Market Trends of Cosmetic Implants Industry
This section covers the major market trends shaping the Cosmetic Implants Market according to our research experts:
Dental Implants is Expected to Witness a Healthy Growth Over the Forecast Period
A dental implant is expected to dominate the global cosmetic implants market through the forecast period. This can be attributed to the increasing applications of dental implants in various therapeutic areas, along with the increasing demand for prosthetics. The growing number of traumatic dental injuries (TDIs) is also considered some of the major factors favoring the need for dental implants. As per the Scientific World Journal published in March 2021, approximately 25% of all school children and adolescents between 7 and 19 years suffer from a type of TDI involving permanent teeth. 6.1% to 41.6% of individuals encounter TDIs during childhood or adolescence. Hence, facilitating extensive demand for dental implants.
Moreover, several companies are continuously working on the launch and development of dental implants, which is also one of the driving factors for market growth. For example, in June 2022, ZimVie Inc. launched Food and Drug Administration-cleared T3 PRO Tapered Implant and Encoded Emergence Healing Abutment in the United States. The T3 PRO is built on the solutions of the T3 Tapered Implant.
Thus, because of the aforementioned factors, the dental implant segment is expected to grow tremendously.
North America Represents the Largest Market and Asia-Pacific is Expected to Register Fastest Growth.
North American region holds a significant market share due to factors such as the increasing number of plastic surgeries and increasing awareness programs by trained and skilled dermatology professionals, and maximum reimbursement coverage in the country. For instance, in April 2022, the Aesthetic Society released its annual Aesthetic Plastic Surgery Statistics, which stated that surgical procedures increased by 54% and non-surgical procedures were up by 44% in the United States. The average plastic surgeon performed 320 surgical procedures, and the cost of a surgical procedure increased by 6% non-surgical procedures increased by 1% in 2021. Further, it stated that women accounted for approximately 94% of all procedures, with 365,000 breast augmentations performed in 2021. Hence, the large number of surgeries performed in the region is a major factor contributing to the growth of the cosmetic implants market over the forecast period.
Also, the key market players in the region are aiding the market growth. For instance, in January 2021, Mentor Worldwide LLC, a part of the Johnson & Johnson Medical Devices Companies, received FDA approval for the MENTOR MemoryGel BOOST Breast Implant for breast augmentation in women at least 22 years old and for women of all ages undergoing breast reconstruction. Owing to the product launches and approval in the region, the studied market is expected to grow significantly.
Therefore, due to the above-mentioned factors, the North American region is expected to hold a significant market share in the cosmetic implant market during the forecast period.
