Market Highlights:
The Breast implant market Share 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.
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.
Regional Insights:
Geographically, the automated dispensing machines market span across regions namely, America, Europe, Asia Pacific, and the Middle East & Africa.
Considering the global scenario largest breast implants in the world, the American region is estimated to dominate the global automated dispensing machines market due to the presence of a well-developed healthcare infrastructure and surging expenditure on healthcare. The rising death rate in the recent years and favorable reimbursement policies due to medical errors are likely to contribute to the market growth in this region. As per a data published in the British Medical Journal, there have been 250,000 deaths per years.
The European region is likely to occupy the second spot in the global market. The growth can be ascribed to the increasing geriatric population across the world which has resulted in increased life-threatening and chronic diseases. Pharmacies and hospitals have thereby started to adopt new pharmacy automation technologies in order to improve the safety of the patients and reduce the operating costs.
The Asia Pacific region is likely to expand at the fastest rate during the appraisal period. The presence of a huge patient population base, rising funding by the government for the healthcare sector, and constantly developing nations in this region has led to the market growth.
Key Players:
Some of the key players in the global breast implants market are Allergan (Actavis), Sientra Inc., GC Aesthetics, Mentor Worldwide LLC, Establishment Labs S.A., Polytech Health & Aesthetics GmbH, GROUPE SEBBIN SAS, Hans Biomed Co. Ltd., Laboratoires Arion, Shanghai Kangning Medical Supplies Ltd., CEREPLAS, Ideal Implant Inc., Shanghai Kangning Medical Device Co. Ltd. and Guangzhou Wanhe Plastic Materials Co. Ltd.
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