Breast Implant Market Synopsis:
Rising demand for aesthetic surgeries, in conjunction with developments in healthcare technologies, is projected to drive market growth over the next couple of years. Also, rising disposable income is poised to open new avenues of growth for the market players. The availability of cost-efficient surgery options and increasing growth of medical tourism are anticipated to propel the expansion of the breast implants market in the upcoming years. 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.
The Growth 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.
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Top Key Players:
Allergan holds a major share in the global breast implant market and is likely to remain a major revenue generator over the forecast period.
Some of the Leading key players in the global breast implants market include Guangzhou Wanhe Plastic Materials Co. Ltd., Shanghai Kangning Medical Device Co. Ltd., Ideal Implant Inc., Cereplas, Laboratoires Arion, Hans Biomed Co. Ltd., Groupe Sebbin SAS, Polytech Health and Aesthetics GmbH, Establishment Labs S.A., Mentor Worldwide LLC, GC Aesthetics, Sientra Inc., and Allergan (Actavis).
Market Segmentation:
The global breast implants market has been segmented on the basis of product, shape, application, and end user.
Products – 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, and textured breast implants.
Shape – the market has been classified as round and anatomical.
Application – the market has been classified as breast augmentation and breast reconstruction.
end users – the market has been classified as hospitals, clinics, cosmetic centers, ambulatory surgical centers, and others.
Regional Analysis:
North America is likely to account for the largest share in the global breast implant market over the forecast period due to the growing awareness about breast implants and the growing demand among female consumers to have breast implants. Rising prevalence of breast cancer is also a key driver for the breast implants market in North America. The growing awareness of breast cancer and the benefits of breast implants in dealing with the after-effects of breast cancer is likely to remain a major driver for the breast implant market in North America over the forecast period. The growing healthcare sector in North America has provided the breast implants market with significant growth prospects, with cosmetic surgeries such as breast implantation and reconstruction becoming widely popular and easily accessible. The easy accessibility of breast implant procedures in North America is likely to be a major driver for the breast implant market in North America over the forecast period. The early adoption of advanced medical technologies in North America is likely to be a major driver for the breast implant market in the region over the forecast period, as enhancements in breast implants and breast implant placement procedures are likely to be widely accepted in the region over the forecast period.
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