Acknowledging the Rapid Expansions, The Market Perceives Currently, Market Research Future (MRFR) in its Recently Published Study Report Asserts that The Global Cosmetic Implant Market Will Reach USD 11.2 BN by 2022, Registering a CAGR of 7.1% Throughout the Forecast Period (2017-2022).
Global Cosmetic Implant Market – Overview
The cosmetic implant market is growing pervasively mainly due to the growing market for cosmetic treatments. Growing wellness concerns led by the increasing consciousness towards beautiful looks, worldwide, are fuelling the market growth to an extent. Increasing awareness among people about total wellness and well-being plays a significant role in fostering market growth.
With extensive research in the field, cosmetic implants have proven to be a safe and effective way to replace the appearance or functions of the missing organ. Manufacturers of implants strive to develop new and innovative products continually, which can provide advanced solutions to the surgeons, easing the processes. Refined processes are increasingly encouraging people to opt for implants, augmenting their demand. Resultantly, the cosmetic implant market is escalating on the global platform.
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Additional factors substantiating the market growth include the growing population that is increasingly inclining towards wellness and good looks, the geriatric populace, and rapid urbanization, worldwide. Improving economic conditions across the globe provide impetus to market growth, enabling access to the quality of life.
Substantial amounts and seminal efforts invested by the market players to develop innovative technologies and advanced implants are paying off well, fostering the uptake and the hence, the growth of cosmetic implant market.
Global Major Players:
Key players leading the global cosmetic implant market include ALLERGAN, INC., DENTSPLY Implant, LABORATOIRES ARION, 3M, CEREPLAS, Nobel Biocare Holding AG, Zimmer Holdings, Inc., Institut Straumann AG, Spectrum Designs Medical, Dyna Dental, Cortex Dental Implant Industries Ltd., and AART.Inc among others.
For enhanced understanding, the market has been segmented into four key dynamics: –
By Type: Dental Implant, Brest Implant, Facial Implant, and Buttock Implant among others.
By Material: Polymers, Metals, Ceramics, and Biologicals among others.
By End-users: Hospitals, Dental Clinics, and Academics among others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Cosmetic Implant Market – Competitive Landscape
Highly competitive, the cosmetic implant market appears to be fragmented owing to the presence of several well-established players forming a competitive landscape. Incorporating strategic initiatives such as the partnership, expansion, acquisition, product & technology launch, and collaboration remain the key strategies of market players to achieve competitive advantage.
Cosmetic Implant Market – Geographical Analysis
The North American region heading with the increasing number of cosmetic surgeries and implants is expected to retain its dominance over the cosmetic implants market throughout the forecast period. Being a well-developed region that has the highest GDP worldwide North America has the edge over other regions in terms every aspect be it healthcare, technology or wellness.
Certainly, the high economy allows access to the quality of life for the people. Naturally, North American demographic has an aesthetical approach towards every aspect of life. The presence of the huge aesthetician population is a key force driving the market growth in the region.
The market is accruing owing to the significant contributions from the burgeoning market of the US which is led by the high per capita income and high spending on wellness. Moreover, augmenting demand for aesthetic products drives market growth. The cosmetic implant market in North America is projected to create a larger revenue pocket in the global market by 2022, continuing with the same trends.
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The cosmetic implant market in the European region accounts for the second-largest market, globally. The presence of large aesthetician populace predominantly drives the market. The resurging economy in the region is playing a vital role in market development, allowing access to quality life by increasing the purchasing power of consumers.
The well-established healthcare penetration in the region is another key driving force contributing to the market growth. The colossal growth in the markets in countries like Germany & France drives the regional market on a large scale. With the increasing investment in medical cosmetic implant and a rising number of enthusiasts of the cosmetic implant, the market is estimated to register a phenomenal CAGR during the review period.
The Asia Pacific cosmetic implant region is rapidly emerging as a lucrative market, globally. The burgeoning media and entertainment industry in India act as a major driving force to substantiates the cosmetic implant market in the country and in the region. Improving economic conditions especially in India and China support the growth of the regional market, increasing consumer purchasing power.
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