According to Vision Research Reports, the breast implants market size was estimated at US$ 2.5 billion in 2021 and is expected to surpass around US$ 5.7 billion by 2030, poised to grow at a CAGR of 15.5% during forecast period 2022 to 2030.
According to Vision Research Reports, the breast implants market size was estimated at US$ 2.5 billion in 2021 and is expected to surpass around US$ 5.7 billion by 2030, poised to grow at a CAGR of 15.5% during forecast period 2022 to 2030.
Growth Factors
Increasing focus on the enhancement of physical appearance has led to the growth of the market.
Breast reconstructions are being highly adopted by women to enhance their physical appearance. This kind of surgery involves esthetic repair of any damage taking place after the implantation procedure.
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Breast implants are used post mastectomy to enhance the esthetic appeal. Breast augmentation is another procedure requiring the application of these implants. Esthetic appeal plays an important role in the increasing the demand for these procedures, thereby, making the cosmetic industry lucrative for the target population.
The COVID pandemic has had a significant impact on the aesthetic market. The increased prevalence of coronavirus cases had put a greater strain on medical personnel. As a result, facilities such as ICUs, surgical units, ventilators, hospital beds, and certain other surgical equipment have been reallocated from all disciplines and divisions to treat COVID-19 patients. As a result, governments in some countries have chosen to hold all non-essential & elective surgeries. Cosmetic procedures such as breast enhancement, cheek augmentation, dermal fillers, and others are all postponed or canceled as they were considered “non-essential” elective procedures. For instance, to create extra inpatient beds, the NHS, postponed 2 million planned procedures. The Medicare and Medicaid Services announced guidelines in March 2020 to limit elective operations in the U.S.
In May 2022. (Dublin, Ireland), GC Aesthetics, Inc. (GCA), a private medical technology organization that provides Health Aesthetic Solutions announced a launch of an advanced NAC (Nipple Areola Complex) reconstruction implant called FixNip. Many women around the world will receive support from this unique medical product, which addresses a well-known clinical necessity. Until now, a variety of surgical methods have been attempted to try to reconstruct the nipple-areola complex, but none have proven to be effective in the long run.
Product Insights
Amongst the product segment, silicone implants held the largest market share in 2021. This is due to the fact that these devices tend to be like natural breast tissue. For instance, a gummy implant gives a natural shape to the reconstructed breast. This product segment also does not pose a risk for disorders associated with the immune system. Silicone implants are expected to continue their dominance over the forecast period owing to their soft texture. Due to this feature, there is less risk of formation of hard scar tissue around the implantation. In addition, gummy implants also have a low risk of wrinkling.
Saline implants, on the other hand, are anticipated to display significant growth. This is due to fewer complications associated with this type of device during implant rupture. In case of leakage, the saline gets absorbed into the body without causing any harm to the patient. Unlike silicone devices, saline does not require any further follow-up sessions with the doctor. However, women who have undergone silicone breast implantation surgery often suffer from silent implant rupture. Hence, the FDA recommends that such patients need go for periodic MRI screenings.
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Shape Insights
Based on shape, round-shaped implants contributed to the largest revenue share in 2021. Due to their round shape, they are ideal for breast augmentation. These devices tend to look like compressed spheres. Hence, these products generated huge demand, thereby supporting the growth of the market.
Round-shaped implants are symmetrical and eliminate any problem arising at the time of implant rotation. Therefore, even surgeons prefer round implants over anatomical implants. Laboratoires Arion has an extensive portfolio of round-shaped breast implants. For instance, Monobloc Silicone, a round-shaped implant, is manufactured by this company.
Anatomical-shaped devices, on the other hand, are expected to witness significant growth during the forecast period due to their natural shape. The design of this type of implant mimics the shape of a natural breast. Women undertaking natural-looking breast enhancement, usually opt for this kind of product.
However, anatomical-shaped products have certain limitations. They tend to change the shape of the entire organ, during any shift or rotation of the implant. This could lead to an additional surgery for correction. Moreover, due to its natural shape, it requires the assistance of skilled surgeons during implantation, failure of which might pose a risk of flipping.
Application Insights
Based on application, cosmetic surgery contributed toward the largest revenue share in 2021. This is due to the growing emergence of the cosmetic industry to enhance the aesthetic appeal. Cosmetic surgery involving breast augmentation procedures helps in enhancing the appearance of this organ. Breast implantation is considered a significant procedure in the field of cosmetic surgery.They feel like natural breast tissue when compared to other types of implants, as that is the main reason they are preferred by the majority of women seeking breast implants over other varieties.
The U.S. FDA has approved silicone breast implants for breast augmentation in women aged 22 and up, as well as breast reconstruction in women of any age.Reconstruction surgery is anticipated to gain significant growth during the forecast period. It usually deals with the defects and deformities of the patient’s chest wall, post-mastectomy procedure. This helps in restoring the natural look and enhancing their esthetic appeal.
Breast implantation involving reconstruction surgery aids in improving symmetry after mastectomy or any other damage caused to the structure of the organ during a cosmetic surgical procedure. This procedure requires a tissue expander before the implant is inserted to expand the muscles in the organ.
End-use Insights
Based on end-use, the hospital segment held the largest market share in 2021 due to the increasing preference for patients to be treated in hospitals by plastic surgeons. Moreover, with growing healthcare expenditure, there is a rise in the number of hospitals being set up in developing regions.
The cosmetology clinics segment, on the other hand, is anticipated to witness significant growth with a CAGR of 7.9% during the forecast period. This is due to the emergence of specialty clinics dealing with cosmetic procedures for the enhancement of people’s esthetics. The processes associated with surgical treatments in these clinics are not as cumbersome as those in hospitals.
Regional Insights
In 2021, North America dominated the market owing to rising healthcare spending in the U.S. and the growing demand for cosmetic surgical procedures associated with the improvement of esthetics in the country. Moreover, the rising prevalence of breast cancer in this region is also expected to support the growth of the market.
The Asia Pacific and Latin America are projected to showcase lucrative growth with a CAGR of 7.7% during the forecast period. This is due to the rising disposable income in developing countries. Moreover, this region provides a huge opportunity for low-cost treatments in the field of medical tourism. Hence, the aforementioned factors are expected to drive the market growth of this region.
Key Players
ALLERGAN; GC Aesthetics; GROUPE SEBBIN SAS; Mentor Worldwide LLC; Sientra, Inc.; Polytech Health & Aesthetics GmbH; Establishment Labs S.A.; Shanghai Kangning Medical Supplies Ltd.; Guangzhou Wanhe Plastic Materials Co., Ltd.; LABORATOIRES ARION; and HANSBIOMED CO. LTD.
Market Segmentation
- Product Outlook
- Silicone Breast Implants
- Saline Breast Implants
- Shape Outlook
- Round
- Anatomical
- Application Outlook
- Reconstructive Surgery
- Cosmetic Surgery
- End-Use Outlook
- Hospitals
- Cosmetology Clinics
- Ambulatory Surgical Centers
- Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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