Description:
‘ Cosmetic implants’ are implantable devices used to improve the aesthetic beauty of an individual. There has been a considerable increase in cosmetic surgeries in the past few years. Both invasive and non-invasive surgical procedures are used to embed the cosmetic implants in an individual’ s body. Patients are opting to replace their damaged / missing body parts, recover their normal appearance, and enhance their aesthetic beauty owing to the development of cosmetic implants. Hence, increase in the number of cosmetic implant procedures is observed since last decade.
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The world cosmetic implants market is projected to reach $ 10,708 million by 2022 from 2015 value of $ 6,356 million, at a CAGR of 7.7 % during 2016-2022. The market is expected to be driven by the rise in demand for minimally invasive reconstruction surgeries, increase in the number of road accidents and trauma cases, high prevalence rate of congenital face and tooth deformities, growth in the number of awareness programs such as breast reconstructive awareness campaign( launched in the U. S.), high prevalence rate of breast cancer, and increase in number of cosmetology surgeons. In addition, popularity of celebrities among the young generation who motivate them to look aesthetically appealing is anticipated to provide ample opportunities for market growth. Technological advancements for the development of efficient implants( that do not appear artificial and do not rupture on the application of external force) may further fuel the market growth. However, high cost of cosmetic implant procedures and related devices, lack of suitable reimbursement procedures, and hazards linked with malfunctioning of implants are expected to restrict the growth.
The world cosmetic implants market is segmented on the basis of product, raw material, and geography. On the basis of product, it is divided into dental implants, breast implants, facial implants, and other implants( buttock, penile, calf, and pectoral implants). Based on the raw material, it is classified into polymers, metals, ceramics, and biomaterials. The geographical segmentation of the market includes North America, Europe, Asia-Pacific, and LAMEA.
The cosmetic implants market has witnessed several acquisitions & mergers in the recent years. For instance, in February 2016, DENTSPLY International Inc. and Sirona Dental Systems, Inc. merged together to form Dentsply Sirona Inc. to provide a strong and wide range of professional dental products and technologies to customers across 120 countries globally.
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