Breast Implant Market, Size, Global Forecast 2023-2027, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Breast Implant Market, Size, Global Forecast 2023-2027, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Globally, Breast Implant market is expected to generate US$ 2,866.7 Million by 2027, as per Renub Research. Breast implants are a kind of medical device that are inserted beneath the breast tissue or chest muscle to either enlarge breast size (augmentation), replace breast tissue that has been lost owing to cancer or trauma, failed to develop normally as a result of a severe breast deformity, or both (reconstruction). In addition, they are also utilized in revision procedures, which aim to modify or correct the outcome of a prior procedure.

Breast Implant Market is expected to expand at CAGR of 6.55% during the forecast period (2022-2027):

The key drivers expanding the breast implant market are the rising importance of physical appearance and the expanding availability of attractive, cohesive silicone breast implants. Moreover, the market is expanding due to the increased incidence of breast cancer and the availability of a wide range of breast implant choices. Additionally, the introduction of new products and technological developments that enable visualization are also anticipated to accelerate market expansion. For instance, PERLE, a highly revolutionary range of smooth breast implants with proprietary surface technology, was introduced in December 2021 by GC Aesthetics, Inc (GCA), a privately held medical technology business delivering aesthetics solutions for the worldwide healthcare market.

By Material, Silicon holds the Highest Market Share:

Based on material, breast implant market is divided intosilicon and saline. Silicon holds the majority of the market share. These implants are made of silicone gel, closely resembling human fat's texture. The breast tissue has a natural-looking appearance and feel due to which it holds the majority of the market share. In breast augmentation and cosmetic surgery operations, silicone implants are widely used to improve breast aesthetics overall while retaining a natural appearance and feel. Additionally, silicone tends to wrinkle less which is another factor driving silicon breast implant demand.

Breast Implants are largely used in Cosmetic Surgery:

In 2021, cosmetic surgery accounted for a significant revenue share by application. The expanding cosmetic industry's development drives the growth of breast implant in cosmetic surgery to improve aesthetic appeal. Breast augmentation treatments used in cosmetic surgery enhance the breast's look.

By end user, hospitals dominate the breast implant market:

Due to the accessibility of trained and board-certified surgeons, the increased focus on offering high-quality surgical care, and increased efficiency, hospitals hold the largest market share in the breast implant market. Furthermore, the preference for breast implant treatments in hospitals rises with easy access to novel technologies. Similarly, extensive post-surgical care and ongoing observation provided in hospitals are anticipated to increase patient choice during the forecast period.

Europe holds a significant market share by region:

In the breast implant market Europe holds a significant market share. Over the forecast period, it is anticipated to show a similar trend, mainly as a result of the high preference for silicone implants, rising consumer demand for cosmetic surgeries, and active government measures to inform people about the many types of implants available for breast enlargement are all expected to drive market expansion in Europe. Furthermore, America will also hold a significant market share during the forecast period.

Covid-19 impact on Breast Implant Market:

The COVID-19 pandemic had a short-term effect on the breast implant market, particularly during the initial wave of the pandemic when the entire world was placed under lockdown and other travel restrictions to stop the spread of the SARS-CoV-2 viral infection. Due to the restrictions and lockout, the ongoing and scheduled surgical procedures were delayed or cancelled, which had a detrimental effect on the breast implant market. However, interest and demand rose after the Covid-19 limitations were loosened. As per Renub Research, breast implant market was US$ 1,959.1 Million in 2021.

Key Players Analysis:

Johnson & Johnson, Koken Co. Ltd., Establishment Labs Holdings Inc., Abbvie, Sientra Inc., and Hansbiomed Co. Ltd. are the leading competitors in the Breast Implant Market. Further, these organizations employ various techniques to drive their company portfolio worldwide, including innovative product releases and R&D.

Renub Research latest report “Breast Implant Market Global Forecast by Material (Silicon, Saline), by Application (Cosmetic Surgery, Reconstruction Surgery), by End User (Hospitals, cosmetology clinics and ambulatory service centre), by Region (America, Europe, Asia Pacific and Middle East &Africa), Key Players Analysis (Johnson & Johnson, Koken Co. Ltd., Establishment Labs Holdings Inc., Abbvie, Sientra Inc., and Hansbiomed Co. Ltd.)"" provides a detailed analysis of Breast Implant Market.

Material

1. Silicon
2. Saline

Application

1. Cosmetic Surgery
2. Reconstruction Surgery

End User

1. Hospitals
2. Cosmetology Centres
3. Ambulatory Service Centres

Region

1. America
2. Europe
3. Asia Pacific
4. Middle East & Africa

Key Players Analysis

1. Johnson & Johnson
2. Koken Co. Ltd.
3. Establishment Labs Holdings Inc.
4. Abbvie
5. Sientra Inc.
6. Hansbiomed Co. Ltd.