Cosmetic Implant Market Is Predicted To Grow Quickly Due To Increasing Demand For Aesthetic Procedures Till 2020: Grand View Research, Inc.
Global Cosmetic Implants Market is expected to reach USD 9.29 billion
by 2020, according to a new study by Grand View Research, Inc. Increasing
demand for aesthetic procedures coupled with rising healthcare expenditure
levels is expected to serve this market as a high impact rendering driver
during the forecast period. Emergence of technologically advanced products such
as the two form-stable silicone gel breast implants and hyaluronic acid facial
filler is also expected to assist market growth. According to estimates
published by the American Society of Plastic Surgeons in 2013, residents of the
U.S. spent nearly USD 7.0 billion in cosmetic surgical procedures. Most of
these procedures (approximately 40.0%) were undertaken by consumers belonging
to the age group of 35 years to 50 years. Moreover, the fact that the country
is rapidly aging and has a large base of population pertaining to this age
group is expected to present manufacturers with lucrative future growth
opportunities.
Rising prevalence of breast
cancer and growing number of awareness programs such as the Breast
Reconstructive Awareness Campaign are expected to encourage women to undergo
reconstructive surgeries. Lack of appropriate reimbursement policies supporting
cosmetic surgical procedures is expected to impede market growth over the next
six years.
Browse full research report on Cosmetic Implant Market: http://www.grandviewresearch.com/industry-analysis/cosmetic-implant-market
Further key findings from
the study suggest:
- Dental implants were the highest revenue generating
application area in 2013 owing to factors such as increasing consumption
of junk food and aerated beverages which lead to a rise in prevalence of
tooth decay and other dental disorders.
- North America held over 40.0% of the cosmetic
implants market in 2013. High economic development and the presence of
sophisticated healthcare infrastructure are key factors attributing to its
large market share. Presence of high awareness and disposable income
levels and changing lifestyle habits are also expected to drive regional
market growth over the next six years.
- Facial Implants are expected grow at a lucrative rate
during the forecast period owing to increasing popularity of celebrities,
who in turn motivate younger generation to look aesthetically appealing.
Furthermore, the fact that these surgical procedures are precise and
entail almost no side effects is expected to boost usage rates during the
forecast period.
- Asia Pacific is expected to provide manufacturers with
profitable growth opportunities over the next six years. Rapidly
developing healthcare infrastructure and rising patient awareness levels
are some key factors accounting for its market attractiveness.
- Key players analyzed in this study include 3M Health
Care, Allergan, Inc., GC Aesthetics, Aesthetic and Reconstructive
Technologies Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand View Research has
segmented the global cosmetic implants market on the basis of product and
region:
Global Cosmetic Implants Application Outlook (Revenue,
USD Million, 2012 - 2020)
- Breast
Implants
- Dental
Implants
- Facial
Implants
- Others
Global Cosmetic Implants Raw Material Outlook (Revenue,
USD Million, 2012 - 2020)
- Ceramics
- Polymers
- Metal
Implants
- Bio
Material
Cosmetic Implants Regional Outlook (Revenue, USD Million,
2012 - 2020)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- RoW
- Brazil
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-cosmetic-implant-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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