Report ID: SQMIG35A2520
Report ID:
SQMIG35A2520 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|
Tables:
114 |
Figures:
77
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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Report ID: SQMIG35A2520