Breast Implants Market - Growth Drivers and Challenges
Growth Drivers
- Growing demand for reconstructive surgery: The market is remarkably expanding as a result of increasing demand for reconstructive surgery. In this regard, the U.S. FDA in 2023 reports that 40.5% of the total 268,000 breast cancer cases in the U.S. opted for reconstructive surgery, highlighting the post-mastectomy demand. Besides, the AHRQ study in 2022 revealed that early-stage breast reconstruction successfully reduced hospitalization expenses by 23.7% in a span of two years in the U.S.
- Technological progression in implant materials: Both technology and patient safety are positively revolutionizing the breast implants sector. Exemplifying the same, the 2023 FDA Safety Communication imposed a mandatory strong post-market surveillance, thereby boosting patient confidence. On the other hand, in 2024, Johnson &Johnson announced the launch of MemoryGel BOOST, which is a high-strength silicone implant demonstrating 15.6% low rupture rates, thus denoting a positive market opportunity.
Historical Patient Growth Analysis: Foundation for Future Market Expansion
Historical Patient Growth (2010 - 2020) - Breast Implant Users (Millions)
|
Country |
2010 |
2015 |
2020 |
CAGR (2010–2020) |
|
U.S. |
0.83 |
1.13 |
1.47 |
6.1% |
|
Germany |
0.33 |
0.44 |
0.61 |
6.7% |
|
France |
0.26 |
0.36 |
0.49 |
6.6% |
|
Spain |
0.19 |
0.27 |
0.34 |
6.3% |
|
Australia |
0.13 |
0.18 |
0.24 |
6.8% |
|
Japan |
0.29 |
0.41 |
0.53 |
6.5% |
|
India |
0.12 |
0.18 |
0.31 |
12.5% |
|
China |
0.22 |
0.39 |
0.68 |
12.4% |
Feasible Expansion Models Shaping the Future Market
Revenue Feasibility Models (2020 - 2024)
|
Strategy |
Region |
Revenue Impact |
|
Localized Manufacturing |
India |
13.2% revenue growth (2022 - 2024) |
|
Medicare Reimbursement |
U.S. |
9.3% revenue increase (2023) |
|
Medical Tourism Bundles |
Thailand |
15.6% higher margins (2023) |
Challenge
- Barriers in governmental pricing strategies: The administrative-imposed pricing strategies have hindered the breast implants market expansion in almost all nations. For instance, in France, CEPS capped implant prices at €853.7, capping manufacturing profits for about 22.5%. Simultaneously, in Germany, G-BA is demanding dual approvals, thereby adding 9 months to 12 months for the product to gain market entry. However, Allergan combated this with hospital bundling deals, hence suitable for market development.
Breast Implants Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
7.2% |
|
Base Year Market Size (2024) |
USD 2.8 billion |
|
Forecast Year Market Size (2034) |
USD 5.3 billion |
|
Regional Scope |
|