Breast Implants Market Forecast (2024-2031), Size, Applications
The breast implant market was valued at US$ 1.88 billion in 2023 and is expected to reach US$ 2.82 billion by 2031. The market is expected to register a CAGR of 5.2% in 2023–2031. The evolution of breast implants will likely remain a market trend.
Breast Implants Market Analysis
A variety of goods and techniques are available on the breast implant market to improve breast size or form. Things like new technological developments, cosmetics trends, safety issues, and legislative adjustments impact it. Manufacturers, surgeons, clinics, and regulatory agencies are examples of market participants. Recent trends include increased safety precautions, a move toward more natural-looking outcomes, and a rise in the desire for non-invasive alternatives.
Breast Implants Market Overview
It's a cosmetic procedure where implants are placed under the breasts to make them larger. Breast anatomy, body type, thickness and elasticity of the skin, and the amount of breast tissue required all influence the type and size of implants. A breast augmentation can boost a woman's confidence for certain women. For some, it's a necessary component of reconstructing the breast due to different ailments. The market is anticipated to grow as a result of the rising incidence of breast cancer, the FDA's approval of new products, the rise in cosmetic and breast augmentation surgeries, and other factors.
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Breast Implants Market: Strategic Insights
Market Size Value in US$ 1,535.96 Million in 2019 Market Size Value by US$ 2,278.40 Million by 2027 Growth rate CAGR of 5.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Breast Implants Market: Strategic Insights
| Market Size Value in | US$ 1,535.96 Million in 2019 |
| Market Size Value by | US$ 2,278.40 Million by 2027 |
| Growth rate | CAGR of 5.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Breast Implants Market Drivers and Opportunities
Rise in Number of Breast Implant Procedures to Favor Market
Breast augmentation, sometimes referred to as augmentation mammoplasty, is a type of breast enlargement surgery. It entails putting breast implants beneath the muscles or tissue of the chest. Currently, one of the most common and fashionable cosmetic surgery procedures worldwide is breast implant surgery. Women are growing more aware of their bodies as a result of modernization. This raises the number of breast implant procedures performed, which fuels the market's expansion. For instance, according to the International Society of Aesthetic Plastic Surgery, breast augmentation procedures continue to be the most popular surgical procedure for women globally, with 2.2 million performed in 2022—a notable 29% increase from 2021. With over 4.4 million procedures performed on the breast, a 25% increase from the previous year, all breast procedures show notable growth.
Increase in Demand for Breast Implants – An Opportunity in Breast Implants Market
The most popular plastic surgery procedure among women worldwide is breast implantation (BI). BI is typically used in oncoplastic and cosmetic procedures. According to Medicine 2021, over 300,000 procedures involving breast augmentation and reconstruction surgeries were performed in the US in 2020. 58.4% of patients had breast augmentations; these patients were primarily in their 30s to 40s. Compared to the data from 2000, there was a 41% increase in the number of breast augmentation surgeries, and the demand for them continues to rise yearly. Thus, an increase in demand for breast implants is likely to create significant market opportunities.
Breast Implants Market Report Segmentation Analysis
Key segments contributing to the breast implants market analysis derivation are product, application, and surface type.
- Based on product, the breast implants market is divided into silicone, saline. The silicone segment held a larger market share in 2023.
- By product, the market is segmented into reconstructive surgery, cosmetic surgery. The cosmetic surgery segment held the largest share of the market in 2023.
- In terms of surface type, the market is divided into smooth, textured.
Breast Implants Market Share Analysis by Geography
The breast implants market report's geographic scope is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the breast implants market. In North America, the U.S. is the largest market for breast implants in 2023. The existence of regulatory organizations like Health Canada and the growing acceptance of breast implants in the region are the main drivers of market growth in North America. The primary driver of the European Union's breast implant market expansion is the existence of union regulatory policies. Furthermore, some European countries have lower costs for various medical surgeries depending on the procedure. The acceptance of breast implants in this region is being aided by the growing awareness of breast implants among Europeans. The market for breast implants in Asia Pacific is expanding quickly as a result of the rising incidence of breast cancer. Throughout the forecast period, the Asia Pacific market for breast implants is expected to grow due in part to the rising disposable income of Asian nations. The growing market is also attributed to rising awareness of improving one's physical appearance.
Breast Implants Market Report Scope
Breast Implants Market News and Recent Developments
The breast implants market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for breast implants and strategies:
- Establishment Labs Holdings Inc., a global medical technology company dedicated to improving women’s health and wellness, principally in breast aesthetics and reconstruction, today announced it has launched Motiva Implants in China. (Source: Establishment Labs Holdings Inc. Company Name, Press Release, 2024)
- CollPlant Biotechnologies, a regenerative and aesthetics medicine company developing innovative technologies and products based on its non-animal-derived collagen for tissue regeneration and organ manufacturing, announced its initiation of a pre-clinical trial to evaluate commercial-size, 3D-bioprinted, regenerative breast implants. (Source: CollPlant Biotechnologies Company Name, Newsletter, 2024)
Breast Implants Market Report Coverage and Deliverables
The “Breast Implants Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application , Surface Type , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Italy, Japan, Luxembourg, Mexico, Netherlands, RoAPAC, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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