Allied Market Research published a report, titled,”Cosmetic Implants Market by Product (Dental Implants, Breast Implants, Facial Implants, Other Implants), by Biomaterial (Polymers, Metals, Ceramics, Biomaterials): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global cosmetic implants industry was estimated at $9.24 billion in 2020, and is anticipated to hit $20.54 billion by 2030, registering a CAGR of 8.2% from 2020 to 2030.
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COVID-19 Scenario –
- Temporary closure of cosmetic hospitals and dental clinics in the majority of countries, especially, during the initial phase of the pandemic, impacted the global cosmetic implants market negatively.
- Most of the scheduled cosmetic surgeries were either cancelled or postponed during the period. However, the market has already started recovering and is projected to get back on track soon.
Drivers, restraints, and opportunities-
Increase in prevalence of congenital facial deformities including cleft lip and cleft palate, technological advancements in cosmetic implants, and rise in number of product approvals by the U.S Food and Drug Administration (FDA) for cosmetic implant products drive the growth of the cosmetic implants market. On the other hand, high costs involved in the procedures impede the growth to some extent. However, new product launches in the global market are expected to create lucrative opportunities in the industry.
Increase in demand for minimally invasive repair surgeries, rise in number of road accidents & trauma cases, and surge in cases of congenital face and tooth deformities contribute to the growth of cosmetic implants industry. In addition, increase in geriatric population contributes surge the growth of cosmetic implants market analysis. Furthermore, geriatric population are prone to dental deformities. For instance, as per the Eurostat, in 2020, it was reported that more than 20.6 % of the Europe population aged 65 and above.
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The metals segment to lead the trail-
By biomaterial, the metals segment generated the highest share in 2020, holding more than one-third of the global cosmetic implants market. Increase in number of dental clinics and dental surgeries drive the segment growth. The biomaterials segment, on the other hand, is expected to cite the fastest CAGR of 9.3% from 2020 to 2030, due to rise in number of cosmetic surgeries across the globe.
North America to dominate by 2030 –
By region, North America contributed to the major market share in terms of revenue 2020, holding more than one-third of the global cosmetic implants market, owing to rise in number of road accidents, increase in presence of key players for development of cosmetic implants, and upsurge in well-established infrastructure across North America. The Asia-Pacific region, simultaneously, is projected to cite the fastest CAGR of 9.6% from 2020 to 2030. Increase in number of dental hospitals, rise in prevalence of congenital deformities, and surge in population base boost the market growth in the region.
Prominent market players –
- 3M
- Danaher Corporation
- POLYTECH Health and Aesthetics GmbH
- Dentsply Sirona Inc.
- GC Aesthetics PLC.
- Institut Straumann AG.
- AbbVie, Inc.
- Sientra Inc.
- Zimmer Holdings Inc
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Key Findings of Study –
• On the basis of product, the dental implant segment was the highest contributor to the market in 2020.
• Depending on raw material, metal segment dominated the market in 2020
• Region wise, North America garnered the largest revenue share in 2020, whereas Asia is anticipated to grow at the highest CAGR during the forecast period.
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