Breast Implants Market: Overview
The market for breast implants was worth USD 1,982.5 million in 2021, and it is anticipated to expand at a compound annual growth rate (CAGR) of 7.1%. The desire to improve physical attractiveness is increasing, fueling industry expansion worldwide. The rising desire for cosmetic procedures has led to a significant evolution in breast implantation surgery. The breast implantation market's revenue is mostly driven by women who value improving their aesthetic appeal. According to the FDA, women over the age of 18 are permitted to get breast augmentation procedures. Another key factor boosting the expansion of this market is the rising incidence of breast cancer. In extreme circumstances, this condition can be prevented by undergoing a mastectomy, which entails the removal of the entire organ. Reconstruction of this organ is also a viable alternative for treating this illness. Reconstructing the excised organ's form is the goal of this technique. As a result, there will soon be greater demand for breast implantation due to the increase in reconstruction cases.
Breast augmentation is one of the top 5 cosmetic surgeries performed in the United States, according to the American Society of Plastic Surgeons (ASPS). The ASPS reported that 279,143 procedures involving the augmentation of this organ had been performed in the country. Since there are so many of these situations, it is anticipated that the market for breast implants will continue to expand quickly in the years to come. Additionally, the market for breast implants is positively impacted by an increase in healthcare spending, an increase in public health initiatives to address female health issues, an increase in population, an increase in disposable income, and an increase in awareness of cosmetic surgery. The development of 3D-printed implants provides market participants with lucrative opportunities over the projection period. In July 2022, CollPlant, a regenerative and aesthetics medicine company developing innovative technologies and products for tissue regeneration and organ manufacturing, announced today the start of a large animal study for its 3D bioprinted regenerative breast implant program, which aims to address the $2.8 billion global breast implant market.
Breast Implants Market: COVID-19 Impact
The COVID-19 epidemic has impacted the global healthcare industry. The pandemic has significantly impacted the medical equipment market, both highs and lows. On the one hand, the demand for ventilators and personal protective equipment (PPE) has grown quickly, while medical equipment, implants, injectables, stents, and other products are decreasing. Significant variables in this situation include supply chain disruptions, elective surgery delays, and cancellations. Additionally, cosmetic surgeons had chosen breast augmentation procedures due to the risk of transmitting coronavirus infection, as the patient would have a weakened immune system. According to the America Society of Plastic Surgeons, 287,085 breast augmentation operations were performed in 2019, decreasing to 193,073 in 2020. The market for both silicone and saline implants has consequently declined dramatically.
Breast Implants Market: Drivers
Increase in Breast Augmentation Surgeries to Drive Market’s Growth
The market for breast implants is expected to be driven in the near future by the rise in the number of people having breast augmentation procedures to increase the size of their breasts. The demand for and use of these implants are significantly rising due to the growing acceptance of breast augmentation to attain a more natural appearance, which is driving market expansion. In 2021 (+44%), 365,000 breast augmentations were carried out. Additionally, 148,000 women had their implants redone after removal (up 32% from 2020). People's average lifespan has increased due to breast implant medical technology developments. More women are choosing cosmetic operations like breast augmentation to maintain proper body structure due to their greater longevity. Market expansion is anticipated to be fueled by breast augmentation operations' capacity to enhance breast fullness and projection and increase self-image and self-confidence.
Demand for Breast Implants to Increase due to Increasing Breast Cancer Prevalence
Breast cancer is the greatest cause of death worldwide. In 2020, there were 2,261,419 new cases of cancer diagnosed in women worldwide. One of the main factors fueling the growth of the global breast implant market's revenue is the rising incidence of breast cancer. Breast mastectomy, or the surgical removal of one or both breasts, has increased in popularity due to the rising incidence of breast cancer, which has also led to an increase in the number of women having breast augmentation procedures. Over the forecast period, the worrisome rise in breast cancer prevalence is anticipated to fuel market growth for breast implants worldwide.
Breast Implants Market: Restraints
Complications Related to Breast Augmentation Surgery and Higher Cost to Hamper Market’s Growth
Breast implants are not permanent, and having breast implant surgery may raise the likelihood that there will be issues that, at some point, require the removal of the implants. Commonly reported complications to include tightening of the implant's surrounding area (capsular contracture), which may necessitate additional surgeries or even the removal of the implant. Breast augmentation treatments are typically too pricey and out of their price range for women with medium and lower income levels. This deters some women from undergoing breast implant operations. Availability varies among societies according to levels of individual disposable income. The increasing cost of breast implant treatments is thus one of the main factors preventing the market for breast implants from expanding.
Breast Implants Market: Segment Overview
With Continuously Improvement in Texture and Feel, Silicon Implant Market to Dominate Market
The market for silicone breast implants is anticipated to develop at the fastest rate over the forecast period. The main drivers of this segment's growth are the rise in breast augmentation treatments and public awareness of cosmetic surgery. These implants are made of silicone gel, which closely resembles the texture of human fat and gives the breast tissue a natural appearance and feel. Furthermore, their makeup makes them less likely to wrinkle and ripple. Silicone implants are frequently used in breast augmentation treatments to improve the breasts' overall attractiveness while preserving a natural appearance and feel.
Additionally, recent advancements in silicone implants are expected to increase the popularity of breast implants. Innovative silicone implants have made it possible to choose from many implant sizes and profiles to fit the patient's body. In May 2021, GC Aesthetics Inc., a silicone breast implant producer, announced the release of PERLE, a smooth breast implant with patented surface technology dubbed BioQ. Therefore, the market is anticipated to expand throughout the projected period due to the increased demand for silicone-based breast implants.
Round Shape Breast Implants to Dominate Market due to Enhanced Contours and Appearance
In terms of form, round implants accounted for the largest sales share. Their rounded features make them good candidates for breast augmentation. These devices usually have compressed spherical appearances. As a result, there was a huge market for these goods, which aided in the industry's growth. These implants tend to provide the appearance of fuller breasts, which helps achieve greater projection. Rapid advancements in round breast implants have produced a wide range of implants that plastic and reconstructive surgeons can use to improve patient outcomes. Round implants are natural because the filler is dispersed uniformly throughout the chest. Because they are symmetrical, round implants do not interfere with rotation. As a consequence, even surgeons choose circular implants over anatomical implants. Arion Laboratoires offers a wide variety of round breast implants.
Breast Implants Market: Regional Landscape
North America to Dominate Market due to Increase Healthcare Expenditure
North America dominated the market due to growing healthcare spending in the United States and increased demand for cosmetic surgery operations brought on by the enhancement of aesthetics in the region. Additionally, it is anticipated that the increased incidence of breast cancer in this region will aid market expansion. According to the GLOBOCAN 2020 study, there were 253,465, 28,026, and 29,929 new cases of breast cancer in the United States, Canada, and Mexico, respectively, in 2020. As a result, it is anticipated that North America will account for a sizeable portion of the breast implant market throughout the forecast period. The market development is also mostly attributable to various variables, including increased qualified plastic surgeons and the popularity of breast augmentation treatments. Approximately 6,900 plastic surgeons were practicing in the United States as of 2019, according to the International Society of Aesthetic Plastic Surgery (ISAPS) study. The significant demand for cosmetic procedures, such as breast augmentation surgery, is driving the number of plastic surgeons. Additionally, in recent years, the cost of breast implant therapy decreased significantly, significantly increasing the use of these implants.
Asia-Pacific is anticipated to have significant growth during the projected period due to the rising disposable income in developing nations. Factors like rising breast cancer incidence rates in the Asia Pacific and an increase in breast augmentation procedures in Asian nations can be linked to the expansion of the Asia Pacific breast implant market. The incidence rate of breast cancer reached 13.5% in India, per the report. Patients who have undergone breast reconstruction surgery can be encouraged by this factor to regain breast volume and form. The need for cosmetic surgery has expanded significantly due to the Asia Pacific region's rapid economic development. The most popular cosmetic operation in Asia is breast augmentation. A rise in breast cosmetic surgery has been seen in Asia for purely aesthetic reasons. With over 5.2 thousand surgical treatments, breast augmentation was Japan's most popular breast cosmetic surgery in 2020. The removal of breast implants came next, totaling about 885 operations. Approximately 6.5 thousand breast cosmetic procedures were carried out nationwide in that year. Thus resulting in the regional market's expansion.
Global Breast Implants Market: Competitive Landscape
In October 2020, GC Aesthetics Inc., a silicone implant manufacturer, announced the release of PERLE, a next-generation smooth breast implant with a patented surface technique called BioQ, GCA's industry-leading gel technology (EmunomicTM Breast Tissue Dynamic Gel), and an enhanced version of the safety features that have underpinned GCA's long-term excellent safety record. For instance, In June 2020, Allergan Aesthetics, a division of AbbVie Inc., announced the launch of a digital campaign to improve device monitoring, identification, and reach out to patients who have Allergan BIO CELL breast implants and to educate them about the risks of breast implant-associated anaplastic large cell lymphoma (BIA-ALCL).
Few of the players in the Breast Implants Market include Mentor Worldwide LLC; PMT Corporation; Allergan plc; Sientra, Inc.; GROUPE SEBBIN SAS; Guangzhou Wanhe Plastic Materials Co., Ltd.; KOKEN CO., LTD.; GC Aesthetics; POLYTECH Health & Aesthetics GmbH
Global Breast Implants Market is Segmented as Below:
Key Elements Included In The Study: Global Breast Implants Market
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