Technavio, a tech-focused market research firm, has published a new report on the global breast implant market, which is expected to grow at a CAGR of more than 6% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global breast implant market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global breast implant market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global breast implant market for 2015 (market share %)
|
Americas |
51.12% |
|
EMEA |
38.45% |
|
APAC |
10.43% |
Source: Technavio
The America: largest revenue generating region for breast implant
The global breast implant market in the Americas generated revenues of around USD828 million in 2015 and is expected to grow at a CAGR of almost 6% by 2020. The presence of large aesthetically conscious population in the region will contribute to the growth of the American market during the forecast period. The high disposable incomes will increase the number for both surgical and nonsurgical procedures in the Americas. The US will emerge as the key revenue generator in the market in this region. It was estimated that the breast augmentation is the second most demanded surgery in the American market during 2015 and it accounted for approximately 305,856 procedures.
“The rising cases of cancer and mastectomies in the US market is driving the requirement for breast reconstruction procedures. The extensive use of breast implants is mainly for reconstruction to restore the actual breast shape. The introduction of saline implants is gaining immense interest among women that are looking for shaped implants and helping in the growth of this market segment. Furthermore, saline implants have better shelf-life and involve fewer complications which will lead to a rise in the revenue and profit margins of vendors,” says Amber Chourasia, a lead analyst at Technavio, specializing in research on health and wellness.
Click here to request a free sample of this report
Breast implant market in EMEA
The global breast implant market in EMEA generated revenues of about USD623 million in 2015 and is expected to grow at a CAGR of more than 6% by 2020. The increasing availability of enhanced invasive and non-invasive techniques will contribute to the growth of the European market. Eastern European countries offer low cost and quality care procedures, making it the most popular destination for cosmetic surgeries that includes breast augmentation and reconstruction operations. The regulatory bodies in the region are implementing guidelines to ensure the safety and traceability of various medical devices and implants. The establishment of these regulations will increase the confidence and reduce the concerns surrounding breast implants.
Breast implant market in APAC
The global breast implant market in APAC generated revenues of around USD169 million in 2015 and is expected to grow at a CAGR of close to 11% by 2020. The growing acceptance of cosmetic surgeries, changes in lifestyle, greater affordability, and availability of better infrastructure will make APAC the fastest growing region in the market. Furthermore, the market is driven by the rise in medical tourism in the APAC region. Countries like India, China, Thailand, Japan, and South Korea will contribute the highest revenues in the APAC market. The government of various countries in the region is endorsing medical tourism and providing resort-like settings, encouraging patients to combine a vacation with cosmetic surgery.
The top leading vendors operating in the global breast implant market are:
- Allergan
- Mentor Worldwide
- GC Aesthetics
- Sientra
Other prominent vendors in the market include Arion Laboratories, Silimed, Establishment Labs, Groupe Sebbin, Guangzhou Wanhe Plastic Materials, Hans Biomed, Cereplas, Ideal Implant, and Polytech Health & Aesthetics.
A more detailed analysis is available in the Technavio report titled, ‘Global Breast Implant Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Plastic Surgery Products Market 2016-2020
- Global Women’s Health Market 2016-2020
- Global Medical Aesthetics Market 2016-2020
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