According
to a new market report published by U.S. based market research
company, Transparency Market Research “Cosmetic Implants Market -
Global Industry Analysis, Size, Share, Growth, Trends & Forecast,
2014 - 2020” the global cosmetic implants market was valued at USD
2.1 billion in 2013 and is estimated to reach a market worth of USD
3.2 billion in 2020 growing at a CAGR of 5.7% from 2014 to 2020.
Increasing
number of cosmetic surgeries owing to rising awareness and
introduction of new and technologically advanced implant devices are
considered as the important drivers of this market. Cosmetic implant
devices are used for replacement of missing parts and modification of
aesthetic appearance. Increasing awareness about aesthetic appearance
and benefits of implants are projected to boost the market growth.
Moreover, increasing number of cosmetic surgeons and growing medical
infrastructure are expected to propel the market growth during the
forecast period from 2014 to 2020.
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The
global cosmetic implants market was segmented on the basis of types
of sources and applications. Polymer implants was the largest source
of cosmetic implant devices and held majority share in 2013, owing to
abundant presence of raw materials and extensive use in the
manufacturing of breast, facial and body contouring implants. Metal
implants segment is likely to witness the highest growth rate.
Steadily growing number of cosmetic dentistry practices and high cost
of implant devices likely to boost the market growth. Similarly,
breast implants was considered as the largest application segment of
cosmetic implants market in 2013. This dominance was majorly due to
extensive number of breast implant practices owing to rise in
awareness is likely to accentuate the market of breast implants. It
is anticipated that this application segment would retain its
dominance by the end of 2020. Moreover, this segment is projected to
grow at a highest CAGR of 6.6% during the forecast period from 2014
to 2020.
Europe
was the largest cosmetic implant market globally in 2013, due to
extensive number of cosmetic dentistry practices coupled with high
cost of devices and procedures and strong awareness about aesthetic
appearance and benefits of implant devices and surgeries. However,
Rest of the World (RoW) is estimated to witness strong growth and
emerge as the most promising and fastest growing market during the
forecast period from 2014 to 2020. The growth is expected to be
driven by factors such as rapidly growing medical tourism, low cost
of implant devices compared to developed countries such as the U.S.
and the U.K. and increasing awareness towards physical and aesthetic
appearance.
The
market is consolidated and is dominated by selective players
operating on a global level, such as, Straumann, Nobel BioCare,
Allergan, Inc., Mentor Worldwide LLC and Sientra, Inc. Straumann was
the market leader in cosmetic dentistry market with around 18.8% of
the total share of cosmetic dental implants market. This was followed
by Nobel BioCare and DENTSPLY International, Inc. In 2013, Allergan,
Inc. dominated the global cosmetic implants market (excluding
cosmetic dentistry segment). This was followed by Mentor Worldwide
LLC and Sientra, Inc. Geographical expansion and development of new
and safe implant devices are the key strategies pursued by different
market players to accentuate their market shares.
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The
global cosmetic implant market is segmented as follows:
Global
Cosmetic Implants Market:
By
Types of Sources
-
Polymers
-
Metals
-
Ceramics
-
Biologicals
By
Applications
-
Breast Implants
-
Dental Implants
-
Facial Implants
-
Others (Buttock, Penile and Calf Implants)
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Full Press Release of This Report:-
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Full Article of This Report :-
http://www.transparencymarketresearch.com/article/Cosmetic-Implants-Market.htm
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