Global Breast Implants Market to Surpass US$ 1.8 Billion by 2025 - Coherent Market Insights

The Global Breast Implants Market, by implant type (silicone breast implants and saline breast implants), by shape (round and anatomical), by application (reconstructive surgery and cosmetic surgery), by end user (hospitals and cosmetic clinics), and by region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 1,121.3 million in 2016 and is projected to exhibit a CAGR of 5.1% over the forecast period (2017 – 2025). The breast implants market is expected to gain significant traction with increasing incidence of breast cancer and rising adoption of cosmetic and aesthetic procedures worldwide. According to breastcancer.org 2018, approximately 1 in 8 women which accounts for up to 12.4% of total female population, develops invasive breast cancer over the course in her lifetime.

Initiatives for assurance of product safety as well as launch of new devices to drive the global breast implants market growth

Rapid product developments by manufacturers that are approved by the FDA are factors augmenting growth of the global breast implants market. For instance, in May 2016, Sientra, Inc. received an FDA approval for four new breast implants that have additional profiling and sizing options for nine existing implants. Furthermore, in October 2016, a Breast Implant Register was launched in Europe to keep a track of faulty implants as a result of Breast Implant Scandal in 2010. This register is expected to be helpful for consumers to ensure refunds and reimbursement in case, they receive faulty devices. Advancements in technology and improvements in designs, materials, construction, and fill volumes are expected to accelerate the market growth. For instance, in April 2017, Mentor Worldwide LLC received an FDA approval for MemoryGel XTRA silicone gel-filled breast implant that will act as a first tissue breast expander with Dynamic Control Technology to provide precise and controlled expansion. Also, in June 2017, G&G Biotechnology introduced innovative B-Lite lightweight breast implants. These implants are the first and only lightweight breast implants.

Browse 36 Market Data Tables and 35 Figures spread through 155 Pages and in-depth TOC on “Brest Implants Market”- Global Forecast to 2025 by implant type (silicone breast implants and saline breast implants), by shape (round and anatomical), by application (reconstructive surgery and cosmetic surgery), by end user (hospitals and cosmetic clinics), and by region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa).

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https://www.coherentmarketinsights.com/market-insight/breast-implants-market-1309

Key players are adopting collaborations and acquisitions strategies for increasing their product portfolio. For instance, in June 2017, Allergen, Inc. acquired Keller Medical — a developer of Keller funnel that is used in breast augmentation and implantation. Keller Funnel is an innovative component in cosmetic breast implant procedures, as it reduced patient-surgeon contact during the surgery. Moreover, in August 2016, Sientra, Inc. collaborated with Vesta — a unit of U.S.-based Lubrizol Life Sciences, for manufacturing breast implants in optimum safe and sterile environment of the plant.

Key Takeaways of the Breast Implants Market:

• The global breast implants market is expected to exhibit a CAGR of 5.1% over the forecast period, owing to increasing demand for cosmetic surgeries and breast augmentation procedures
• Among product types, silicone breast implants segment held a dominant position in the breast implants market in 2016. This is owing to less risk of hard scar tissue formation associated with these implants coupled with more natural look as compared to the saline based implants.
• Among applications, cosmetic surgery segment accounts for the highest share in the breast implants market, owing to emergence of cosmetic surgeries to enhance aesthetic appeal
• Among shape, round shaped implants segment held the dominant position in the breast implants market in 2016, as these devices are symmetrical in shape and eliminate problems associated with implant rotation.

Some of the major players operating in the global breast implants market are Allergen, Inc., Mentor Worldwide LLC, GC Aesthetics Plc, Sientra, Inc., POLYTECH Health and Aesthetics GmBH, Establishment Labs S.A., LABORATORIES ARION, HANSBIOMED Co. Ltd., Groupe Sebbin SAS, and GG Biotechnology Ltd.