Global Cosmetic Implants Market is Segmented By Raw Material (Polymer Implants, Ceramic Implants, Metal Implants, Biological material implants), By Application (Dental Implants, Breast Implants, Facial Implants, Others), By End User (Hospital, Ambulatory Surgical Centers, Speciality Clinics, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The global cosmetic implants market size is growing at a high CAGR during the forecast period (2024-2031).
Cosmetic implants are devices or tissues implanted within or on the body's surface. Many implants are prosthesis that is designed to replace missing bodily parts. Other implants dispense medication, monitor physiological activities, or help organs and tissues. Skin, bone, and other bodily tissues make some implants. Others are made of metal, plastic, ceramic, or various other materials.
Market Dynamics
The rise in the occurrence of congenital facial defects, such as cleft lip and cleft palate, is driving the growth of the global cosmetic implants market.
Increasing demand for aesthetic implants will drive the market growth
The rise in the occurrence of congenital facial defects, such as cleft lip and cleft palate, is driving the growth of the global cosmetic implants market. According to the Centers for Disease Control and Prevention (CDC), approximately one in every 1,600 babies in the United States will be born with cleft lip and palate in 2020. Increased sedentary lifestyle, including smoking, diabetes, and certain drug regimens for mothers, raises the likelihood of kids being born with cleft lip and palate. This increases the demand for aesthetic implants, which drives the expansion of the cosmetic implants industry. The demand for aesthetic operations increases as people's lifestyles changes, likely to boost the market for cosmetic implants throughout the forecast period. According to the American Society of Plastic Surgeons, almost 17.7 million cosmetic procedures were performed in 2018, about 2.0 percent over 2017.
Furthermore, technical improvements in cosmetic implants aid in the growth of the cosmetic implants industry. The increase in the number of cosmetic implant product approvals by the US Food and Drug Administration (FDA) drives the expansion of the cosmetic implants market. For example, Galderma, the world's biggest independent global dermatology firm, obtained FDA clearance for Restylane Kysse, a novel hyaluronic acid (HA) filler specifically formulated and intended to give fullness to the lips, in May 2020. It is also used to augment the lips and repair upper perioral rhytids (wrinkles around the top lips) in individuals aged 21 and up. Furthermore, the growing demand for surgical cosmetic implants to improve face look and beauty propels the cosmetic implants market forward. According to the International Society of Aesthetic Plastic Surgery (ISAPS) survey, about 10,129,528 cosmetic surgery procedures will be performed globally in 2020. Furthermore, increased R&D activities in surgical imaging technologies fuel the growth of the cosmetic implants market. Surgical imaging tools assist patients in improving their comfort and the outcomes of surgical procedures. For example, Dentsply Sirona, a global leader in dental implants and prostheses, announced the August 2020 introduction of the Axeos 3D/2D imaging system, which enhances clinical confidence in patients and delivers an amazing patient experience, allows for a procedural extension. Furthermore, developments in cosmetic implants and new product launches in the global market are expected to help market growth. For example, in January 2021, Mentor Worldwide LLC, a subsidiary of Johnson & Johnson, a global leader in developing and manufacturing breast aesthetics, received FDA approval for the MENTOR MemoryGel BOOST breast implant for breast augmentation women aged 22 and up undergoing breast reconstruction. These factors are likely to boost the cosmetic implants market.
The high cost of cosmetic implant procedures is likely to hamper the market growth
However, the high cost of cosmetic implant procedures and the danger of product malfunction limit the market's growth.
COVID-19 Impact Analysis
In 2019, the novel coronavirus (COVID-19) rapidly spread across various countries and regions, having a massive impact on people's lives and the global community. It began as a human health issue and has since evolved into a major threat to global trade, economy, and finance. The COVID-19 epidemic had a detrimental impact on the cosmetic implants business since it forced the closure of dentistry clinics and cosmetic hospitals. COVID-19 has a major impact on critically ill patients. To prevent the spread of infection, most cosmetic operations were either canceled or postponed. However, cosmetic hospitals are reopening with more precautions, which adds to market growth following the epidemic.
Market Segment Analysis
The dental imlant segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)
The dental implant is expected to dominate the worldwide aesthetic implants market throughout the projected period. This can be related to the increased use of dental implants in many therapeutic fields and the rising need for prosthetics. The rising frequency of dental injuries caused by sports injuries and car accidents is also thought to be one of the key causes driving the need for dental implants. According to the American Academy of Implant Dentistry, 3 million persons in the United States have implants, increasing by 500,000 every year. As a result, there is a high demand for dental implants.
Increased availability, excellent results, and technologically sophisticated dental implants that improve health and function contribute to the segment's rise. The introduction of technologically enhanced dental surgery, such as computer-assisted dental implant surgery, which removes the risk of bone loss, is expected to cause a dramatic shift in demand patterns.
Market Geographical Share
Asia-Pacific region holds the largest market share of the global cosmetic implants market
Over the projection period, Asia Pacific is expected to be the fastest-growing region. According to the Ministry of Health and Family Welfare, dental caries affect over 60% of the Indian population, while periodontal disease affects approximately 85% of the Indian population; the country is regarded as the world capital for oral cancer. This opens up new chances for important parties to serve the vast untargeted population suffering from tooth loss. Increased economic stability and purchasing power are also expected to accelerate market expansion.
Furthermore, market growth is likely to be driven by a growing elderly population base in Asian countries with vast untapped prospects, such as Japan and China, throughout the forecast period. As a result, there is an increase in demand for various therapeutic and surgical therapies. Furthermore, rising expenditure on self-care and a high degree of awareness about the availability of various healthcare options are expected to fuel market growth.
Market Competitive Landscape
The cosmetic implants market is a moderately competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include 3M Company, AbbVie Inc, Zimmer Holdings Inc, Henry Schein Inc, Dentsply Sirona Inc, GC Aesthetics plc, Institut Straumann AG, Johnson & Johnson, Polytech Health & Aesthetics GmbH, Noscomed, among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the cosmetic implants market globally. For instance, In November 2018, As part of the company's recertification, POLYTECH Health & Aesthetics acquired CE accreditation for Polytech and B-Lite breast implants for a period of five years.
GC Aesthetics PLC
Overview:
GC Aesthetics PLC is a female-only aesthetics firm for women who want to look healthy, youthful, vibrant, and beautiful and feel secure in their skin throughout their lives.
Product Portfolio:
Impleo Smooth: Impleo Smooth is the first 6th generation breast implant, built using leading breast implant technology that considers the surgeon's unmet needs. Impleo Smooth, which was developed in response to surgeon criticism, employs a cohesive gel that is practically unbreakable. It is a spherical, smooth breast implant made of a soft, shape-stable gel.It is altering the breast implant paradigm.
