Rising Prevalence of Breast Cancer Across the Globe is Escalating the Growth of the Breast Implants Market
Published: Apr, 2023
In recent years, increased cases of breast cancer across the globe is propelling the growth of the breast implants market during the forecasted timeline. Furthermore, the increasing number of breast augmentation procedures and rising awareness of plastic surgeries due to inclination towards beauty enhancement is expected to create lucrative opportunities in the market. Additionally, technological advancement in the healthcare and medical industry along with an increasing number of plastic surgeons is further boosting the market growth. The market players in the area are continuously working toward better and more efficient solutions and evolving the life of available products through awareness campaigns regarding breast implants, and product launches, which will complement the market growth.
According to Marketlook Consulting’ research report “Global Breast Implants Market Analysis, 2021”, the breast implants market is anticipated to grow at a CAGR 9.4% during 2022-29. The market would reach to USD 4.76 billion by 2029.
Based on the type of breast implants, the market is segmented into silicone implants and saline implants. The silicone implants segment acquired the largest share in 2021 and is expected to continue to dominate the market during the forecast period owing to the ability to replicate the natural breast and being lightweight. Moreover, there will be a reduction in wrinkling which will further boost the growth of silicone implant segment.
“Global Breast Implants Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the breast implants providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
Based on leading regions, North America dominated the global breast implants market in 2021 and is projected to maintain its dominance during the forecasted period 2022-29 due to the rise in the number of breast augmentation processes. In the last two decades, there has been a significant rise in the incidence rate of breast cancer in this region. Furthermore, increase in the adoption of cosmetic procedures and the availability of reimbursement policies with respect to breast reconstruction are projected to fuel the demand for breast implants market in the forthcoming period as stated in Marketlook Consulting research report “Breast Implants Market Analysis, 2021”.
According to Marketlook Consulting’, the key players with a considerable market share in the global breast implants market are Allergan plc, Mentor Worldwide LLC, HansBioMed, Establishment Labs S.A., Polytech Health, Aesthetics GmBH, Sientra, Inc., GC Aesthetics, CEREPLAS, Laboratoires Arion.
Market Segmentation:
- By Type (Silicone Implants, Saline Implants)
- By Shape (Round, Anatomical)
- By Texture (Smooth, Textured)
- By Application (Breast Augmentation, Breast Reconstruction)
- By End Use (Hospitals, Clinics)
- By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
- By Company (Allergan plc, Mentor Worldwide LLC, HansBioMed, Establishment Labs S.A., Polytech Health, Aesthetics GmBH, Sientra, Inc., GC Aesthetics, CEREPLAS, Laboratoires Arion.)
Key questions answered in the study:
- What are the current and future trends of the breast implants industry?
- How the industry has been evolving in terms of user types demand and application areas?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the breast implants industry?
- What is the customer orientation, purchase behavior, and expectations from the breast implants firms across various regions?