The cosmetic implants market has been experiencing steady growth over the past few years and is expected to continue growing in the coming years. Cosmetic implants are used to improve or enhance the appearance of various body parts, including the breasts, face, and buttocks. These implants are made of biocompatible materials such as silicone or saline and are placed beneath the skin or muscle tissue.
The increasing demand for cosmetic procedures and the growing acceptance of cosmetic surgery are the primary drivers of the cosmetic implants market. In addition, the rise in disposable income and the increasing popularity of non-surgical cosmetic procedures, such as injectables and fillers, have also contributed to the growth of the market. Furthermore, the development of new and innovative implants, as well as advances in technology, have increased the safety and effectiveness of cosmetic implants, leading to a growing number of people opting for these procedures.
The cosmetic implants market was estimated at US$ 9.5 Billion in 2021 and is expected to grow at a CAGR of 7.5% during 2022-2028 to reach US$ 16.5 Billion by 2028.
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Despite the growth potential, the cosmetic implants market also faces some challenges. One of the key challenges is the high cost of these procedures, which limits the accessibility of cosmetic implants to a certain segment of the population. In addition, there are also concerns about the safety and potential risks associated with cosmetic implants, such as the risk of infection, implant rupture, and complications related to anesthesia.
The cosmetic implants market can be segmented based on product type, material type, and end-user. The product types include breast implants, facial implants, and buttock implants. The material types include silicone, saline, and others. The end-users of cosmetic implants include hospitals, cosmetic surgery centers, and others.
The cosmetic implants market is dominated by North America, followed by Europe and Asia-Pacific. The increasing number of cosmetic procedures performed in these regions, as well as the presence of major players in the market, have contributed to their dominance. Latin America and the Middle East and Africa are also emerging as promising markets for cosmetic implants, driven by the growing demand for cosmetic procedures and the increasing acceptance of these procedures in these regions.
The following are the major players in the cosmetics implants market:
- 3M Healthcare (United Kingdom)
- AbbVie, Inc. (United States)
- Aesthetics GmbH (Germany)
- Aesthetic and Reconstructive Technologies (AART) Inc. (United States)
- Allergan, Inc. (Ireland)
- Danaher Corporation (United States)
- Dentsply Sirona Inc. (United States)
- GC Aesthetics PLC (Ireland)
- Implantech Associates Inc. (United States)
- Institut Straumann AG (Switzerland)
- Mentor Worldwide LLC (United States)
- Nobel Biocare Holding AG (Switzerland)
- Polytech Health (Germany)
- Sientra Inc. (United States)
- Spectrum Designs Medical (United States)
- Zimmer Holdings Inc. (United States)
The cosmetic implants market analyzed to be moderately competitive. The market consists of the global as well as local players. Due to the technological advancements, small and mid-sized companies are focusing on market penetration to grab the market share. Furthermore, to increase their global reach, key player are engaged in competitive strategies like product launches, research development activities, expansion, joint ventures and others.
The future outlook for the cosmetic implants market is positive, with continued growth expected in the coming years. The market is expected to benefit from the increasing demand for cosmetic procedures and the development of new and innovative implants. In addition, the growing acceptance of cosmetic surgery and the increasing popularity of non-surgical cosmetic procedures are expected to contribute to the growth of the market. However, concerns related to safety and cost are expected to continue to pose challenges to the market.
In conclusion, the cosmetic implants market is a growing market that is driven by various factors such as the increasing demand for cosmetic procedures, advances in technology, and the development of new and innovative implants. While the market faces challenges related to safety and cost, the future outlook for the market is positive, with continued growth expected in the coming years.