Breast Implant Market to Grow by USD 595.9 Million from 2024-2028, Driven by Rising Breast Cancer Rates and AI-Driven Market Transformation - Technavio
NEW YORK, Nov. 5, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global breast implant market size is estimated to grow by USD 595.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.3% during the forecast period. Increasing prevalence of breast cancer is driving market growth, with a trend towards organic and inorganic strategies opted by market players. However, complications associated with use of breast implants poses a challenge.Key market players include AbbVie Inc., BellaSeno GmbH, CollPlant Biotechnologies Ltd., DONASIS BIO LABO, Establishment Labs Holdings Inc., Consolidated Aesthetics Ltd., Groupe SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co. Ltd., Johnson and Johnson Services Inc., Laboratories Arion, PMT Corp., POLYTECH Health and Aesthetics GmbH, Sientra Inc., Silimed Industria de Implantes Ltd., Technomed India Pvt. Ltd., and Trulife.
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Breast Implant Market Scope
Report Coverage
Details
Base year 2023
Historic period
2018 - 2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 5.3%
Market growth 2024-2028
USD 595.9 million
Market structure
Fragmented
YoY growth 2022-2023 (%) 4.7
Regional analysis North America, Europe, Asia, and Rest of
World
(ROW)
Performing market contribution North America at 47%
Key countries US, China, France, Canada, and Germany
Key companies profiled AbbVie Inc., BellaSeno GmbH, CollPlant
Biotechnologies Ltd., DONASIS BIO LABO,
Establishment Labs Holdings Inc., Global
Consolidated Aesthetics Ltd., Groupe SEBBIN
SAS, Guangzhou Wanhe Plastic Materials Co.
Ltd.,
Johnson and Johnson Services Inc.,
Laboratories
Arion, PMT Corp., POLYTECH Health and
Aesthetics GmbH, Sientra Inc., Silimed
Industria de
Implantes Ltd., Technomed India Pvt. Ltd.,
and
Trulife
Market Driver
Vendors in the breast implant market are implementing strategic initiatives to enhance their market position and broaden their global reach. These strategies include mergers and acquisitions, partnerships, product launches, and supply chain consolidation. For instance, POLYTECH Health Aesthetics collaborated with AMSilk GmbH in 2018 to conduct clinical studies on silk-coated silicone breast implants. In 2019, BellaSano signed a long-term agreement with Evonik's RESOMER to develop innovative breast implant technology. Additionally, companies are expanding their manufacturing capabilities to cater to growing demand. Sientra's launch of a new research and innovation center in 2018 is a testament to this trend. Key players in the market are also pursuing regulatory approvals to introduce new implant types and expand their product offerings. These organic and inorganic growth strategies are anticipated to fuel the expansion of the global breast implant market.
The Breast Implant Market is witnessing significant growth due to increasing trends in breast augmentation surgeries. Body image concerns and sexual function enhancement are key drivers. However, the market faces challenges from conditions like hypomania and breast cancer, which account for a high number of female cancer diagnoses. Companies like CollPlant Biotechnologies and Motiva Implants lead with innovative silicone implants, while cosmetic surgeries continue to dominate. Obesity rates and regulatory approvals impact market size. Round-shaped and anatomical-shaped implants cater to esthetic appeal in cosmetic procedures. The hospital segment and cosmetology clinics are major consumers, with elective surgery, reconstructive procedures, and mastectomies driving demand. Supply chain interruptions and patient safety concerns are crucial. Middle-income and high-income families, with purchasing power, flexible spending, and reimbursement rates, are the primary consumers. The market encompasses various medical equipment, health devices, and personal protective equipment for surgical treatments.
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Market Challenges
-- Breast implant complications significantly impact the global breast
implant market, influencing patient satisfaction, safety perceptions,
and market dynamics. Physical issues, such as pain, swelling, bleeding,
infection, capsular contracture, and implant rupture, are common
concerns. Silent ruptures in silicone implants can lead to undetected
complications. Aesthetic concerns include dissatisfaction with
asymmetry, visible wrinkling, and changes in breast shape. Serious
health risks include breast implant-associated anaplastic large-cell
lymphoma (BIA-ALCL), a rare cancer linked to textured implants.
Additionally, some patients report systemic symptoms like fatigue, joint
pain, and cognitive issues, collectively referred to as "breast implant
illness." Other concerns include inadequate milk supply for
breastfeeding and the presence of platinum toxic material in breast milk
after implantation. These complications may hinder the growth of the
breast implant market during the forecast period.
-- The Breast Implant Market faces several challenges in various segments.
Elective surgeries, including breast implants, have been impacted by the
COVID-19 pandemic, leading to supply chain interruptions and patient
safety concerns. The hospital segment and cosmetology clinics have been
affected by the reduction in elective surgeries due to personal
protective equipment shortages and socioeconomic factors. The demand for
saline implants and round-shaped implants remains high for cosmetic
procedures, while anatomical-shaped implants are preferred for
reconstruction purposes. Reimbursement rates and purchasing power
influence the affordability of breast implants for middle-income
families and high-income families alike. Incidence rates, regulatory
changes, and vaccine research impact the market dynamics. Developing
regions face supply shortages and panic buying, while medical tourism
and skilled nursing facilities offer opportunities for growth. Aesthetic
plastic surgeons, dermatology clinics, and ambulatory surgical centers
contribute to the market's growth in healthcare infrastructure. The
market for breast implants includes saline and silicone implants, used
for both cosmetic and reconstructive surgeries. The market is influenced
by factors such as patient safety, surgical treatments, health devices,
and cosmetic applications. Regulation changes and vaccine research
continue to shape the market landscape.
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Segment Overview
This breast implant market report extensively covers market segmentation by
1. Product
-- 1.1 Silicone breast implants
-- 1.2 Saline breast implants
2. Application
-- 2.1 Breast cosmetic surgery
-- 2.2 Breast reconstruction surgery
3. Geography
-- 3.1 North America
-- 3.2 Europe
-- 3.3 Asia
-- 3.4 Rest of World (ROW)
1.1 Silicone breast implants- The Breast Implant Market has shown consistent growth due to increasing consumer awareness and acceptance. Companies are focusing on producing high-quality, safe implants to meet the rising demand. Advanced technologies, such as silicone and saline implants, are driving market expansion. Key players include Allergan, Sientra, and Mentor WorldWide LLC. These companies are investing in research and development to innovate and improve their product offerings. The market is expected to continue growing, with a CAGR of 6.5% from 2021 to 2028.
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Research Analysis
The Breast Implant Market refers to the global industry dedicated to producing and supplying breast implants for cosmetic and reconstructive surgeries. These implants are used to enhance physical appearance, address body image concerns, and in some cases, restore breast tissue after mastectomy or reconstruction surgery due to breast cancer or other female cancers. The market includes various types of implants such as silicone and saline, with cohesive silicone gel being a popular choice due to its natural feel. The market is driven by increasing obesity rates, regulatory approvals, and the growing demand for cosmetic procedures. The use of breast implants goes beyond esthetic appeal, as some women report improved sexual function and mood enhancement. The market caters to various segments, including hospitals and aesthetic plastic surgeons, and involves the production of medical equipment and personal protective equipment. While key players and companies are not mentioned, it's important to note that they play a significant role in shaping the market trends and innovations. Hypomania, a condition characterized by excessive energy and euphoria, has been linked to some women after breast augmentation surgery, but more research is needed to understand the connection. The market faces challenges such as potential health risks, including the risk of breast implant illness, and the high cost of procedures.
Market Research Overview
The Breast Implant Market encompasses a wide range of products and services related to breast augmentation, primarily driven by the desire for improved body image and sexual function. The market includes various types of implants, such as round-shaped and anatomical-shaped, made of cohesive silicone gel or saline. The demand for breast implants is influenced by factors like obesity rates, regulatory approvals, and socioeconomic status. The market caters to both cosmetic and reconstructive purposes, with applications in hospitals, cosmetology clinics, and ambulatory surgical centers. The supply chain is subject to interruptions due to factors like supply shortages, regulation changes, and panic buying. Patient safety and surgical treatments are of utmost importance in this market. The market includes various medical equipment and personal protective equipment used in elective surgeries, including breast implant surgeries. The market is expected to grow in developing regions due to increasing awareness and purchasing power, as well as flexible spending and disposable income among middle-income and high-income families. The market also includes breast reconstruction surgeries for female cancer diagnoses and hypomania, as well as vaccine research and various cosmetic applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
-- Product
-- Silicone Breast Implants
-- Saline Breast Implants
-- Application
-- Breast Cosmetic Surgery
-- Breast Reconstruction Surgery
-- Geography
-- North America
-- Europe
-- Asia
-- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
