Breast Reconstruction &Augmentation Market is Increasing at a Healthy CAGR of 3.8% During Forecast to 2023

 

Market Insights

Currently, more and more women are opting for having breast augmentation globally, to enhance breast volume and contour, to correct asymmetry, and for breast reconstruction. According to Market Research Future Reports, global breast reconstruction & augmentation market is getting motivated to expand at a CAGR of 3.8% from 2018 to 2023 owing to surging demands for beauty treatments and emerging world of cosmetic and its surgeries. Market Research Future has provided a comprehensive valuation of the breast augmentation implants market recentlyincluding qualitative insights, historical and currentscenario, driving factors for market and competitor along with regional analysis from 2018 to 2023.

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The emergence of breast reconstruction and augmentation occurred from the rising incidence of breast cancer, worldwide. This eventually boosted breast implants business growth, which expanded at an exponential rate, which in turn, augmented the breast reconstruction and augmentation market at a higher rate. The future of the market looks bright and thriving as a result of which, a high number of women are undergoing treatment for breast cancer treatment procedures.  Thus, proliferating female population willing to restore mislaid breast volume will offer profitable market growth with opportunities as well in the upcoming period.

Global Breast Reconstruction and Augmentation Market: Drivers & Trends

Globally, the mounting demand for beauty treatments, anti-aging related cosmetic procedures, and rising demand and development of breast implant products are tremendously supporting the growth of the global breast reconstruction & augmentation market. With that, there has been growing beauty consciousness among women and young girls. Therefore,the demand to look young are increasing the awareness of breast implants and breast augmentation procedures across the world, which is gaining traction for the market of global breast reconstruction & augmentation.

Several large and medium-sized companies are involved in developing and manufacturing breast implant products, whereas the key players in this market are active in investing a large amount of market, which is paving ways for more opportunities to come in the future. As per the research, according to the annual plastic surgery procedural statistics, 17.5 million surgical and marginally cosmetic procedures were performed in the US in 2017, and a 2% increase was observed in 2016. The American Society of Plastic Surgeons (ASPS) stated that breast augmentation is one of the best five cosmetic procedures that isconducted in the US. Atotal of 300,378 breast augmentations happened in the US in 2017. The statistics provided by the American Society of Plastic Surgeons (ASPS)stated that the usual cost of breast augmentation surgery was USD 3,708 in 2014.By these reports, it is evident that the factor of increased focus on physical appearance coupled with an increase in the availability of favorable cohesive silicone breast implants ispositively driving the growth of the Breast Reconstruction Market Size

Key Players

Allergan Inc, Sientra Inc, GC Aesthetics, Mentor Worldwide LLC (Part of Johnson & Johnson), Establishment Labs, Polytech Health & Aesthetics GmbH (Deutsche Beteiligungs AG). Apart from them, more names have equally contributed to the market; they are Groupe Sebbin SAS, HansBiomed Co. Ltd, Laboratoires Arion, Cereplas, Ideal Implant Inc, Shanghai Kangning Medical Supplies Ltd, Guangzhou Wanhe Plastic Materials Co. Ltd

Breast Reconstruction and Augmentation Market Segmentation

In the reports of MRFR, the global breast reconstruction and augmentation market have been segmentation on the basis oftype, product type, end-user, and region.

By the mode of type, the market is segmented into implant reconstruction, Autologous or "flap" reconstruction.

By the mode of product type, the market is segmented into silicone, saline.

Whereas, the end-user segment is segmented into hospitals & clinics, ambulatory surgical centers, cosmetic surgery centers, and others.

Regional Outlook

In the current scope of the study, regionally, the market of breast reconstruction and augmentation market has covered significant regions of North America, Europe, Asia Pacific, and the Middle East & Africa.

Among them, North America accounts for the largest regional market by observingan increasing number of cosmetic procedures that are performed annually, rising number of clinics coupled withthe wide availability of skilled specialists in breast implantation field. On the other hand, several leading and new players are active as they are focusing more on research and development activities to include various new technologies to overcome issues in existing implants. Such event was observed in September 2016, when Allergen received the US FDA approval to market NATRELLE INSPIRA, a consistent breast implant as its newest category into gummy implants to increase breast fullness.

Next is the Europe region, which is anticipated to embracethe second largest market for breast implants during the forecast period. According to Statista, 48,240silicone type breast augmentation surgeries performed in Italy in 2017 was.

Moreover, the Asia-Pacific region is also forestalled to exhibit a higher growth, owing to the condensed cost of implantation procedures andincreased medical tourism in countries such as India, China, and other South-East Asian economies. On this, according to IndiCure Health Tours Pvt. Ltd, an Indian Medical Tour consulting company, leveraged breast implant surgeries in India at almost one-third of the cost for the procedures in the US.