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Cosmetic Implants Market To Proliferate In Newer Geographies With Booming Medical Tourism

|Includes: Meridian Resource Corp. (TMR)

The history of cosmetic implants can be traced back to 600 BC, when the Hindu surgeon Sushruta first performed a cosmetic surgery - a rhinoplasty using a skin graft from the cheek. The world of cosmetic surgeries has evolved massively since then, with scientists now able to design virtually perfect cosmetic implants.

Cosmetic implants surgically change your body in ways you desire. They enhance your look or reconstruct an area that may have been damaged due to an injury.The cosmetic implant market has enjoyed soaring success in the past few decades. As both surgeons and patients realize the benefits of cosmetic corrections with respect to congenital malformations such as a cleft palate or a cleft lip, the demand for cosmetic surgeries across the globe has witnessed new highs.

Both Aesthetic and Medical Reasons Contributing to the Medical Implant Market

The global cosmetic implants market is growing due to medical reasons and increasing social pressures about looks.Important contributors to the expanding cosmetic implants market,besides the obvious medical reasons, are the social pressuresof ethnic prejudice,the need to look youthful in certain careers, and coercion.Some of the other factors that lead people to opt for cosmetic implants aredepression, altering certain features (usually seen in women) for various reasons, and conditioning of the mind that veers towards unusual bodily changes.

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Future Outlook of Breast Implants Market is Strong

The vast world of thecosmetic implants market is divided on the basis of its several applications, types of sources, and expansive geography. Depending on the type of source, the global cosmetic implants market is divided into polymers, metals, ceramics, and biologicals. Amongst these segments, polymers accounted for the largest share in 2013. The main contributor to this success is the incredible use of polymers as a material in the production of body-contouring implants, facial implants, and breast implants. The next sub-segment to leave an impression on the global cosmetic implants market will be the metal implants segment, which will grow at a CAGR of 6.3% from 2014 to 2020. Additionally, a growing number of cosmetic dentistry practices tagged at high prices are also expected to boost the metal implants' segment in the forecasted period.

The application segments of the global cosmetic implant market includebreast implants, facial implants, dental implants, and others such as buttocks, penile, and calf implants. Out of these segments, breast implants hold the biggest market share, with a valuation of US$945 million in 2013. Several breast implant devices such as Mentor MemoryGel, Sientra Silicone Breast Implant, and Allergen 410 Natrelle Silicone Breast Implants are fueling the growth of this segment in the past few decades. Analysts predict that the breast implant segment will be the fastest growing segment from 2014 to 2020 due to rising awareness about advantages of breast implants.

Europe to Lose Market Share to Other Emerging Regions

Geographically, the cosmetic implants market has been segmented into Europe, North America, Asia-Pacific, and Rest of the World (RoW). As of 2013, the biggest category in the global cosmetic implants market is Europe. The factors supporting this dominance were an increasing number of cosmetic dental implants, and exorbitant pricing of devices and procedures. However, in the coming five years, regions from theRoW category are expected to grow at a rate of 7% due to the reasonable cost of devices and booming medical tourism industry.

Key Enterprises in Global Cosmetic Implants Market

The global cosmetic implants market is oligopolistic in nature. About 50% of the dental implant segment is held by Nobel BioCare, Straumann AG, and DENTSPLY International. Some of the other key players in the industry include Biomet, Spectrum Medical Designs, Zimmer Holdings, Inc., 3M Health Care, GC Aesthetics, and Implantech Inc., Mentor Worldwide LLC, Sientra, and Allergan, Inc. In the coming few years, the financial outlooks of these companies, their research and development activities, and product catalogs will decide the fate of the global cosmetic implants market in the global economy

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