Breast implants serve cosmetic as well as medical purposes. The global breast implant market has received the bulk of its demand from consumers looking to augment their breasts for cosmetic purposes. However, breast augmentation following mastectomies and due to congenital defects is also likely to remain a key application segment of the global breast implant market in the coming years.
The increasing disposable income of women, particularly in developing regions, is likely to remain a key driver for the global breast implant market in the coming years. The breast implant market is closely linked to the socioeconomic dynamics in a particular region, since the process of breast augmentation is quite expensive. This could be a key driver for the aesthetic use of breast implants in the coming years. The rising share of the middle class in the global population and the increasing discretionary spending undertaken by this socioeconomic class is also likely to be vital for the breast implant market in the coming years.
The increasing prevalence of breast cancer is likely to drive the medical demand for the utilization of breast implants in the coming years. However, this is likely to remain limited to the market for breast implants in developed regions, as medical facilities in developing regions often still present a risk of unsafe procedures. The risk of acquiring anaplastic large-cell lymphoma following an unhygienic breast implant procedure is thus likely to limit the impact of breast cancer on the global breast implant market.
On the basis of product type, silicone breast implants are likely to lead the global breast implant market in the coming years. This is mainly due to the increased risk of infections and other post-surgical complications from saline breast implants. Due to the safety of silicone, silicone breast implants have also enjoyed sustained product development, which is likely to be a key factor in the global breast implant market in the coming years.
Hospitals are the key end use segment of the global breast implant market, and is likely to dominate the ambulatory surgical centers and dermatology clinics and cosmetic centers segments in the coming years. Geographically, North America is likely to remain the key consumer of breast implant procedures in the coming years thanks to the widespread awareness about the benefits and easy availability of breast implants.
The report also presents a comprehensive assessment of the competitive landscape of the global breast implant market. The key companies operating in the market include Mentor Worldwide LLC, HansBiomed Co. Ltd., Allergan, plc, and Sientra Inc.