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Global Breast Implant Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 5.2 Bn by 2028, Likely to Grow with the CAGR of 8.3% During the Forecast Period.
The global Breast Implant technology has shown tremendous growth since last few years and is expected to grow rapidly over the forecast period. Some of the factors fuelling the growth of the global market include rising adoption of breast augmentation, increasing cases of breast cancer, R&D initiatives, and growing mastectomy across the globe.
Rising Cases of Breast Cancer and Increasing Popularity of Cosmetic Surgeries are driving the Demand across the globe
In the United States, the number of breast cancer patients is growing at a rapid pace. According to the America Cancer Society, in 2020 more than 2.5 lac women are expected to be diagnosed for breast cancer. This is indirectly putting a positive impact on the growth of the global market.
Moreover, the rising popularity of aesthetic implants and cosmetic surgery promotes the adoption of mammoplasty and breast enlargement surgeries which is anticipated to create growth opportunities for the global market.
The Silicon Implant Segment Held Key Share in Global Breast Implant Market in 2019
The silicon implant provides the user feel of natural breasts along with several properties such as texture variety, lesser visible wrinkles, and lightweight. This results in increasing demand for these products across the globe. The silicon implant offers the facility to adjust it as per the requirement which makes it convenient and preferable for users.
Furthermore, the saline implant products are expected to show noteworthy growth owing to its low cost and smaller incision during the process of surgery. Also, it provides the scope of decreasing or increasing breast volume which is anticipated to favour the growth of the segment.
Round Shape Segment Occupied Significant Share in 2019
The round implant provides nice, soft, and proportioned breasts which are anticipated to boost the demand for these shapes. Additionally, easy availability and flexibility to fit any woman’s body are expected to increase the scope of the segment growth.
However, the anatomical shape has become a major trend as it provides restoration of lost volume, and used for breast lift for a firmer and fuller appearance. This is anticipated to accelerate the growth of the segment.
Breast Augmentation Segment is Anticipated to Show Prominent Growth
On the basis of application, the breast augmentation segment is anticipated to grow rapidly during the forecast period. The growth of the segment is propelled by the properties associated with it such as lesser complications and shorter surgery duration. Also, a large consumer base is estimated to favour the growth of the segment.
Furthermore, breast reconstruction is anticipated to dominate the global market throughout the forecast period. The dominance of the segment can be credited to the rising number of breast cancer patients owing to genetic issues, the addition of alcohol, and radiation exposure.
Smooth Segment is Projected to Show Prominent Growth
On the basis of texture, the smooth implants are anticipated to gain traction. The smooth texture is cost efficient and long lasting which is increasing its popularity. Also, in case of smooth texture, these are lower risk of anaplastic large-cell lymphoma if compared with the textured implant which makes it more preferable.
The textured implant is more stabilized and reduces the capsular contracture which is expected to surge the demand of the segment.
Hospital Segment is leading the Global Breast Implant Market
By end-use, the hospital segment has occupied a significant share in the global market. Hospitals provide several options for advanced diagnosis, rehabilitation, and curative services. Hospitals are more organized and contain a greater number of professional staff which is estimated to propel the growth of the segment.
The clinics are expected to show the fastest growth in the coming years. This is mainly due to the rising number of plastic surgeons working in private clinics, lesser time in the implant process, and the presence of skilled nurses in clinics.
Asia Pacific is Anticipated to be the Largest Share Holder in Global Market
By geography, North America is dominating the global market by holding the highest share in 2019. The region is expected to retail its dominance throughout the forecast period. In North America, the U.S. is the largest shareholder for the breast implant market. In U.S. breast augmentation has become a major trend for increasing the volume and enhance their appearance. Moreover, high purchasing capacity and investment in cosmetic surgeries are expected to create a new scope of segment growth.
Furthermore, South America is estimated to show noteworthy growth during the period of the research study. Rising adoption for plastic surgery and lesser implantation cost in Brazil supports the regional growth.
Key players operating in the global breast implant market are Sientra Inc., Allergan Plc, POLYTECH Health & Aesthetics GmbH, Establishment Labs SA, Johnson & Johnson Services Inc., and GC Aesthetics Plc.
Global Breast Implant Market by Product Type
- Saline Implant
- Silicone Implant
Global Breast Implant Market by Shape
Global Breast Implant Market by Texture
Global Breast Implant Market by Application
- Breast Reconstruction
- Breast Augmentation
Global Breast Implant Market by End-User
Global Breast Implant Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America