Facial Implants Market 2018 - 2028 | Key Players Include Implatech Associates Inc., Medical, KLS Martin Group
Facial Implants Market: Drivers and Restraints
Increasing virtual representation on social media is expected to propel the growth of the facial implants market throughout the forecast period. The growing concern regarding personal appearance among the general population in both developed and developing economies is estimated to increase the number of cosmetic surgeries this factor is expected to fuel the growth of facial implant market. Product launches in the facial implant market are specifically governed by specific regulations, whose approval is necessary for the launch of new products in the market. For instance, Oxford Performance Materials, Inc. received FDA approval for its 3D printed facial implant in 2015 that brings in a new opportunity for facial implants market players. Growing awareness regarding facial implant surgery and high adoption of facial aesthetic surgery among celebrities are expected to propel the growth of facial implant market. However, the surgical complications, like chances of success rate and excessive bleeding after facial implant procedures hampers the facial implant market.
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Facial Implants Market: Segmentation
Global Facial Implants Market can be segmented on the basis of material type, Shape type, end user and geography. Based on the material type, Facial Implants Market is segmented as: Silicone facial implants, ePTFF facial implants, rigid polyethylene facial implants; Based on Shape, Facial Implants Market is segmented as: Anatomical facial implants, Oval facial implants, Round facial implants; Based on applications type, Facial Implants Market is segmented as: Chin augmentation, Cheek bone surgery, Parnasal procedures, Forehead surgery; Based on the end user, Facial Implants Market is segmented as: Hospital, Trauma Center, Ambulatory surgical centers, Specialty Clinics.
Facial Implants Market: Overview
By material type, the silicone facial implant material is expected to hold large revenue share in facial implants market due to the higher adoption rate of silicone implants among the end users. Based on the application type, the chin augmentation is expected to be the dominating application type. According to a report of the American Society of Plastic Surgeons, 20,680 chin augmentation surgeries were performed in recent years in the U.S. among the end users the hospital segment is expected to be fastest growing segment in the facial implants market during the forecast period.
Facial Implants Market: Regional Outlook
Facial implants are widely used as they improve the patient’s self-confidence in their overall appearance, thus baby bloomer in North America go for the facial implant. According to the International Society of Aesthetic Plastic Surgery, there was 18.4% rise in the number of cosmetic procedures in the United States in 2017. North America is expected to be the most lucrative facial implant market. Latin America is expected to account for the second largest share in terms of revenue due to the availability of skilled medical professional in the region. Latin America is expected to witness high growth in facial implant market followed by Asia Pacific region due to increasing medical tourism in many countries like Brazil, Peru. MEA facial implants market is expected to witness steady growth over other regions because of less healthcare expenditure.
Facial Implants Market: Key Players
Some of the global key participants operating in Facial Implants Market are: Implatech Associates Inc., Medical, KLS Martin Group, Medartis AG, Stryker, DePuy Synthes, Sientra Inc., Zimmer Biomet, Johnson & Johnson, TMJ Concepts and Osteotec Ltd. among others.
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