Facial Implant Market: Current Analysis and Forecast (2022-2028)

Report Description

The facial implant market is expected to register a CAGR of approx. 7% over the period of 2022-2028. The physical structure of the face can be improved or augmented with the help of facial implants, which are specially shaped-solid materials that are compatible with human tissues. The precise type and size of facial implants best suited require an evaluation of the user goals, the features the user wishes to correct and the surgeon’s judgement. Although any part of the face can be enhanced by implants, the cheeks, chin, and jaw are the most frequently used locations. Plastic surgery with facial implants may be beneficial if the person is bothered by a small chin, a weak jaw, or a lack of facial contour. The growing demand for facial implants can be attributed to the growing adoption of minimally invasive aesthetic procedures across the globe. For instance, according to the American Society of Plastic Surgeons (ASPS), in the U.S., nearly 18 million minimally invasive and surgical cosmetic products were performed in 2020, out of which nearly 16 million products were minimally invasive. Owing to the glaring statistics the increasing adoption of minimally invasive surgeries, coupled with the availability of a wide range of such implant options across the globe is leading to the growing demand for facial implants and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the facial implant market is anticipated to grow on account of the rising virtual representation on social media. In addition, Locals in both developed and developing nations are becoming more conscious of their appearance driving the market growth. However, some of the restraints in the market including the lack of reimbursement, as well as clinical risk and consequences associated with aesthetic facial cosmetic procedures are impeding the growth of this market all over the world.

Zimmer Biomet Holdings Inc; Johnson & Johnson; Stryker Corporation; Medartis Holding AG; Sientra Inc; Hanson Medical Inc; W. L. Gore & Associates, Inc.; Integra Lifesciences Holdings Corp; AART, Inc; and ANTHONY PRODUCTS, INC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, the chin & mandibular category is expected to hold significant market share during the forecast period”

Based on the product, the facial implant market is segmented into chin & mandibular, cheek, nasal, and injectables. The chin & mandibular segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. The rising adoption rate and increasing chin augmentation procedures for facial rejuvenation are factors contributing to its dominance over the forecast period. An implant is inserted around the patient’s natural chin bone during surgery to enhance its size and shape. Chin augmentation surgery can provide a long-term solution to a recessed or weak chin.

“Amongst material, the polymers category is expected to witness considerable CAGR during the forecast period”

Based on the material, the market is fragmented into metal, biologicals, polymers, ceramic, silicon, and others. The polymers segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period due to the increasing usage of polymers for deformity correction surgeries. The best materials for facial implants are polymeric materials because of their high tensile strength. In addition, additional advantages like flexibility, rigid support, and biocompatibility are anticipated to spur market expansion.

“Amongst procedure, the eyelid surgery category is expected to hold considerable market share during the forecast period”

Based on the procedure, the market is fragmented into eyelid surgery, facelift, rhinoplasty, cheekbone surgery, forehead surgery, and others. The eyelid surgery segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period due to the rising demand for facial surgeries globally. the growing availability of cosmetic procedures for vision correction, bagginess reduction, and skin removal from the eyelids. Blepharoplasty, also known as eyelid surgery, is a lengthy procedure with results that patients can enjoy for many years, which accounts for the steadily increasing number of procedures carried out worldwide.

“Amongst shape, the anatomical facial implants category is expected to witness considerable CAGR during the forecast period”

Based on the shape, the market is fragmented into anatomical facial implants, oval facial implants, and round facial implants. The anatomical facial implants segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The use of anatomical facial implants for facial contouring represents localized improvements to the facial skeleton that are then transmitted to the skin’s surface via muscles, connective tissue, and fat. Fat transfer, on the other hand, restores fullness within the soft tissues. This leads to an improvement in facial surface contouring with both techniques. Implants are made specifically for each patient and can be small, medium, or large in size. Chin implants are the most popular solution for improving the appearance of receding chins.

“Amongst end-user, the hospitals’ category is expected to hold considerable market share during the forecast period”

Based on the end-user, the market is fragmented into hospitals and trauma centers, ambulatory surgical centers, dermatology clinics, and others. The hospital segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. A large number of aesthetic procedures, particularly breast procedures, blepharoplasty, and other minimally invasive procedures, are performed in hospitals. Mainly due to the global rise in obesity and the issue of being overweight, as well as the high income, and advanced healthcare infrastructure increase in the growth rate of the hospital segment.

“North America to witness significant growth during the forecast period”

For a better understanding of the market adoption of the facial implant, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the facial implant industry due to the increasing number of incidences of facial deformity brought on by widespread commercialization. High levels of patient awareness, the development of technologically advanced facial implants, the rise in demand for minimally invasive surgeries, and the presence of state-of-the-art healthcare infrastructure for facial procedures are some additional factors that are propelling regional market growth. In the upcoming years, it is also projected that the demand for cosmetic procedures will rise due to the population’s growing emphasis on facial aesthetics and desire to seem young.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

Global facial implant market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Facial Implant Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global facial implant market were the three major steps undertaken to create and analyze the adoption of facial implants in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global facial implant market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the facial implant market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the facial implant market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product, material, procedure, shape, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the facial implant market. Further, we conducted factor analysis using dependent and independent variables such as the growing adoption of minimally invasive aesthetic procedures, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the facial implant market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global facial implant market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the facial implant market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global facial implant market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global facial implant market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, material, procedure, shape, and end-users in the global facial implant market.

The main objective of the Global Facial implant Market Study

The current & future market trends of the global facial implant market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the facial implant market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product, material, procedure, shape, and end-users.
• Define and analysis of the regulatory framework for the facial implant market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the facial implant market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
• Company profiles of the facial implant market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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