Breast Implant Market To Reach A CAGR Of 5.3% By 2026

The demand for cosmetic surgery and aesthetic implants has increased rapidly due to the importance women attach to physical appearance. Rated the most popular cosmetic surgical procedure by the American Society of Plastic Surgeons (ASPS), breast augmentation is a life-changing procedure for many women. Breast augmentation in New York City is performed using FDA-approved implants.

Breast Implant

The procedure helps fix breast abnormalities and restore breast volume and shape, improving a woman’s appearance and self-confidence. A recent Research and Markets report titled “Breast Implant Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” notes that the Breast Implant Market is expected to register a CAGR of 5.3% over the forecast period (2021-2026).

Also referred to as breast enlargement and mammaplasty, breast augmentation in NYC is an ideal option for women who want to:

  • Get fuller breasts
  • Correct asymmetry
  • Restore volume and firmness lost due to excessive weight loss, pregnancy, aging, or other reasons

Per the Research and Markets report, the COVID-19 pandemic had a short-term impact on the breast implant market. This impact was witnessed primarily in the initial phase of the pandemic when the whole world went into lockdown and travel restrictions were imposed to curb the spread of the coronavirus. Due to these restrictions and lockdown, ongoing and scheduled surgical procedures were delayed or canceled, which impacted the breast implant market negatively. Nevertheless, the interest in and demand for cosmetic surgery kept increasing during this period among women in the United States. According to the April 2021 survey report by the American Society of Plastic Surgeons (ASPS), 11% of the surveyed women were more inclined towards cosmetic surgery or non-surgical procedures more than before the pandemic. Therefore, the market is expected to recover soon from the impact of the COVID-19 pandemic and grow in the future.

Women can choose from various types of breast implants such as:

  • Saline
  • Silicone
  • Gummy bear
  • IDEAL implants

Available in different sizes and shapes such as tear-drop, or round and with textured and smooth surfaces, these implants or medical devices are designed to fit any woman’s breasts and body type. Besides aesthetic purposes, breast implant surgery is performed to correct congenital abnormalities or for reconstructive purposes, such as restoring the breast volume post-weight reduction or pregnancy, and after a mastectomy.

The factors driving the breast implants market are identified as:

  • Rising Prevalence of Breast Cancer: One of the major factors for the growth of the breast implant market is the rising prevalence of breast cancer around the world. According to the GLOBOCAN 2020 report, breast cancer surpassed the lung cancer and became the most diagnosed cancer around the world. As breast implant surgery can be done for reconstructive purposes too, this is fueling the demand for breast implants.
  • Growing Inclination towards Cosmetic Breast Augmentation: Another factor which will boost the growth of the breast implant market is the increasing inclination and awareness of women around the world towards breast augmentation and reconstruction procedures for cosmetic purposes.
  • New Product Launches, Collaborations, and Mergers and Acquisitions: Market players are also helping the expansion of the market by continuously working towards better and efficient solutions and evolving the life of available products through new product launches, collaborations, and mergers and acquisitions.

The report identifies the major restraining factors for the growth of the breast implant market as post-surgery complications and risks associated with the breast implants along with high costs associated with the implant. There are also misconceptions about post-surgical complications and risks of breast implant surgery.

As per the report, the breast implant market is segmented:

  • By Type
    • Silicone Implants: This implant type is expected to be occupying major share in the market over other types in the forecast period, because, compared to other types of implants, they feel more natural breast tissue which is the major reason why it is the preference of the majority of people seeking breast implants as compared to other kinds. Also, the new technological advancements and improvements in the existing products of the silicone breast implant for breast augmentation and reconstruction will boost the growth of the breast implant market.
    • Form-stable implant
    • Saline implant
    • Structured saline implant
  • By Application
    • Reconstructive surgery
    • Cosmetic surgery
  • By End-User
    • Hospital
    • Cosmetology clinics
    • Others
  • By Geography
    • North America (U. S., Canada and Mexico)
    • Europe (Germany, France, U.K., Italy, Spain and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific)
    • South America (Brazil, Argentina, and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally.

North America is expected to dominate the breast implants market through the forecast period, as it holds a major share of the breast implant market. It is expected to show a similar trend over the forecast period mainly due to the high demand for breast augmentation surgeries due to the presence of entertainment industries in the region and self-awareness among women.