Breast Implants Market Outlook 2020 – Global Industry Analysis, Growth, Demand, Size, Investment Share and Regional Forecast to 2027 | Allergen, Inc., Mentor Worldwide LLC, GC Aesthetics Plc, Sientra, Inc.

Breast Implants are categorized as class III higher risk medical device needing premarket approval by U.S. FDA. Breast implants are used to augment the size of the breasts, either for cosmetic applications or reconstruction purpose. There are two types of breast implants silicone breast implants and saline breast implants. Increasing prevalence of breast cancer is expected to propel growth of the global breast implants market over the forecast period. Moreover, technological advancements and increasing demand for breast augmentation procedure in developing economies is also expected to drive the market growth.

Breast implants are medical devices that are used to augment the size of the breasts, either for cosmetic applications or reconstruction purpose. Round breast implants are the most commonly used breast implants. Round breast implants have a tendency to appear fuller and there is less concern about rotating them in place as they are same shape all over.

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Statistics:

The global breast implants market is estimated to account for US$ 1,671.3 Mn in terms of value by the end of 2027.

Global Breast Implants Market: Drivers

Increasing prevalence of breast cancer is expected to propel growth of the global breast implants market over the forecast period. For instance, according to Breastcancer.org, in 2019, an estimated 268,600 new cases of invasive breast cancer were expected to be diagnosed in women in the U.S. along with 62,930 new cases of non-invasive (in situ) breast cancer.

Moreover, increasing adoption of highly cohesive silicone breast implants is also expected to aid in growth of the market. Silicone breast implants have high strength silicone gel that is textured with silicone shell. Such implants are thicker and contain more cohesive silicone gel, which eliminates the probability of filler leakage into the body.

Statistics:

North America held dominant position in the global breast implants market in 2019, accounting for 35.9% share in terms of value, followed by Latin America and Europe, respectively.

Global Breast Implants Market: Competitive Landscape

Major players operating in the global breast implants market include, Allergen, Inc., Mentor Worldwide LLC, GC Aesthetics Plc, Sientra, Inc., POLYTECH Health and Aesthetics GmBH, Establishment Labs S.A., LABORATORIES ARION, HANSBIOMED Co. Ltd., Groupe Sebbin SAS, GG Biotechnology Ltd, CollPlant Holdings Ltd., Cereplas, and PS Technology Development Limited.

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Global Breast Implants Market: Key Developments

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, Sientra, Inc., a medical aesthetics company, acquired FDA-approved silicone breast implant manufacturing operation from Lubrizol Life Science.

Players in the market faced product recalls. For instance, in July 2019, Allergan, Inc. recalled Biocell textured breast implants and tissue expanders, owing to the link of textured breast implants to a rare type of cancer called anaplastic large-cell lymphoma.

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