Rising desire to look attractive and fit among women augments demand for breast implants procedures. As per the report, the global breast implants market was worth US$ USD 2.6 Billion in 2018 and is anticipated to reach USD 4.3 Billion by 2026. The market is likely to expand a CAGR of 6.7% between 2018 and 2026.
As per a study by the International Society of Aesthetic Plastic Surgery, breast augmentation surgery with the help of implantation rose to 13% across the world between 2016 and 2027. Breast augmentation, also referred to as mammoplasty or breast enlargement, helps to increase the size of breasts by using fat transfer or breast implant. Favorable healthcare reimbursement policies for women undergoing breast implant surgery is expanding the market’s growth.
Technological advancements have revolutionized the breast implants market. Advancements in gummy bear breast implants and emergence of a minimally-invasive under-the-muscle breast enlargement are likely to fuel demand for breast implants.
The report offers valuable insights into the growth trends and market size during the forecast period. Key aspects such as market drivers, restraints, and opportunities have been evaluated in this report.
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“With USD 1.0 Billion in 2018, Women in North America to Highly Prefer Breast Implant Products”
North America is expected to hold dominance in the global breast implants market through the forecast years. A lead analyst at Fortune Business insights has said, “In 2018, the market was valued at USD 1.0 Billion and is likely to remain dominant due to the presence of several leading players in the region.” Favorable healthcare reimbursement policies aids expansion of the breast implants market growth in North America.
As per the American Society for Aesthetic Plastic Surgery, the U.S. registered around 333,392 breast augmentation procedures in 2017. This shows that the demand for breast implants products is likely to increase in the U.S., thereby increasing the breast implants market size in North America. Women believe that breast implantation can boost their self-confidence and improve their body figure.
Other regions such as Europe, Asia Pacific and Latin America are anticipated to register substantial growth during the forecast timeline.
• Breast Augmentation
• Breast Reconstruction
• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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“AMSilk GmbH and POLYTECH to Initiate a Clinical Study on Silk-coated Silicone Breast Implant”
Primarily, breast implants are made of saline and silicone. In addition to this, breast implants can be found in two shapes which include anatomical and round. Of these two products, silicone segment covered the maximum share in 2018. The increasing preference for silicone breast implants is the primary factor driving the segment’s growth. These type of implants are FDA approved for breast augmentation in women aged 22 years and above. It is important to visit a plastic surgeon and see if silicone breast implants are operating properly.
In 2018, AMSilk GmbH partnered with POLYTECH Health & Aesthetics GmbH to start a clinical study on silk-coated silicone breast implants called SILKline in Europe. On the other hand, saline breast implants are also expected to register considerable growth in the market owing to their cost-effectiveness.
Eve 4.0, By GC Aesthetics to Offer Aid to Patients Across Europe and Brazil
The report profiles some of the leading players highlighting their landscape. These players are mentioned below:
• POLYTECH Health & Aesthetics GmbH
• Mentor Worldwide LLC
• Sientra, Inc.
• GC Aesthetics
• Establishment Labs S.A.
• LABORATOIRES ARION
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Of these, companies such as Allergan and Mentor Worldwide LLC are likely to lead the global breast implants market. Robust sale of breast implants in these two companies are likely to foster the breast implants market revenue. This, coupled with strategic collaborations, is another factor for their leading positions in the market. Moreover, Allergan’s acquisition of Keller Medical further strengthened the company’s position. Other companies are also putting efforts to stay ahead of the competition.
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