The global breast implants market is expected to reach US$ 2,338.6 Mn in 2027 from US$ 1,475.7 Mn in 2018
LONDON, March 12, 2019 /PRNewswire/ -- The global breast implants market is expected to reach US$ 2,338.6 Mn in 2027 from US$ 1,475.7 Mn in 2018. The breast implants market is estimated to grow with a CAGR of 5.4% from 2019-2027.
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Driving factors such as, increasing prevalence of breast cancer, new product launches & FDA approvals and growing number of cosmetic and breast augmentation procedures are expected to boost the market growth over the years. However, post-surgical complications and high cost of breast implants and breast implant surgery are likely to have a negative impact on the growth of the market in the coming years.
Global breast implants market, based on the product was segmented into silicon and saline. In 2018, the silicon segment held a largest market share of 90.5% of the breast implants. This segment is also expected to dominate the market in 2027. The growth of the market is primarily attributed to the use of adult breast implants in various training programs across the globe and also the segment is expected to grow with the fastest growth rate of 5.6% during the forecast period, 2018 to 2027.
Global breast implants market, based on application was segmented into cosmetic surgery and reconstructive surgery. In 2018, the cosmetic surgery segment is expected to dominate the market based on the application contributing a share of 63.4%. This is primarily attributed to rising number of cosmetic procedures worldwide. Moreover, reconstructive surgery segment is anticipated to grow at a significant growth rate of 4.8% during the forecast period.
Some of the major primary and secondary sources included in the report for the breast implants market are National Healthcare Safety Network, Hospital Infection Society-India National Health Service, Care Quality Commission, Food and Drug Administration, Public Health England, and Health Protection Agency among others. Some of the major primary and secondary sources included in the report for the global breast implants market include, 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 among others.
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