Breast Implants Market Prognosticated For A Ravishing Growth By 2026
Breast
implants are artificial surgery prosthesis made of either
silicone gel, silica or saline solutions. The procedure for breast
implantation, also known as breast augmentation, involves
reconstruction of breasts to improve the effects of mastectomy or
other damages to breasts or enlarging breast for cosmetic and
aesthetics. Breast implant and its reconstruction requires tissue
expanders that helps in expansion of breast muscles and skin. A
permanent breast implant is inserted post removal of the tissue
expander. Breast implant procedure is performed mostly on an
outpatient basis, which takes only an hour or two to finish the
implantation process. However, the surgery time can be extended
depending on the patient’s condition of breasts, the type of
implant to be used, and other factors.
The global breast
implants market was valued at US$ 1,121.3 million in 2016 and is
expected to witness a robust CAGR of 5.1% over the forecast period
(2017–2025).
Market Dynamics:
Major factor driving
growth of the breast implants market is increasing consumer
inclination towards breast enhancement for improving aesthetic appeal
through cosmetic surgeries. According to American Society of Plastic
Surgeons, 2016, around 99,614 breast lift surgeries were performed in
the U.S. in 2015, witnessing a rise of 89% since 2000. Moreover, the
AASPS, 2016, also suggested that breast augmentation was the most
frequently performed cosmetic surgery in the U.S. with over 270,000
procedures performed in 2015. Additionally, rising incidence of
breast cancer is also one of the major factors for which females
undergo breast implant surgeries after breast removal procedures.
This helps women in attaining the natural shape of their breasts.
According to Cancer Research UK, 2016, breast cancer accounted for
almost 15% of total cancer cases in the U.K. in 2015. However, risk
factors such as deflation and capsular contracture of the implants
are expected to be factors hindering the market growth.
However, unfavorable
reimbursement policies and implant failures are factors expected to
hinder growth of the global breast implants market.
Global Key
Players:
Major players
operating in the global breast implants market include
Allergen,
Inc.,Mentor Worldwide LLC,GC Aesthetics Plc,Sientra, Inc.,POLYTECH
Health ,Aesthetics GmBH,Establishment Labs S.A.,LABORATORIES
ARION,HANSBIOMED Co. Ltd.,Groupe Sebbin SAS,GG Biotechnology Ltd.
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Detailed
Segmentation:
Global Breast
Implants Market, By Implant Type:
Silicone Breast
Implants,Saline Breast Implants
Global Breast
Implants Market, By Shape:
Round,Anatomical
Global Breast
Implants Market, By Application:
Reconstructive
Surgery, Cosmetic Surgery
Global Breast
Implants Market, By End User:
Hospitals,Cosmetic
Clinics
Global Breast
Implants Market, By Geography:
North America,Latin
America,Europe,Asia Pacific,Middle East,Africa
Increasing
Awareness Regarding One’S Aesthetics Is Expected To Be Major Factor
For Fuelling The Market Growth:
Breast implantation
surgery is majorly performed on women to enhance their physical
appearance. Reconstruction includes surgical treatments for breasts,
to make them look appealing and youthful. Breast implantation
procedures are also performed after mastectomy or patients treated
with breast cancer to increase aesthetic appeal. According to the
American Society of Plastic Surgeons (ASPS), 2015, nearly 100,000
breast implantation procedures were conducted in the U.S. and this
number is expected to increase significantly. North America is
expected to be dominant in the breast implants market, owing to
increasing number of cosmetic procedures performed annually, rising
number of clinics, and wide availability of skilled specialists.
According to the
National Clearinghouse of Plastic Surgery Procedural Statistics 2016,
breast augmentation procedures witnessed an increase of 4% in the
number of surgeries performed in 2016 as compared to the surgical
procedures performed in 2015. The statistical data also suggests that
the number of breast implantation surgeries were common among all the
female age groups that are 18 years and above. Moreover, Asia Pacific
is expected to exhibit high growth, owing to reduced cost of
implantation procedures, leading to rise of medical tourism in Asian
countries such as India, China, and other South-east Asian economies.
For instance, according to IndiCure Health Tours Pvt. Ltd.- an Indian
Medical Tour consulting company, the cost of breast implant surgeries
performed in India is almost one-third of the cost for the procedures
in the U.S.
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