The new report by Expert Market Research titled, ‘Global Breast Implants Market Report and Forecast 2021-2026’, gives an in-depth analysis of global breast implants market, assessing the market based on product type, application, end-use segment and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 384.4 Million
- Forecast CAGR (2021-2026): 9%
- Forecast Market Size (2026): USD 562.3 Million
Acute pandemic-related travel restrictions and global lockdowns imposed by the SARS-CoV-2 virus had a short-term impact on the breast implant business. Surgical procedures were delayed or cancelled due to limitations and lockdown, negatively impacting the breast implant market. During the COVID-19 period, American women’s interest and demand for cosmetic procedures rose, particularly breast implants and augmentation. For example, the American Society of Plastic Surgeons reported in April 2021 that 11% of questioned women preferred cosmetic surgery or non-surgical therapies to COVID-19. So, the market should recover quickly from the COVID-19 outbreak and continue to develop.
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Industry Definition and Major Segments
Breast implants are prosthetic devices used to increase the size, shape, or texture of the breasts. This can be accomplished by breast implantation surgery. During the procedure, breast-shaped bags made of silicone and filled with silicone gel or saline (known as implants) are inserted under the skin.
By product type, the breast implants market can be bifurcated into:
- Round breast implants
- Anatomical breast implants
Based on application, the industry can be broadly categorised into:
- Cosmetic Surgery
- Reconstructive Surgery
The industry, based on its end use, can be further divided into:
- Cosmetology clinics
- Ambulatory surgical centres
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Silicone implants are silicone shells filled with a viscous plastic gel (silicone) used for breast augmentation or reconstruction. They feel more natural than other types of implants, which is why they are preferred by most people considering breast implants. Also, new technological advances and enhancements in existing silicone breast implant products will drive the breast implant industry. Also, new technological advances and enhancements in existing silicone breast implant products will drive the breast implant industry.
North America dominates the breast implant market and is anticipated to continue to do so over the forecast period, owing to the region’s entertainment industries and women’s increased self-awareness. During the projection period, the US is predicted to be the region’s largest market for breast implants. For competitors in the breast augmentation industry, emerging countries such as China, Brazil, Mexico, and India present substantial prospects. In these nations, the demand for breast augmentation is rising due to the rapid expansion of medical tourism, the growing adult population (over the age of 20), and the rise in disposable money.
Key Market Players
The major players in the market are Allergan plc. (NYSE: AGN), Cereplas, GC Aesthetics PLC, Sientra, (NASDAQ: SIEN), Polytech Health & Aesthetics, Hans Biomed Corp., Mentor Worldwide LLC and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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