USD 1.8 billion
Report ID:
SQMIG35A2520 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
114
|Figures:
77
Breast Implants Market size was valued at USD 2.5 Billion in 2023 and is poised to grow from USD 2.69 Billion in 2024 to USD 4.79 Billion by 2032, growing at a CAGR of 7.49% during the forecast period (2025-2032).
The rapid growth of the market has been driven by the growing demand for improving physical aesthetics. The global healthcare sector has been impacted by the COVID-19 pandemic, while the pandemic had a substantial impact on the medical equipment industry. There was a rapid increase in demand for personal protective equipment and ventilators, whilst on the opposite end, consumption of health devices/products including implants, injectables, stents, & equipment was observably falling. According to the competitive factors, the greatest factors in the aftermath of the pandemic were supply chain interruptions and the postponement or cancellation of elective surgical procedures.
The breast implant market has tremendously evolved with the increasing demand of cosmetic surgeries. Women who have a high inclination towards enhancing their beauty have significantly contributed to the breast implant market revenue. In adherence to food and drug administration stipulations, women who have attained 18 years and above can undergo a breast implantation surgery. Moreover, the increase occurrence of breast cancer incidences is also a major driving factor that has led to the growth of this market. In dire incidences, the remedy for this disease is mastectomy surgery. This surgery procedure entails the removal of the whole organ.
Global Market Size
USD 1.8 billion
Largest Segment
Round
Fastest Growth
Round
Growth Rate
9.4% CAGR
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Global Breast Implants Market is segmented by Product, Shape, Application, End User, and Region. Based on Product, the market is segmented into Silicone Breast Implants, Saline Breast Implants. Based on Shape, the market is segmented into Round, Anatomical. Based on Application, the market is segmented into Reconstructive Surgery, Cosmetic Surgery. Based on End User, the market is segmented into Hospitals, Cosmetology Clinics, Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Breast Implants Market Analysis by Product
Based on product, Silicone Breast Implants segment is dominating the breast implants market with the largest revenue. Silicone Breast Implants are more like natural breast tissue. For example, a gummy implant gives the reconstructed breast a natural shape. Moreover, this product segment does not have a risk of immune system-related disorders. During the forecast period, silicone implants are expected to remain the largest category, due to their softness. Silicone implants are generally rare to form hard scar tissue often referred to as capsular contracture as they are soft-textured. Furthermore, gummy implants have a low risk of wrinkling.
Saline implants are expected to witness the fastest growth in terms of products. The reason behind this is the fewer complications being found out in the process of implant rupture for this type of implant. After the leaking of the saline, it gets dissolved in the patient’s body and will not cause any harm to the patient. In this type of implant, there is no need to consult the doctor for any further follow-up sessions. But the women who have undergone silicone breast implantation surgery will suffer from quiet implant rupture. Hence the FDA recommends these patients undergo an MRI at regular intervals.
Breast Implants Market Analysis by Shape
Based on shape, round shape implants are expected to dominate the breast implants market with substantial market share. They are well-suited for breast enhancements because of their round shape. The devices are often shaped like a compressed sphere. Hence, the high demand for these products has driven the development of the market. There are no issues when the implants are rotated at the time of surgery, regardless of the rotation angle, as the devices are perfectly round and symmetrical. As a result, even surgeons prefer these products to anatomical products. The round-shaped implants of Laboratoires Arion are extensive. This business, for example, produces Monobloc Silicone.
Anatomical-shaped devices are poised to grow significantly over the forecast timeframe owing to their natural nature. This type of implant is shaped to mimic the natural shape of the breast. Women who choose natural-looking breast augmentation opt for this product in most cases. On the other hand, these devices are not without their disadvantages. When there is a shift or rotational movement of the implant, the overall shape of the organ tends to change. This may necessitate corrective surgery. Additionally, since the product has a natural shape, surgical intervention by a well-trained surgeon is required upon implantation; otherwise, it can be at the risk of flipping.
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North America is dominating the breast implants market with the largest market share. The dominant position of North America can be explained by the increasing healthcare spending in the U.S. and the demand for cosmetic surgical procedures that in most cases are related to the improvement of a person’s esthetic appearance. Additionally, one should mention the growing prevalence of breast cancer in the region. The US is one of the primary contributors to the breast implants market. The market is growing exponentially due to various factors, like the rising number of cosmetic surgeries, and increasing product approvals by various regulatory bodies. Furthermore, increasing disposable income, rising medical tourism, women's inclination toward breast reconstruction procedures for beauty enhancement is also fueling growth of the market.
The Asia Pacific is poised for substantial growth during the forecast period owing to increasing disposable income in countries such as India, China, which creates a growth opportunity for medical tourism low-cost treatments in the region. The market is also witnessing rapid growth due to factors, like growing demand for cosmetic procedures, increasing prevalence of breast cancer, and rising awareness campaigns. Moreover, potential of the healthcare sector in developing markets is also increasing, along with rising strategic initiatives and product innovations. The extensive utilization of artificial devices like prostheses combined with rising investment in advanced technologies in the medical sector is increasing the demand for breast implants.
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Breast Implants Market Driver
Increasing Cases of Breast Cancer
Advancement in Cosmetic Surgical Procedures
Restraints
Lack of Suitable Implant Materials
Stringent Regulations
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Considering that the trend towards breast augmentation becomes more noticeable every year, the number of manufacturers of breast implants increases. The industry of breast implants is presented according to international and regional players in the global market. Companies find it beneficial to enter into partnership agreements to sign multiple supply agreements and expand their product markets. In addition, it is critical to note that breast augmentation became the solution with the highest agreement activity in comparison with the other medical aesthetics in the last 5 years.
Breast Implants Market Top Player's Company Profiles
Breast Implants Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, cosmetic procedures have seen tremendous growth as physical attractiveness holds substantial value in today's society. Breast augmentation tops the list of popular surgeries, allowing women seeking larger size to alter their appearance through implants or fat grafting. Aiming to boost their outward beauty, numerous female patients choose to undergo breast enlargement each year. However, others note dangers like infection and criticize extreme measures solely for vanity's sake. Meanwhile, improved technology now offers minimally invasive options for modest changes. Overall, views vary on where to draw the line between medical issues and upholding unrealistic standards.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.33 billion |
Market size value in 2031 | USD 4.46 billion |
Growth Rate | 7.49% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Breast Implants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Breast Implants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Breast Implants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Breast Implants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2520
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