The report highlights the trends prevalent in the global breast implants market and the factors driving the market along with those that act as restraints to its growth.
According to a new market research study titled 'Breast Implants Market to 2027 - Global Analysis and Forecasts by Product, Applications, and Surface Type. The global breast implants market is calculated to account for US$ 2,338.6 Mn by 2027 as compared to US$ 1,475.7 Mn in 2018, growing at a CAGR of 5.4% during the forecast period from 2018 to 2027.
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The global breast implants market is a matured market in the developing countries as well as developing economies worldwide. According to 2016 statistics from the American Society of Plastic Surgeons, the average cost of breast implant surgery is US$ 3,719.
The prices for breast implant surgery significantly vary, based on surgeon's experience, the type and cost of breast implants used and the geographic office location.
The market for breast implants is driven by new product launches and FDA approvals. Most of the market players are engaged in the manufacturing various types of breast implants offering maximum advantages and high quality.
For instance, in January, 2018, Sientra, Inc. received the U.S.Food and Drug Administration (FDA) approval of the site-change PMA supplement for its contract manufacturer "Vesta" to manufacture Sientra's silicone gel breast implants.
The company also implemented new manufacturing process improvements as per the FDA and also received approval for process enhancement supplements. In January, 2017, Allergan plc received approval from the FDA to market NATRELLE INSPIRA SoftTouch breast implants in the US.
Additionally, in October 2017, Mentor Worldwide LLC announced the availability of MemoryGel Xtra breast implants in the US.
The global breast implants market has been segmented, based on different parameters such as product, application, surface type, and geographical regions. On the basis of product, the market is classified into silicone and saline.
The applications of breast implants covered in the report include reconstructive surgery and cosmetic surgery. Based on the surface type, the breast implants market is segmented into smooth and textured segments.
The market is further examined by evaluating the market on basis of five strategic regions worldwide as North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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The key players operating in the field of Breast Implants worldwide 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.
The report segments the global breast implants market as follows:
Global Breast Implants Market - By Product
Global Breast Implants Market - By Application
Global Breast Implants Market - By Surface Type
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