Global Breast Implants Market

Global Breast Implants Market Size, Share, Growth Analysis, By Product Type(Silicone Breast Implants, Saline Breast Implants), By Shape(Round, Anatomical), By Application(Reconstructive Surgery, Cosmetic Surgery), By End user(Cosmetology clinics, Hospitals) - Industry Forecast 2024-2031


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

Global Breast Implants Market Insights

Global Breast Implants Market size was valued at USD 1.8 billion in 2019 and is poised to grow from USD 1.97 billion in 2023 to USD 4.5 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

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.

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Global Breast Implants Market size was valued at USD 1.8 billion in 2019 and is poised to grow from USD 1.97 billion in 2023 to USD 4.5 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

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. 'Sientra Inc. (US)', 'GC Aesthetics (Ireland)', 'Allergan', 'Mentor Worldwide LLC', 'POLYTECH Health & Aesthetics GmbH', 'Groupe Sebbin SAS', 'Establishment Labs Holdings Inc.', 'Ideal Implant Incorporated', 'HansBiomed Co. Ltd.', 'Shanghai Kangning Medical Supplies Ltd.', 'Guangzhou Wanhe Plastic Materials Co. Ltd.', 'Cereplas', 'Laboratoires Arion', 'G&G Biotechnology Ltd.', 'Guangzhou Silicone Rubber Co. Ltd.', 'Guangzhou Shiji Kangmei Cosmetics Co. Ltd.', 'Implantech Associates Inc.', 'Nagor Limited', 'Arion Laboratories', 'Gurtner GmbH.'

Innovative Product Launches to Fuel Market Growth: It is also anticipated that the introduction of new goods and technology developments that improve vision would accelerate market expansion. The debut of Eve 4.0, a Digital Consultation Solution (DCS) that offers visualization on tools to patients in Europe and Brazil considering breast reconstruction or augmentation, was announced by GC Aesthetics in June 2019. The regional markets' growth is probably going to be boosted by this. The market for breast implants is also growing as a result of increased research into the creation of implants with greater durability. AMSilk GmbH and POLYTECH Health & Aesthetics worked together to launch a clinical trial for the silk-coated breast implant SILKline in Europe in February 2018. The product's predicted acceptance is likely to lead to profitable growth opportunities for the market.

The market for silicone breast implants for breast augmentation and reconstruction is anticipated to rise as a result of new technological developments and enhancements to currently available products. For instance, in May 2021, GC Aesthetics Inc., a maker of silicone breast implants, announced the release of the PERLE, a smooth breast implant with the exclusive surface technology known as BioQ. Therefore, the market is anticipated to expand throughout the projected period as a result of the increased demand for silicone-based breast implants.

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.

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Global Breast Implants Market

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