Cosmetic Implants Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2014 - 2020

The demand for cosmetic implants has surged lately with growing preference for cosmetic surgeries and introduction of new surgical devices. The global cosmetic implants market was worth US$2.1 bn in 2013. Expanding at a CAGR of 5.7% during the period from 2014 to 2020, the overall cosmetic implants market is estimated to be valued at US$3.2 bn by 2020. Growing awareness about cosmetic implants, benefit of implants, and aesthetic appearance has fuelled demand from the global cosmetic implants market.

The key application segments of cosmetic implants include facial implants, breast implants, dental implants, and others including buttock, penile, and calf implants. There has been a noticeable growth in the breasts implants segment in the past couple of years. In 2013, breast implants dominated the overall cosmetic implants market. During the period between 2014 and 2020, this application segment is estimated to expand at a CAGR of 6.6%. However, growing incidences of breast implant malfunction will hamper the growth of the segment in the coming years.

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Manufacturers are Often Blamed for Breast Implant Malfunctions

The U.S. Food and Drug Administration has listed down a number of complications associated with saline-filled and silicone gel-filled breast implants such as capsular contracture, implant wrinkling, scarring, asymmetry, and infection at the incision site. Malfunctioning breast implants aggravate the complications.

Recently, it was found out that silicone implants manufactured by Silimed, the largest manufacturer of silicone implants in South America, were contaminated with particles. The Medicines and Healthcare Products Regulatory Agency (MHRA) along with other European regulators have suspended the sales of Silimed’s silicone implants. A vast majority of these silicone implants would have been used in cosmetic breast enlargement. A similar incident was reported in 2010 when it was found that Poly Implant Prothèse (PIP), one of the leading manufacturers of breast implants was not using medical-grade silicone in its devices. This increased the rate of rupture of the implants and a large number of patients across South America and Europe were affected.

Australian Government Taking Stand against Cheap Implants

In Australia, the government is taking a firm stand against cheap breast implants in unlicensed clinics. Under new rules considered by the New South Wales government, cosmetic surgeons could be banned from offering cheap breast implants in unlicensed clinics. The government is considering making rules so that cosmetic surgeries such as breast implants, buttock implants, penis augmentation, and face lifts could only be performed in a licensed private hospital or health facility.

While the overall cosmetic implants market is booming with the development of low cost implant devices, the threat of implant malfunction and related life-threatening complications will definitely scar the growth story of the market.

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Cosmetic Implant Market Outlook to 2020 Latest Industry Forecast Report Available Online by Tranparency Market Research

The history of cosmetic implants can be traced back to 600 BC, when the Hindu surgeon Sushruta first performed a cosmetic surgery - a rhinoplasty using a skin graft from the cheek. The world of cosmetic surgeries has evolved massively since then, with scientists now able to design virtually perfect cosmetic implants.

Cosmetic implants surgically change your body in ways you desire. They enhance your look or reconstruct an area that may have been damaged due to an injury.The cosmetic implant market has enjoyed soaring success in the past few decades. As both surgeons and patients realize the benefits of cosmetic corrections with respect to congenital malformations such as a cleft palate or a cleft lip, the demand for cosmetic surgeries across the globe has witnessed new highs.

Both Aesthetic and Medical Reasons Contributing to the Medical Implant Market

The global cosmetic implants market is growing due to medical reasons and increasing social pressures about looks.Important contributors to the expanding cosmetic implants market,besides the obvious medical reasons, are the social pressuresof ethnic prejudice,the need to look youthful in certain careers, and coercion.Some of the other factors that lead people to opt for cosmetic implants aredepression, altering certain features (usually seen in women) for various reasons, and conditioning of the mind that veers towards unusual bodily changes.

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Future Outlook of Breast Implants Market is Strong

The vast world of thecosmetic implants market is divided on the basis of its several applications, types of sources, and expansive geography. Depending on the type of source, the global cosmetic implants market is divided into polymers, metals, ceramics, and biologicals. Amongst these segments, polymers accounted for the largest share in 2013. The main contributor to this success is the incredible use of polymers as a material in the production of body-contouring implants, facial implants, and breast implants. The next sub-segment to leave an impression on the global cosmetic implants market will be the metal implants segment, which will grow at a CAGR of 6.3% from 2014 to 2020. Additionally, a growing number of cosmetic dentistry practices tagged at high prices are also expected to boost the metal implants’ segment in the forecasted period.

The application segments of the global cosmetic implant market includebreast implants, facial implants, dental implants, and others such as buttocks, penile, and calf implants. Out of these segments, breast implants hold the biggest market share, with a valuation of US$945 million in 2013. Several breast implant devices such as Mentor MemoryGel, Sientra Silicone Breast Implant, and Allergen 410 Natrelle Silicone Breast Implants are fueling the growth of this segment in the past few decades. Analysts predict that the breast implant segment will be the fastest growing segment from 2014 to 2020 due to rising awareness about advantages of breast implants.

Europe to Lose Market Share to Other Emerging Regions

Geographically, the cosmetic implants market has been segmented into Europe, North America, Asia-Pacific, and Rest of the World (RoW). As of 2013, the biggest category in the global cosmetic implants market is Europe. The factors supporting this dominance were an increasing number of cosmetic dental implants, and exorbitant pricing of devices and procedures. However, in the coming five years, regions from theRoW category are expected to grow at a rate of 7% due to the reasonable cost of devices and booming medical tourism industry.

Key Enterprises in Global Cosmetic Implants Market

The global cosmetic implants market is oligopolistic in nature. About 50% of the dental implant segment is held by Nobel BioCare, Straumann AG, and DENTSPLY International. Some of the other key players in the industry include Biomet, Spectrum Medical Designs, Zimmer Holdings, Inc., 3M Health Care, GC Aesthetics, and Implantech Inc., Mentor Worldwide LLC, Sientra, and Allergan, Inc. In the coming few years, the financial outlooks of these companies, their research and development activities, and product catalogs will decide the fate of the global cosmetic implants market in the global economy

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