Breast Implants Market Expected to Reach $4.5 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Breast Implants Market," The breast implants market size was valued at $1.8 billion in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.

The breast implant is one of the most popular plastic surgery procedures used for breast augmentation or reconstruction. Breast implantation can be done for a number of reasons, such as for women who have had a mastectomy (breast removal due to cancer), whose breast size has decreased due to pregnancy, weight loss, or aging, whose breasts are asymmetrical, or who simply want to improve their self-esteem and body image. Recent technological developments aimed at improving procedure accuracy and the rise in prevalence of various types of plastic surgery have boosted product adoption.

One of the factors driving global breast implant market expansion is women's growing tendency and awareness of breast augmentation & reconstructive procedures for beauty enhancement. The market is primarily driven by the increase in breast surgeries globally. The demand for breast implantation and enlargement has increased due to people's desire to look beautiful and their willingness to spend money to do so, particularly those who belong to elite groups. The U.S., Brazil, and Mexico have the highest rates of breast implant surgeries. The International Society of Aesthetic Plastic Surgery states that more than 1.86 million breast augmentation procedures were carried out worldwide in 2018. This is expected to accelerate the breast implants market growth during the forecast period.

However, the risk associated with breast implants such as breast pain, changes in the nipple, additional surgeries, breast implants associated with anaplastic large cell lymphoma (BIA-ALCL), connective tissue disease, issues in breast feeding, and capsular contracture factors is expected to hinder the growth of global breast implants market over the forecast period.

The increased prevalence of breast cancer is also a key opportunity of market expansion. In extreme situations, this condition is prevented by mastectomy surgery, which entails the removal of the whole organ. Furthermore, regeneration of this organ is thought to be a viable therapeutic strategy for this condition. The form of the excised organ is rebuilt during this surgery. As a result of the increasing number of reconstruction cases, there will be a greater need for breast implantation in the near future.

The global breast implant market share is segmented based on type, shape, texture, application, end-use, and region. By type, it is classified into the saline implant and silicone implants.  By shape, it is classified into anatomical and round. By texture, it is classified into smooth and textured. By application, it is classified into breast reconstruction and breast augmentation. By end-use, it is classified into clinics, hospitals, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the breast implant market report include Sebbin, Allergan, Mentor Worldwide Llc, Gc Aesthetics, Laboratories Arion, Sientra Inc., Hansbiomed, Cereplas, Silimed, and Groupe Sebbin Sas.

The report offers a comprehensive analysis of the global breast implant market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. Furthermore, the report sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers & suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of Covid-19 on the Global Breast Implants Industry

• The COVID-19 pandemic has disrupted the world's healthcare sector. The pandemic's effects are felt strongly in the healthcare industry, with both ups and downs. However, the demand for ventilators and PPE kits has skyrocketed. On the contrary, the demand curve for medical equipment, including implants, injectables, and stents declined. Disruptions in the supply chain and the cancellation or postponement of elective surgery are key components of this scenario.
• The pandemic has a significant impact on the aesthetics sector. The load on medical staff was increased as a result of the rise in coronavirus cases. As a result, resources from all disciplines and departments, including ICUs, hospital beds, ventilators, and other medical equipment, were reassigned to the care of COVID-19 patients. The governments of many countries have therefore postponed all optional and non-essential activities. Cosmetic procedures such as breast enlargement are all delayed or canceled since they come under the "non-essential" category of elective treatment.

Key Findings of the Study

• On the basis of type, the silicone implant sub-segment held the highest breast implants market share and is anticipated to be the fastest growing in the forecasted years.
• Based on shape, the round sub-segment held the largest breast implants market size and is predicted to be the fastest growing sub-segment during the forecast years.
• By texture, the smooth sub-segment is the most dominant and fastest growing during the forecast years.
• By application, the breast augmentation sub-segment is the most dominant and fastest growing during the forecast years.
• Based on end use, the clinic sub-segment is forecasted to generate the most revenue during the forecast period.
• By region, the North American market registered the highest market share in 2021 and is projected to maintain its position during the forecast period.
• An in-depth analysis of the breast implants market trends is provided in the report.