Global Breast Implants Market Insights Report Indicating the Industry to Capture a CAGR of 6.40% during 2023-2030

Market Synopsis:

The increasing demand for cosmetic procedures has led to significant advancements in breast implantation surgery. Breast implants are primarily sought after by women looking to enhance their physical appearance. These implants typically consist of silicone shells filled with silicone gel or sterile salt water. Breast augmentation surgery, also known as mammoplasty, involves the surgical insertion of these implants into the breast.

According to a Comprehensive Research Report by Market Research Future (MRFR), titled "Breast Implants Market Information By Product, Shape, Application, End-User, And Region - Forecast till 2030", the market size was valued at USD 2.4 billion in 2022. It is projected to grow from USD 2.55 billion in 2023 to USD 3.70 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2023 - 2030).

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Various groups of women benefit from breast implantation, including those who have undergone mastectomy, experienced changes in breast size due to factors such as childbirth, weight loss, or aging, and those seeking to improve their self-esteem and body image.

Another significant driver of market growth is the increasing incidence of breast cancer. In cases where mastectomy is performed to prevent or treat breast cancer, breast reconstruction becomes an important consideration. Reconstruction aims to restore the shape of the removed breast organ. With the rising number of reconstruction cases, there is a corresponding increase in the demand for breast implants.

Breast Implants Market Competitive Landscape

The important leaders in the breast implants market are:

Allergan (Actavis)
Polytech Health & Aesthetics GmbH
GROUPE SEBBIN SAS
Hans Biomed Co. Ltd.
Sientra Inc.
C. Aesthetics
Mentor Worldwide LLC
Establishment Labs S.A.
Laboratoires Arion
Shanghai Kangning Medical Supplies Ltd.
Market Drivers:

The rise in breast surgeries performed worldwide is a major factor driving the market. The desire of individuals to look appealing and be prepared to spend funds to do it, especially those who are members of privileged organizations, has increased the desire for breast implants and enlargement. The three countries with the highest breast augmentation surgery rates are Brazil, the United States, and Mexico. Additionally, market participants in the region are constantly pursuing better and more effective solutions and extending the lifespan of currently offered products through campaigns to raise public awareness about breast implants, the launch of new products, partnerships, and acquisitions & mergers, which will support market expansion.

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Restraints:

The major factors impeding the explosive development of breast implant sales are the risks and complications that can occur after surgery and the high cost of the implant. Therefore, it is anticipated that the worldwide breast implant market will experience growth over the forecast period due to an increase in women's propensity for and awareness of breast enlargement and rebuilding procedures for cosmetic enhancement. These are the main driving forces behind the market opportunity for breast implants in the upcoming years.

Breast Implants Market Segmentation:

By application, the market includes breast reconstruction and breast augmentation.

The market includes silicone, smooth breast, saline, and round implants by product.

By end-user, the market includes clinics, hospitals, cosmetics centers, and ambulatory surgical centers.

By shape, the market includes anatomical and round.

Breast Implants Market Regional Insights:

North America dominates the global market due to rising healthcare costs in the United States and increased interest in cosmetic surgery procedures driven by improved aesthetics. The region is also expected to experience market expansion due to the rising incidence of breast cancer. Latin America and the Asia-Pacific regions are expected to witness profitable growth throughout the forecast period, driven by the increasing disposable income in developing nations. Additionally, these regions present significant opportunities for low-cost medical tourism treatments.

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The significant increase in breast augmentation procedures contributes to North America's high market share. The region's market growth is further strengthened by the rising use of cosmetic surgeries. Additionally, reimbursement policies for breast reconstruction contribute to the market for breast implants in North America. The incidence of breast cancer in the region has also increased significantly over the past 20 years, further driving the expansion of the global breast implant market.

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