Press release
Cosmetic Implants Market is estimated to reach USD 9.6 billion in 2028, growing at 7.7% CAGR | Size, Trends & Industry Forecast
Cosmetic Implants MarketCosmetic Implants Market Estimated USD 5.3 billion in 2020 and is projected to reach USD 9.6 billion in 2028 and the market is estimated to grow at a CAGR of 7.7%.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-cosmetic-implants-market-by-product-type/
The factors driving the growth of Cosmetic Implants Market includes rise in the number of cosmetic procedures around the world, growing consciousness amongst consumers about physical and aesthetic appearances, increasing prevalence of breast cancer and improvements in the living standards. According to the report published by Statista, the United States reported the highest number of cosmetic procedures worldwide, the number of surgical and non-surgical cosmetic procedures in the United States have increased from 1.6 million procedures in 1997 to over 5.5 million in 2020, which is expected to accelerate the Cosmetic Implants Market size in the approaching years. Moreover, expansion of the medical tourism industry, increasing geriatric population, growing influence of social media platforms, celebrity endorsements for cosmetic implants, rising acceptance for acceptance of bio-implants and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, launch of technologically advanced implants such as form-stable anatomically shaped silicone gel breast implants and hyaluronic acid facial filler and rising disposable incomes, are further contributing towards the market growth.
However, growth of the Cosmetic Implants Market is hindered due to high treatment cost and insufficient availability of skilled healthcare professionals.
The leading players operating in the Cosmetic Implants Market are Aesthetic and Reconstructive Technologies (AART) Inc., Sientra, Inc., 3M Health Care, Spectrum Medical Designs, Implantech Inc., Nobel BioCare, DENTSPLY International, Straumann AG, GC Aesthetics, Mentor Worldwide LLC and Allergan, Inc., among others.
Based on Product Type, the Breast Implant segment id predicted to grow at a significant CAGR during the forecast period
Technological advancements in Silicone Breast Implants and rising awareness about the benefits of breast implants, are some of the factors responsible for the segment's growth.
Based on Material Type, the Polymers segment is projected to expand at a remarkable CAGR over the forecast period
Enhanced durability of polymers along with its capability to be molded into different shapers, are propelling growth of the segment.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Rise in Government's expenditure on enhancing the healthcare facilities, increasing number of cosmetic procedures across India, Australia and China, rapid urbanization, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation By Product Type
Breast Implant
o Silicone Breast Implants
o Saline Breast Implants
Facial Implant
o Chin Implants
o Jaw Implants
o Cheek Implants
Dental Implant
Others
o Buttock Implant
o Calf Implant
o Pectoral Implant
Segmentation By Material Type
Polymers
Metals
Ceramics
Biomaterials
Segmentation By End User
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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