Increasing
demand for aesthetic and reconstructive surgery is expected to boost the facial implant market over the
forecast period. Rising incidences of facial fractures and sport associated
injuries are also expected to provide growth platform to this market.
Increasing
geriatric population, healthcare expenditure and awareness pertaining to
cosmetic implants are positive impact driving factors of this market.
Furthermore, the increasing number of patients opting facial reconstructive
surgery, favorable medicare schemes and surgical interventions in young
patients are positive growth driver for this market.
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Further key findings from the study suggest:
- Moreover, growing demand of minimally invasive surgery and advantages associated with it such as minimum recovery time, low risk and high efficacy are expected to fuel the product usage in near future.
- Chin implants dominated market as of 2014 owing to high volume of surgical procedure for chin augmentation and benefits associated with it. Silicone chin implants are commonly used.
- Injectable or fillers segment is expected to show lucrative growth over the forecast period due to its wide application in surgeries such as face uplifting, deformity correction, and lip surgery. Cost effective and ease of use are the factors contributing to the future growth.
- Metals & synthetic polymers are most commonly used for facial implant manufacturing. Solid silicone held the largest market share in terms of revenue as of 2014, owing to attached benefits such as improved retention and rigid support. Biological segment are expected to show positive growth in coming years due to increasing its applications in tissue augmentation and grafting.
- North America held the largest market share as of 2014 owing to increasing healthcare expenditure, patient’s awareness, introduction of advanced technology for manufacturing of implants, and sophisticated healthcare facilities.
- Asia Pacific facial implant market is expected to show significant growth during forecast period due to constantly rising disposable income levels, presence of high unmet needs and rapidly improving healthcare infrastructure.
- Prominent players operating in this industry includes Zimmer-Biomet Inc., Stryker Corp., KLS Martin L.P., DePuy Synthes, Medartis AG, Johnson & Johnson, OsteoMed, TMJ Concepts, Integra LifeSciences, Gore Medical, Kanghui Medical Innovation Co. Ltd., Spectrums Design Medical, Implantech Associates Inc., Eurosurgical, Inc., Sientra Inc., Wanhe Plastic Materials Hanson Medical, and Sebbin.
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