Press release
Breast Implant Industry: Trends, Growth Drivers, and Market Dynamics 2024-2031
Breast Implant Industry OverviewBreast implant market is expected to grow at a CAGR of 6.7% during the forecast period 2024-2031.
Breast implants are medical devices surgically implanted either beneath the breast tissue or the chest muscle with the aim of augmenting breast size (augmentation) or reconstructing breast tissue following mastectomy or other forms of damage to the breast (reconstruction).
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Breast Implant Industry Dynamics
The escalating global incidence of breast cancer stands as a key driver propelling the growth of the breast implant market. According to the GLOBOCAN 2020 report, breast cancer has surpassed lung cancer to become the most diagnosed cancer worldwide.
Statistics from the World Health Organization reveal that in 2020 alone, approximately 2.3 million women received a breast cancer diagnosis, with 685,000 succumbing to the disease globally. Moreover, there were around 7.8 million women worldwide who had been diagnosed with breast cancer within the previous five years. Notably, breast cancer accounted for 22.9% of all cancer cases among Asian women in 2020.
Another significant factor contributing to market growth is the increasing awareness and preference among women globally for breast augmentation and reconstruction procedures for aesthetic enhancement. For instance, according to the 2019 data from the International Society for Aesthetic Plastic Surgeons (ISAPS), breast augmentation procedures numbered approximately 1,795,551 globally, surpassing all other aesthetic surgeries.
Furthermore, market players are actively engaged in enhancing existing products and introducing novel solutions through initiatives such as new product launches, collaborations, and mergers and acquisitions. For instance, in November 2019, Evonik and BellaSeno GmBH announced a partnership aimed at developing innovative breast implant technology utilizing RESOMER bioresorbable polymer, indicative of ongoing advancements in the field.
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Industry Segmentation
By Type
Silicone Implant
Form-stable Implant
Saline Implant
Structured Saline Implant
By Application
Reconstructive Surgery
Cosmetic Surgery
By End-User
Hospital
Cosmetology Clinic
Industry Key Players
Major players are AbbVie Inc. (Allergan plc), Establishment Labs SA, GC Aesthetics, Groupe Sebbin SAS, Laboratories Arion, Johnson & Johnson (Mentor Worldwide LLC) and Polytech Health & Aesthetics GmbH.
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