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Cosmetic Implants Market to Attain a Value of US$ 3.2 Bn by 2020

Transparency Market Research Report Added "Cosmetic Implants Market" to its database.

Albany NY, 18 January 2019 -- Global cosmetic implants market was valued at USD 2.1 billion in 2013 and is estimated to reach a market worth of USD 3.2 billion in 2020 growing at a CAGR of 5.7% from 2014 to 2020

Institut Straumann AG, Nobel Biocare Holding, Inc., and DENTSPLY International, Inc. cumulatively represented more than 49% of the global cosmetics implant market in 2013. Trends in the market are also influenced by other players such as Aesthetic and Reconstructive Technologies (AART) Inc., 3M Health Care, Allergan Inc., Implantech Associates Inc., GC Aesthetics, Mentor Worldwide LLC, Spectrum Designs Medical, Sientra, Inc. and Zimmer Holdings, Inc. In a new report, Transparency Market Research (TMR) states that this highly fragmented market presents a positive scenario for vendors. The increasing number of cosmetic surgeons is acting as a growth enabler for the cosmetic implants market globally.

A significant cut-down in the price of devices and surgeries can help the growth rate of the market to increase by many folds. Additionally, technological advancements in the devices used can also bolster the growth of the global cosmetic implants market. “The introduction of new products and devices will fuel the growth of the cosmetic implants market,” says the author of the study.

Report Overview @ https://www.transparencymarketresearch.com/cosmetic-implants-market.html

Expensive Surgical Procedures and Implant Malfunctions Hold Back Market Growth

The high cost of surgical devices and procedures impede the growth of the cosmetics implant market. Implant devices comprise approximately 60% of the surgical cost depending upon the type, size, and the manufacturer. At present, these devices do not cater to low-income groups.

Another problem associated with surgical implants is that there is no guaranteed safety. Implant devices such as buttock implants, dental implants, penile implants, breast implants, and facial implants (especially cheek and jaw implants) come with a risk of malfunction. Any malfunction in implant leads to asymmetry, pain, implant rupture, seroma, and implant visibility and extrusion. To put this in perspective, during the post-approval safety studies performed by the U.S. FDA in 2009, Allergan, Inc. reviewed 2,674 breast implant devices, out of which, approximately 900 (33.8%) were reported to have openings in the implant shell. Implant rupture is thus considered one of the restraining factors to the growth of the breast implant market.

Request A Sample Copy @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3674

Technological Breakthroughs in Surgeries and Devices can Help Global Cosmetic Implant Market Register High Growth

Periodic upgradation of implant devices used in surgeries can lower the chances of malfunction, thus propelling the growth of cosmetic implant market globally. Moreover, technological advancements will open new avenues for the market, as a result, it will cut down the cost of the implant devices. These measures are likely to boost the growth of the global cosmetic implant market.

Polymer Implants to Thrive Due To Raw Material Abundance

“Despite the high-cost devices and surgeries, growth is likely to occur due to rapidly growing awareness about cosmetic surgeries and steadily increasing the number of cosmetic surgeons,” says TMR analyst. The market which was at US$ 2.098 bn in 2013 will register an impressive growth and is expected to reach US$ 3.162 bn in 2020.

By source type, the market has been segmented into polymer implant, ceramics implant, metal implants, and biological implants. The polymer implant is the leading segment due to abundant availability of raw materials and a wide range of applications in surgeries. It is expected to account for 46.9% of the total market by the end of the year 2020. A large part of polymer implants is used in breast implant surgeries, which is the leading and also the fastest growing segment by the application. By revenue, breast implants accounted for US$ 1.113 bn in 2015 and is expected to reach US$ 1.506 bn in 2020.

In terms of geography, Europe, which was leading in 2015 with US$ 809.7 mn, is anticipated to retain its leadership by the end of the year 2020 with US$ 1099.4 mn. However, APAC is expected to register the highest growth rate during the forecast period.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Transparency Market Research

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Albany, NY 12207

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Website: https://www.transparencymarketresearch.com

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Submitted by hawer on Friday, 18 January 2019 at 8:08 PM
Category: Health Care & Medical
 
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