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.
In depth research report on Cosmetic Implants Market
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.
For the purpose of this study,
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
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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