Global Facial Implants Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Facial Implants Market 2021 (Includes Business Impact of COVID-19)
Global Facial Implants Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global facial implants market report has been segmented as per material type, application, procedure, end user, and region.
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The global Facial Implants market size was valued at USD$2.34 billion in 2020 and is projected to reach UDS$ 4.65 billion by 2030, and is anticipated to expand at a CAGR of 7.10% over the forecast period from 2020 to 2030.


Global Facial Implants Market: Overview


Facial implants are medical device mainly used to correct facial structure or to provide defined facial features including the jawline, chin, and cheeks with the help of advanced technology. Many individuals preferred facial implants surgery to enhance physical appearance or in medical crises including injuries and accidents. In addition, the facial implants are designed for reconstructive or augmentative surgeries which gives permanent and long lasting results to the end user. The facial implants available in various material, sizes, and shapes and largely preferred for a comprehensive and better look of damaged facial part.


Global Facial Implants Market: Dynamics


Growing personal and facial look concern among young population, rising medical tourism across the globe, and rising number of cosmetic surgeries in developing and developed economies are major factors projected to propel growth of the target market over the forecast period. In addition, increasing awareness about facial implant surgery among individuals and rising adoption of facial aesthetic surgery especially among celebrities and young generations are other factors projected to proliferate growth of the global facial implants market.

Increasing incidences of sports-related facial trauma among individuals and growing demand for minimally invasive facial surgeries across the globe are major factors among others expected to drive growth of the target market over the forecast period. In addition, increasing individual expenditure on healthcare across the globe and growing demand for various types of implant and surgeries among individuals to improve facial aesthetics are other factors forecasted to boost growth of the global market.

Furthermore, high focus on R&D activities and technological advancement in the facial implants by major facial implants manufacturers are among other factors projected to fuel the target market growth in the upcoming years.

However, increasing awareness about adverse side-effects and surgical complications of facial implants is key factor expected to hamper the growth of the global facial implant market.


Global Facial Implants Market: Segment Analysis


The rapid adoption of silicone facial implants among individuals in many regions of the globe due to high physical appearance care among individuals is the primary factor rising revenue growth of the silicone facial implants among the material type segments.


Global Facial Implants Market: Region Analysis


The facial implants market in North America dominates in terms of revenue in the global market, owing to the rising number of cosmetic surgery and availability of technologically advanced healthcare facilities in the countries such as Canada and US in this region. The market in Latin America is expected to second highest revenue share in the target market followed by the market in the Asia Pacific, owing to the high presence of skilled medical professional and rising number of medical tourists in the countries such as Mexico, Brazil, India, Japan, and China in these regions. The market in Europe and the Middle East & Africa are estimated to register steady growth, owing to raising awareness about facial implant treatment among individuals in the various countries in these regions.

Global Facial Implants Market Segmentation:

Segmentation by Material Type:

  
EPTFE Facial Implants
  
Silicone Facial Implants
  
Rigid Polyethylene Facial Implants

Segmentation by Application:

  
Cheek Implant
  
Chin Implant
  
Nasal Implant
  
Jaw Implant

Segmentation by Procedure:

  
Facelift Surgery
  
Rhinoplasty
  
Eyelid surgery

Segmentation by End User:

  
Ambulatory Surgical Centers (ASCs)
  
Hospitals
  
Trauma Center
  
Super Specialty Clinics


Key Market Players included in the report:


  
B. Braun Melsungen AG
  
Calavera Surgical Design.
  
Depuy Synthes (Johnson & Johnson)
  
Implantech
  
Johnson & Johnson
  
KLS Martin Group
  
Matrix Surgical USA
  
Medartis AG
  
Osteomed L.P
  
Stryker Corporation
  
Zimmer Biomet Holdings, Inc


Below are the key development related to Facial Implants Market in 2020 and 2021.


August 2021: Medtronic signs agreement to acquire Intersect ENT for $1.1bn. The deal will allow Medtronic to strengthen its portfolio of products for ear, nose and throat procedures. Medtronic has signed a definitive agreement to acquire all outstanding shares of Intersect ENT for $28.25 per share, or an enterprise value of nearly $1.1bn, in an all-cash deal. An international ear, nose and throat (ENT) medical technology company, Intersect ENT develops steroid-releasing implants which offer mechanical spacing and provide targeted treatment to the disease site. The latest acquisition will allow Medtronic to bolster its portfolio of products used for ear, nose and throat procedures. Source