Aesthetic Implants Market Size Will Achieve USD 7,812 Million by 2030 growing at 6.5% CAGR

The Global Aesthetic Implants Market Size accounted for USD 4,458 million in 2021 and is projected to attain a size of around USD 7,812 million by 2030 growing with a CAGR of 6.5% for the forecast period 2022 to 2030, as reported by Acumen Research and Consulting

Accessibility to advanced surgical procedures and availability of favorable reimbursement policies are leading factors expected to support the aesthetic implants market growth. According to American Society of Plastic Surgeons (ASPS) the growth in cosmetic procedures over the last few years is increasing; there were 17.5 million surgical and minimally invasive cosmetic procedures performed in the United States in 2017, which was up by 2% increase over 2016.

The growing consumer expenditure on cosmetic and aesthetic procedures is one of the trends in aesthetic implant market. According to the ASPS, Americans spent more than USD 16.5 billion on minimally invasive aesthetic procedures and cosmetic plastic surgery in 2018. Among them, rhe most expensive surgeries were breast reduction and breast augmentation.

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In addition, high investment by major players for R&D activities along with focus on development of advanced implant material is another factor expected to impact the aesthetic implants market share. Increasing number of patients suffering from breast cancer along with awareness among consumers related to aesthetic implants is another factor expected to boost the growth of market. According to Breastcancer.org, an estimated 276,480 new cases of invasive breast cancer are expected to be diagnosed in women in the U.S. in 2020, along with 48,530 new cases of non-invasive (in situ) breast cancer.

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COVID-19 Impact on the Global Aesthetic Implants Market Revenue

The global COVID-19 outbreak has significantly impacted the market for aesthetic implants owing to the reduction of these procedures in the world. Since January 2020, certain localities have seen a 70% decrease in the number of individuals seeking treatment. Furthermore, clinics are deliberately turning away patients in order to protect their workers and avoid the failure of entire enterprises. However, cosmetic hospitals are reopening with more precautions, contributing to market growth following the outbreak.

Aesthetic Implants Market Dynamics

High spending capacity among consumers and desire to look beautiful especially among women is influencing the growth factor. Changing lifestyle pattern, high influence of social media and increasing consumer spending on cosmetic surgeries in order to look beautiful are major factors expected to drive the growth of global aesthetic implants market revenue.
However, factor such as high cost of surgeries and post surgical complications are factors expected to hamper the growth of global aesthetic implants market. In addition, unavailability of reimbursement policies in developing countries is expected to challenge the growth of target market.

Aesthetic Implants Market Segmentation

The global aesthetic implants market is divided into three categories: implant type, gender, and end-use. Breast, dental, and face implants are the three types of implants. According to our aesthetic implants industry analysis, breast implants are predicted to account for a large revenue share in the global market due to an increase in the number of patients battling from breast cancer. According to the National Cancer Institute, there will be 287,850 new instances of female breast cancer and 43,250 deaths from female breast cancer. The gender segment is bifurcated into male and female. In 2021, female gender segment generated the largest aesthetic implants market share, whereas male gender would grow with a significant growth rate from 2022 to 2030.

The end-use category is further subdivided into hospitals and specialized clinics. According to our aesthetic implants market forecast, hospitals predicted to account for a considerable revenue share in the target market due to increased government spending on healthcare development and the availability of advanced surgical equipment.

Aesthetic Implants Market Regional Outlook

North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa are the regional categorizations of the aesthetic implants industry.
The market in North America is expected to account for significant revenue share in the global aesthetic implants market due to availability of advanced infrastructure. Government is spending high on development of healthcare infrastructure in order to facilitate the adoption of advanced surgical devices. There is gradual increase in number of patients in hospitals related to cosmetic surgery, majorly due to consumers approach towards self appearance and changing personalities. This is resulting in rise in surgeries such as calf implants, buttock implants, pectoral implants, etc.

The market in Asia-Pacific is expected to witness faster growth in the target market over the forecast period due to developing healthcare standards. Government is spending high on the development of healthcare sector with the developing regulatory scenario and availability of insurance policies is resulting in consumers' inclination towards adoption of aesthetic surgeries.

Aesthetic Implants Market Players

Some of the leading aesthetic implants companies are VINENT Implant System, Dentsply Sirona Inc., Establishment Labs S.A., Mentor Worldwide LLC, GC Aesthetics, Institut Straumann AG, Sientra, Inc., Allergan, Plc., POLYTECH Health & Aesthetics, and Zimmer Biomet Holdings, Inc. The market is highly competitive due to presence of large number of players operating on global level.

Business expansion activities by major players in order to enhance the customer base and increase the profit ratio is expected to augment the growth of aesthetic implants market.

• In 2019, Sientra, Inc. a medical aesthetics company acquired the Lubrizol Life Science company's silicone breast implant manufacturing operation. This is expected to help the company to enhance the product portfolio and enhance the customer base.

• In 2019, Straumann Group a global manufacturer and supplier of dental implants, instruments, and biomaterials signed a strategic partnership with Yuhan Corporation. This is expected to help the company to strengthen its global presence and increase the revenue.

• In 2019, GC Aesthetics a specialists in high-quality breast implants introduced IMPLEO and The Matrix in the Brazil market. IMPLEO is a unique SiloGel Twist gel and The Matrix, is a fast-growing anatomical implant designed for performance that gives women natural results and additional breast projection. This is expected to strengthen its position in Brazil market.

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