As indicated by Acumen Research and Consulting, the global breast implants market size is evaluated to grow at CAGR around 10.5% over the estimate time frame. rising aspiration for attractive look with growing age among women, increasing trend of breast augmentation, growing incidences of breast cancer, rising awareness towards various health treatments, changing standards of living, increased disposable income levels and technological advancements are some of the main factors that are boosting the breast implants market growth across the globe. Breast implants are medical devices that are used to enlarge the size of breasts either for cosmetic applications or rebuilding purpose. Breast expansion, generally called as breast enlargement, is a popular surgical method that enhances the shape and size of the breast. North America market is likely to grow at noteworthy CAGR due to the availability of wide range of various beauty products and treatments, development of health care infrastructure, increasing consciousness and adoption of various silicone breast implant services and increase in incidence of breast cancer. Modernization of products and medical innovations in the region are also projected to boost the growth of the regional market.
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Breast Augmentation Segment is Also Anticipated to Witness a High Demand over the Forecast Period
On the basis of application, the breast implants market is segmented into breast augmentation, breast reconstruction. Breast augmentation segment is anticipated to dominate the global breast implants market over the forecast period owing to the rise in number of women undergoing the procedure. Fewer complications and Short procedural duration and will spur the demand for breast implants procedures over the forecast period. Increase in the prominence on physical appearance and increased self confidence in women with cosmetic breast augmentation are some of the key factors that supplementing the growth of the breast implant market in cosmetic applications. On the other hand, breast reconstruction market is anticipated to grow at significant growth rate during the forecast period. Growing occurrences of breast cancer in global female population is expected to boost the breast reconstruction segment growth throughout the forecast tome frame. Furthermore, factors such as personal history of breast cancer, aging, obesity, consumption of alcohol and exposure to radiation increase the risk of breast cancer that will further boost the growth of the breast reconstruction segment.
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North America to Continue to Dominate the Global Breast implants Market during the Forecast Period
Geographically, the global breast implants market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to accumulate highest market share in the global breast implants market. North America is expected to grow at substantial CAGR over the forecast period owing to the increasing consciousness and adoption of various silicone breast implant services and increase in incidences of breast cancer in the region. Growth in the adoption of breast implants and ongoing technological advancements in the region are also helping the growth of the regional market. Growth in the young population and inclination towards more advanced beauty products and treatments are supplementing the regional market growth. Moreover, the rising trend of undergoing breast augmentation methods for breast enhancement is playing a major role in the growth of the regional market. Asia Pacific is anticipated to growth at highest pace during the forecast period owing to the continuous development of various innovative medical products, large population base and continuous technological advancements in the region. Growing demand for breast reconstruction and increasing occurrences of breast cancer are some of the fundamental factors helping the growth of the regional market. Continuous development of healthcare infrastructure is also anticipated to boost the regional market growth throughout the forecast period.
GC Aesthetics plc, Establishment Labs S.A., Sientra, Inc. and POLYTECH Health & Aesthetics GmbH are Likely to Continue to Lead the Global Breast Implants Market
The breast implants market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are Allergan, Plc, GC Aesthetics plc, Establishment Labs S.A., Mentor Worldwide LLC, POLYTECH Health & Aesthetics GmbH, CEREPLAS, Sientra, Inc., Groupe Sebbin SAS and HansBiomed Co. Ltd.
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