“Global Breast Implants Market: By Product (Silicone implants, Saline implants, Smooth Breast implants, Round implants), Shape (Anatomical, Round), Application (Breast Reconstruction, Breast Augmentation), End-User (Clinics) –Global Forecast Till 2023”
Scope of Breast Implants Market
With a sudden emergence of the COVID-19 pandemic crisis, the world is fighting a health downfall as well as an economic emergency, almost influencing trillions of dollars of revenues. Market Research Future and its skilled analysts provide an in-depth study on the companies over surviving and sustaining in the prevailing economic crisis. On this, it studied that the global breast implants market 2020 shows positive notions to expand its size at a significant rate during the analysis period (2018–2023).
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Drivers & Trends
Breast augmentation, generally known as breast enlargement, is an accepted surgical procedure that improves the size and shape of the breast. In clinical terms, breast augmentation is considered as augmentation mammoplasty. As per the statistics by the American Society of Plastic Surgeons (ASPS), the standard cost of a breast augmentation surgery was US$ 3,708 back in 2016.
The study of MRFR finds that socioeconomic status is a crucial factor in creating a soaring demand for breast implants worldwide. The primary customer bases for breast augmentation are women belonging to middle- and high-income families. On this, the World Bank estimates that the annual disposable income per capita at a global level for women might rise at a CAGR of around 6% in the next few years, driving the expansion of the global breast implants market.
At the same time, a surge in the number of breast augmentation processes, along with the rise in breast cancer incidences worldwide will significantly motivate the global breast implant market size over the analysis period. World Health Organization (WHO) discloses in 2012 that 1.7 million women were diagnosed with breast cancer, head to approximately 522,000 deaths during the same year. Therefore, the surge in breast cancer prevalence is a foremost factor contributing to the revenue growth of the breast implant market globally.
To some extent, the rising aspiration to look attractive with escalating age among the women resulted in extraordinary growth in breast implants demand. In fact, the mounting drift of breast augmentation procedures for restoring breast volume and intent to maintain the body proportion has been significantly stimulating the breast implant market growth over the past years.
On the other hand, technological advances and improvements in the design, construction and fill volumes will escalate the development of inventive devices causing less rippling or wrinkling of the breast implants. The rising number of qualified and skilled plastic surgeons should further escalate industry demand for the product, predicts MRFR study. On the contrary, the factors such as high procedural costs along with other additional expenditures on medical tests, post-surgery garments and medications will limit breast implants industry growth over the forecast period. Also, the risk of post-procedural complications may hamper industry expansion in future.
Breast Implants Market Segmental Analysis
The global breast implants market is studied among the segments of product, shape, application, and end-user.
From the segment of product, the market has included saline breast implants, smooth breast implants, silicone breast implants, round breast implants gummy bear breast implants, structured saline breast implants, and textured breast implants.
From the segment of shape, the market has included round and anatomical.
From the segment of the application, the market includes breast augmentation and breast reconstruction.
From the segment of end-users, the market includes clinics, hospitals, ambulatory surgical centres, cosmetic centres, and others.
Global Breast Implants Market, by Product
- Silicone breast implants
- Saline breast implants
- Structured saline breast implants
- Round breast implants
- Gummy bear breast implants
- Smooth breast implants
- Textured breast implants
Global Breast Implants Market, by Shape
- Round breast implants
- Anatomical breast implants
Global Breast Implants Market, by Application
- Breast augmentation
- Breast reconstruction
Global Breast Implants Market, by End-User
- Cosmetic Centers
- Ambulatory Surgical Centers
Breast Implants Market Regional Framework
The market breast implants size in North America stood at USD 1.09 billion in 2019. Soaring cost of the procedure as well as the implants, favourable health reimbursement for breast reconstruction, and the strategic position of the foremost manufacturers are the crucial factors attributable to the expansion of the market in North America. American Society for Aesthetic Plastic Surgery reveals, 280,692 breast augmentation procedures were performed in the U.S. back in 2018, which is expected to fuel the growth of the breast implants market in North America.
In Europe, the market is likely to gain benefit and grow from the high preference for silicone implants, escalating demand for cosmetic products, and active government initiatives to educate people about the various types of implants available for breast enlargement. For instance, in November 2019, POLYTECH Health & Aesthetics received a CE approval for Polytech and B-Lite breast implants, for the next five years, as part of the company’s recertification. This development shows a significant acceleration in the market growth in Europe.
The Asia Pacific is also projected to record significant growth in the market in the analysis period in support of the rapid adoption of cosmetic surgeries and surge in breast surgery in predominantly in China and India. Latin America might also serve as a lucrative segment owing to the soaring number of procedures performed in Brazil and the increasing trend of medical tourism for cosmetic procedures.
In the Middle East and Africa, the market might expand owing to the rising health spending and improving health infrastructure.
Top Players of Breast Implants Market
The top players in the global breast implants market are Sientra Inc., Mentor Worldwide LLC, Establishment Labs S.A., GROUPE SEBBIN SAS, Laboratoires Arion, CEREPLAS, Ideal Implant Inc., Shanghai Kangning Medical Device Co. Ltd. and Guangzhou Wanhe Plastic Materials Co. Ltd.
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