Breast Implant Market to Witness CAGR 4.2% Growth in Revenue During the Period 2024
Worldwide sales of breast implants is expected to reach ~ US$ 1.8 Bn by the end of 2019 and is forecasted to reach ~ US$ 1.7 Bn by the end of 2029, unveils the new research study by Persistence Market Research (PMR). According to the report, the breast implants market is estimated to grow by ~3% Y-O-Y by the end of 2020, primarily influenced by the recent advancements in the breast implants market.
According to the report, greater emphasis on physical appearance of the breasts and rise in global per capita disposable income of women have led to more number of women undergoing breast implants procedures globally. Also, manufacturers of breast implants are focusing on introducing wide range of breast implants in terms of sizes, shapes, and texture, which is expected to upsurge the growth of the global breast implants market over the forecast period.
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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- Allergan, Plc (Actavis Plc)
- Mentor Worldwide LLC. (Johnson & Johnson Services, Inc.)
- GC Aesthetics plc
- Sientra, Inc.,
- Groupe Sebbin SAS
- Polytech Health & Aesthetics GmbH
- Establishment Labs S.A.
- HansBiomed Co., Ltd
Combined Breast Augmentation to Create Scope for the Market Growth
Breast augmentation procedures in combination with breast lifting have received much attention among women in recent years to enhance the appearance of their breasts in terms of shape and size particularly those who are concerned with deflated or sagging breast appearance. While a breast lift procedure will elevate and reshape breasts, breast implants will add volume to their breasts.
Also combined procedural cost is less when compared to the individual procedure leading to more number of women opting for both procedures at one time. These factors are anticipated to aid the growth of the breast implants market over the forecast period.
Strong Distribution Network to Drive the Breast Implants Market
Strong distribution network is one of the prime factors responsible for the growth of the global breast implants market. Various major implants manufacturers are undergoing distribution agreements in order to make their products available resulting in deep penetration of aesthetic services across low income countries.
Thus, easier availability of products and increasing demand for breast implants products globally, is contributing to the overall growth of the breast implants market.
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Greater Emphasis on Physical Appearance is a Factor Fueling the Market Growth
Greater emphasis on aesthetic appearance is the main factor fueling revenue growth of the breast implants market globally. A large number of women are conscious about the physical appearance of their breasts leading to increasing number of breast augmentation procedures in developed countries such as North America and Europe.
However, some of the most common reasons for breast augmentation procedures include changing the breast size, restoring natural appearance of breasts, and correcting capsular contracture.
Also, women are increasingly spending on cosmetic surgical procedures to enhance their physical appearance and the number is expected to rise significantly over the next few years.
According to the U.S.-based National Institute of Aging and American Academy of Plastic Surgeons, a significant share of the population in the U.S., primarily within the age group of 18-30 years and onwards, are increasingly resorting to advanced aesthetic services including breast implants thus, creating sufficient traction for manufacturers in the breast implants market.
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Composite Breast Augmentation to Boost Patient Base for Breast Implants
Composite breast augmentation combines the ability of a breast implants to provide increased volume of breasts with reshaping capabilities offered by fat grafting technique. The technology together provides more versatility, especially in women who are more concerned about animation deformities and patients who are athletic. The technique is expected to have a major influence on the breast implants market globally over the next few years.
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