Breast implants are artificial prostheses used to enhance breast muscles for cosmetic purposes. Breast augmentation and breast reconstruction procedures aim to improve the aesthetic appearance of the breast, addressing deformities, injuries, or damages. Breast reconstruction often involves the use of tissue expanders to expand breast muscles and skin, followed by the permanent insertion of a breast implant. These procedures improve symmetry after mastectomy and contribute to a more appealing appearance. While the United States is a major revenue contributor to this market, challenges such as reimbursement issues may hinder its growth. Industry players are actively addressing these challenges through evidence-based studies on the efficacy of breast augmentation and reconstruction.
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Market Analysis
The global breast implants market is projected to witness a Compound Annual Growth Rate (CAGR) of 5.89% during the forecast period from 2017 to 2023. The market analysis is based on three segments: product type, end-users, and regions.
Factors Driving Market Growth
Several factors are contributing to the growth of the breast implants market, including an increase in beauty consciousness, greater awareness of reconstructive breast surgeries, favorable demographic trends worldwide, and a growing aging population. Emerging trends, such as the rising demand for composite breast implant treatments, the growth of medical tourism, and an increase in disposable income, are expected to significantly propel the market during the forecast period.
Regional Analysis
The regions covered in the report include the Americas, Europe, Asia Pacific, and the Rest of the World (ROW). The Americas lead in terms of breast implants market growth, followed by Europe. Asia Pacific and ROW are identified as emerging regions with substantial potential. Brazil stands out as a particularly attractive market in Latin America, with expectations of a significant rise in the popularity and usage of breast implants in the coming years.
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Product Analysis
Silicone and saline breast implants are the most popular options for breast augmentation and reconstruction procedures, representing the most common surgical aesthetic procedures among end-users. Silicone breast implants dominated the market, generating $1 billion in revenue in 2016 and projected to grow at a CAGR of 6% during the forecast period. In contrast, saline breast implants are experiencing slower growth due to lower adoption rates and associated complications, such as rippling. The trend also reflects the preference for silicone implants due to their greater firmness.
Key Products in the Market
- Natrelle INSPIRA
- Natrelle Classic
- Natrelle 410
- Natrelle 133 Tissue Expanders
- MemoryShape Breast Implants
- MemoryGel Breast Implants
- Saline Breast Implants
- SPECTRUM Adjustable Saline Breast Implant
- MENTOR ARTOURA Breast Tissue Expanders
- MENTOR Volume Sizing System
- FlexHD Acellular Hydrated Dermis
- CoGel
- IMPLEO
- IMPLEO Smooth
- GFX gel-filled breast implants
- RGI silicone gel-filled breast implants
- HSC
- HSC +
Key Players
The market is fragmented, but the top 5 players—Allergan, Mentor Worldwide, GC Aesthetics, Sientra—hold more than 85% of the market share in the global breast implants market. Additionally, several pure-play players, including POLYTECH Health & Aesthetics GmbH, GROUPE SEBBIN SAS, Establishment Labs S.A., HansBiomed Co. Ltd, CEREPLAS, LABORATOIRES ARION, Ideal Implant, Guangzhou Wanhe Plastic Materials Co. Ltd., Silimed, G&G Biotechnology Ltd, Shanghai Kangning Medical Supplies Ltd, and Implantech Associates Inc., contribute to market competition.
Competitive Analysis
The global breast implants market offers immense growth opportunities for vendors, particularly in developed regions. Competition is intense, with a presence of large, small, and local vendors. The market is currently dominated by Allergan, Mentor Worldwide, GC Aesthetics, and Sientra. These major players are consolidating their positions through acquisitions, expanding their global business operations by leveraging their product portfolios. The competitive landscape is expected to intensify further with increased product/service extensions, innovations, and mergers and acquisitions. Collaboration agreements are also being forged for marketing and manufacturing breast implants.
Benefits
This report offers comprehensive insights into the usage and adoption rates of breast implants for augmentation and reconstruction. Stakeholders can gain an understanding of major trends, drivers, investments, and initiatives by industry players, as well as the adoption rate expected in the coming years. The report also highlights significant challenges affecting market growth and presents key business opportunities for stakeholders looking to expand their presence, enhance revenue, and analyze the market before investing or expanding their businesses in this field.
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Key Stakeholders
- Manufacturers
- Healthcare Institutions
- Research and Consulting Firms
- Breast Implant Associations
- Regulatory Bodies
- Investors and Shareholders
Market Dynamics:
Surging air traffic:
- As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability:
- The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability:
- The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization:
- The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation:
- The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems:
- The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology:
- Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation:
- The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets:
- Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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