The worldwide cosmetic implants market was anticipated at around USD 2.1 billion in 2013. It is expected to achieve a size of around USD 3.2 billion by 2020. The forecast period continues from 2014 to 2020. The market is likely to attain a CAGR of nearly 5.7 percent during the said phase. Growing cosmetic surgeries across various regions of the world are expected to be the key driver of the cosmetic implants market.
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Boost in cosmetic surgeries owes to the introduction of high-tech implant instruments. This boost also owes to rising awareness in relation to cosmetic implants and improved aesthetic features. Cosmetic implants are utilized for changing aesthetic appearance and substituting missing parts in people. Advantages of cosmetic implants are predicted to drive further demand for the market through the forecast period.
Escalation in the number of cosmetic surgeons and expanding healthcare infrastructures are also anticipated to drive further growth of the cosmetic implants market.
Cosmetic implants are instruments that are positioned outside or inside the human body. They cater to the requirements of people and help them achieve satisfaction by enhancing their looks.
Amplifying oral practices and multiple activities regarding tooth care also steer the sales of the cosmetic implants market.
Categories And Category Leaders
The global cosmetic implants market is subdivided into applications, sources and geographies. The applications market includes dental implants, breast implants, facial implants and others. The sector of others includes penile implants, buttock implants and calf implants. Growing demand for cosmetic implants across all these sectors is also anticipated to drive the cosmetic implants market ahead.
Breast implants were reported to be the biggest application sector in 2013. This was owing to rising breast implants and boost in consciousness regarding them. The sector is likely to maintain similar trends during the forecast period. Additionally, breast implants are estimated to register a maximum CAGR of 6.5 percent during the same period. They were followed by dental implants in the same year.
The sources market consists of metals, polymers, biologicals and ceramics. Polymers were the biggest source of the cosmetic implants market in 2013. They occupied the maximum share that year. The metals sector is projected to experience maximum development in the years ahead. The geographies cosmetic implants market is divided on account of Europe, Asia Pacific, rest of the world and North America.
Europe was reported to be the biggest market in 2013. Advantages of cosmetic implants, rising cosmetic dentistry procedures and escalated consciousness with respect to aesthetics are factors, projected to increase the demand for this regional market. The rest of the world is predicted to undergo robust expansion in the future.
It is projected to be the most swiftly growing and promising cosmetic implants market of the world during the forecast period. This owes to fast growing healthcare appliances, low-priced implant devices and growing awareness in relation to physical appearance. Asia Pacific is likely to offer ample growth opportunities for the cosmetic implants market in the six years that lie ahead.
Information Source: Grand View Research