In 2021, the global facial implant market was estimated to be worth US$2.5 billion. Facial implants are anticipated to generate sales of US$ 2.7 billion in 2022 and US$ 5.6 billion in 2032.
According to Factmr Research, the global market for facial implants is projected to expand at a CAGR of 7.7% between 2022 and 2032. The need for facial implants is predicted to increase as virtual representation on social media platforms grows. This development is also anticipated to be influenced by rising concerns about personal appearance, particularly among millennials. The demand for facial implants is projected to increase due to the many benefits of plastic surgery, including reduced hospital stays, painless procedures, rapid recovery times, and high safety.
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Market Titans
- Stryker Corporation
- KLS Martin Group
- Depuy Synthes (Johnson & Johnson)
- Zimmer Biomet Holdings, Inc.
- Osteomed L.P.
- Medartis AG
- Integra Lifesciences
- Matrix Surgical USA
- Calavera Surgical Design
- B. Braun Melsungen AG
Competitive Landscape:
Leading players operating in the global market are focusing on technology innovations and new product launches to cater to the ever-increasing demand from customers. Some of the other key players are striving to expand their product portfolios and distribution channels to strengthen their positions in the global market.
For instance,
- March 2022: Zoriox Innovation Labs, a leading provider of medical solutions headquartered in Tamil Nadu, announced that it has started working with facial surgeons by using the cutting-edge Patient-Specific Implants (PSI) technology to reconstruct an individual’s face.
- May 2022: Kelyniam Global, an innovative medical products manufacturing company based in the U.S., mentioned that its total revenue was $656,858 in the three months that ended in March 31, 2022. The company stated that it witnessed a high demand for custom implants in March 2022 owing to COVID-19.
Key Takeaways:
- By product, the facial implant injectables segment is anticipated to exhibit growth at a CAGR of 7.4% by 2032.
- Based on material, sales in the polymer category are expected to surpass 7.2% in the forecast period.
- The U.S. facial implants market is likely to be valued at US$ 2.0 Bn, registering 7.5% CAGR in 2032.
- Demand for facial implants in the China is projected to reach nearly US$ 393.1 Mn by the end of 2032.
- Sales of facial implants in Japan are estimated to surge at a CAGR of 6.1% and create an absolute $ opportunity of US$ 317.0 Mn in 2032.
Growth Drivers:
- Increasing concerns regarding aesthetic and physical appearance among people are compelling them to adopt cosmetic procedures, including facial implants.
- Rising cases of facial deformities owing to trauma and congenital disorders are likely to foster the demand for facial implants.
Key Segments
- By Product :
- Chin and Mandibular Implants
- Cheek Implants
- Nasal Implants
- Facial Implant Injectables
- By Material :
- Metal Facial Implants
- Biologicals Facial Implants
- Polymers Facial Implants
- Ceramic Facial Implants
- By Procedure :
- Eyelid Surgery
- Facelift
- Rhinoplasty
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
