DUBLIN--(BUSINESS WIRE)--The "Global Cosmetics Implants Market Outlook 2028: Global Opportunity And Demand Analysis, Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
According to statistics the global cosmetic implants market size was pegged at a value of USD 9,240.80 million in 2021, and is predicted to hit USD 20,541.20 million by 2029, expanding with a CAGR of 9.75% during the forecast period (2022 - 2029).
Cosmetic implants are devices or they can be tissues implanted either within or outside the human body. Implants dispense medication, they help in monitoring our body's activities such as the body organs, tissues and systems. They are made of materials such as skin, bone, plastic, and even ceramics.
The subsequent rise in the occurrence of congenital defects like cleft lip and cleft palate is sure to skyrocket the use of cosmetic implants, this will in turn ensure the growth of the cosmetic implants market.
Increasing demand for aesthetic implants would drive the growth in implants use.
Subsequent rise in congenital defects would skyrocket the use of cosmetic implants, the change in people's lifestyle would increase the need for aesthetic products. According to the American society for plastic surgeons, 17.7 million people had cosmetic surgery in 2018 and about 2.0 percent of this surgery was in the year 2017. Increased inactive lifestyle like drinking, smoking, diabetes etc. can increase the risk of children being born with the cleft lip and cleft palate. This increases the demand for cosmetics implants and in turn boosts the growth of the implants market. According to the center for disease control and prevention, (CDC) approximately one in every 16000 babies in the United States would be born with a cleft lip or palate in the year 2020.
More so, technological improvements in the cosmetic surgery industry in these implant s would aid in the growth of the market. Increase in the number of cosmetic products approved by the (FDA), food and drug administration drives the expansion of the cosmetic implants market. Furthermore, increased R&D activities in the surgical image technology fuels the growth of the cosmetic implants market. Dentsply Sirona who is a global leader in dental implants and prosthesis announced the introduction of the Axeos 3D/2D surgical imaging system in 2020. It enhances clinical confidence in patients and creates good patient experience, and allows for procedural extensions.
Furthermore, the growing need for surgical implants to help in improving beauty and face look propels the cosmetic implants market. For example, Golderma, the world's biggest independent dermatological firm obtained FDA clearance for Restylane Kysse a hyaluronic acid (HA) filler that helps to improve the fullness of the lips. Also, it is used to repair the wrinkles around the top lip in individuals of 21 and above.
According to the International society for Aesthetic plastic surgery (ISAPS), about 10,129,528 number of cosmetic surgeries would be performed around the world in 2020. Furthermore, developments like these in the cosmetic implants industry would increase the cosmetics market. In January 2021, Mentor Worldwide LLC, a subsidiary of Johnson and Johnson -a global leader in manufacturing breast aesthetics were received approval by the FDA for their novel product MENTOR MemoryGel BOOST breast implant for breast augmentation of women of age 22 and above.
Impact of COVID-19
The SARS-CoV2 virus which is appeared like an unknown pneumonia-like disease in December 2019, obtained the status of a global pandemic, by March 2022. Like all other industries, the life sciences sector is also severely hit by the COVID-19 pandemic. This is mainly caused by a drop in health care providers and reduced patient interactions as hospitals shifted their resources towards COVID-19.
As the hospitals shifted its attention towards developing a pandemic cure, many patients around the world started avoiding healthcare facility visits and postponed preventative care, which in turn dampened the demand for nonCOVID-19 products and trials. For instance, since April 2020 nearly 70% of clinical trials have been affected due to suspension of enrollment and almost 13% have experienced delayed trials. However, rapid change in strategy by major market players considering the existence of pandemic conditions will boost the market growth over the forecast period.
The dental impact segment is expected to grow at the fastest CAGR during the forecast period of (2022-2029).
This is due to the increased use of therapeutic many dental implants in the therapeutic fields. Increased availability and excellent results of technologically enhanced dental surgery increases the demand for this service.
The Asian-Pacific regions To Hold The Largest Share in The Global Cosmetics Implants Market During The Forecast Period
According to the ministry of Health and Welfare, dental caries affect 60% of the Indian population while, 85% are affected by periodontal diseases. This presents chances for the importantly interested parties to take vast measures on a population affected by tooth loss.
In China and Japan, there is likely to be an increase in the use of therapeutic products during a forecast period of 2022-2029. This is due to the growing elderly driven market as an increase in the population base.
Competitive Analysis
Some of these key parties which contribute to the growth of the market include:
- 3M company
- AbbVie Inc.
- Zimmer Holdings Inc.
- Johnson and Johnson
- Nascomed
- Dentsply Sirona Inc.
- GC Aesthetic PLC.
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