Breast Implants Market Size By Product (Silicone Implant, Saline Implant), By Shape (Round, Anatomical), By Application (Breast Augmentation, Breast Reconstruction), By End Use (Hospitals, Clinics, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: August 2017 | 95 Pages | Report ID: GMI2020 Report Format: PDF
Breast Implants Market size was over USD 1.2 billion in 2016, with growth forecast over 5% CAGR from 2017 to 2024.
U.S. Breast Implants Market size, By Product, 2013-2024 (USD Million)
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Increasing longevity of women along with the desire to look fit and attractive has resulted in a higher demand for the procedure. Growing trend of breast augmentation to maintain body proportion and restores breast volume will stimulate business growth.
Rising breast cancer incidence and consequential increase in mastectomy will serve as a high impact rendering factor over the coming years. Events such as early menarche, late natural menopause or not bearing children, increases risk of acquiring the cancer due to increased exposure to estrogen and progesterone. Growing awareness pertaining to availability of restoration option have resulted in greater number of women opting for reconstruction procedures.
Technological advances and improvements in design, construction and fill volumes will escalate development of innovative devices which cause less rippling or wrinkling. Increasing number of qualified and skilled plastic surgeons should further escalate industry demand.
High procedural costs along with other additional expenditures on medical tests, post-surgery garments and medications will limit industry growth over the forecast years. Sometimes re-surgery is required for correcting appearance which further increases patient expenditure. Risk of post-procedural complications may hamper industry expansion.
Advent of alternative techniques such as fat grafting or fat transfer which uses own tissue and provides a more natural appearance will further impede growth. Moreover, lack of clinical studies and long term follow up on the technique have deterred adoption.
Breast Implants Market, By Product
Silicone dominated the breast implants market size in 2016 and is expected to follow a similar trend over the forecast years. Ability of the device to replicate the feel of natural breast and lighter weight than are the features which increases its popularity. Furthermore, reduction in visible wrinkling or rippling will also fuel segment growth.
Higher costs of silicone implants as compared to saline inserts will hinders segment growth over the forecast period. Scarring phenomenon associated with larger incision while inserting the implants should discourage its demand over the coming years.
Breast Implants Market, By Shape
Round implants held the largest revenue share in 2016 owing to their ability to create round, soft and nicely proportioned breasts. Availability of these devices in range of diameters and varying degree of projections permits greater flexibility in fitting to any women’s body type.
The symmetrical nature and rounded share resolves the problem of breast rotation. However, drawback of superior pole fullness in women with small breast would restrain segment growth over the forecast period.
Breast Implants Market, By Application
Breast augmentation procedures is slated to witness healthy growth due to increase in number of women opting for it. Short procedural duration and less complications should increase the demand for this medical intervention.
The ability to perform augmentation procedure under local or general anesthesia stimulates acceptance among the women. Improvements in the breast and hip contours along with increased self-confidence post-surgery should encourage adoption of these procedures.
Breast Implants Market, By End Use
Clinics as end users of implants held significant market share as large number of surgeries are performed in clinical settings. Growing number of clinics, availability of skilled medical practitioners and advanced equipment should propel segment growth over the forecast years.
Breast Implants Market, By Region
U.S. market held over 85% of regional revenue share in 2016 owing to growing trend of undergoing breast augmentation procedures to look good. Rising adoption of innovative product, evolved healthcare infrastructure and growing awareness should intensify regional growth.
Brazil market size should witness significant growth due to presence of strong beach culture and openness regarding plastic surgery. Rapidly improving healthcare infrastructure along with rising number of plastic surgeons should serve as high impact rendering factors. Growing proportion of middle class, rising per capita expenditure and lower cost of implantation procedures will further propel business growth.
China market accounted for significant revenue share owing to increasing number of women opting for augmentation procedures to imitate western appearance. Increasing disposable incomes along with growing awareness levels will augment industry growth.
Competitive Market Share
Some of the prominent industry players include Allergan, Groupe Sebbin, GC Aesthetics, Mentor, Sientra, Polytech Health and Aesthetics, Arion laboratoires, Cereplas, Ideal Implant, Silimed and HansBiomed.
Industry participants adopt various strategies such as acquisitions and new product development to strengthen their market position and expand their product portfolio. For instance, in September 2016, Allergan received FDA approval to market NATRELLE INSPIRA cohesive breast implant.
Breast Implants Industry Background
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Breast implants industry is highly competitive in nature. It should witness introduction of novel products over the forecast period. Industry participants are engaged in rigorous R&D for launch of new implants and material technologies. Manufacture and design of inserts have undergone several generations of refinements and advancements. Technological development will aid industry expansion. Asia Pacific, Middle East and African countries will provide lucrative growth opportunities owing to the changing perception towards cosmetic procedures and growing awareness levels.
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