- Market to grow at a CAGR of 6.08 percent during the period 2014-2018
According to the latest research findings by the independent London-based global research firm TechNavio, Silicone Breast Implants account for 77 percent of the Global Breast Implants Market. The findings are from the latest published report on Global Breast Implants Market for the period 2014-2018.
As per research analysis, silicone breast implants and saline breast implants are the two types that dominate this market globally. In 2013, the market valued at US$936.5 million will grow at a steady rate during the forecast period due to the presence of several factors. One of the key drivers being the increase in product innovation, which is leading to the launch of advanced products for breast augmentation, which is also encouraging market expansion by providing greater product choice to patients and physicians.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “The Global Silicone Breast Implants market will be growing at a CAGR of 8.95 percent during the forecast period. This will be due to the increasing in patient preferences for silicone breast implants over saline breast implants, as silicone implants feel more like natural breasts and are less prone to wrinkles.”
The future growth in the market will be stemming from anatomical breast implants, which are rising in reputation, and from the approval of better, more solid consistency silicone versions that will be carrying relatively less risk of rupture or leakage.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Breast Implants Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Breast Implants Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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