Breast Implants Market to reach USD 488 Million By 2023

Breast Implants Market to reach USD 488 Million By 2023
Performed using different types of breast implants, breast augmentation is an ideal option for women who want fuller breasts, to correct asymmetry, or restore breast volume and firmness lost due to excessive weight loss, pregnancy, aging, or other reasons. Plastic surgeons offering breast augmentation in Manhattan report that the number of patients opting to have the procedure is growing steadily. According to the latest annual report from the American Society of Plastic Surgeons (ASPS), up to 313,735 breast augmentation procedures were performed in 2018, up 4 percent from 2017.

The latest market research from Technavio estimates that the global breast implants market size will account for USD 488.06 million, at an accelerating CAGR of 6% during 2019-2023. The report, titled “Breast Implants Market by Product and Application – Global Forecast and Analysis 2019-2023”, estimated the year-over-year growth rate for 2019 as 5.40%.

Besides the growing demand for breast cosmetic procedures to enhance the breast appearance, symmetry, and proportion, the report identifies the other factors driving the global breast implants market as:

  • High success rate of the surgery
  • Less pain during the procedure
  • Reduced duration of hospital stay

The report notes that the rising popularity of gummy bear breast implants will be one of the critical trends of the market. Widely used in breast augmentation in Manhattan, gummy bear implants are highly cohesive silicone gel implants, made of high-strength silicone gel. These form-stable implants maintain their shape even when cut in half. They are less likely to wrinkle, fold, or ripple. The increased adoption of gummy bear implants in hospitals and clinics led to market growth at a CAGR of about 6% during the forecast period.

The Technavio Research Report segment the global breast implants market by product, application and region.

  • By Product (Silicone and Saline): Silicone and saline implants are the most popular options. These implants come in different sizes and shapes, and the most appropriate one is chosen in keeping with the patient’s requirements. Silicone implants are preferred over saline breast implants. According to the ASPS, silicone implants were used in 88% and saline implants in 12% of all breast augmentations in 2018. With silicone-gel breast implants, there is less wrinkling or rippling, and importantly, they offer natural-looking outcomes. The report says that the market share of silicone implants will increase, and will continue to dominate the market throughout the next five years.
  • By Application (Breast Reconstructive Surgery and Breast Cosmetic Surgery): Breast implant surgery can be done for a reconstructive purpose or a cosmetic purpose. Reconstructive purposes include restoring the breast volume post-weight reduction or pregnancy, and after a mastectomy. The goal of cosmetic is to enhance the aesthetic appearance of the body – to enhance breast volume and shape, correct asymmetry, and reshape the bust line.
  • By Region: On the basis of region, the market segmented as:
    • Asia
    • Europe
    • North America
    • ROW

According to the report, North America accounted for the largest breast implants market share in 2018 due to the well-equipped and established healthcare infrastructure in the region. North America’s contribution to the growth of the breast implants market size is expected to increase throughout the forecast period.

The report also provides information on leading breast implants providers such as Allergan Plc, Establishment Labs SA, GC Aesthetics Plc, Johnson & Johnson Services Inc., POLYTECH Health & Aesthetics GmbH and Sientra Inc.