by The breast implants market is estimated to be valued at US$ 1411.38 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Breast implants are medical devices that are implanted under the breast tissue or chest muscle to increase breast size or restore breast shape and volume after breast cancer surgery. There are two main types of breast implants namely, saline breast implants which are filled with sterile saltwater and silicone breast implants which are filled with silicone gel. They are designed for long-term breast augmentation or breast reconstruction. They add shape and volume to achieve a balanced, natural-looking profile that improves self-confidence and overall well-being.
Market Dynamics:
Rising acceptance of breast augmentation/reconstruction surgery driven by growing women empowerment across developed nations is fueling the growth of the breast implants market. According to WHO estimates, over 270,000 breast cancer cases were reported globally in 2020. The increasing incidence of breast cancer requiring mastectomy is driving the demand for breast reconstructive surgery using breast implants. Furthermore, technological advancements in terms of implant design, shell texture, and filling material resulting in safety, natural appearance, and longevity are positively impacting the adoption of breast implants globally.
Segment Analysis
The breast implants market is segmented based on product, application, shape, and end-user. The silicone breast implants sub-segment dominates the product segment for breast implants market due to the benefits offered by silicone breast implants such as a more natural look and feel.
PEST Analysis
Political: Regulations regarding breast implants by governmental bodies across countries affect the market. Economic: Increasing disposable incomes and demand for aesthetic procedures are major drivers. Social: Growing number of women opting for breast augmentation and reconstruction procedures. Technological: Technological advancements are introducing 3D imaging, computerised designs, shaped and customized implants.
Key Takeaways
The Global Breast Implants Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing prevalence of breast cancer, trauma injuries and accident cases. Regionally, North America is projected to lead the breast implants market during the forecast period owing to high awareness and healthcare spending. Key players operating in the breast implants market are Abbvie, Inc, CEREPLAS, Establishment Labs S.A., GC Aesthetics, GROUPE SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co., Ltd., HansBiomed Co., Ltd., Ideal Implant Inc, Laboratoires Anios, Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Device Co., Ltd, Sientra, Inc., and Silimed.
Regional analysis
North America is expected to dominate the market during the forecast period due to high awareness and healthcare spending in countries like the US and Canada. Asia Pacific is anticipated to witness the fastest growth rate owing to increasing healthcare infrastructure and medical tourism in the region.
Key players
Key players operating in the breast implants market are Abbvie, Inc, CEREPLAS, Establishment Labs S.A., GC Aesthetics, GROUPE SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co., Ltd., HansBiomed Co., Ltd., Ideal Implant Inc, Laboratoires Anios, Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Device Co., Ltd, Sientra, Inc., and Silimed. These players are focusing on new product launches, collaborations and expansions to gain market share in the breast implants market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
