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A02324 | Pages: 390 | Charts: 69 | Tables: 201 |
The global breast implants market size was valued at $1.8 billion in 2021, and is projected to reach $4.5 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031. A breast implant is made up of silicone shells filled with silicone gel or sterile salt water(saline). Breast implants are artificial objects (prostheses) that are surgically implanted into the breast during breast augmentation surgery, commonly known as mammoplasty. Breast implantation is done for a variety of reasons, including for women who had mastectomy (breast removal due to cancer), whose breast size has decreased due to pregnancy, weight loss, or aging, whose breasts are asymmetrical, and for women who want to boost their self-esteem and body image.
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One of the major factors driving the growth of the breast implant market is the global increase in the prevalence of breast cancer. According to WHO, breast cancer surpassed lung cancer and became the most diagnosed cancer worldwide. According to the World Health Organization, in 2020, around 2.3 million women were diagnosed with breast cancer, and 685,000 of them died globally. While, in Asian women, the breast cancer prevalence was so high that it accounted for 22.9% of the total cancer cases in women in 2020. As of January 2022, there are more than 3.8 million women with a history of breast cancer in the U.S. This includes women currently being treated and women who have finished treatment. As of 2021, breast cancer was the most common cancer worldwide, accounting for 12% of all new cancer cases worldwide. These factors are anticipated to propell the breast implants market growth in the near future.
However, the post-surgery complications and risks associated with the breast implant, along with the high cost associated with the implant, are the major factors hampering the growth of the breast implant market. In addition, there is a high misconception about post-surgical complications and risks from breast implants in women. However, if this constraint is solved by creating awareness in women and clearing their misconceptions, it will contribute to the global breast implant market.
As per the 2020 International Society for Aesthetic Plastic Surgeons (ISAPS) statistics, breast augmentation remained the most common surgical procedure, accounting for 16% of all procedures. Thus, increase in inclination and awareness of women worldwide toward breast augmentation and reconstruction procedures for beauty enhancement is expected to drive global breast implant market revenue during the forecast period. These are the key factors propelling the breast implants market opportunity over the coming years.
The key players profiled in this report include Sebbin, Allergan, Mentor Worldwide LLC, GC Aesthetics, Laboratories Arion, Sientra Inc, Hansbiomed, Cereplas, Silimed, and Groupe Sebbin SAS.
The global breast implant market is segmented on the basis of product, shape, application, end-use and region. By product, the market is sub-segmented into saline implant and silicone implant. On the basis of shape, the market is sub-segmented into anatomical shape and round shape. According to application, the market is sub-segmented into breast reconstruction and breast augmentation. By end use, the market is sub-segmented into clinics, hospitals, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The breast implants industry is segmented into Type, Shape, Texture, Application and End-use.
By product, the silicone implant sub-segment dominates the market and is anticipated to be the fastest growing during the forecast period. This type of implant has the ability to replicate the natural breast and is lightweight. This is expected to significantly increase the preference over other types. These implants offer changeable flexibility as needed, as well as the ability to be filled at the time of implant surgery. Moreover, there will be a reduction in wrinkling, which will further impel the growth of this segment in the forecast timeline. These are predicted to be the major factors affecting the breast implant market size during the forecast period.
[TYPEGRAPH]
By shape, the round shape sub-segment dominated the global breast implant market share and is predicted to be the fastest growing sub-segment in the forecasted years. The growth of this sub-segment can be attributed to the implants’ ability to properly arrange for the creation of a proportioned breast shape. Round implants give the breasts a more natural appearance when they are implanted by a qualified surgeon. Breasts with anatomical implants appear more natural. However, while standing, round implants take on a natural slope due to gravity, making them look natural. Additionally, these items come in a wide variety of diameters and projection levels, which increases their adaptability and further demand.
[SHAPEGRAPH]
By shape, the round shape sub-segment dominated the global breast implant market share and is predicted to be the fastest growing sub-segment in the forecasted years. The growth of this sub-segment can be attributed to the implants’ ability to properly arrange for the creation of a proportioned breast shape. Round implants give the breasts a more natural appearance when they are implanted by a qualified surgeon. Breasts with anatomical implants appear more natural. However, while standing, round implants take on a natural slope due to gravity, making them look natural. Additionally, these items come in a wide variety of diameters and projection levels, which increases their adaptability and further demand.
[TEXTUREGRAPH]
By application, the breast augmentation sub-segment is the most dominant and fastest growing in the coming years. Breast augmentation procedures are specifically designed to increase the current breast volume while breast reconstruction is performed to restore function and normal appearance after surgery due to cancer or to adjust the setting of breasts after a birth difference. Breast augmentation procedures are anticipated to witness robust growth during the projected period, owing to a significant increase in the number of women choosing this procedure. Features such as short procedure duration and less involvement of complications is expected to boost product demand during the forecast period.
[APPLICATIONGRAPH]
By end use, clinics sub-segment is forecasted to generate the most revenue during the forecast period. Rise in number of private clinics, coupled with increase in number of plastic surgeons, is expected to enhance the growth of this segment. These clinics are anticipated to conduct the breast implant procedures in a very short time span, which is preferable by the majority of the patients, and this is anticipated to drive the demand for these procedures in the coming years. Moreover, the availability of advanced products and skilled resources will increase the adoption of breast implantation processes at the clinics, which will thereby enhance the market revenue generated through the clinics in the forthcoming period.
[ENDUSEGRAPH]
By region, North America dominated the global market in 2021 and is projected to remain the fastest-growing sub-segment during the forecast period. The high share attained by this region can be majorly attributed to the rise in the number of breast augmentation processes. Furthermore, increase in adoption of cosmetic procedures will further augment the region’s market growth. Moreover, the availability of reimbursement policies with respect to breast reconstruction is further boosting the North American breast implants market. In the last two decades, there has been a significant rise in the incidence rate of breast cancer in this region, thus further adding to the global breast implant market growth.
[REGIONGRAPH]
Key Market Segments
Key Market Players