WiseGuyReports.Com Publish a New Market Research Report On –“ Declining Cost of Aesthetic Surgeries to Support Breast Implants Market 2023”.
Breast Implants Industry 2019
Breast augmentation procedures have become commonplace in the last few years. Breast Implants are medical devices that are placed under the chest muscles surgically to augment or rebuild breasts, generally as a part of revision surgery or after mastectomy. The reason behind the growth of the global Breast Implants Market is the soaring popularity of reconstructive surgeries among women. In the current era, women are increasingly becoming more aware of their physical appearance, which has prompted them to opt for breast reconstruction and augmentation surgeries.
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The market is fragmented with many players but dominated by the top 5 players. Allergan, Mentor Worldwide, GC Aesthetics, and Sientra hold more than 85% of the market share in the total global breast Implants Market.
The rise in the incidence rate of breast cancer has resulted in subsequent surgeries for correction. The breast being an integral part of a woman’s body, any changes in them can significantly affect a woman’s emotional and mental being. Thus, it is quite customary for women to opt for breast reconstruction surgery after mastectomy, which is a crucial determinant of the global breast implants market growth.
With time, breast implants have evolved to become bio-based, long-lasting, and lightweight, which has been purveyed by heightened investment in R&D activities. Moreover, progress in implantation techniques and surgical equipments have also resulted in increased adoption of breast implants among end users. Other factors supporting the growth of the market include increasing affordability of breast implants and breast reconstruction and augmentation surgeries, rise in number of women joining the workforce, and medical tourism in Asia.
On the other hand, stringent regulatory framework might deter the growth of the market. Additionally, lifespan of breast implants is limited, and various complications are aligned with breast implant surgeries. Breast implants are costly and there lies a risk of resurgery in breast augmentation procedures, which can impede the growth of the market over the forecast period.
The breast implants market has been segmented based on type and end user. By type, the breast implants market has been segmented into silicone breast implants and saline breast implants. By end user, the breast implants market has been segmented into hospitals, aesthetic/surgical centers, and physician’s office.
Region-wise, the breast implants market has been segmented into North America, Rest-of-the-World, Europe, and Asia Pacific. North America is leading the breast implants market. High disposable income, accessibility and availability of sophisticated treatment options in the region, and awareness regarding various breast augmentation procedures is supporting the growth of the market.
Europe being a preferred destination for aesthetic surgeries, commands an advantageous share of the global breast implants market. Availability of state-of-the-art medical facilities and high disposable income of women in the region is fueling the growth of the market.
The APAC breast implants market is poised to showcase remarkable growth over the forecast period. Increasing disposable income in the region, along with growing demand for advanced cosmetic procedures in the region can be credited for the growth of the market. APAC has emerged as a prime destination for medical tourism. People from developed countries generally come to the region for cosmetic procedures to take advantage of the sophisticated medical services at a relatively low cost.
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