The Global Breast Implants Market is expected to grow a significant growth during the forecast period (2018–2023).
Breast augmentation is a widely used cosmetic surgery method all over the world. The implants are the devices used mainly for enhancements of the aesthetics such as size, shape, and texture of a woman’s breasts. The breast implants market is expected to witness tremendous growth owing to factors such as a rise in frequency of breast cancer cases, increase in focus on physical appearance, increase in a number of options for breast implants. However, factors such as increased risk of complications in the surgical procedure, and the cost of the procedure, social factors hinder the market growth.
Breast Implants are highly accepted by women to improve their physical appearance. These are made of either saline or silica solutions or silicone gel. The procedure to improve or repair damages to the breast is called as breast implantation or breast augmentation. These procedures are done to restore breast volume, or for esthetic and cosmetic reasons. In 2015, in the U.S. According to the American Society of Plastic Surgeons, approximately 106,000 breast reconstruction procedures have been completed. Thus, such a vast amount of cases and increased focus on the enrichment of physical appearances is projected to drive the growth of the market.
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Advances in technology and improvements in designs and construction of breast implants and rise in a number of qualified plastic surgeons expand the industry growth. Other factors such as a rise in awareness of breast surgeries, rise in medical tourism and rising beauty consciousness and spirals the rise of the market. The high surgical costs and laterally the added expenses of medical test and medications limit the growth of the industry. However, sometimes the risk of re-surgery becomes essential to correct the appearance and this may hinder the industries expansion.
Market Research Future (MRFR) recognizes the following companies as the key players in Breast Implants Market: There are plenty of large and small market players which operate in this market all over the globe.
Some of the key players in the global breast implants market are Allergan (Actavis), Sientra Inc., GC Aesthetics, Mentor Worldwide LLC, Establishment Labs S.A., Polytech Health & Aesthetics GmbH, GROUPE SEBBIN SAS, Hans Biomed Co. Ltd., Laboratoires Arion, Shanghai Kangning Medical Supplies Ltd., CEREPLAS, Ideal Implant Inc., Shanghai Kangning Medical Device Co. Ltd. and Guangzhou Wanhe Plastic Materials Co. Ltd.
Segments for Global Breast Implants Market
The global breast implants market has been segmented on the basis of product, shape, application, and end user. On the basis of product, the market has been classified as silicone breast implants, saline breast implants, structured saline breast implants, round breast implants gummy bear breast implants, smooth breast implants, textured breast implants. On the basis of shape, the market has been classified as round and anatomical. On the basis of application, the market has been classified as breast augmentation and breast reconstruction. On the basis of end-users, the market has been classified as hospitals, clinics, cosmetic centers, ambulatory surgical centers and others.
In the breast implants market, North America is anticipated to account for largest market share due to the early adoption of advanced medical technologies, the rise in awareness, acceptance of many silicone breast implant facilities, rise in growth of healthcare sector and also rise in frequency of breast cancer.
The European market is expected to hold the second largest market share, as it is the most desirable destination for esthetic surgery due to greater disposable income, and higher levels of maintenance.
Whereas the market share in Asia-Pacific region is also projected to experience growth in the near future due to access to optimal treatment facilities and growing demand for advanced technology, better adoption rate, increase in disposable income and rising medical tourism.
The market in the Middle East & Africa is expected to account for the smallest share of the global breast implants market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
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