Cosmetic Implants Market Expected to Reach $20.5 Billion by 2030

According to a new report published by Allied Market Research, titled, “Cosmetic Implants Market," The cosmetic implants market size was valued at $9,240.80 million in 2020, and is estimated to reach $20.5 Billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Cosmetic implant is embedded implant used to improve the aesthetic beauty of an individual. Either Invasive or non-invasive surgical procedures are used to embed the cosmetic implants in body of an individual. People can now easily replace damaged or missing body parts, regain their natural look, and enhance their aesthetic appearance, owing to cosmetic implants.

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.

Depending on product, the market is classified into dental implants, breast implants, and facial implants. The dental implant segment was the major revenue contributor in 2020, owing to increase in dental deformities and malocclusion. Furthermore, demand for facial implants is increasing , owing to increase in demand for facial correction and aesthetic appearance, which, in turn, boost the cosmetic implants industry. On the basis of raw material, it is categorized into polymers, metals, ceramics, and biomaterials. The metal segment is projected to exhibit the fastest growth during the forecast period, owing to increase in demand for facial implants and rise in number of cosmetic hospitals.

The COVID-19 outbreak negatively impacted the cosmetic implants market , owing to shutdown of dental clinics and cosmetic hospitals. The COVID-19 significantly affects critically ill patients. Most of the cosmetic surgeries were either canceled or postponed to prevent the spread of infection. However, cosmetic hospitals are reopened to operate with more precautions , which contributes to market growth post pandemic.

North America was the leading revenue contributor to the global cosmetic implants market share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to its well-developed healthcare industry, presence of high number of cosmetic surgeons, and rise in number of patients undergoing cosmetic surgery. However, Asia-Pacific is expected to grow at the highest CAGR of 9.6% during the cosmetic implants market forecast period, as it is expected to offers lucrative opportunities for cosmetic implants players, owing to increase in demand for cosmetic surgeries and improvement in healthcare facilities.

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.