USD 11.86 Billion
Report ID:
SQMIG35A2958 |
Region:
Global |
Published Date: November, 2024
Pages:
211
|Tables:
65
|Figures:
70
Global Cosmetics Implants Market size was valued at USD 11.86 Billion in 2022 and is poised to grow from USD 12.90 Billion in 2023 to USD 23.29 Billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
Increasing demand for cosmetic implants, innovation in new and advanced technologies, and greater awareness of body aesthetics are the primary drivers for the growth of the cosmetic implants market during the course of the forecast period. For instance, during April 2022, the Aesthetic Society published its annual Aesthetic Plastic Surgery Statistics revealing that 148,000 women had their implants changed. According to the Breast & Cosmetic Implant Registry, between January and December 2021, breast implant operations were reported in England at 11,735. Among those, 2,375 reconstruction procedures were carried out, 3080 had to be replaced, and 25 involved relocations. Therefore, it is projected that the tremendous volume of implant procedures conducted globally will drive market growth.
In addition, technological advancement has been the impetus for growth in cosmetic implants. Rising FDA clearances in the US in the cosmetic implants industry are pushing the growth in this market. For instance, in May 2016, the FDA in the US approved Allergan's cohesive breast implant called NATRELLE INSPIRA. These implants offer a new option for women opting for breast augmentation, revision, or reconstruction surgery. Allergan's very cohesive gel and high gel fill ratio collaborate for a customized result. Furthermore, the growing demand for surgical cosmetic implants to enhance face beauty and aesthetic appeal supports the growth of the market globally.
Global Market Size
USD 11.86 Billion
Largest Segment
Dental Implants
Fastest Growth
Polymers
Growth Rate
8.8%
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Global Cosmetic Implants Market is segmented by Application, Material and Region. Based on Application, the market is segmented into Dental Implants, Breast Implants, Facial Implants, Penile Implants, Calf Implants, Buttock Implants, Others. Based on Material, the market is segmented into Polymers, Ceramics, Metal, Biological Material Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Raw Material
The polymers segment was the largest market segment, occupying 43.01% of global market demand as of 2023. This primarily resulted from deformity correction surgeries, which have an enormous surge in demand; for such purposes, polymeric materials have an excellent advantage. For cosmetic implants particularly, they were best suited for such applications because of their high tensile strength, providing support. In addition, the biocompatibility of the polymers, stiffer support structure, and flexibility should make them even more appealing and further expand the market. Among the most used of these, solid silicone implants are the most frequently used in augmentation surgeries because of their proven effectiveness and versatility in many aesthetic procedures.
Given its similarity to natural body tissues, biological material would be a segment that would witness growth at this rapid compound annual growth rate across the projection period. In contrast to forms of synthetic material, this would make assimilation and adaptation within the body easier. Because of their natural benefits, such as enhanced tissue compatibility and a reduced predictability of adverse reactions, biological cosmetic implants are increasingly in demand. Higher research and development costs in developing advanced biocompatible implants also contribute to the expansion of the market because the performance and safety of cosmetic surgery operations of these materials continue to be improved.
Analysis By Application
In 2023, the market segment of dental implants dominated with 42.71%. It is due to the demand for prosthetics on an increase and dental implants are gradually being used for the treatment of various medical conditions. One of the most critical factors influencing the growing demand for dental implants is rising cases of traumatic dental injuries (TDIs). TDI impacts permanent teeth and affects 25% of school-age children and teens between the ages of 7 and 19, according to a report in March 2021 from the Scientific World Journal. An estimated 6.1% to 41.6% of people have some type of TDIs at some point during childhood or adolescence. This means there is an enormous need for dental implants. The other driving factor of the market growth is the significant efforts of thousands of companies that are launching and designing advanced dental implants. For example, in June 2022, ZimVie Inc. released the T3 PRO Tapered Implant with Encoded Emergence Healing Abutment in the U.S following the FDA-approval. Hence, the above factors are expected to boost the high growth rate of the dental implants segment.
While face implants currently lead the applications segment and share the highest growth rate, its escalated popularity among the population of face operations, breakthrough in implant materials, and the ever-growing demand for non-surgical cosmetic modifications, drive the increase. The more obvious and rapid changes in face appearance by way of facial implants have increased demand for these processes, such as cheek augmentation, chin enlargement, and jawline definition. In comparison, breast implants, although still important, do not improve as rapidly as facial implants in the current trend of the market.
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North America was in the lead with a 35.6% revenue share of the market in 2023. This is ascribed to elements such as the greatest degree of reimbursement in the country, growth in awareness campaigns conducted by certified dermatological professionals, and the growing demand for cosmetic operations. The Aesthetic Society unveiled the 2022 Aesthetic Plastic Surgery Statistics in April this year. According to the figures, nonsurgical treatments had risen by 44% across the US, while surgical operations had surged by 54%. In 2021, an average cosmetic surgeon performed 320 surgical procedures. Surgical treatments cost increased by 6%, the cost of non-surgical procedures by 1%. The report also stated that in 2021, 365,000 women received breast augmentations, which represented close to 94% of all procedures. This means one factor contributing to the rising cosmetic implants market during the projection period is through more operations conducted in the field.
Asia Pacific is expected to exhibit the highest growth rate in the cosmetic implants market over the forecast period. The region's massive untapped potential, coupled with sound economic growth and enhancing healthcare facilities, is a major factor responsible for its rapid growth. The regional growth can be attributed to the easy access to advanced cosmetic treatments and increasing awareness in patients. Medical tourism business is expected to carry the market further ahead, particularly in China and India. Due to the attractiveness of lower cost of operations in these countries, patients from the domestic and international markets are being pulled towards the region, thereby increasing demand for cosmetic implants and augmenting regional market growth.
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Drivers
Rising Technological Advancements
High Demand for Aesthetic Enhancements
Restraints
High Costs Associate with Implants
Safety and Regulatory Issues
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The cosmetic implants market is competitive, with major players, including Allergan, Mentor, and Sientra, dominating this industry through innovative product offerings and well-known brands. New emerging companies are unveiling novel materials and recent technology to try and meet customer needs for a more natural aesthetic. Companies therefore focus on R&D and marketing strategies as regulatory and market saturation barriers are present in the industry. Increased awareness of cosmetic surgery among a vast cross-section fuels competition and creates new markets.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the cosmetics implant market is developing rapidly because, throughout the globe, people are being driven forward by major trends that include an increase in medical tourism and the increase in acceptance of less invasive treatment. Technological improvements make implants more effective and safer, hence attractive to a broader population, whereas a growing number of people are going abroad seeking first-class, cost-effective cosmetic surgery, causing a heightened sense of global market dynamics. However, the creation of products is hampered by massive barriers like high costs and bureaucracy. Considering everything, the market is expected to expand exponentially, with sustained innovation and improved access creating an energetic environment that meets the diverse needs of users worldwide.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 11.86 Billion |
Market size value in 2031 | USD 23.29 Billion |
Growth Rate | 8.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cosmetic Implants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cosmetic Implants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cosmetic Implants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cosmetic Implants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35A2958
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