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Aesthetic implants market in India to grow at 6.5% CAGR

Driven by rise in the number of surgical procedures, increasing prevalence of breast cancer and developing healthcare infrastructure, the aesthetic implants market in India is expected to grow at a compound annual growth rate of 6.5% between 2020 and 2025, forecasts GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Aesthetic Implants (General Surgery) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’, reveals that breast implants is the largest segment by value, accounting for around 60% of the total market in 2021 in India. Penile implants is the fastest growing segment in the aesthetic implants market.

Johnson & Johnson, Boston Scientific, GC Aesthetics and Coloplast are the major players, together accounting for up to 50% of the overall aesthetic implants market in 2021.

Vinita Sippy, Medical Devices Analyst at GlobalData, comments: “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.”

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.

Ms Sippy concludes: “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.” GlobalData

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