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Yahoo Finance Plus Facial Implant Market Size to Hit Around USD 4.7 Billion by 2030
The global facial implant market size was estimated at USD 2.84 billion in 2022 and it is projected to hit around USD 4.7 billion by 2030, poised to grow at a registered CAGR of 7.2% from 2022 to 2030.
Ottawa, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Precedence Research, Recently Announced New Report on “Facial Implant Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030”.
According to the Association for Safe International Road Travel, more than 1.3 million people die in traffic accidents each year, with another 20 to 30 million crippled or injured. Road traffic injuries are also the eighth leading cause of death for persons of all ages, according to the World Health Organization. As a result, the global facial implant industry is expanding as the frequency of vehicle accidents rises. In addition, customer demand for aesthetic procedures that are non-invasive or minimally invasive is growing, as is the popularity of non-invasive or minimally invasive procedures.
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Advancements in facial implant materials, as well as the growth and development of healthcare infrastructure, are major factors driving the worldwide facial implant market. The market for facial implants is also being bolstered by rising spending on facial appearance.
Report Highlights
By product, the chin and mandibular segment has accounted highest revenue share in 2021 of around 30.5%.
The fillers or injectables segment is poised to grow at a CAGR of 8.7%.
By material, the polymer segment has captured revenue share 37.5% in 2021.
By procedure, the eyelid segment has held revenue share of around 40% in 2021.
North America region has accounted revenue share of around 49% in 2021.
Regional Snapshot
North America is the largest segment for facial implant market in terms of region. The U.S. is dominating the facial implant market in the North America region. The increasing occurrence of accidents and injuries is driving the growth of the facial implant market in North America. According to the American Society of Plastic Surgeons, around 15.6 million cosmetic procedures were performed in the U.S. in 2014, with the number expected to increase at a rate of over 3.0% per year. Furthermore, technological advancements and rising demand for minimally invasive treatments are propelling the North American face implant market forward.
Asia-Pacific region is the fastest growing region in the facial implant market. China and India hold the highest market share in the Asia-Pacificfacial implant market. The increased awareness of facial implants, as well as the adoption of novel and cutting-edge technology, are boosting the region's facial implant market. Furthermore, the presence of significant industry competitors is expected to propel the facial implant market forward over the forecast period. Other factors driving the growth of the Asia-Pacific face implant market include the growing trend of medical tourism, the expansion of the healthcare industry, and the expansion of government initiatives.
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Scope of the Report
Report Attributes | Details |
Market Size in 2022 | USD 2.84 Billion |
Revenue Forecast by 2030 | USD 4.7 Billion |
CAGR | 7.2% from 2022 to 2030 |
Base Year | 2022 |
Forecast Year | 2023 to 2032 |
Key Players | Demant A/S, Starkey Laboratories, Inc., Cochlear Ltd., RION Co., Ltd, Microson, GN Store Nord A/S, Sonova Group |
Market Dynamics
Drivers
Technological developments
The key market players are working on research and development to launch advanced products in response to growing demand for advanced products with fewer side effects and post-surgical treatments. This is possible due to technological developments and advancements. As a result, this factor is boosting the expansion of global facial implant market.
Restraints
Adverse effects of facial implant
There is a risk of infection, which may necessitate implant removal. There is a small chance of postoperative edema, bleeding, and infection. Due to uneven resorption or implant displacement, contouring problems can emerge. Thus, adverse effects of facial implant is restricting the expansion of global facial implant market.
Opportunities
Growing awareness among general public
The people all around the globe are get aware about various surgeries and implants. As per the American Society for Aesthetic Plastic Surgery, the most popular surgical treatments in the U.S. in 2020 were eyelid surgery, nose reshaping, and facelift surgery. Thus, growing awareness among general public is contributing to the growth of global facial implant market.
Challenges
Existence of unregulated market
The demand for facial implant is growing rapidly in developed and developing regions. Thus, there are many players in the market who do not have proper license for implants and surgeries. This factor negatively impacts the market growth. As a result, existence of unregulated market is a major challenge for the facial implant market.
Report Highlights
On the basis of product, chin and mandibular segment holds the largest market share in the global facial implant market. Due to the obvious increasing number of chin augmentation surgeries, the chin and mandibular segment are rising. The growth of the chin and mandibular section is supported by the growing importance of facial attractiveness.
On the basis of material, polymer segment holds the largest market share in the global facial implant market. The polymer substance is commonly utilized in surgeries to fix deformities. Because of its flexibility and rigidity, the polymer is commonly utilized for implants and procedures. Furthermore, solid silicone implants are widely employed in augmentation procedures. Polymer material is used in these operations. This element is helping the polymer segment's growth.
On the basis of procedure, eyelid segment holds the largest market share in the global facial implant market. The eyelid surgery is simple and takes only a few minutes to do. The rise of the eyelid sector is being fueled by the increasing number of aesthetic operations. Because of technical advancements, eyelid surgery can now be performed without any danger. As a result, this market is likely to expand in the near future.
Related Repots
Facial Injectable Market Research Report 2023 to 2032
Non-Invasive Aesthetic Treatment Market Research Report 2023 to 2032
Cosmetic Implants Market Research Report 2023 to 2032
Aesthetic Fillers Market Research Report 2023 to 2032
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Recent Developments
In order to broaden its regional presence, Surgiform Technology Ltd., declared the availability of PureForm 3-D ePTFE Facial implants throughout the China in October 2016.
Why buy this report?
The report offers a comprehensive evaluation of the global facial implant market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Segmentation
By Product
Chin and Mandibular
Cheek
Nasal
Injectables
By Material
Metal
Biologicals
Polymers
Silicone
Ceramic
Others
By Procedure
Eyelid Surgery
Facelift
Rhinoplasty
By Shape
Anatomical Facial Implants
Oval Facial Implants
Round Facial Implants
By End User
Hospital
Trauma Center
Ambulatory Surgical Centers
Specialty Clinics
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)
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