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An expanding middle class, rising disposable income (particularly among women), growing awareness of personal beauty and care, improved accessibility and rising adoption of aesthetic procedures, advancements and innovations in aesthetic processes, and an increase in the number of qualified surgeons are likely to drive the global aesthetic implants market. Key markets are expected to be North America, Europe, Latin America, and Asia.
Breast augmentation surgical procedures are likely to be the key market driver, with significant growth in the international breast implant market as an increasing number of women opt for such procedures. Several leading companies are looking to enhance capacities, and provide advanced breast implant solutions. For example, the PERLE™ breast implant by GC Aesthetics is reported to offer an outstanding safety record and superior performance as compared to other smooth breast implants available in the market. The innovative implant gained much popularity in the European market and experienced rapid adoption. In 2021, GC Aesthetics reported significant surgical and patient care outcomes with FixNip NRI™, the innovative nipple reconstruction device. The device is an implantable hypodermic, silicone implant, devised specifically for the aesthetic enhancement of the female nipple.
In 2022, Sientra announced that it entered into an agreement to acquire assets related to AuraGen Aesthetic, LLC’s novel fat grafting technology, the AuraGen 1-2-3™ with AuraClens™ (the “AuraGen system”). The agreement widened Sientra’s opportunity within the U.S. plastic surgery market and paved way for the company to drive growth in the breast augmentation and reconstruction market on the basis of its strong brand reputation while also offering the opportunity to expand into novel aesthetic applications, such as face, hands and gluteal augmentation.
Apart from breast augmentation and reconstruction procedures, chin enhancement procedures are likely to be a significant segment. Further, there is likely to be increased demand for combination procedures (for example, rhinoplasty with a chin implant) due to the fact that such processes offer added advantages, including improved overall look, one-time administration of anaesthesia, and a single recovery period. A combination procedure may also prove to be relatively cost-effective.
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Market Analysis by Product, Gender, Raw Material, End User, and Region:
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