December 2022
The global facial implant market size was USD 3.01 billion in 2023, calculated at USD 3.19 billion in 2024 and is expected to reach around USD 5.77 billion by 2034, expanding at a CAGR of 6.1% from 2024 to 2034.
The global facial implant market size accounted for USD 3.19 billion in 2024 and is expected to reach around USD 5.77 billion by 2034, expanding at a CAGR of 6.1% from 2024 to 2034. The North America facial implant market size reached USD 1.47 billion in 2023.
The U.S. facial implant market size was estimated at USD 1.03 billion in 2023 and is predicted to be worth around USD 2.03 billion by 2034, at a CAGR of 6.3% from 2024 to 2034.
North America dominated the market in 2023 with maximum revenue share. The U.S. dominated the facial implant market in North America region. The growth of facial implant market in North America region is due to growing prevalence of accidents and injuries. As per the American Society of Plastic Surgeons, around 15.6 million cosmetic procedures were performed in the U.S. in 2014, with the number predicted to grow at a rate of over 3.0% each year. In addition, as per the Centers for Disease Control and Prevention, around 27.6 million people were diagnosed in emergency rooms in the U.S. in 2015. Moreover, the growing demand for minimally invasive surgeries as well as technological developments is driving the growth of North America facial implant market.
Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. India and Chinadominate the facial implant market in Asia-Pacific region. The growing awareness regarding facial implant and adoption of innovative and latest technologies are supporting the growth of facial implant market in the region. In addition, the existence of major market players is developing the facial implant market over the projected period. The other factors such as growing trend of medical tourism, expansion of healthcare industry, and growing government initiatives are propelling the growth of Asia-Pacific facial implant market. All of these aforementioned factors are contributing towards the growth of facial implant market in Asia-Pacific region.
As per the Association for Safe International Road Travel, over 1.3 million people die in road accidents each year, with another 20 to 30 million becoming paralyzed and wounded. Moreover, according to the World Health Organization, road traffic injuries are the eight biggest causes of death for people of all ages. Thus, the growing number of road accidents is driving the growth of global facial implant market.
Another factor boosting the expansion of global facial implant market is growing number of face surgeries. In 2020, the International Society of Aesthetic Plastic Surgery estimates that 3,913,679 face and head cosmetic operations would be performed globally. As a result, the increase in adoption of such procedures is propelling the growth and development of worldwide facial implant market.
In addition, consumer desire to change their facial characteristics is increasing, as is the popularity of non-invasive or minimally invasive cosmetic operations. Other important factors boosting the global facial implant market are advancements in facial implant materials and the growth and development of healthcare infrastructure. The growing expenditure for facial appearance is also supporting the facial implant market growth.
Furthermore, people are spending a lot of money to improve their aesthetic appearance, due to increased disposable income, shift in consumer lifestyle, and the expansion of the fashion industry. They prefer less invasive cosmetic operations because of its numerous benefits including shorter hospital stays and higher efficacy. During the projected period, the increase in the number of these surgeries for modifying facial characteristics will continue to drive the growth and expansion of global facial implant market.
The expansion of facial implant market is also being driven by growing government initiatives such as tax benefits to the market players. Those tax benefits are categorized as tax incentives and subsidies. In addition, market players are also adopting various strategies for the development of global facial implant market. All these factors are boosting the facial implant market expansion.
Report Coverage | Details |
Growth Rate from 2024 to 2034 | CAGR of 6.1% |
Market Size in 2023 | USD 3.01 Billion |
Market Size in 2024 | USD 3.19 Billion |
Market Size by 2034 | USD 5.77 Billion |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Product, Material, Shape, Procedure, End User, and Region |
Regions Covered | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
The chin and mandibular segment dominated the market in 2023 with highest revenue share. The rising adoption of facial implant is driving the growth of segment. The chin and mandibular segment are growing due to the growing chin augmentation surgeries. The growing importance of facial appearance is supporting the expansion of chin and mandibular segment. In addition, chin enhancement surgeries are adopted on a large scale, which is driving the growth and development of chin and mandibular segment.
The fillers or injectables segment is expected to witness at a CAGR of around 8.7%. The segment is growing due to rising adoption of fillers for augmentation surgeries. The fillers and injectors are cost effective and efficient in nature. As a result, the demand for fillers and injectables is growing due to this factor. The facial injectables are mostly used on the face of the female population.
The polymer segment accounted largest revenue share in 2023. The polymer material is largely used in deformity correction surgeries. The polymer is widely used for implants and surgeries as it is flexible and rigid in nature. In addition, solid silicone implants are used on a large scale for augmentation surgeries. In these surgeries, polymer material is utilized. This factor is boosting the growth of the polymer segment.
The biologicals segment is fastest growing segment of the facial implant market in 2023. Due to its better match to body cells and ease of adoption, the biologicals category is predicted to grow at the faster rate during the projection period. In addition, rising investments in research and development activities are expected to drive the growth of biologicals segment.
The eyelid segment accounted largest revenue share in 2023. As per the American Society of Plastic Surgeons, 352,112 eyelid surgeries will be performed in the U.S. in 2020. The eyelid surgery is quick and performed within a short period of time. The growing number of aesthetic procedures is driving the growth of eyelid segment. Due to technological developments, the eyelid surgery is performed without any kind of risk. Thus, this segment is expected to grow in near future.
The facelift segment is expected to witness fastest growth over the forecast period. As per the American Society of Plastic Surgeons, nose reshaping facelift surgery was the most popular cosmetic procedure in the U.S. in 2020. Facelift surgery is expected to rise in popularity in the coming years as people become more conscious about their appearance, particularly among baby boomers.
Segments Covered in the Report
By Product
By Material
By Procedure
By Shape
By End User
By Geography
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
December 2022
March 2024
September 2024
October 2023