The global Breast Implants Market is estimated to be valued at US$ 1411.38 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Breast implants are medical devices that are implanted under the breast tissue or chest muscle to increase the size or change the shape of the breasts. The most common reasons that women get breast implants include breast development after weight loss, birth defects, or aging.
Market key trends:
One of the key trends in the breast implants market is the rising demand for silicone breast implants. Silicone breast implants have gained significant popularity over saline breast implants due to their appearance and feel. They have a more natural "bounce and jiggle" when compared to saline implants. They also do not leak or deflate like saline implants. However, they can sometimes cause other types of complications like silicone toxicity and granulomas. Manufacturers are focusing on developing new advanced silicone breast implants with lower rates of complications to capitalize on this rising demand.
Segment Analysis
The global breast implants market is dominated by silicone breast implants. Silicone breast implants account for over 80% of the total market share owing to their life-like feel and appearance. Silicone breast implants offer a more natural look and feel for breast augmentation as compared to saline breast implants. Their elastic properties help mimic the natural breast tissue closely.
Key Takeaways
The Global Breast Implants Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing number of breast augmentation surgeries worldwide.
Regional analysis
North America dominates the global breast implants market, accounting for over 35% of the total market share. This is attributed to the growing adoption of aesthetic breast augmentation procedures in the US and Canada. Asia Pacific exhibits the fastest growth in the breast implants market over the forecast period due to increasing medical tourism for cosmetic procedures in countries like Thailand, South Korea, and India.
Key players
Key players operating in the breast implants market include Abbvie, Inc, CEREPLAS, Establishment Labs S.A., GC Aesthetics, GROUPE SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co., Ltd., HansBiomed Co., Ltd., Ideal Implant Inc, Laboratoires Anios, Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Device Co., Ltd, Sientra, Inc., and Silimed. These companies account for over 65% of the global market share owing to their extensive product offerings and global market presence.
Read More: https://www.ukwebwire.com/breast-implants-market-size-share-and-growth-forecast-2023-2030/
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