Cosmetic Implant Market Poised to Expand at 8.5% of CAGR over
Forecast Period Till 2020
“Rising healthcare expenditure, favorable government initiatives, and
growing ageing population are also amongst few key factors expected to
surge adoption of cosmetic implants.”
Industry Insights
The Global Cosmetic Implants Market is expected to reach USD 9.0 billion by 2020 and is expected to grow at
a CAGR of 8.5% over the forecast period. Rapidly changing lifestyles, increasing aesthetic awareness, and
medical tourism are some of the key factors anticipated to boost the market over the forecast period. Rising
healthcare expenditure, favorable government initiatives, and growing ageing population are also amongst few
key factors expected to surge adoption of cosmetic implants. According to American Society of Plastic Surgeons
in 2016, residents of U.S. spent nearly USD 15 billion on combined surgical and nonsurgical procedures.
Growing demand for minimally invasive surgeries and increasing cosmetic surgeries drive the growth of this
market. According to the data published by the American Society of Plastic Surgeons in 2015, the minimally
invasive cosmetic surgeries performed were 15.9 million demonstrating 2% increase since 2014 in the U.S.
Technological advancements in the field of cosmetic implant surgeries including tissue engineering,
microsurgery procedures, and computer assisted process offers advantages of minimal or no visible scars and
thereby further drive the demand for the implants.
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