Market World Cosmetic Implant Market | Page 3

However, growing concerns regarding its safety and efficacy may hamper the market growth. Biological materials are expected to grow at significant rate with a CAGR of about 10.9% owing to rising awareness of the benefits it provide to the consumer. Regional Insight North America dominated the market in 2016. Some of the key factors attributing to the market growth include sophisticated healthcare infrastructure, rising aesthetic awareness, increasing ageing population, and growing healthcare expenditure. Furthermore, favorable government programs drive the demand for such procedures in the region. The U.S government has initiated various awareness campaigns such as Breast Reconstructive Awareness Campaign, which is engaged in educating and empowering women undergoing breast cancer treatment. Europe is the second largest market for cosmetic implants owing to rising ageing population that drives the demand for dental implant market. According to World Federation of Public Health Association only 41% of Europeans have all their natural teeth. Growing number of cosmetic surgeries, high reimbursement policies and rising government healthcare expenditure is boosting up the growth of the market. Asia pacific region is expected to be the fastest growing segment with a lucrative CAGR over the forecast period. Factors such as high population, increasing dental caries, rising geriatric patients, and increasing trend of medical tourism drives the growth of cosmetic implant market. Some of the countries in this region that are amongst few top countries with respect to number of cosmetic surgeries are India, South Korea, and Australia. Competitive Insights Some of the key participants of cosmetic implants market include, 3M Health Care; Allergan, Inc.; GC Aesthetics; Spectrum Design; Aesthetic and Reconstructive Technologies (AART) Inc.; Straumann AG Institut; Sientra Inc.; DENTSPLY International Inc.; Nobel Biocare Holding AG; Zimmer Holdings Inc.; Mentor Worldwide LLC., and Medical Implantech Associates Inc. Market Segment: Global Cosmetic Implants Application Outlook (Revenue, USD Million, 2012 - 2020) • Breast Implants • Dental Implants • Facial Implants • Others