Technological advances in cosmetic implants and the increase in the number of US Food and Drug Administration (FDA) product approvals for cosmetic implant products are driving the growth of the cosmetic implant market.
PORTLAND, Hours., April 4, 2022 / PRNewswire / – Allied Market Research released a report titled “Cosmetic Implants Market by product (dental implants, breast implants, facial implants, other implants), by biomaterial (polymers, metals, ceramics, biomaterials): analysis of global opportunities and sector forecasts, 2020-2030 “. According to the report, the global cosmetic implant industry was valued at $ 9.24 billion in 2020 and is expected to hit $ 20.54 billion by 2030, recording a CAGR of 8.2% from 2020 to 2030.
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Drivers, constraints and opportunities-
The rise in the prevalence of congenital facial deformities, including cleft lip and cleft palate, technological advances in cosmetic implants, and the increase in the number of U.S. Food and Drug Administration (FDA) product approvals for cosmetic implant products drive the growth of the cosmetic implant market. On the other hand, the high costs involved in the procedures hinder growth to some extent. However, the launch of new products in the global market is expected to create profitable opportunities in the industry.
- The temporary closure of cosmetic hospitals and dental clinics in most countries, particularly during the early stage of the pandemic, had a negative impact on the global cosmetic implant market.
- Most of the scheduled cosmetic surgeries were canceled or postponed during the period. However, the market has already started to recover and is expected to be back on track soon.
The segment of dental implants to keep the lion’s share
By product, the dental implants segment accounted for the highest market share in 2020, generating more than half of the global cosmetic implant market. The same segment is also expected to quote the fastest 8.8% CAGR from 2020 to 2030. This is attributed to the increase in the prevalence of dental deformities and the increase in the number of dental procedures among people worldwide. .
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The metals segment leading the way-
By biomaterial, the metals segment generated the highest share in 2020, holding over a third of the global cosmetic implant market. The increase in the number of clinics and dental offices drives the growth of the segment. The biomaterials segment, on the other hand, is expected to cite the fastest 9.3% CAGR from 2020 to 2030, due to the increase in the number of cosmetic surgeries worldwide.
North America will dominate by 2030-
By region, North America contributed the largest market share in terms of 2020 revenue, holding over a third of the global cosmetic implants market, due to the increase in the number of road accidents, the increase in the presence of key players for the development of cosmetic facilities and the increase of consolidated infrastructures throughout North America. The Asia-Pacific the region, at the same time, is expected to cite the fastest CAGR of 9.6% from 2020 to 2030. The increase in the number of dental hospitals, the increase in the prevalence of congenital deformities and the increase in the population base stimulate the growth of market in the region.
leading players in the market-
- Danaher Corporation
- POLYTECH Health and Aesthetics GmbH
- Dentsply Sirona Inc.
- GC Aesthetics PLC.
- Straumann Institute AG.
- AbbVie, Inc.
- Sientra Inc.
- Zimmer Holdings Inc
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“We have also published some syndicated market studies in a similar area that may be of interest to you. Below is the title of the report for your reference.considering the impact of Covid-19 on this market, which will help you evaluate the side effects of the pandemic on the short and long term growth trends of this market. “
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