Cosmetic Implants Market Growth and Trend Analysis to 2020
Global Cosmetic Implants Market is expected to reach USD 9.29
billion by 2020, according to a new study by Grand View Research, Inc.
Increasing demand for aesthetic procedures coupled with rising healthcare
expenditure levels is expected to serve this market as a high impact rendering
driver during the forecast period. Emergence of technologically advanced products
such as the two form-stable silicone gel breast implants and hyaluronic acid
facial filler is also expected to assist market growth. According to estimates
published by the American Society of Plastic Surgeons in 2013, residents of the
U.S. spent nearly USD 7.0 billion in cosmetic surgical procedures. Most of
these procedures (approximately 40.0%) were undertaken by consumers belonging
to the age group of 35 years to 50 years. Moreover, the fact that the country
is rapidly aging and has a large base of population pertaining to this age
group is expected to present manufacturers with lucrative future growth
opportunities.
Rising prevalence of breast cancer and growing number of awareness programs such as the Breast Reconstructive Awareness Campaign are expected to encourage women to undergo reconstructive surgeries. Lack of appropriate reimbursement policies supporting cosmetic surgical procedures is expected to impede market growth over the next six years.
Further key findings from the study suggest:
- Dental
implants were the highest revenue generating application area in 2013
owing to factors such as increasing consumption of junk food and aerated
beverages which lead to a rise in prevalence of tooth decay and other
dental disorders.
- North America held over 40.0% of the cosmetic implants market in
2013. High economic development and the presence of sophisticated
healthcare infrastructure are key factors attributing to its large market
share. Presence of high awareness and disposable income levels and
changing lifestyle habits are also expected to drive regional market
growth over the next six years.
- Facial
Implants are expected grow at a lucrative rate during the forecast
period owing to increasing popularity of celebrities, who in turn motivate
younger generation to look aesthetically appealing. Furthermore, the fact
that these surgical procedures are precise and entail almost no side
effects is expected to boost usage rates during the forecast period.
- Asia Pacific is expected to provide manufacturers with profitable
growth opportunities over the next six years. Rapidly developing
healthcare infrastructure and rising patient awareness levels are some key
factors accounting for its market attractiveness.
- Key players analyzed in this study include 3M Health Care, Allergan,
Inc., GC Aesthetics, Aesthetic and Reconstructive Technologies Inc.
Grand View Research has segmented the global
cosmetic implants market on the basis of product and region:
Global
Cosmetic Implants Application Outlook (Revenue, USD Million, 2012 - 2020)
- Breast Implants
- Dental Implants
- Facial Implants
- Others
Global
Cosmetic Implants Raw Material Outlook (Revenue, USD Million, 2012 - 2020)
- Ceramics
- Polymers
- Metal Implants
- Bio Material
Cosmetic
Implants Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- RoW
- Brazil
Access full research report on global cosmetic implants market:
http://www.grandviewresearch.com/industry-analysis/cosmetic-implant-market
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