Breast Implant Market Analysis Focusing on Top Key Players - Allergan, Groupe Sebbin, GC Aesthetics, Mentor, Sientra, Polytech Health and Aesthetics, Arion laboratoires, Cereplas, Ideal Implant, Silimed and HansBiomed

Breast Implants Market size was over USD 1.2 billion in 2016, with growth forecast over 5% CAGR from 2017 to 2024.

Increasing longevity of women along with the desire to look fit and attractive has resulted in a higher demand for the procedure. Growing trend of breast augmentation to maintain body proportion and restores breast volume will stimulate business growth.

Rising breast cancer incidence and consequential increase in mastectomy will serve as a high impact rendering factor over the coming years. Events such as early menarche, late natural menopause or not bearing children, increases risk of acquiring the cancer due to increased exposure to estrogen and progesterone. Growing awareness pertaining to availability of restoration option have resulted in greater number of women opting for reconstruction procedures.

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Technological advances and improvements in design, construction and fill volumes will escalate development of innovative devices which cause less rippling or wrinkling. Increasing number of qualified and skilled plastic surgeons should further escalate industry demand.

High procedural costs along with other additional expenditures on medical tests, post-surgery garments and medications will limit industry growth over the forecast years. Sometimes re-surgery is required for correcting appearance which further increases patient expenditure. Risk of post-procedural complications may hamper industry expansion.

Advent of alternative techniques such as fat grafting or fat transfer which uses own tissue and provides a more natural appearance will further impede growth. Moreover, lack of clinical studies and long term follow up on the technique have deterred adoption.

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U.S. market held over 85% of regional revenue share in 2016 owing to growing trend of undergoing breast augmentation procedures to look good. Rising adoption of innovative product, evolved healthcare infrastructure and growing awareness should intensify regional growth.

Brazil market size should witness significant growth due to presence of strong beach culture and openness regarding plastic surgery. Rapidly improving healthcare infrastructure along with rising number of plastic surgeons should serve as high impact rendering factors. Growing proportion of middle class, rising per capita expenditure and lower cost of implantation procedures will further propel business growth.

China market accounted for significant revenue share owing to increasing number of women opting for augmentation procedures to imitate western appearance. Increasing disposable incomes along with growing awareness levels will augment industry growth.

Some of the prominent industry players include Allergan, Groupe Sebbin, GC Aesthetics, Mentor, Sientra, Polytech Health and Aesthetics, Arion laboratoires, Cereplas, Ideal Implant, Silimed and HansBiomed.

Industry participants adopt various strategies such as acquisitions and new product development to strengthen their market position and expand their product portfolio. For instance, in September 2016, Allergan received FDA approval to market NATRELLE INSPIRA cohesive breast implant.

Breast implants industry is highly competitive in nature. It should witness introduction of novel products over the forecast period. Industry participants are engaged in rigorous R&D for launch of new implants and material technologies. Manufacture and design of inserts have undergone several generations of refinements and advancements. Technological development will aid industry expansion. Asia Pacific, Middle East and African countries will provide lucrative growth opportunities owing to the changing perception towards cosmetic procedures and growing awareness levels.

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