Breast Implants Market demand to peak in 2028 with Projected Industry Growth

Breast Implants Market: An in-depth analysis of statistics on current and emerging trends provides clarity regarding Breast Implants Market dynamics. The report includes Porter's five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. Precious. Further, the report covers the research data of various companies, benefit, gross margin, global market strategic decisions, and more through tables, graphs, infographics, and figures.

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Overview

Breast implants are a class III greater risk diagnostic tool that requires FDA premarket clearance. Breast implants are available in two different types: silicone and saline.

Key players / companies: 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.

Statistics

By the end of 2027, the global breast implant market is expected to be worth US$ 1,671.3 million.

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Drivers

During the forecast period, the global breast implants market is projected to expand due to the production of new breast implant technology. biomaterials creator for medical implants, teamed up with BellaSeno GmbH, a 3D printed absorbable scaffolds developer, in November 2019 to use a RESOMER bioresorbable polymer for an advanced breast implant innovation.

Opportunities

For competitors in the global breast implants market, R&D is projected to provide attractive development possibilities. Researchers from Washington University in St. Louis, Missouri, revealed the invention of a unique method for evaluating the mechanical characteristics of breast implants in May 2019.

Restraints

Breast implants have been linked to a variety of malignancies, which is anticipated to stifle the global breast implants market growth. Breast implants can cause anaplastic large cell lymphoma, an uncommon kind of non-Hodgkin lymphoma, as per the U.S. Food and Drug Administration.

Key Takeaways

The global breast implants market was worth US$ 1,201.4 million in 2019 and is expected to grow at a CAGR of 4.2 percent between 2020 and 2027, reaching US$ 1,671.3 million by 2027. During the forecast period, technological advancements in breast implants are projected to drive the global breast implants market forward.

In 2019, the Silicone Breast Implants segment dominated the global breast implants market, contributing for 90.6 percent of market value. The sector's rise is attributable to increased product releases throughout the forecast period, as well as rising demand for breast enhancement operations.
Market Trends

R&D in 3D bio-printed implants is now taking place in the market. CollPlant Holdings Ltd., a regenerative medicine firm, stated in August 2019 that it was working on 3D bio-printed implants for breast tissue engineering and has successfully created initial prototypes.

There are also goods rejections on the market. The US Food and Drug Administration issued legal notices to Mentor Worldwide LLC and Sientra, Inc. in March 2019. (FDA). The post-approval long-term safety and effectiveness studies, which are necessary for the licensing of breast augmentation devices, were not undertaken by these firms.

Regulations

U.K.

National Health Service (NHS)

As per NHS, in the U.K., the cost for breast implant surgery ranges from US$ 4,500 – 9,000, which might not include consultation fees and follow-up care cost. Procedure cost varies for different individuals based on the procedure type such as breast enlargement, breast uplift or change of implants, size of the implant, time required for operation and length of stay (day case or overnight stay).

Many clinics in the U.K. provide flexible payment options for the procedure. Finance options include the “buy now pay later” option where the first payment post-surgery is delayed for a fixed time (usually 12 months) and low monthly payments that are often interest free. Most of the clinics offer 0% Annual Percentage Rate (APR), which means one only needs to pay the cost of the procedure; however, some clinics may charge interest.

Eligibility criteria to avail finance options:

Age of the patient should be above 18 years

Patient should be employed for a minimum of 12 months (Full-time employment)

To set up direct debits, the patient should have a bank account

Patient should be a U.K. resident for a minimum of 3 years’ worth of check-able address history

Patient should not have any defaults on finance, bankruptcy, county court judgments or IVA in their credit history

Key Developments

Allergan, Inc. introduced an online initiative in June 2020 to reach out to patients who have been transplanted with Biocell breast implants, which were recalled globally in July 2019.

Establishment Labs Holdings Inc. was awarded a patent in March 2020 to safeguard its patented breast implant surface innovation.

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Reasons to Purchase this Report

• Current and future of global Breast Implants Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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