Report : Breast Implants Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product (Silicone and Saline); Application (Reconstructive Surgery and Cosmetic Surgery), Surface Type (Smooth and Textured), and Geography
Increasing prevalence of breast cancer cases is driving the market for breast implants over the forecast period.
According to the latest market research study titled Breast Implants Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product, Applications, and Surface Type, the global breast implants market was valued at US$ 1,535.96 million in 2019 and is estimated to reach US$ 2,278.40 million by 2027, and the market is expected to grow at a CAGR of 5.2%. The report highlights the trends prevalent in the global breast implants market and the factors driving the market along with those that act as deterrents to its growth.
The global breast implants market is a significant market in the developed and developing economies worldwide. The advancement in cosmetic procedures is constantly increasing in recent days due to the advantages of the breast implants such as light weighted, smooth & textured shells, and lower risk of complications. The demand for breast implants is high in cosmetic procedures followed by reconstructive surgery. Additionally, growing advancements in surgical technologies and declining cost of procedures are expected to be a drive the growth of the breast implants market.
Breast implants are used a part of treatment of breast cancer. Rising prevalence of breast cancer in developed as well as developing countries has led to an increase in the demand for breast implants. As per the Breastcancer.org, in 2018, nearly 266,120 new cases of invasive breast cancer are expected to be diagnosed in women along with 63,960 new cases of non-invasive breast cancer in the US. Death rate due to breast cancer among women in the US is high than other types of cancer. In 2018, nearly 40,920 women died in the US due to breast cancer. The number of new cases of breast cancer in men is less compared to women. Beastcancer.org stated that in 2018, around 2,550 new cases of invasive breast cancer were recorded to be diagnosed in men.
Allergan plc. Mentor Worldwide LLC (J&J), GC Aesthetics, Sientra, Inc., Polytech Health & Aesthetics GmbH, Ideal Implant Incorporated, Silimed, Group Sebbib SAS, Guangzhou Wanhe Plastic Materials Co., Ltd, and HANSBIOMED CO. LTD are among the key players operating in the breast implants market.
The report segments the global breast implants market as follows: