Number of pages: 100 | Report Format: PDF | Published date: May 19, 2022
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global breast implants market was valued at US$ 2.36 billion in 2022 and is expected to register a revenue CAGR of 7.2% to reach US$ 4.72 billion by 2031.
Breast Implants Market Fundamentals
Breast implants are medical devices that enhance a person's breasts size, shape, or contour. They are typically made of a silicone shell that is filled with either saline (a sterile saltwater solution) or silicone gel. These implants come in various shapes, sizes, and textures to accommodate different aesthetic preferences and individual body types. Breast implants are used to recreate a breast mound after the removal of breast tissue, typically due to breast cancer or other medical conditions. It aims to restore the appearance of a breast and can be done in combination with other techniques, such as tissue expansion or flap reconstruction.
Breast Implants Market Dynamics
The increasing demand for breast implants can be attributed to individuals' rising aesthetic and body image concerns. Many people aspire to enhance their physical appearance and achieve better body proportions. Breast augmentation procedures with implants offer a viable solution to increase breast size, improve symmetry, and restore volume, thereby positively impacting self-confidence, and body image. According to the International Society of Aesthetic Plastic Surgery, Breast augmentation remains the most popular surgical operation for women, with only a 0.5% increase in the last four years. Most breast augmentations, approximately 53.1% of the total, took place in 19–34 year olds. Constant advancements in breast implant technology have led to the development of safer and more effective implant options. Improved implant materials, such as cohesive silicone gel, and innovative designs, including structured implants, offer enhanced outcomes and a more natural look and feel.
Breast implants are also used for breast reconstruction after the removal of breast tissue due to breast cancer or other medical conditions. The increasing prevalence of breast cancer and advancements in reconstructive techniques have contributed to the demand for breast implants in the medical field. According to the Breast Cancer Research Foundation, in 2020, around 2.3 million women worldwide were diagnosed with breast cancer, with 685,000 deaths. The breast implants market outlook is positive as there has been a significant shift in societal attitudes towards cosmetic procedures, including breast augmentation. As cosmetic surgery becomes more accepted and normalized, the demand for breast implants has increased. The availability of affordable cosmetic procedures, including breast augmentation, in certain countries has increased medical tourism. Patients from countries with higher procedure costs may choose to travel to these destinations for breast augmentation procedures, contributing to the breast implants market growth.
However, there are potential risks and complications associated with the breast implant procedure. These include implant rupture, capsular contracture, implant displacement, infection, pain, changes in nipple or breast sensation, and the need for additional surgeries and implant removal surgery, restricting the growth of the breast implants market. According to the Aesthetic Society, in the U.S., around 71,000 implants were removed and not replaced in 2021. Breast augmentation procedures and breast implants can be costly, including the surgical fees, anesthesia, facility charges, and the cost of the implants themselves. The high cost associated with the procedure may limit accessibility for some individuals and affect breast implants market demand.
Breast Implants Market Ecosystem
The global breast implants market is analyzed from four perspectives: type, application, end user, and region.
Breast Implants Market by Type
Based on the types, the global breast implants market is segmented into silicone implants and saline implants.
The silicone implant segment accounted for the largest breast implants market revenue share. Silicone implants are known for providing a more natural look and feel compared to saline implants. The cohesive silicone gel used in these implants closely mimics the consistency of natural breast tissue, resulting in a more realistic appearance. Silicone implants have a lower risk of visible rippling or wrinkling than saline implants. This particularly benefits individuals with minimal breast tissue or those seeking a subtle augmentation result. Silicone implants have been used for many years, with substantial clinical data supporting their safety and efficacy. The extensive history of silicone implants in the market has contributed to their dominance and built trust among both patients and healthcare professionals. The silicone implant segment has benefited from continuous advancements in implant technology. Manufacturers have improved the design and construction of silicone implants, resulting in more durable and reliable products.
Breast Implants Market by Application
Based on the applications, the global breast implants market is segmented into breast reconstruction and breast augmentation.
The breast augmentation segment accounted for a significant breast implants market share in 2022. Breast augmentation is primarily a cosmetic procedure to enhance the size, shape, or symmetry of the breasts. Many individuals desire to improve their physical appearance and body proportions, and breast augmentation with implants provides a popular solution to achieve these goals. Breast augmentation appeals to a broad consumer base, including women of various ages and backgrounds. This wide consumer base contributes to the growth of the breast augmentation segment. The breast augmentation segment has experienced significant market growth due to implant technology advancements. Manufacturers have made considerable progress in developing a diverse range of implant sizes, shapes, and textures that cater to individual preferences and desired aesthetic outcomes.
The breast reconstruction segment accounted for a considerable breast implants market revenue share. Breast cancer is one of the most prevalent forms of cancer globally, and its incidence continues to rise. As more individuals undergo mastectomy as part of their breast cancer treatment, the demand for breast reconstruction procedures, including the use of breast implants, also increases. According to the Breast Cancer Research Foundation, every 14 seconds, a woman in the world is diagnosed with breast cancer. Since 2008, the global incidence of breast cancer has climbed by more than 20%. The death rate has risen by 14%. In many countries, health insurance policies and regulations mandate coverage for breast reconstruction following mastectomy. This coverage ensures that patients have access to breast implants for reconstructive purposes, further driving the demand and market share of the breast reconstruction segment. Increased awareness about breast cancer and breast reconstruction options, along with advocacy efforts by patient support groups and healthcare organizations, have contributed to a greater understanding and acceptance of breast reconstruction, which is also expected to boost segmental growth.
Breast Implants Market by End User
Based on the end users, the global breast implants market is segmented into hospitals, cosmetology clinics, and others.
The hospitals segment accounted for the prominent breast implants market revenue share in 2022. Hospitals typically have specialized departments and surgical teams dedicated to performing breast augmentation, breast reconstruction, and other related procedures. They have the necessary infrastructure, operating rooms, and advanced medical equipment required to carry out these surgeries safely and efficiently. Hospitals are known for their commitment to patient safety and comprehensive care. Breast implant surgeries are complex procedures that require proper preoperative evaluations, anesthesia administration, and postoperative monitoring. Hospitals have well-established protocols and resources to ensure patient safety and provide thorough postoperative care, which can be crucial in managing potential complications or adverse events. Hospitals are typically associated with health insurance networks and have established relationships with insurance providers. This facilitates streamlined insurance claims processing for patients seeking breast implant procedures. Hospitals often engage in clinical research and educational activities, promoting advancements in breast implant techniques, implant safety, and patient outcomes. This commitment to research and education further establishes hospitals as leaders in the field and contributes to their growth in the market.
Breast Implants Market by Region
Geographically, the global breast implants market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The North America region has the largest breast implants market size in terms of revenue generation accounting for around 38.5% share of the market. There is a growing emphasis on physical appearance and body image in North America. Many individuals desire to enhance their breast size, shape, or symmetry to improve their self-confidence and overall appearance. This aesthetic consciousness drives the demand for breast implant procedures in the region. According to the Aesthetic Society, in the U.S., there were 365,000 breast augmentations performed in 2021. In addition, 148,000 women had implants removed and replaced, which is 32% more from 2020. North America has a relatively affluent population with high disposable incomes. This financial stability allows individuals to consider elective cosmetic procedures such as breast augmentation. The ability to afford the cost of breast implant surgery contributes to the demand for breast implants in the region. In North America, health insurance coverage and reimbursement policies often support breast reconstruction procedures following mastectomy. This ensures that patients have access to breast implants for reconstructive purposes. The availability of insurance coverage drives the demand for breast implants in the region. North America has a robust healthcare infrastructure and a significant presence of key market players in the breast implant industry. These companies invest in research and development, product innovation, and marketing strategies to capture the North American market. Their strong presence and product offerings contribute to the growth of the breast implants market in the region.
Breast Implants Market Competitive Landscape
The prominent players operating in the global breast implants market are:
Breast Implants Market Strategic Developments
Breast implants are medical devices that enhance the size, shape, or contour of a person's breasts. They are typically made of a silicone shell that is filled with either saline (a sterile saltwater solution) or silicone gel.
Market players form strategic partnerships and collaborations with healthcare institutions, research organizations, and other industry stakeholders to leverage their combined expertise and resources.
The major players operating in the global breast implant Johnson & Johnson, AbbVie, Inc., POLYTECH Health & Aesthetics GmbH, Sebbin, and Sientra, Inc.
The global breast implants market growth is estimated to grow at a revenue CAGR of 7.2% during the forecast period from 2023 to 2031.
The estimated size of the global breast implants market in 2031 is US$ 4.72 billion.
*Insights on financial performance are subject to the availability of information in the public domain