Cosmetic Implants Market Growth & Trends
The global cosmetic implants market size is expected to reach USD 21.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.8% from 2023 to 2030. Increasing demand for aesthetic procedures coupled with rising expenditure levels is expected to serve as a high impact rendering driver during the forecast period. The emergence of technologically advanced products, such as two form-stable silicone gel breast implants, is assisting the market growth of cosmetic implants.
American Society of Plastic Surgeons (ASPS) revealed that Americans around USD 16.5 billion on cosmetic plastic surgery and minimally invasive procedures in 2018. Furthermore, the age group of 35–50 years accounted for nearly 40% of the total volumes of cosmetic procedures performed.
The rising prevalence of breast cancer, coupled with patient awareness programs such as the Breast Reconstructive Awareness Campaign is expected to empower women to make decisions pertaining to reconstructive surgeries. The lack of reimbursement policy related to cosmetic surgical procedures is a factor impeding market growth. However, economic development and increasing disposable income is expected to neutralize the effect of low reimbursement rates.
The advent of covid-19 had negatively impacted the growth of the cosmetic implants market as elective cosmetic treatments, especially invasive procedures, were halted. However, the market witnessed high post-pandemic boom as the demand to look appealing in Zoom calls, high disposable income ,and affordable aesthetic treatments assisted in boosting market growth.
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Cosmetic Implants Market Report
Cosmetic Implants Market Report Highlights
- Dental implants were the highest revenue-generating application area in 2022 owing to factors such as increasing consumption of junk food and aerated beverages, which are leading to tooth decay and other dental disorders
- North America held nearly 35.5% of the global cosmetic implants market. Economic development and the presence of technological advanced products & healthcare infrastructure are key factors attributing for regions large share
- Breast Implants to are expected grow at a lucrative CAGR during the forecast period owing to increasing popularity of celebrities which in turn motivate younger generation to look aesthetically appealing
- Asia Pacific is expected to provide manufacturers with profitable growth opportunities over the estimated period. Rapidly developing healthcare infrastructure and rising patient awareness levels are key drivers attributing for the growth of this regional market
