Advancement in technologies and development in healthcare infrastructure significantly impacts the market growth pace. Development in healthcare infrastructure is anticipated to provide better patient services during aesthetic and cosmetic surgeries and establish a new healthcare delivery system. Therefore, the global aesthetic and cosmetic surgery devices market is estimated to increase rapidly over the forecasted timeframe.
Data Bridge Market Research analyses that the Aesthetic and Cosmetic Surgery Devices Market is expected to grow at a CAGR of 7.4% in the forecast period of 2021 to 2028 and is expected to reach USD 4,516.06 million by 2028. The per capita incomes have risen substantially in developed and developing countries. The growing per capita income projected to enhance the demand aesthetic and cosmetic surgeries. Therefore, growth of the market anticipated to accelerate in the forecast period.
Key Findings of the Study
Growing Geriatric Population Is Expected To Drive the Market's Growth Rate
The proportion of the geriatric populace is progressively growing in developed as well as developing countries across the world. According to the American Medical Association, nearly 50% of the populace older than 75 years of age suffer from root caries that affect at least one tooth. Hence the geriatric population requires more aesthetic and cosmetic, exclusively dental implants surgeries, relative to the adult age group. The surging pace of the geriatric population is demonstrating the escalation in the number of aesthetic and cosmetic surgeries across the globe. As a result, demand for aesthetic and cosmetic surgery devices, exclusively dental implants anticipated to upsurge. Therefore, the growing geriatric population is a major driving factor for the market's growth.
The aesthetic and cosmetic surgery devices market is segmented on the basis of type, raw material, end user and distribution channel.
In 2020, breast implant/mammary implant is dominating the market with the market share of 57.6%
In 2020, breast implant/mammary implant is dominating the market with the market share of 57.6%. The highest market share of the segment is attributed to the rising prevalence and incidence of breast cancer across the globe. Additionally, the breast implant/mammary implant are durable and typically last 10 years. They are safe, as there is very low risk of complications or side effects.
In 2020, polymers segment is dominating the market with the market share of 60.9%
In 2020, polymers segment is dominating the market with the market share of 60.9%. The highest market share of the segment is attributed to the rising healthcare expenditure and increasing demand of various polymer aesthetic and cosmetic surgery devices. The polymers are basically used as raw materials in surgeries to construct complete artificial replacements for human organs, provide a biochemical function, and repair, sustain, or augment the function of normal organs.
Data Bridge Market Research recognizes the following companies as the major aesthetic and cosmetic surgery devices market players in aesthetic and cosmetic surgery devices market are Henry Schein Inc., (U.S.), DENTSPLY Sirona (U.S.), Johnson & Johnson Private Limited (U.S.), Bausch & Lomb Incorporated (Canada), GC Aesthetics (Ireland), Implantech (U.S.), Bausch Health Companies Inc. (Canada), Bonashmedical (Iran), Institut Straumann AG (Switzerland), 3M (U.S.), Polytech Health & Aesthetics GmbH (Germany), and Yoshida Dental Mfg. Co., Ltd. (Japan).
Geographically, the countries covered in the aesthetic and cosmetic surgery devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in aesthetic and cosmetic surgery devices market during the forecast period
North America dominated the aesthetic and cosmetic surgery devices market owing to the growing usage of aesthetic and cosmetic surgery devices in aesthetic treatment in the U.S. North America will continue to dominate the aesthetic and cosmetic surgery devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the advancement in healthcare expenditure within this region.
Asia-Pacific is estimated to be the fastest growing region in aesthetic and cosmetic surgery devices market
Asia-Pacific is expected to grow during the forecast period due to the growing geriatric population and technology advancement for the breast implant/mammary implants segment in the healthcare sector.
COVID-19 Impact Analysis
COVID-19 outbreak largely impacted the aesthetic and cosmetic surgery devices market. The global imposition of the lockdown and social distancing restrictions at the beginning of the COVID-19 epidemic led to the shutting of various cosmetic and aesthetic device manufacturers' production and supply units which further resulted in the emergence of various challenges such as the denied cosmetic services, halt of various surgeries or treatment, postponement of non-essential surgeries. These challenges further impacted the industry negatively.
On the brighter side, consumers are increasingly looking for online cosmetic treatments that they can do at home. As more consumers seek cosmetic advice from the comfort of their own homes during the pandemic, cosmetic brands can take advantage of this opportunity to renovate their online offerings, offer e-consultation services, and invest in the right technology, such as chatbots and augmented/virtual reality, as more consumers seek cosmetic advice from the comfort of their own homes, reducing the risk of infection.
For More Detailed Information About the Aesthetic and Cosmetic Surgery Devices Market Report, Click Here – https://www.databridgemarketresearch.com/reports/global-aesthetic-and-cosmetic-surgery-devices-market
Global Aesthetic and Cosmetic Surgery Devices Market – Industry Trends and Forecast to 2028
North America Aesthetic and Cosmetic Surgery Devices Market – Industry Trends and Forecast to 2028
Middle East and Africa Aesthetic and Cosmetic Surgery Devices Market – Industry Trends and Forecast to 2028
Europe Aesthetic and Cosmetic Surgery Devices Market – Industry Trends and Forecast to 2028
Asia-Pacific Aesthetic and Cosmetic Surgery Devices Market – Industry Trends and Forecast to 2028