Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3010 Million | USD 4010 Million | 6.5% | 2022 |
The global breast implant market size was evaluated at $3010 million in 2022 and is slated to hit $4010 million by the end of 2030 with a CAGR of nearly 6.5% between 2023 and 2030.
Breast implants are key components of breast augmentation functions and are designed for improving the shape and size of breasts. Reportedly, there is a rise in the demand for breast implants owing to emerging beauty standards, the thriving fashion industry, and the rise in the need for boosting the confidence and visual appeal of an individual along with improving the personality. Breakthroughs in implant technologies have resulted in the development of natural implants and have increased its popularity in countries such as Canada and the U.S.
Surge in breast augmentation procedures will steer the global market trends
Rise in breast augmentation methods and an increase in the cases of breast cancer will steer the expansion of the global breast implants market trends. An increase in the number of plastic and cosmetic surgeries will prop up the expansion of the market across the globe. As per WHO, in 2020, nearly 3 million women population were found to have breast cancer, and nearly 6, 00,000 from among them died. For the record, nearly 23% of women populations in Asia were diagnosed with breast cancer in 2020.
Hence, all these aforementioned events have resulted in massive demand for breast implants across the globe. A prominent surge in the awareness among women about breast augmentation & reconstruction methods will steer the global market trends. New product launches are likely to shape the growth of the breast implants market across the globe. For instance, in the first half of 2021, GC Aesthetics, Inc., a medical technology firm offering aesthetic solutions for the global healthcare sector, launched next-generation breast implants referred to as PERLETM.
Rise in the costs of breast implantation will hamper the global industry expansion by 2030
Huge prices of breast implantation methods and growing complication risks can pose a huge threat to the expansion of the global breast implants industry.
Rise in awareness about physical appearance among people will boost the growth of the market globally
Growing focus on physical appearance among celebrities as well as among youth & elderly population and inclination for looking beautiful will steer the expansion of the breast implants market globally.
Unfavorable reimbursement policies will put up a big challenge for the global industry over next eight years
Lack of compensation for breast implants along with higher costs incurred by multi-specialty approaches for breast augmentation will prove to be a challenging factor for the growth of the breast implants industry across the globe.
Breast Implants Market: Segmentation
The global breast implants market is sectored into product, material, procedure, end-user, and region.
In product terms, the global breast implants market is segregated into breast implants and tissue expanders segments. Furthermore, the breast implants segment, which accumulated nearly two-thirds of the global market proceeds in 2022, is set to register the highest CAGR in the ensuing years. The expansion of the segment in the assessment period can be owing to a rise in the number of breast augmentation surgeries along with product commercialization. Easy access to breast implants in a slew of sizes and shapes will proliferate the growth of the market in the coming years.
Based on the material, the global breast implants industry is sectored into silicone and saline segments. In addition to this, the silicone segment, which acquired a key part of the global industry share in 2022, is projected to lead the global industry over the analysis timeframe. The segmental expansion over the assessment timeline can be a result of the huge availability of silicone implants and the benefits provided by them along with its ability to enhance the aesthetic appearance of the female population.
Based on the procedure, the breast implants market globally is divided into breast augmentation and breast reconstruction segments. Furthermore, the breast augmentation segment, which dominated the procedure landscape in 2022, is predicted to lead the global market in the near future. Moreover, the rise in the medical tourism sector in Latin American countries such as Mexico and Brazil for aesthetic procedures at inexpensive rates will prop the segmental growth in the coming years.
In terms of end-user, the global breast implants industry is sectored into hospitals and specialty clinics segments. Additionally, the hospitals segment, which acquired a large portion of the global industry share in 2022, is anticipated to lead the global industry over the assessment period. The segmental surge in the next eight years can be due to a rise in cosmetic surgical operations in hospitals.
Report Attributes | Report Details |
---|---|
Report Name | Breast Implants Market |
Market Size in 2022 | USD 3010 Million |
Market Forecast in 2030 | USD 4010 Million |
Growth Rate | CAGR of 6.5% |
Number of Pages | 204 |
Key Companies Covered | GROUPE SEBBIN SAS, ALLERGAN, Mentor Worldwide LLC, Sientra Inc., GC Aesthetics, Establishment Labs S.A., Guangzhou Wanhe Plastic Materials Co. Ltd., LABORATOIRES ARION, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Supplies Ltd., HANSBIOMED CO. LTD., and others. |
Segments Covered | By Product, By Material, By Procedure, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is prognosis to retain its numero uno position in the global breast implants market in the forecasting timeframe
North America, which contributed about 51% of the global breast implants market share in 2022, will be a dominating region over the assessment timeline. Furthermore, the regional market growth can be owing to supportive government compensation policies for breast reconstruction activities. Apart from this, the presence of key product manufacturers in countries such as the U.S. and Canada will promulgate the scope of the regional market in the coming years.
The European breast implants industry is set to register the fastest CAGR in the years ahead subject to a rise in the preference for silicone implants in cosmetic surgeries in countries such as Italy, France, and the UK. Furthermore, the massive use of cosmetic products in these countries will promulgate the scope of growth of the industry in the continent.
The global breast implants market profiles key players such as:
By Product
By Material
By Procedure
By End-User
FrequentlyAsked Questions
Breast implants are key components of breast augmentation functions and are designed for improving the shape and size of breasts.
The global breast implants market growth can be owing to an increase in the number of plastic and cosmetic surgeries.
According to a study, the global breast implants industry size was $3010 million in 2022 and is projected to reach $4010 million by the end of 2030.
The global breast implants market is anticipated to record a CAGR of nearly 6.5% from 2023 to 2030.
The European breast implants industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the preference for silicone implants in cosmetic surgeries in countries such as Italy, France, and the UK. Furthermore, the massive use of cosmetic products in these countries will promulgate the scope of growth of the industry in the continent.
The global breast implants market is led by players such as GROUPE SEBBIN SAS, ALLERGAN, Mentor Worldwide LLC; Sientra, Inc., GC Aesthetics, Establishment Labs S.A., Guangzhou Wanhe Plastic Materials Co., Ltd., LABORATOIRES ARION, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Supplies Ltd., and HANSBIOMED CO. LTD.
The breast implants market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed