Global Breast Implants Market was estimated over USD 3 billion in 2016. The growth is projected to achieve more than 5% CAGR from 2017 to 2024. Increase in breast cancer cases and resultant rise in mastectomy procedures will augment the breast implant industry growth over forthcoming years. Availability of alternative for restoration will further increase the demand encouraging industry growth. Moreover, increased number of qualified plastic surgeons will have substantial positive impact on breast impact market growth over forecast timeframe.
Increased life expectancy of women with adoption for breast augmentation to retain body proportion impels breast implants adoption rate. Rise in financial independence of women and desire to look fit escalate the affordability and demand for the breast implant procedures.
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High cost of breast implantation process hampers its adoption. Incidences of post-procedural issues and emergence of substitute techniques such as fat transfer and fat grafting will further impede industry growth to some extent.
Silicone breast implants dominated the industry in 2016 owing to its ability to duplicate natural breasts. Saline implants offer various advantages such as, high consistency to breast tissue causing less rippling, are light weighted and exhibit high resemblance to actual breast tissues thus making under-the-muscle placement natural. Increasing demands for silicone breasts coupled with aforementioned advantages will propel the market growth.
Round implants segment generated largest revenue share due to their availability in varying projection degrees and wide range of diameters that fits into any type of body. Moreover, these are preferred as they have reduced ptosis and render more nature shape. The flexibility associated with the product type results into higher sales and revenue.
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Breast augmentation procedure requires general or local anesthesia. The major advantage of breast augmentation procedure is fuller, firmer and shaped breasts coupled with brief procedural duration, thus rising adoption rate of breast augmentation procedure.
Remarkable market share is observed from clinics as end users. The segment will experience high growth due to increase in number of clinics, and presence of skilled and educated medical practitioners. Clinics offer advantages such as cost effectiveness, personalized care and quick discharge leading to elevating the selection of clinics over hospitals and others.
U.S. contributes to more than 85% of revenue in 2016 in breast implantation market. The major driving factors of the industry are fondness of women in U.S. to look good, affordability to opt for surgery, availability of medical loans, growing awareness and evolved infrastructure. Moreover, high affordability and awareness pertaining breast implants will augment the industry growth over forecast timeframe.
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Some of the important industry players include Arion laboratories, Groupe Sebbin, Allergan, GC Aesthetics, Mentor, Sientra, Cereplas, Ideal Implant , Polytech Health and Aesthetics , Silimed and HansBiomed. Industry players are adopting various strategies such as product development, acquisitions and mergers to enlarge their product portfolio and strengthen market position. In September 2016, Allergan received FDA approval cohesive breast implant NATRELLE INSPIRA. This resulted in market expansion and broadened the product portfolio of the company.
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