The global breast implant market is majorly driven by the growing demand for breast implants for cosmetic purposes. Many female consumers are becoming aware of breast implants and are increasingly looking to spend their disposable income on cosmetic implants such as breast implants. The increasing disposable income of female consumers in developed economies such as the U.S. and other countries in Western Europe is likely to be a major driver for the global breast implants market over the forecast period. Breast implants have become a valuable tool for women to feel better about themselves, as many women maintain a connection between their self-worth and the size of their breasts. This has resulted in a growing demand for breast implants in recent years, as many women are looking to increase the size of their natural breasts through artificial supplementation.
The global breast implant market is expected to grow at a rapid growth rate over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR).
Competitive Analysis:
Leading players in the global breast implants market include Guangzhou Wanhe Plastic Materials Co. Ltd., Shanghai Kangning Medical Device Co. Ltd., Ideal Implant Inc., Cereplas, Laboratoires Arion, Hans Biomed Co. Ltd., Groupe Sebbin SAS, Polytech Health and Aesthetics GmbH, Establishment Labs S.A., Mentor Worldwide LLC, GC Aesthetics, Sientra Inc., and Allergan (Actavis).
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Allergan holds a major share in the global breast implant market and is likely to remain a major revenue generator over the forecast period.
In July 2019, Allergan had to recall its BIOCELL line of textured breast implants after links between the implant and a type of cancer were revealed. A class-action lawsuit against Allergan has also been filed with regard to this.
Segmentation:
The global breast implants market has been segmented on the basis of product, shape, application, and end user.
On the basis of product, the market has been classified as silicone breast implants, saline breast implants, structured saline breast implants, round breast implants, gummy bear breast implants, smooth breast implants, and textured breast implants.
On the basis of shape, the market has been classified as round and anatomical.
On the basis of application, the market has been classified as breast augmentation and breast reconstruction.
On the basis of end use, the market has been classified as hospitals, clinics, cosmetic centers, ambulatory surgical centers, and others.
Detailed Regional Analysis on Global Breast Implants Industry
North America is likely to account for the largest share in the global breast implant market over the forecast period due to the growing awareness about breast implants and the growing demand among female consumers to have breast implants. Rising prevalence of breast cancer is also a key driver for the breast implants market in North America. The growing awareness of breast cancer and the benefits of breast implants in dealing with the after-effects of breast cancer is likely to remain a major driver for the breast implant market in North America over the forecast period. The growing healthcare sector in North America has provided the breast implants market with significant growth prospects, with cosmetic surgeries such as breast implantation and reconstruction becoming widely popular and easily accessible. The easy accessibility of breast implant procedures in North America is likely to be a major driver for the breast implant market in North America over the forecast period. The early adoption of advanced medical technologies in North America is likely to be a major driver for the breast implant market in the region over the forecast period, as enhancements in breast implants and breast implant placement procedures are likely to be widely accepted in the region over the forecast period.
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Europe is also likely to hold a major share in the global breast implant market over the forecast period due to the growing importance of Europe as a destination for global consumers to get breast implants at a reasonable price. The widespread acceptance of breast implants in Europe, especially in Western Europe, is likely to be a major driver for the breast implant market in the region over the forecast period. The advanced healthcare sector in Europe is also a major driver for the breast implant market in the region. Further enhancements in the field of breast implants are likely to be widely accepted in Europe over the forecast period, leading to steady growth of the market.
Asia Pacific is likely to emerge as a major regional market for breast implants over the forecast period, as the growing awareness about breast implants has resulted in a growing demand for the products. Asia Pacific presents a significant scope for further growth of the breast implant market over the forecast period, as the female demographic in the region is becoming increasingly affluent and thus more keen on cosmetic upgrades such as breast implants. The rising healthcare sector in Asia Pacific is also likely to be a major driver for the breast implants market in the region over the forecast period. The rising medical tourism sector in Asia Pacific is also likely to be a major driver for the breast implant market over the forecast period, as consumers from all over the world are coming to the Asia Pacific region for breast implants due to the cheaper costs. This is likely to remain a significant driver for the breast implant market in Asia Pacific over the forecast period.
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