Allied Market Research published a report entitled “Cosmetic Implants Market by Product (Dental Implants, Breast Implants, Facial Implants, Other Implants), by Biomaterial (Polymers, Metals, Ceramics, Biomaterials): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global cosmetic implants industry was valued at US$9.24 billion in 2020 and is expected to reach US$20.54 billion by 2030, growing at a CAGR of 8.2% from 2020-2030.
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COVID-19 Scenario –
- The temporary closure of cosmetic hospitals and dental clinics in most countries, especially in the initial phase of the pandemic, negatively impacted the global cosmetic implant market.
- Most scheduled cosmetic surgeries were either canceled or postponed during the period. However, the market has already started to recover and is expected to get back on track soon.
Drivers, Limitations and Opportunities –
The increasing prevalence of congenital facial deformities, including cleft lip and palate, technological advances in cosmetic implants, and an increasing number of US Food and Drug Administration (FDA) product approvals for cosmetic implant products are driving the growth of the cosmetic implant market. On the other hand, high process costs partially inhibit growth. However, new product launches in the global market are expected to create lucrative opportunities in the industry.
Increasing demand for minimally invasive repair surgeries, increasing number of traffic accidents and trauma cases, and increasing cases of congenital facial and dental deformities are contributing to the growth of the cosmetic implant industry. Additionally, the increase in geriatric population is contributing to the growth of Cosmetic Implants market analysis. In addition, the geriatric population is prone to misaligned teeth. For example loud…
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