The global aesthetic implants market is projected to register а САGR of 8 per cent by 2031, which in 2018 was valued at US$ 2.2 billion.
Various industry players in the global aesthetic implants market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and JV activities as a means to enhance their respective customer base. At the same time, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale.
This factor, paired with promising industrialisation prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, and Indonesia, are expected to create massive business opportunities for key players.
The demand for facial procedures has witnessed an upsurge during the first wave of the pandemic due to the given downtime for recovery at home. The national survey findings show that tummy tucks (22 per cent) and liposuction (17 per cent) are among the top procedures and the most likely procedures considered by women during the Q2 and Q3 of 2020.
Social media platforms also play a critical role in fostering aesthetic procedures. Especially during COVID, various social media platforms enable high-profile celebrities to share their everyday personal lives via images, videos, and daily blogs, thus increasing the demand for numerous aesthetic procedures as people want to be the perfect version of themselves.