the amount of areas of application of cosmetic implants, penile implants, lava implants, pectoral implants and eyelid implants to further promote the demand for cosmetic implants. However, the unfavorable reimbursement policies, the high cost of cosmetic procedures, such as the implantation of breasts and the risks of malfunction, restrict the growth of the market.

Key findings of Cosmetic Implants Market:

• In 2015, dental implantswas the leading segment, accounting for around half of the overall market revenue, and is projected to grow at a CAGR of 9.2% during the forecast period.

• Asia-Pacific is expected to grow at the fastest rate with a CAGR of 9.6%.

• China and Japan are the major shareholders, jointly accounting for more than half of the market share in Asia-Pacific in 2015.

• The buttocksimplants market is expected to grow at a CAGR of 10.6%.

• The pectoral implants market is projected to reach $127 million by 2022.

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Geographically, North America represented an important market share by 2015, and is expected to maintain its leadership throughout the forecast period. This growth is attributed to the increase in the adoption of cosmetic implants to improve aesthetic aspects, the increase in the geriatric population (cosmetic implants reverse the aging process), and increase the prevalence of traffic accidents and trauma cases However, the regulatory framework and the high cost of treatment in North American countries are expected to hinder market growth.

Asia and the Pacific are expected to grow at a faster pace because of the high population, high incomes available and increased awareness. Asia-Pacific is a lucrative market for cosmetic implants due to medical tourism and technological advances. Technological advances (such as injectable fillers and gummy bone implants) to develop profitable devices in these nations offer a lucrative opportunity for market growth.

Top players :

• Allergan plc
• Danaher Corporation
• Dentsply Sirona Inc.
• GC Aesthetics plc
• Institut Straumann AG
• Johnson & Johnson
• 3M Company
• Polytech Health & Aesthetics GmbH
• Sientra Inc.
• Zimmer Biomet Holdings

In Asia and the Pacific, India, China and Australia are considered the most progressive countries for cosmetic surgical procedures and this tendency is expected to continue in the near future. This is due to the fact that cosmetic surgery has evolved beyond the traditional concept of being a risky or impractical procedure, which was only demanded by women who were aware of their appearance.

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