Increasing Disposable Income Set to Encourage Growth of Breast Implants Market
Global Breast Implants Market: By Product (Silicone implants, Saline implants, Smooth Breast implants, Round implants), Shape (Anatomical, Round), Application (Breast Reconstruction, Breast Augmentation), End-User (Clinics) –Global Forecast Till 2027
Market Synopsis:
Breast implant surgeries are gaining traction, owing to several factors. The global breast implants market is anticipated to exhibit a healthy CAGR over the review period 2018 to 2023. Rising demand for aesthetic surgeries, in conjunction with developments in healthcare technologies, is projected to drive market growth over the next couple of years.
Key players are emphasizing on the development of advanced materials that enhance the efficiency of the surgery is likely to boost the revenue growth of the breast implants market in the years to come. In addition, investments are also being made into research & development for bringing innovations. This, in turn, is expected to catapult the breast implants market on upward trajectory.
The rising influence of social media is likely to have a major impact on the expansion of the market in the nearby future. Also, rising disposable income is poised to open new avenues of growth for the market players. The availability of cost-efficient surgery options and increasing growth of medical tourism are anticipated to propel the expansion of the breast implants market in the upcoming years. However, on the contrary, high cost of these surgeries remains an impediment to market growth.
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Regional Analysis:
The geographical assessment of the global breast implants market encompasses four regions - Europe, Asia Pacific, Americas, and the Middle East & Africa (MEA). North America is expected to hold the most significant share of the global market. Early adoption of advanced medical technologies is expected to drive the growth of the breast implants market in the region over the next few years. Also, the expansion of the healthcare sector is also projected to boost the revenue growth of the market over the next couple of years.
Europe has gained popularity as a destination for aesthetic surgeries. It is anticipated to boost the revenue generation of the breast implants market in the region over the next couple of years. Asia Pacific is likely to witness substantial growth in the upcoming years owing to rapid developments in the healthcare sector.
Market Segmentation:
The segments of the global breast implants market, based on product, are silicone breast implants, structured saline breast implants, saline breast implants, round breast implants gummy bear breast implants, textured breast implants, and smooth breast implants.
On the basis of shape, the breast implants market has been bifurcated into round and anatomical.
Breast augmentation and breast reconstruction are the two segments of the breast implants market based on application.
On the basis of end-users, the global breast implants market has been segmented into hospitals, cosmetic centers, clinics, ambulatory surgical centers, and others.
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Competitive Dashboard:
The share analysis of the breast implants market has been covered in this MRFR report, which has studied some of the key players expected to contribute to market growth in the years to come. These players include Allergan (Actavis), Sientra Inc., Mentor Worldwide LLC, GC Aesthetics, Establishment Labs S.A., GROUPE SEBBIN SAS, Polytech Health & Aesthetics GmbH, Hans Biomed Co. Ltd., Shanghai Kangning Medical Supplies Ltd., Laboratoires Arion, CEREPLAS, Shanghai Kangning Medical Device Co. Ltd., Ideal Implant Inc., and Guangzhou Wanhe Plastic Materials Co. Ltd.
The landscape is likely to remain highly competitive over the next couple of years. Market participants are resorting to growth strategies such as mergers & acquisitions, product innovation, research & development, collaborations, partnerships, agreements, etc. Rising investments in the breast implants market are also poised to unleash developmental opportunities for the market players that are expected to lead the expansion of the market in the years to come. Also, an increasing number of clinical trials and government approvals are anticipated to influence the expansion of the breast implants market positively over the forecast period.
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