GlobalData01.24.22
India's aesthetic implants market is forecast to swell 6.5 percent annually through 2025, driven by rising numbers of surgical surgical procedures, increasing prevalence of breast cancer, and the overall developing healthcare infrastructure, according to GlobalData, a worldwide data and analytics company.
GlobalData’s report, "Aesthetic Implants (General Surgery) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)," shows breast implants as the largest segment by value, accounting for around 60 percent of the total market in 2021 in India. Penile implants is the fastest growing segment in the aesthetic implants market.
“The COVID-19 pandemic had a major impact on the market until the second quarter of 2021. However, the market started to recover from the third quarter of 2021 as several clinics began resuming aesthetic surgeries,” said Vinita Sippy, a medical devices analyst at GlobalData.
Johnson & Johnson, Boston Scientific Corp., GC Aesthetics, and Coloplast are the major players, together accounting for up to 50 percent of the overall aesthetic implants market in 2021.
Currently, India ranks third in terms of volume of breast implant procedures after China and South Korea in the Asia-Pacific region. Round and shaped gel breast implants are increasingly used as they retain a better shape.
“While shorter recovery and hospitalization period for aesthetic procedures and increasing participation of middle-class population are likely to drive growth, high cost of surgery coupled with the need for re-surgery due to complications could restraint the growth of the aesthetic implants market,” said Sippy.
GlobalData’s report, "Aesthetic Implants (General Surgery) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)," shows breast implants as the largest segment by value, accounting for around 60 percent of the total market in 2021 in India. Penile implants is the fastest growing segment in the aesthetic implants market.
“The COVID-19 pandemic had a major impact on the market until the second quarter of 2021. However, the market started to recover from the third quarter of 2021 as several clinics began resuming aesthetic surgeries,” said Vinita Sippy, a medical devices analyst at GlobalData.
Johnson & Johnson, Boston Scientific Corp., GC Aesthetics, and Coloplast are the major players, together accounting for up to 50 percent of the overall aesthetic implants market in 2021.
Currently, India ranks third in terms of volume of breast implant procedures after China and South Korea in the Asia-Pacific region. Round and shaped gel breast implants are increasingly used as they retain a better shape.
“While shorter recovery and hospitalization period for aesthetic procedures and increasing participation of middle-class population are likely to drive growth, high cost of surgery coupled with the need for re-surgery due to complications could restraint the growth of the aesthetic implants market,” said Sippy.