The breast implants market comprises silicone and saline breast implant devices that augment or reconstruct the human breast. Breast implants are implanted during breast augmentation surgery or breast reconstruction procedures to increase or restore a natural breast volume and shape. They provide a heightened and more structured appearance to the breast area.
The global breast implants market is estimated to be valued at US$ 1,299.9 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030.
The market has witnessed steady growth due to the increasing number of cosmetic breast surgeries worldwide owing to rising awareness about breast aesthetics enhancement procedures and options available. Furthermore, breast reconstruction procedures are also rising after mastectomy, which is further fueling market growth. Technological advancements in breast implants introducing latest silicone materials, 3D imagers and non-invasive procedures are also supporting the market expansion. However, risks associated with breast implants procedures and device failure are major constraints.
Key Takeaways
Key players operating in the breast implants market are Abbvie, Inc, CEREPLAS, Establishment Labs S.A., GC Aesthetics, GROUPE SEBBIN SAS, Guangzhou Wanhe Plastic Materials Co., Ltd., HansBiomed Co., Ltd., Ideal Implant Inc, Laboratoires Anios, Mentor Worldwide LLC, Polytech Health & Aesthetics GmbH, Shanghai Kangning Medical Device Co., Ltd, Sientra, Inc., and Silimed.
The key opportunities in the breast implants market include increasing access to breast augmentation procedures through easy financing options and medical tourism. Furthermore, launch of novel breast implants with Advanced surface technologies is also gaining traction.
The rising medical tourism industry coupled with growing development of specialized medical tourism destinations for cosmetic surgeries is fueling the global expansion of breast implants market. Countries like Brazil, Mexico, India are emerging as leading destinations for breast augmentation procedures.
Market drivers
Rising number of online consultations and virtual or tele-consultations for breast implant procedures are also driving the market growth. Online platform help in reducing the inhibitions associated with discussing breast aesthetics openly and know all options available easily from expert surgeons sitting in the comfort of your home. This has boosted breast implant procedures notably.
PEST Analysis
Political: Regulation around quality standards and safety approval processes for breast implants impact the market. Governments aim to balance innovation and women's health.
Economic: Disposable incomes and access to financing influence demand. As incomes rise in developing nations, more seek breast augmentation for cosmetic or reconstructive reasons.
Social: Shifting social attitudes towards cosmetic procedures, along with greater acceptance of breast reconstruction, drive the market. Younger women opt for augmentation and social media impacts views on body image.
Technological: Advancements in implant design, filling materials and manufacturing allow for more natural looking results and lower infection and rupture rates over time. 3D modeling and digital design tools assist in pre-surgical planning.
The geographical region where the market is concentrated in terms of value is North America. This is due to factors like a highly developed healthcare system, rising demand for cosmetic procedures, and the presence of major manufacturers.
The Asia Pacific region is witnessing the fastest growth in the breast implants market. This growth can be attributed to factors such as increasing medical tourism, rising disposable incomes, growing awareness about aesthetic procedures, and expansion strategies by leading players seeking to tap the opportunities in developing Asian countries.
