Breast Implants Market to Surpass US$ 1.8 Billion by 2025 With Top Key Vendors Allergen, Inc., Mentor Worldwide LLC, GC Aesthetics Plc, Sientra, Inc., POLYTECH Health and Aesthetics GmBH, Establishment Labs S.A.

Breast Implants Market was valued at US$ 1,121.3 million in 2016 and is projected to exhibit a CAGR of 5.1% over the forecast period (2017 – 2025), as highlighted in a new report published by Coherent Market Insights. The breast implants market is expected to gain significant traction with increasing incidence of breast cancer and rising adoption of cosmetic and aesthetic procedures worldwide. According to breastcancer.org 2018, approximately 1 in 8 women which accounts for up to 12.4% of total female population, develops invasive breast cancer over the course in her lifetime.

Market Dynamics -

Major factor driving growth of the breast implants market is increasing consumer inclination towards breast enhancement for improving aesthetic appeal through cosmetic surgeries. According to American Society of Plastic Surgeons, 2016, around 99,614 breast lift surgeries were performed in the U.S. in 2015, witnessing a rise of 89% since 2000. Moreover, the AASPS, 2016, also suggested that breast augmentation was the most frequently performed cosmetic surgery in the U.S. with over 270,000 procedures performed in 2015. Additionally, rising incidence of breast cancer is also one of the major factors for which females undergo breast implant surgeries after breast removal procedures. This helps women in attaining the natural shape of their breasts. According to Cancer Research UK, 2016, breast cancer accounted for almost 15% of total cancer cases in the U.K. in 2015. However, risk factors such as deflation and capsular contracture of the implants are expected to be factors hindering the market growth.

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Initiatives For Assurance Of Product Safety As Well As Launch Of New Devices To Drive The Global Breast Implants Market Growth

Rapid product developments by manufacturers that are approved by the FDA are factors augmenting growth of the global breast implants market. For instance, in May 2016, Sientra, Inc. received an FDA approval for four new breast implants that have additional profiling and sizing options for nine existing implants. Furthermore, in October 2016, a Breast Implant Register was launched in Europe to keep a track of faulty implants as a result of Breast Implant Scandal in 2010. This register is expected to be helpful for consumers to ensure refunds and reimbursement in case, they receive faulty devices.

Advancements in technology and improvements in designs, materials, construction, and fill volumes are expected to accelerate the market growth. For instance, in April 2017, Mentor Worldwide LLC received an FDA approval for MemoryGel XTRA silicone gel-filled breast implant that will act as a first tissue breast expander with Dynamic Control Technology to provide precise and controlled expansion. Also, in June 2017, G&G Biotechnology introduced innovative B-Lite lightweight breast implants. These implants are the first and only lightweight breast implants.

Detailed Segmentation:-

Global Breast Implants Market, By Implant Type:
Silicone Breast Implants
Saline Breast Implants

Global Breast Implants Market, By Shape:
Round
Anatomical

Global Breast Implants Market, By Application:
Reconstructive Surgery
Cosmetic Surgery

Global Breast Implants Market, By End User:
Hospitals
Cosmetic Clinics

Global Breast Implants Market, By Geography:
North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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About Coherent Market Insights:

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This release was published on openPR.