Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Facial Implant Market size is expected to reach $3.6 billion by 2027, rising at a market growth of 8.6% CAGR during the forecast period.
The Eyelid Surgery segment is leading the Global Facial Implant Market by Procedure in 2020; thereby, achieving a market value of $1.4 billion by 2027. This is because of the growing demand for facial procedures around the world; the number of procedural implants is likely to climb. Moreover, the growth of the segment is credited to the growing number of aesthetic procedures for minimizing bagginess, correcting vision, and removing excess skin from the eyelids. Because eyelid surgery, also known as blepharoplasty, is a long-term procedure with results that the patient can enjoy for many years, the number of procedures conducted worldwide is constantly increasing.
The Chin & Mandibular Implants segment acquired the maximum revenue share in the Global Facial Implant Market by Product in 2020, thereby, achieving a market value of $1.0 billion by 2027. The massive share of the segment is due to an increase in chin augmentation operations for cosmetic rejuvenation and a rising adoption rate. In addition, the procedure entails placing an implant around a person's current chin bone to improve its shape and size. Moreover, Chin augmentation surgery is a permanent way to repair a sunken or weak chin.
The Biologicals segment is showcasing a CAGR of 9.3% during (2021 - 2027). This is because of its better likeness to body tissues and ease of adoption. In addition, rising investments in biocompatible implant manufacturing R&D are expected to open lucrative growth opportunities for the segment over the forecast years.
The North America market dominated the Global Facial Implant Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.2 billion by 2027. The Europe market is estimated to witness a CAGR of 8.2% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 9.3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/facial-implant-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Matrix Surgical USA, Eurosurgical Ltd., Implantech Associates, Inc., Hanson Medical Inc., Zimmer Biomet Holdings, Inc., Johnson & Johnson, Integra LifeSciences Holdings Corporation, Sientra, Inc., Stryker Corporation, and Medartis AG.
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