The Global Breast Implants Market is Expected to Grow at a CAGR of 5.89% During the Forecast Period 2017-2023 to Aggregate $1.8 Billion by 2023
Factors, such enhanced consicousness about physical appearance and aesthetics in women, growth in disposable income, heightened demand for composite breast implant augmentation, increased healthcare spending will drive the market growth during the forecast period.
Bangalore, India, November 13, 2017 (Newswire.com) - Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Worldwide Breast Implants Market – Drivers, Restraints, Opportunities, Trends, and Forecasts: 2017–2023” (June 2017).
According to Infoholic Research, the adoption of breast implants in cosmetic enhancement has become common among women in the modern society. Breast implants help to enhance an individual’s looks and maintain the body shape. Breast implants are available in different shapes and sizes in the market but it is important for both patients and physicians to use fillers that are approved by the FDA.
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Products, such as Natrelle, MomoryShape, CoGel, IMPLEO, Mentor MemoryGel, and Sientra’s Silicone Gel Breast Implants, are branded products that have showed best results and enjoy high demand in the market. According to Infoholic Research, the global breast implants market is expected to grow at a CAGR of 5.89% during the forecast period 2017–2023 to touch an aggregate of $1.8 billion by 2023.
The global breast implants market is analyzed based on three segments – product types, end-users, and geographical regions. The product type segment covers silicone and saline breast implants. The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW).
The silicone breast implants segment is the leading contributor in the market accounting for 90% of the total global breast implants with more than 2.7 million breast procedures globally conducted in 2015. In the North American region, the US and Canada are the leading countries. Europe is the second leading region and holds more than 17.10% of the market as of 2016. Germany is one of the leading countries in Europe in terms of revenue followed by France. In the Asia Pacific region, India and China are the most attractive countries for the market players and hold immense business opportunities. The ROW is set to be an emerging market in the next 5–6 years. According to ISAPS, there were about 358,260 breast procedures performed in Brazil in 2015, which is ranked the second leading contributor toward breast procedures after the US.
“Breast augmentation is a leading cosmetic surgery and is the second most popular aesthetic procedure among all cosmetic treatments. However, cost, reimbursement, and counterfeit products hamper the market growth. Advances in technology pave the way for next-generation breast implants that are lightweight, about 30% lighter than the traditional silicone breast implants. This is expected to boost demand of breast augmentation procedures during the forecast period.” – Mohammed Azhar, Senior Research Analyst (Research – Healthcare) at Infoholic Research
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The report aims to cover the below points:
- Provides in-depth analysis of the key business opportunities in different countries and verticals
- Provides a detailed overview about the various types of breast implants
- Provides details on trending top 16 breast implants
- Provides detailed analysis of the top 15 players in the market
- Provides industry outlook including current and future market trends, drivers, restraints, and emerging technologies
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