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October 03, 2019 | Healthcare
The global aesthetic implants market size is expected to reach USD 6.14 Billion by 2026, thereby exhibiting a CAGR of 6.6% during the forecast period. This information is published in a report by Fortune Business Insights, titled, “Aesthetic Implants Market Size, Share & Industry Analysis, By Product (Breast Implants, Dental Implants, Facial Implants & Others), By Gender (Female, Male), By End-user (Hospitals, Specialty Clinics), and Regional Forecast, 2019-2026.” The report further states that the global market was valued at USD 3.67 Billion in 2018. The ongoing technological advancements occurring in this industry is anticipated to boost the global aesthetic implants market growth in the forthcoming years.
Rising Usage of Social Media Platforms to Influence People to Undergo Cosmetic Surgeries
Since the advent of the Internet, the world has rapidly shifted to social media platforms from face-to-face communication in search of influencers. The millennials are encouraged to follow certain beauty standards on various social media platforms such as Instagram, Facebook, and Twitter, as well as on several dating sites. There’s also a desire to receive ‘likes’ and get more ‘followers’ on social media, especially in the teenage population, who think of it as their social standing. Altogether, these factors have motivated many people to undergo cosmetic surgery. Several single men and women are still undergoing beauty enhancement surgery to look good on social media and dating sites, which is further fueling the global aesthetic implants market revenue.
Increasing Adoption of Aesthetic Implants to Favor Growth in North America
North America is anticipated to lead the global market during the forecast period owing to the increasing adoption of aesthetic implants and expensive nature of the procedure. Also, strategic collaborations and robust position of renowned manufacturers in the region is likely to contribute to the market growth. The North America market stood approximately at USD 1.44 Billion, accounting for the dominant global aesthetic implants market share in 2018. The American Society for Aesthetic Plastic Surgery declared that in the year 2017, around 333,392 breast augmentation procedures were conducted in the U.S., which, in turn, is aiding the growth of the market in this region. Moreover, a rise in the number of research and development activities of advanced implants as well as growing awareness campaigns regarding cosmetic surgeries will impact this market positively in the coming years.
Influence of Western Culture and Rising Cases of Breast Surgery to Propel Growth in Asia Pacific
In Asia Pacific, there is an increasing influence of western culture. It is playing an important role in fueling the aesthetic implants market sales in this region. Moreover, rising cases of breast surgery in emerging countries, namely, India, Japan, and China will also contribute to the market growth. Combined with this, rapid adoption of cosmetic implants will also propel the market in this region.
Market in Latin America to Grow Significantly Owing to Rising Demand for Cosmetic Procedures
The report states that Latin America is expected to exhibit notable growth in the aesthetic implants market during the forecast period. The growth is attributed to a rise in the trend of medical tourism for various cosmetic procedures. Furthermore, in countries such as Mexico and Brazil, there is a rise in the number of implant procedures. The International Society of Aesthetic Plastic Surgery revealed that in Brazil, approximately 221,380 breast augmentation procedures were performed in the year 2017. It represents huge growth potential in this region in the coming years.
Fortune Business Insights profiles some of the prominent market players operating in the global market. They are Allergan, GC Aesthetics, Institut Straumann AG, Surgiform Technologies LLC., Dentsply Sirona, POLYTECH Health & Aesthetics GmbH, Sientra, Inc., Mentor Worldwide LLC, and other market players.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/aesthetic-implants-market-100711
The global aesthetic implants market is segmented into:
Value (USD Billion)