The aesthetic implants market is set for rapid growth over the forecast period. In terms of revenue, the global aesthetic implants market accounted for USD 3.91 Billion in 2019 and is anticipated to reach around USD 6.14 Billion by 2026, growing at a CAGR of 6.6%.
Global Aesthetic Implants Market: Overview
Aesthetic implants are used to correct and enhance a person's visual deformities caused by congenital abnormalities, trauma, or injuries. Aesthetic implants have made it possible for people to restore or improve their aesthetics after losing them due to disease or injury. As a result, in the current situation, the number of Aesthetic implant procedures is on the increase. These implants are used for reconstructive procedures to improve patients' aesthetics in addition to cosmetic purposes. The most popular treatments involving the use of these implants are breast augmentation and dental implantations.
Global Aesthetic Implants Market: Growth Factors
The increase in the number of cosmetic operations and surgeries around the world has a positive influence on the global aesthetic implant market. People are constantly opting for surgical treatments to improve their looks in order to increase their morale and self-esteem. Breast cancer is becoming more common across the globe, which is driving up demand for breast implant surgery and driving up consumer demand. With recent advances, the number of cosmetic procedures available for men has increased, resulting in an increase in the acceptance of cosmetic procedures requiring aesthetic implants. The acceptance rate of aesthetic implants is growing as a result of recent advances in the cosmetic industry and rising disposable income. The number of people who want to get rid of aging symptoms is growing, and facial implants will help. In addition, the number of people with dental problems is growing due to an increase in the number of deaths around the world and dietary activities that contribute to dental problems. There is a growth in the aging population like people above the age of 65, which accounts for the majority of dental procedures. The demand for cosmetic implants is being driven by the reliability and durability of dental implants, which can last a lifetime. On the other hand, perception of the benefits of aesthetic implants and cosmetic purchases is increasing, thanks to influencers such as celebrities, which has a positive impact on implant demand. Medical tourism has allowed people from developing countries with less developed medical facilities to travel to developed countries to undergo cosmetic treatments with aesthetic implants, propelling the industry ahead. Governments are enacting more strict healthcare regulations, rendering it more complex and requiring more time for implant implants to be approved for use in cosmetic surgery and procedures, which is proving to be a barrier to commercial development.
Global Aesthetic Implants Market: COVID-19 Impact
The appearance of COVID-19 has taken the entire universe to a halt. This health problem has had a massive effect on companies around the board. The pandemic is expected to have an effect on nearly every industry. Coronavirus disease (COVID-19) outbreak in 2020 has changed the global economy and market situation in significant industries around the world. The pandemic of COVID-19 had a significant effect on this industry, as procedures were delayed. The aesthetic implants sector is a dynamic industry with substantial business growth potential, but the current COVID-19 trends have caused uncertainty in estimates, changes in short-term strategy priorities, and an emphasis on near-term cost control and long-term complexity management issues. Profit pool development in the Aesthetic Implants industry varied greatly in 2020, as businesses rapidly aligned their plans to the new market environment effectively succeeded. After January 2020, the number of patients receiving care has decreased by up to 70% in some areas. Furthermore, hospitals are willingly turning away patients to protect their employees and avoid business failure. The economy, on the other hand, is improving, and businesses have resumed operations with limited capabilities and in accordance with government regulations. At the beginning of 2021, all hospitals and specialty clinics are projected to be fully operational, resulting in a strong demand for aesthetic implants. As a result, the demand for aesthetic implants is projected to rise at a rapid pace over the projected period.
Global Aesthetic Implants Market: Segmentation
The global aesthetic implants market is bifurcated into its type, dental implant type, facial implant type, breast implant type, material, gender, end-user, and regions. Based on the type, the market is bifurcated into facial implants, dental implants, breast implants, and others. Based on the dental implant type, the market is bifurcated into endosteal implants and subperiosteal implants. Based on the facial implant type, the market is bifurcated into chin implants, cheek implants, and nasal implants. Based on the breast implant type, the market is bifurcated into silicone implants and saline implants. Based on the material, the market is bifurcated into polymer, ceramic, metal, and biological. Based on the gender type, the market is bifurcated into male, and female. Based on the end-user, the market is bifurcated into specialty clinics, hospitals, and others. Geographically, the global aesthetic implants market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Global Aesthetic Implants Market: Regional Analysis
In terms of geography, North America represents a higher demand for the aesthetic implants market followed by the European region. North America region dominated the global aesthetic implants market in 2019 and is anticipated to continue its dominance in the upcoming years. The dominance of the North American and European markets is attributed to a large number of academic operations, high acceptance of high-priced new cosmetic solutions, and high disposable income. The Asia Pacific market is projected to grow at a fast rate within the forecast period. Increased medical tourism, increased public understanding of aesthetic implants, and expanding healthcare infrastructure in countries like India, China, and Malaysia are all expected to boost the aesthetic implants industry.
Global Aesthetic Implants Market: Competitive Players
Some of the key players in the aesthetic implants market are 3M Health Care, Aesthetic and Reconstructive Technologies (AART) Inc., Allergan, Inc., Dentsply Sirona, Implantech Associates Inc., GC Aesthetics, Institut Straumann AG, Mentor Worldwide LLC, Nobel Biocare Holding AG, Sientra Inc., POLYTECH Health & Aesthetics GmbH, Zimmer Holdings Inc, Surgiform Technology, Ltd., Establishment Labs S.A., Avinent Implant System, Groupe Sebbin SAS, Laboratoires Arion, HansBiomed Co. Ltd., Precise Implant Systems E.S Ltd., Spectrum Designs Medical, and Thommen Medical AG, among others.
Global Aesthetic Implants Market: Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
