The global Breast Implants Market is estimated to be valued at US$ 1411.38 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Breast implant device helps to increase breast size or restore breast shape. It contains a silicone shell filled with either silicone gel or saline solution. Breast implants provides an option to reconstruct or enhance appearance of breast size and shape for breast cancer survivors and other patients.
Market key trends:
The advancements in breast implant technology is one of the major market trends. The emergence of new types of breast implants such as anatomical shaped breast implant devices allows achieving a more natural-looking breast shape and feel compared to round implants. This advanced product technology provides better outcomes and improves patient satisfaction. Furthermore, minimally invasive breast augmentation procedures with 3D digital imaging are gaining popularity. The 3D digital technology reduces risks and helps in visualizing realistic breast augmentation results pre-operatively.
SWOT Analysis
Strength: Breast implants offer an effective solution for breast reconstruction and augmentation. They come in a variety of shapes and sizes to suit different body types and aesthetic preferences.
Weakness: Breast implants may be associated with complications such as rupture, capsular contracture, and infection. There are also concerns regarding long term safety and links to certain cancers and autoimmune diseases.
Opportunity: Rising awareness about breast aesthetics is driving the demand for breast augmentation procedures. Several technological advances are also improving the safety profiles of implants.
Threats: Stringent regulatory oversight can delay new product approvals. Growing popularity of non-surgical alternatives like body contouring poses a threat. Price controls and economic slowdowns can impact the market.
Key Takeaways
The Global Breast Implants Market Size is expected to witness high growth, exhibiting a CAGR of 4.2% over the forecast period, due to increasing awareness about breast aesthetics and availability of a wide variety of breast implant designs and sizes.
Regional analysis: North America currently dominates the global market owing to the high demand for breast augmentation in countries like the US. Asia Pacific is expected to be the fastest growing market supported by factors such as rising medical tourism and improving access to breast procedures.
Key players operating in the breast implants market are Abbvie, Inc, CEREPLAS, Establishment Labs S.A., GC Aesthetics, GROUPE SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co., Ltd., HansBiomed Co., Ltd., Ideal Implant Inc, Laboratoires Anios, Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Device Co., Ltd, Sientra, Inc., and Silimed. Several top manufacturers are investing in new product launches and facility expansions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
