November 18, 2021
According to the report titled ‘Global Breast Implant Market Size study, by Type (Silicone Implant, Form-stable Implant, Saline Implant, Structured Saline Implant), by Application (Reconstructive Surgery, Cosmetic Surgery), by End user (Hospital, Cosmetology Clinic, Others)and Regional Forecasts 2021-2027’ available with MarketStudyReport, global breast implant market is anticipated to grow at a healthy rate of 5.3% during the forecast period 2021-2027.
Increasing preference among women for breast augmentation and reconstruction for cosmetic enhancement as well as rising incidence of breast cancer are the primary factors driving the global breast implant market growth. To this effect, World Health Organization reported that around 2.3 million women were diagnosed with breast cancer in 2020 and this prevalence is likely to increase over the projected timeframe.
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Moreover, market participants are constantly striving for better and more effective alternatives, as well as extending the life of existing products through innovations, which along with strategies like partnerships, mergers, and acquisitions will accelerate the industry development.
However, the post-surgery side-effects and risks associated with the breast implants, as well as high costs affiliated with the procedure are projected to act as major restraints for the market growth.
Based on type, global breast implant market is divided into the saline implant, structured saline implant, form-stable implant, and silicone implant. Concerning application, the market is categorized into reconstructive surgery, and cosmetic surgery. In terms of end-user, the industry is segmented into cosmetology clinics, hospitals, and others.
From a regional standpoint, the market spans North America (U.S., Canada), Latin America (Brazil, Mexico), Europe (Spain, Italy, UK, France, Germany), and Asia Pacific (South Korea, India, Australia, China, Japan). Among these, North America held a significant market share in the past year and is reported to witness a high growth rate over the forecast period 2021-2027, because of increasing number of breast augmentation procedures, rising awareness about cosmetic surgeries, and high self-awareness among women across the region.
The competitive landscape of worldwide breast implant market is defined by companies such as Celplas PVC Ltd., Allergan plc, Groupe Sebbin SAS, Laboratoires Arion, Sientra Inc., Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Establishment Labs Holdings Inc., GC Aesthetics plc, and Silimed Inc. among others.