Deep Analysis of Impact of COVID-19 on “Cosmetic Implants Market 2013-2020” Growth Worldwide….



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.
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
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.
Key players of cosmetic implants market include Aesthetic and Reconstructive Technologies (AART) Inc., 3M Health Care, DENTSPLY International Inc., Allergan, Inc., GC Aesthetics, Implantech Associates Inc., Mentor Worldwide LLC, Institut Straumann AG, Sientra Inc., Nobel Biocare Holding AG, Zimmer Holdings Inc and Spectrum Designs Medical.
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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.    
Changing lifestyle triggering the demand for cosmetic procedures is expected to boost the growth of the cosmetic implants market over the next six years. Moreover, the introduction of technological advancements such as hyaluronic acid facial filler and two form-stable silicone gel breast implants and growing expenditure levels among consumers pertinent to aesthetic procedures are expected to positively reinforce the market. The cosmetic implants market is expected to reach USD 9.0 billion by 2020, growing at a CAGR of 6.8% during the forecast period. According to statistics published by the American Society of Plastic Surgeons in 2013, nearly 13.4 million minimally invasive cosmetic procedures have been performed which is approximately 3.0% more than the data registered in 2012.
Furthermore, cosmetic surgical procedure demonstrated a steady growth of 1% as compared to 2012. In 2013, nearly 1.7 million cosmetic surgical procedures were performed. Facelift and Eyelid reshaping were the top performing segments indicating 6% growth as compared to the previous year. Reconstructive plastic surgery which improves appearance and the function of abnormal body parts witnessed a 2.0% growth from 2012 to 2013. Top performing reconstructive procedures include tumor removal (4.4 million), laceration repair (254,000), maxillofacial surgery (199,000), scar revision (177,000), hand surgery (131,000) and breast reconstruction (96,000). Moreover, the presence of patient awareness campaigns such as the Breast Reconstructive Awareness Campaign directed towards engaging, educating and empowering women to make decisions pertaining to their well being post breast cancer diagnosis is expected to boost usage rates during the forecast period.
Application Insight
Key application areas of cosmetic implants include dental implants, breast implants, facial implants and others. Dental cosmetic implants emerged as the largest application segment in 2013. Key factors attributing to its large share include the presence of a large patient base suffering from dental disorders. According to the estimates published by the American Academy of Implant Dentistry, over 30 million American citizens are missing all their teeth in one or both jaws. Furthermore, nearly 15 million residents in the U.S. have undergone bridge and crown replacements. However, breast implants are expected to grow at a lucrative rate of over 6.0% from 2014 to 2020.
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Grand View Research has segmented the global cosmetic implants market on the basis of product:
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
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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