Health
Facial implants market global facts & forecast 2023-2030
Facial implant is a surgical procedure in which specially designed medical devices are inserted into the body to heal damaged tissue and restore beauty. Additionally, the solid materials used in medical devices for facial implants are compatible with human tissues, giving the wounded area a better and more comprehensive appearance. Implanting a medically generated homologous product can enhance the chin, cheekbones, and jaw, among other body parts. There are no medical alternatives to utilizing face implants to reshape the chin or cheeks.
The market for facial implants in 2021 was USD 2.53 billion and will reach USD 5.11 billion by 2030, growing at an 8.13% CAGR during 2021-2030.
Sports-related facial wounds are becoming more common, and there is a growing desire for minimally invasive procedures to rebuild facial implants. Consumer inclination for cosmetic surgery to delay the effects of aging is a primary market driver for facial implants. Due to increased popularity and media attention, facial implants are becoming more popular. The field of cosmetic science has made strides, opening up new opportunities for market growth.
Market Dynamics
Drivers
As per the Association for Safe International Road Travel, there are about 1.3 million fatalities and 20 to 30 million disabled and injured road users worldwide each year. In addition, the World Health Organization lists traffic accidents as one of the top eight causes of death for persons of all ages. As a result, the global market for facial implants is expanding due to the rise in traffic accidents.
The rising number of face operations is another factor driving the growth of the market for facial implants. Per the International Society of Aesthetic Plastic Surgery, 3,913,679 face and head cosmetic procedures will be carried out globally in 2020. As a result, the global market for face implants is expanding and developing due to the rising use of such treatments.
Restraints
There is a chance of infection, which can need the removal of the implant. Postoperative edema, hemorrhage, and infection are rare occurrences. Contouring issues may develop as a result of uneven resorption or implant displacement. Therefore, the worldwide face implant market’s growth is being constrained by the negative effects of facial implants.
Opportunities
People are becoming more conscious of the numerous operations and implants. Per the American Society for Aesthetic Plastic Surgery, facelifts, nose reshaping, and eyelid surgery were the most common surgical procedures in the U.S. in 2020. Thus, rising public awareness is fueling the expansion of the worldwide face implant industry.
Market segmentation
Product Insights
With a market share of 30.3% in 2021, the chin and mandibular segment ruled the industry and generated USD 2,487.6 million. It is due to the increased adoption rates and an increase in chin augmentation treatments for cosmetic rejuvenation.
Additionally, the fillers or injectables segment will grow at a rapid 8.6% CAGR due to the desire for cost-effective, nonsurgical facial rejuvenation operations and increased knowledge about the use of fillers for augmentation surgery.
Material Insights
In 2021, the polymer segment led the overall market with 37.3% of the revenue share due to a rise in deformity correction surgeries. Polymeric materials are ideal for facial implants since they have high tensile strength. In addition, additional advantages like rigid support, flexibility, and biocompatibility are projected to boost market expansion.
Procedure insights
In 2021, the eyelid segment led the market and accounted for 39.3% of total revenue. The increasing demand for facial surgery worldwide will increase the number of procedural implants. Due to the rise in aesthetic procedures to remove extra skin from the eyelids, improve vision, and reduce bagginess, eyelid surgery held the greatest share in 2021.
Regional Insights
Due to the increasing instances of facial deformation brought on by broad commercialization, North America ruled the market and generated the greatest revenue share of about 49.2% in 2021. High patient awareness levels, the development of cutting-edge facial implants, growing demand for minimally invasive treatments, and sophisticated healthcare infrastructure for face operations are other factors propelling the regional market’s expansion.The demand for cosmetic surgery is also expected to rise in the upcoming years due to the population’s growing emphasis on facial aesthetics and desire to seem young.
Key Players
- Integra LifeSciences
- Kangui Medical Innovation Co. Ltd.
- Surgiform Technology Ltd.
- W.L. Gore & Associates, Inc.
- AART Inc.
- Anthony Products Inc
- Stryker Corporation
- Hanson Medical, Inc
- SientraIncKLS Martin L.P.,
- Lucid Implants
- Johnson & Johnson
- Spectrims Design Medicals Inc.
- Eurosurgical Ltd.
- Wanhe Plastic Materials
- DePuySynthes
- Medartis AG
- TMJ Concepts
- Zimmer-Biomet Inc.
- OsteoMed
- Implantech Associates, Inc.
- Sebbin
The market for facial implants in 2021 was USD 2.53 billion and will reach USD 5.11 billion by 2030, growing at an 8.13% CAGR during 2021-2030. The primary factors driving the market expansion is the rise in occurrences of facial abnormalities brought on by congenital diseases.