The size of the global breast implants market was estimated to be $3010 million in 2022, and it is expected to reach $4010 million by the end of 2030 with a CAGR of almost 6.5% between 2023 and 2030.
Breast Implants Market: Overview
The purpose of breast implants is to enhance both the size and shape of a woman’s breasts, making them an essential part of the breast augmentation procedure. According to reports, there is a growth in the need for breast implants as a result of evolving beauty standards, the growing fashion industry, and the rise in the need to boost the confidence and visual appeal of an individual in addition to improving their personality. All of these factors are contributing to the rise in the need for breast augmentation procedures. Recent advances in implant technology have led to the creation of natural implants, which in turn have contributed to an increase in the demand for these procedures in nations such as the United States and Canada.
Breast Implants Market: Growth Factors
An increase in breast augmentation surgeries will drive the direction of market trends worldwide.
The expansion of the global market for breast implants will be driven by a rise in the number of incidences of breast cancer as well as an increase in the prevalence of breast augmentation techniques. The rise of the businesses around the world will be bolstered by an increase in the number of people opting to undergo plastic and cosmetic surgery. According to the World Health Organization (WHO), in the year 2020, approximately three million women in the population were diagnosed with breast cancer, and nearly six hundred thousand of those women succumbed to the disease. To set the record straight, in the year 2020, about 23 percent of the female population in Asia was diagnosed with breast cancer.
Breast Implants Market: Segmentation
The market for breast implants around the world may be broken down into five different categories: product, material, process, end-user, and area.
Breast implants and tissue expanders constitute the two distinct product categories that make up the various sectors of the global market for breast implants. In addition, the breast implants sector, which accounted for over two-thirds of the total revenue generated by the global market in 2022, is anticipated to record the highest CAGR over the course of the subsequent years. It is possible that an increase in the number of breast augmentation surgeries, in conjunction with the commercialization of the product, was the cause of the expansion of the segment during the evaluation period. In the years to come, the expansion of the market will be fueled in large part by the availability of breast implants in a wide variety of sizes and shapes.
Breast Implants Market: Regional Insights
North America is prognosis to retain its numero uno position in the global breast implants market in the forecasting timeframe
North America, which contributed about 51% of the global breast implants market share in 2022, will be a dominating region over the assessment timeline. Furthermore, the regional market growth can be owing to supportive government compensation policies for breast reconstruction activities. Apart from this, the presence of key product manufacturers in countries such as the U.S. and Canada will promulgate the scope of the regional market in the coming years.
Breast Implants Market: Competitive Space
The global breast implants market profiles key players such as:
GROUPE SEBBIN SAS
Mentor Worldwide LLC
Establishment Labs S.A.
Guangzhou Wanhe Plastic Materials Co. Ltd.
Polytech Health & Aesthetics GmbH
Shanghai Kangning Medical Supplies Ltd.
HANSBIOMED CO. LTD.
The global breast implants market is segmented as follows:
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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