Report ID: SQMIG35A2520
Report ID:
SQMIG35A2520 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|
Tables:
114 |
Figures:
77
Global Breast Implants Market size was valued at USD 2.33 billion in 2022 and is poised to grow from USD 2.50 billion in 2023 to USD 4.46 billion by 2031, growing at a CAGR of 7.49% during the forecast period (2024-2031).
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.
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Report ID: SQMIG35A2520