DUBLIN--(BUSINESS WIRE)--The "Cosmetic Implants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The global cosmetic implants market is anticipated to grow with a CAGR of nearly 7.1% during the forecast period. Changing lifestyle is enkindling the demand for cosmetic procedures which is expected to augment the growth of the cosmetic implants market over the forecast period. According to the American Society of Plastic Surgeons in 2018, nearly 17.7 million cosmetic procedures were performed which was around 2.0% more than the data registered in 2017.
The introduction of technologically advanced implants such as form-stable anatomically shaped silicone gel breast implants and hyaluronic acid facial filler is expected to positively reinforce the market. Increasing prevalence of target ailments, growing acceptance of bio-implants, and the presence of well-defined regulatory guidelines in developed economies are among key trends expected to trigger market growth. For instance, Allergan received approval from the U.S. Food and Drug Administration (FDA) to market NATRELLE INSPIRA SoftTouch breast implants. This is likely to propel the market growth of the cosmetic implants market.
Growing patient awareness regarding aesthetic appearance and influx of various government initiatives aimed at patient awareness campaign in the global arena are projected to rev up the demand for implants. For instance, Breast Reconstructive Awareness Campaign directed towards empowering, engaging and educating women to make decisions pertaining to their well-being post breast cancer diagnosis is expected to boost usage rates. Increasing awareness regarding disease remittance therapies and rising healthcare expenditure in developed regions are estimated to promote revenue growth. However, high cost of these implants may restrain the growth of the market.
Key Market Trends
Dental Implants Dominates the Market and is Expected to Continue to Do the Same during the Forecast Period
The Dental implant is expected to dominate the global cosmetic implants market through the forecast period. This can be attributed to increasing applications of dental implants in various therapeutic areas along with the increasing demand for prosthetics. The growing number of dental injuries owing to sports injuries and road accidents are also considered as some of the major factors favoring the demand for dental implants. As per the American Academy of Implant Dentistry, 3 million people in the United States have implants, a number that is growing by 500,000 annually. Hence, facilitating extensive demand for dental implants.
Higher availability, positive results, and technologically advanced dental implants that improve health and function are supplementing the growth of the segment. Introduction of technologically advanced dental surgery such as computer-aided dental implant surgery which eliminates the risk of bone loss is poised to create a significant shift in demand patterns.
North America Represents the Largest Market and Asia-Pacific is Expected to Register Fastest Growth.
North America is at the forefront of growth in the region and is also an important revenue contributor in the global arena. Heightened awareness of disease remittance therapies among patients, rising prevalence of target ailments, and high public and private healthcare spending are stimulating the growth of the region. Moreover, easy access to quality healthcare, favorable reimbursement policies, strong clinical pipeline, and approval of novel drugs are projected to promote revenue growth. The increased utility of the products related to injury care is nurturing the growth of this vertical.
The Asia Pacific is anticipated to be the fastest-growing region over the forecast period. According to the ministry of health and family welfare, dental caries affects about 60% and periodontal disease about 85% of the Indian population, the country is considered the world capital for oral cancer. This provides increasing opportunities for key players to cater to the huge untargeted population suffering from tooth loss. Increasing economic stability and dispensing power is further estimated to accelerate market growth.
Moreover, growing geriatric population base in Asian countries with large untapped opportunities, such as Japan and China, is expected to drive market growth during the forecast period. Thus, leading to rise in demand for various restorative and surgical services. In addition, increased spending on self-care and high awareness levels regarding the presence of various options available for health care is anticipated to drive the market growth.
Market Dynamics
Market Drivers
- Increasing Demand For Cosmetic Implants
- Introduction of New and Innovative Technologies
- Increased Awareness about Aesthetic Appearance
Market Restraints
- High Cost of these Medical Implants
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/e5623k
