How Will The Breast Implants Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s breast implants market report forecasts the breast implants market size to grow to $3.17 Billion by 2027, with a CAGR (compound annual growth rate) of almost 7%.
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Breast Implants Market Size Forecast
The global breast implants market is expected to grow from $2.26 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The breast implants market size is expected to grow to $3.17 billion in 2027 at a CAGR of 6.9%.
North America held the largest breast implants market share.
Key Breast Implants Market Driver – Growth In Breast Cancer Incidences
For instance, according to the study published in World Cancer Research Fund International, the total number of new breast cancer cases across the globe accounted for 2.2 million in 2020 and accounted for 12.5% all cancer cases in 2020. Therefore, the growing breast cancer incidences is expected to promote the growth of the breast implants market during forecast period.
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Key Breast Implants Market Trend – Adopting Lightweight Breast Implants
The lightweight breast implant (LWBI) is around 30% lighter than typical silicone implants while retaining the same size, shape, and function. The LWBI reduces weight-related problems and reoperation rates by lowering stress on breast tissues and preserving tissue reliability and integrity over time. For instance, in September 2020, POLYTECH Health & Aesthetics GmbH, a Germany-based manufacturer of breast implants launched an extended B-Lite line, the world’s first and only lightweight breast implant. These implants are 30% lighter and possess advantages such as quicker recovery, less stretching from movement, greater daily comfort, and reduced post-operative pain. B-Lite with MESMO fine-texturing surface and B-Lite with the distinctive Microthane shell coating is among the new shapes and surfaces in the extended range.
Breast Implants Market Segment
1) By Type: Silicone Implant, Form-stable Implant, Saline Implant, Structured Saline Implant
2) By Procedure: Breast Augmentation, Breast Reconstruction
3) By End User: Hospital, Cosmetology Clinic, Other End Users
Breast Implants Market Major Players and Strategies
Major players in the breast implants market are Sientra Inc., GC Aesthetics, HansBioMed Corp., Establishment Labs S.A., Silimed, AbbVie Inc., Groupe Sebbin SAS, Polytech Health & Aesthetics, Cereplas, Laboratoires Arion, Mentor Worldwide LLC, Johnson & Johnson (Mentor Worldwide LLC), Guangzhou Wanhe Plastic Materials, and Ideal Implant.
In May 2020, AbbVie Inc., a US-based biopharmaceutical company acquired Allergan for $63 billion. This acquisition broadens, diversifies, and enriches AbbVie’s portfolio by adding long-term franchises in various appealing therapeutic areas, including immunology and neuroscience. Allergan PLC. is Ireland-based drugs and medical devices manufacturing company that manufactures breast implants.
The Breast Implants Global Market Report 2023 covers regional data on breast implants market size, breast implants market trends and drivers, opportunities, strategies, and breast implants market competitor analysis. The countries covered in the breast implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Breast implants are breast-shaped bags constructed of a silicone outer shell and filled with silicone gel or saline, and they used to change the size, shape, and form of the breasts.
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