The global sales of facial implants are projected to rise at a robust CAGR of around 6.7% to 8% between 2022 and 2032, generating considerable revenues by the end of the forecast period. Growth in the market is driven by an increasing number of cosmetic surgeries performed worldwide for enhancing the facial features of individuals.
Report Attribute | Details |
Facial Implants Market Projected Growth Rate (2022-2032) | 6.7% to 8%% CAGR |
Facial implants are medical devices or products made from materials like silicone and ePTTF. These products are compatible with human tissues and are specifically designed to enhance or correct the facial structure.
During the last few years, there has been a significant rise in the number of facial implant surgeries across the world. These cosmetic surgeries are performed to change people’s facial contours or provide more balance and stability to their faces. They have become essential techniques for restoring the shape and size of the face after trauma or serious diseases.
People are continuously opting for facial cosmetic procedures such as chin augmentation, cheekbone surgery, paranasal procedures, and forehead surgery to modify their facial features including the chin, cheeks, lips, jaws etc. During these procedures, facial implants are inserted into the face. These facial implants provide long-lasting and permanent results and significantly boost the confidence of individuals. According to the International Society of Aesthetic Plastic Surgery (ISAPS), around 3,913,679 face and head cosmetic surgeries were performed in 2020 worldwide. Rising adoption of these procedures will continue to boost the sales of facial implants during the forecast period.
Similarly, a rise in cases of facial deformities due to accidents and diseases is anticipated to further create growth prospects within the global facial implants market in the future.
Rising consumer inclination towards modifying their facial features, growing popularity of minimally invasive cosmetic procedures, innovation in facial implant materials, and expansion of healthcare infrastructure are some of the major factors driving the global facial implant market.
With rising disposable income, changing lifestyles, and the growth of the fashion and modelling industry, people are spending large amounts on improving their aesthetic appearance. They are opting for minimally invasive cosmetic procedures due to their various advantages such as less recovery time, minimum hospital stays, painless nature and superior efficacy. The rise in the number of these procedures for modifying facial features will continue to provide a strong thrust to the growth of the facial implants market during the forecast period.
Similarly, increasing the adoption of facial implants for restoring the shape and structure of faces after facial trauma caused by accidents or chronic diseases will further accelerate the growth of the facial implant market in the future.
Facial implants have enabled people to conveniently replace dysfunctional or abnormal facial parts as well as to modify the healthy parts. Adoption of these implants helps the patients to enhance their facial features and thus boost their confidence.
In addition to this, rising expenditure on healthcare, growing awareness about facial cosmetic procedures and an increasing number of speciality clinics and ambulatory centers will further expand the size of the facial implants market in the future.
Despite the growing popularity of facial implants, there are various factors that are likely to pose a threat to the growth of the facial implant market during the forecast period. Some of these factors are the high chances of surgical complications, the surge in the cost of facial cosmetic surgeries and the lack of proper healthcare facilities across some emerging economies.
With an increasing number of cosmetic surgeries and the presence of leading market players such as Stryker Corporation and Integra Lifesciences and Implatech Assocaites Inc, North America spearheaded by the United States, is projected to continue its dominance in the global facial implants market during the forecast period.
Developed nations like the United States are emerging as global leaders in cosmetic surgery. These countries are witnessing huge demand for facial implants due to rising medical tourism, high patient awareness levels, increasing number of accidents and growing popularity of minimally invasive surgeries.
Furthermore, the rapid growth of the fashion and modelling industry along with the rising craze of social media and other internet platforms is anticipated to further boost the growth of the facial implants market in the region.
According to Future Market Insights, Latin America is expected to emerge as the second most lucrative market for facial implants during the forecast period, owing to the presence of highly skilled professionals, rising spending by people on improving their facial features, and an increase in the number of speciality clinics.
Over the last few years, there has been a substantial rise in the sales of facial implants in countries like Brazil, Mexico, Peru and Argentina due to increasing in the number of cosmetic surgeries. These countries have become ideal destinations for facial cosmetic surgeries. As a result, various people from all over the world are opting for cosmetic surgeries across these regions.
Some of the key participants present in the global facial implants market include Implatech Assocaites Inc., Medartis AG, Sientra Inc., KLS Martin Group, DePuy Synthes, Zimmer Biomet, Osteotec Ltd., Johnson & Johnson, TMJ Concepts, among others.
These leading market players are constantly focusing on developing customized implants as per the patient's requirements. Besides this, they are adopting growth strategies such as partnerships, collaborations, acquisitions, and strengthening of distribution channels to gain a competitive edge in the market.
Report Attribute | Details |
Growth Rate | CAGR of 6.7% 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 and CAGR from 2022-2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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FMI projects the global facial implants market to expand at around 6.7% to 8% value CAGR by 2032
North America will continue to remain the most lucrative market for facial implants, accounting for around 49% share of the global market in 2022.
Implatech Assocaites Inc., Medartis AG, Sientra Inc., KLS Martin Group, DePuy Synthes, Zimmer Biomet, Osteotec Ltd. are some prominent facial implants manufacturers
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