The global breast implants market, valued at USD 1,982.5 million in 2021, is set to experience robust growth at a compound annual growth rate (CAGR) of 7.1%. This surge is attributed to several key factors, including the rising desire for aesthetic enhancement, an upsurge in breast augmentation surgeries, and the growing incidence of breast cancer.
Rising Aesthetic Awareness and Breast Augmentation Surge
The desire for enhanced physical attractiveness is fueling the global breast implant markets expansion. With breast augmentation ranking among the top five cosmetic surgeries performed in the United States, demand for breast implants continues to surge. In 2021 alone, 365,000 breast augmentations were carried out, indicating a significant demand for these procedures.
Impact of Breast Cancer Prevalence
Breast cancer, a leading cause of global mortality, has contributed to the growth of the breast implant market. The increasing incidence of breast cancer has led to more mastectomy surgeries, where breast implants play a crucial role in reconstruction. This rising prevalence of breast cancer is expected to drive the market further.
Challenges and Restraints
Despite the promising growth, challenges persist. Complications related to breast augmentation surgery, such as capsular contracture, can necessitate additional procedures or implant removal. Additionally, the cost of breast implant procedures remains a barrier for many, limiting access to these surgeries, particularly among individuals with medium to lower incomes.
Silicone Implants and Round Shapes Dominate
Silicone breast implants, known for their natural appearance and feel, are expected to dominate the market. Recent advancements in silicone implants have expanded the options available to patients, further driving demand. In addition, round-shaped implants, favored for their enhanced contours and fuller appearance, hold the largest market share due to their versatility and symmetrical shape.
North America leads the global breast implant market, driven by increased healthcare spending and a high demand for cosmetic surgery. In contrast, the Asia-Pacific region is experiencing significant growth, with rising disposable incomes and an increasing prevalence of breast augmentation procedures.
Innovations and Key Players
Market innovation continues to propel growth. Companies like GC Aesthetics Inc. have introduced advanced silicone implants with patented surface technology, while Allergan Aesthetics focuses on patient education and device monitoring.
Key Market Players
Leading players in the breast implants market include Mentor Worldwide LLC, PMT Corporation, Allergan plc, Sientra, Inc., GROUPE SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co., Ltd., KOKEN CO., LTD., GC Aesthetics, and POLYTECH Health & Aesthetics GmbH.
As the global breast implants market continues to expand, driven by the pursuit of beauty and advancements in medical technology, it remains crucial for both patients and healthcare providers to stay informed and make well-informed decisions about breast augmentation procedures.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/breast-implants-market
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