USD 1.8 billion
Report ID: SQSG35A2015 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 114 | Figures: 77
Global Breast Implants Market size was valued at USD 1.8 billion in 2021 and is poised to grow from USD 1.97 billion in 2022 to USD 4.5 billion by 2030, growing at a CAGR of 9.4% in the forecast period (2023-2030).
Breast implants are surgically inserted medical devices that increase the size of the breasts, either for cosmetic or reconstructive reasons or to address a congenital deformity. Breast implants are used during surgery to increase and improve the size of the breasts.
Around the world, cosmetic surgery is increasing dramatically. Due to the significance placed on looks, there is a noticeable rise in demand for cosmetic surgery and aesthetic implants. The most frequent cosmetic surgery is breast augmentation. Breast augmentation, often known as breast enlargement, mammoplasty is a surgical technique used to increase the breast using an implant or fat transfer. To improve their physical attractiveness, many women elect to have breast augmentation.
In addition, the rising prevalence of breast cancer is also a significant driver leading to the growth of this market. In 2020, there were 2.3 million women diagnosed with breast cancer and 6,85,000 deaths globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world's most prevalent cancer. In extreme circumstances, this condition can be prevented by undergoing a mastectomy, which entails the removal of the entire organ. Reconstruction of this organ is also seen to be a viable alternative for the treatment of this illness. Reconstructing the excised organ's form is the goal of this technique. For instance, the U.S. government imposed a ban on all elective surgical procedures in hospitals and clinics and proclaimed a national emergency. However, according to a poll by the American Society of Plastic Surgeons (ASPS), during the pandemic, approximately 11% of women showed a greater propensity for aesthetic surgery operations, such as breast augmentation. This rise is attributed to the advantages of working from home and the freedom to recover following surgery because of social isolation. The demand for breast augmentation treatments has been boosted by these elements, as well as an unparalleled virtual lifestyle and reduced travel. Breast augmentation was listed as one of the top 5 cosmetic procedures performed in the US by the American Society of Plastic Surgeons (ASPS). As reported by the ASPS, this organ had undergone 279,143 procedures in the United States. As a result of the significant number of these cases, the market for breast implants is anticipated to rise more quickly in the years to come.
Global Market Size
USD 1.8 billion
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The Global breast implants market is segmented by Product Type, Shape, Application, end user, and Region. On the basis of Product Type, the market is segmented into Silicone Implants and Saline Implants. On the basis of Shape, the market is segmented into Round, Anatomical. On the basis of Application, the market is segmented into Reconstructive Surgery and Cosmetic Surgery. Based on end user, the market is segmented into Cosmetology clinics, hospitals, and ambulatory surgical centers. On the basis of Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Breast Implants Market Analysis by Product Type
On the basis of Product Type, the market is segmented into Silicone Breast Implants, Saline Breast Implants. Among these silicone implants accounted for the biggest market share within the product category in 2021. This is because these implants frequently resemble genuine breast tissue. For instance, a gummy implant provides the reconstructed breast with a natural contour. Additionally, there is no risk of immune system diseases with this product category. Due to their soft texture, silicone implants are anticipated to maintain their supremacy over the predicted period. This characteristic reduces the possibility of developing tough scar tissue near the implantation. Gummy implants also have a reduced chance of wrinkle formation.
On the other side, significant growth is projected for saline implants. This is because this kind of device after implant rupture has fewer consequences than others. In the event of a leak, the saline is absorbed by the body without endangering the patient. Saline devices don't need any more follow-up visits with the doctor, unlike silicone ones. However, silent implant rupture is a common problem for women who have had silicone breast implantation surgery. Therefore, the FDA advises that these patients have routine MRI examinations.
Breast Implants Market Analysis by Shape
On the basis of Shape, the market is segmented into Round, Anatomical. The biggest revenue share in 2021 was accounted for by implants with a round form. They are perfect for breast augmentation because of their rounded shape. These objects often have crushed sphere-like shapes. Because of the enormous demand these products created, the market was able to expand. Since they are symmetrical and devoid of any defects that occur at the time of implant rotation.
Breast Implants Market Analysis by Application
On the basis of Application, the market is segmented into Reconstructive Surgery and Cosmetic Surgery. Cosmetic surgery received the greatest revenue share in 2021 based on applications. This is because a huge market in cosmetics is emerging to improve visual appeal. Breast augmentation treatments used in cosmetic surgery aid in increasing the appearance of this organ. In the field of cosmetic surgery, breast implantation is regarded as a crucial technique. Compared to other types of implants, they feel more like natural breast tissue, which is the primary factor in why the majority of women who want breast implants choose them over other types.
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The leading cause of death worldwide is breast cancer. The global breast implants market's revenue growth is primarily driven by the rising incidence of breast cancer. Due to expanding healthcare spending in the US and a rise in interest in cosmetic surgery operations brought on by the improvement in the country's aesthetics, North America dominated the global market in 2021. In addition, the increased incidence of breast cancer in this area is expected to aid market expansion.
Latin America and the Asia Pacific are anticipated to have profitable growth with a significant CAGR during the projection period. This is a result of developing nations' increased disposable income. Additionally, this area offers a tremendous possibility for low-cost medical tourism treatments. Consequently, it is anticipated that the aforementioned reasons will fuel this region's market expansion.
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Breast Implants Market Driver
Breast Implants Market Restraint
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The Global Breast Implants market is highly fragmented due to the strong presence of a large number of players. As a result, the global Breast Implants market has been witnessing the constant entry of new players over the years. In order to sustain the highly competitive environment, existing players differentiate themselves through innovation, quality, and technology.
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, co-relates, and analyses the data collected by means of primary exploratory research backed by robust secondary desk research.
According to our analysis, the region of North America has a lead over other regions, dominance of North America can be attributed to expanding healthcare spending in the US and a rise in interest in cosmetic surgery operations brought on by the improvement in the country's aesthetics, North America dominated the global market in 2021. Among segments, silicone implants accounted for the biggest market share within the product category in 2021. This is because these implants frequently resemble genuine breast tissue. For instance, a gummy implant provides the reconstructed breast with a natural contour. While the segment of cosmetics accounted for the larger market share in 2021. The rising demand for cosmetic surgeries and the increasing rate of prevalence of breast cancer is driving the market growth.
|Market size value in 2021||USD 1.8 billion|
|Market size value in 2030||USD 1.97 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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For the Global 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 Global 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.
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