The global sales of contouring implants are anticipated to rise at a healthy CAGR of around 6% to 8% between 2022 and 2032, generating substantial revenues by the end of the forecast period. Growth is attributed to the increase in the number of cosmetic surgeries performed across the world.
Report Attribute | Details |
Contouring Implants Market Projected Growth Rate (2022-2032) | 6% to 8% CAGR |
Spreading like an uncontrollable virus, body contouring procedures are rapidly becoming a new trend in modern society. These procedures are being extensively opted for by celebrities, fashion enthusiasts and people with deformities for reshaping and enhancing their body appearances.
Body contouring is a modern surgical procedure that involves the alternation of body parts for improving the appearance of skin and tissues. Various types of body contouring surgeries such as panniculectomy, abdominoplasty, Brachioplasty, breast enlargement, and rhinoplasty are being increasingly performed by people for modifying their physical appearances.
The rise in the number of these surgeries is generating immense demand for contouring implants and the trend is likely to continue in the future. According to the International Society of Aesthetic Plastic Surgery (ISAPS), over 10,129,528 cosmetic surgical procedures were performed worldwide in 2020.
Body contouring implants are artificial structures or products that are inserted into a person's body during cosmetic procedures, with the aim of modifying the body's appearance or correcting any deformity. Adoption of these contouring implants helps people to enhance their physical appearance and maintain skin integrity and elasticity.
Various materials are available in the market which is used for the fabrication of contouring implants. Implants based on materials like Gore-Tex are gradually taking over the market. Moreover, manufacturers are now focusing on developing customized contouring implants to increase their customer base. This will further accelerate the market growth in the future.
The growing popularity of minimally invasive cosmetic surgeries, the rising prevalence of the dysmorphic disorder, increasing spending by people on modifying and reshaping their body structure, and the rise in medical tourism are some of the major factors driving the contouring implants market.
Remarkable breakthroughs in medical technology over the last few years have set a new pace and direction for the practice of cosmetic surgeries. Modern cosmetic surgeries are minimally invasive procedures used for modifying the body's appearance as well as correcting deformities. These procedures have higher success rates as compared to traditional open surgeries.
Factors such as growing social media and internet influence, rising disposable income and increasing focus towards maintaining a fit body structure are fueling the adoption of contouring surgeries. These surgeries are especially ideal for people suffering from various health conditions such as obesity and body deformities.
Rising consumer inclination towards modifying body appearance through cosmetic surgeries will continue to boost the sales of contouring implants during the forecast period.
Similarly, innovations in contouring implant materials are anticipated to create lucrative growth opportunities for the market players in the future.
Although sales of contouring implants are rising at a robust pace, there are various emerging challenges that are likely to pose a threat to market growth over the forecast period. Some of these factors are the high procedural costs of body contouring surgeries, the lack of reimbursement policies for contouring implants and the risk of developing complications after contouring surgeries.
In addition to these, the lack of proper medical technologies and infrastructure across some developing and underdeveloped regions is also limiting the growth of the contouring implants market.
As per Future Market Insights, North America is expected to retain its dominant position in the global contouring implants market, owing to the heavy presence of leading market players, the growing popularity of minimally invasive cosmetic procedures, and the availability of advanced contouring implants with innovative features.
The United States has emerged as an ideal market for contouring implants across North America. With over 1.48 million cosmetic surgeries and 7000 plastic surgeons (as per ISAPS), the country remains at the epicentre of contouring implants market growth.
The presence of well-established healthcare facilities and highly qualified professionals makes the region one of the attractive medical tourism destinations. People from all over the world are showing their interest in opting for cosmetic procedures across North American regions. Driven by this, demand for contouring implants is slated to increase substantially during the forecast period.
Spurred by increasing spending on medical procedures and the rise in medical tourism, the contouring implants market in Europe is poised to exhibit strong demand during the forecast period from 2022 to 2032.
Countries like the United Kingdom and Germany are experiencing strong demand for contouring implants and the trend is likely to prevail in the future. People across these countries are spending large amounts on cosmetic procedures for modifying and enhance their appearance.
Moreover, an increase in the number of cosmetic hospitals, ambulatory surgical centers, and speciality clinics will further boost the sales of contouring implants during the forecast period.
Some of the key participants present in the global contouring implants market include ALPHA-Health (Asia) Pte., Ltd., Allergan Inc., DePuy Synthes, Stryker, GC Aesthetics, Hansbiomed (Thailand) Co., Ltd., Mentor Worldwide LLC (Johnson & Johnson), Sientra Inc., Silimed, Osteotec Ltd. among others.
These leading market players are focusing on developing new implant products from innovative and durable materials to increase their customer base. Furthermore, they have adopted growth strategies such as partnerships, mergers, acquisitions and strengthening of the distribution network to gain a competitive edge in the market.
Report Attribute | Details |
Growth Rate | CAGR of 6% to 8% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015-2020 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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As per FMI, sales of contouring implants are projected to rise at a CAGR of around 6% to 8% through 2032.
North America is anticipated to remain the most attractive market for contouring implants over the forecast period.
ALPHA-Health (Asia) Pte., Ltd., Allergan Inc., DePuy Synthes, Stryker, GC Aesthetics, Hansbiomed (Thailand) Co., Ltd. are some prominent contouring implants manufacturers
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