Breast Implant Market Size, Share, Industry Trends and Forecast to 2030

Breast Implant Market Size & CAGR in 2021

The global breast implant market is projected to showcase a Compound Annual Growth Rate (CAGR) of 5.8% from 2021 to 2026. The market size for breast implants was valued at USD 2.7 billion in 2021 and is anticipated to reach USD 4.3 billion by 2026.

COVID-19 Impact on the Breast Implant Market

The outbreak of the COVID-19 pandemic had a significant impact on the breast implant market. Due to the stringent lockdown measures and restrictions on elective surgeries, the market witnessed a temporary decline in procedures. However, as healthcare facilities resumed operations and with the increasing focus on cosmetic procedures post-pandemic, the market is expected to recover and witness steady growth in the coming years.

Breast Implant Dynamics

The breast implant market dynamics are influenced by factors such as increasing demand for aesthetic procedures, advancements in implant technology, rising awareness about breast reconstruction surgeries, and shifting preferences towards minimally invasive techniques. Moreover, the growing disposable income of individuals and the expanding patient pool opting for breast augmentation and reconstruction procedures contribute to the market's growth.

Segments and Related Analysis

The breast implant market can be segmented based on product type, shape, texture, material, and end-user. Silicone implants hold a significant market share due to their natural look and feel, while saline implants are preferred for their safety profile. Textured implants are gaining popularity for reduced risks of capsular contracture, and anatomical-shaped implants provide a more natural appearance. Plastic surgery clinics and hospitals are the primary end-users of breast implants.

By Region Analysis

The breast implant market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to the presence of well-established healthcare infrastructure, high consumer awareness, and technological advancements. Europe follows closely, with a rise in cosmetic procedures and reimbursement policies supporting market growth. The Asia Pacific region is expected to witness substantial growth due to increasing disposable income, changing lifestyles, and a growing emphasis on physical appearance.

Key Market Players and Competitive Landscape

Key players in the breast implant market include Mentor Worldwide LLC, Allergan, Inc., Sientra Inc., GC Aesthetics, Establishment Labs S.A., and Polytech Health & Aesthetics GmbH. These companies focus on product launches, strategic collaborations, mergers, and acquisitions to maintain their market position and expand their product offerings.

Recent Happenings in the Breast Implant Market

In recent developments, Mentor Worldwide LLC introduced innovative silicone gel-filled breast implants with cohesive technology for enhanced safety and aesthetic outcomes. Allergan, Inc. launched a range of textured implants designed to reduce the risk of implant rotation and ensure long-term patient satisfaction. Sientra Inc. announced a strategic partnership with leading plastic surgery centers to promote awareness about breast augmentation procedures and the latest implant options.