Breast Implants Market Trends

Growth Drivers

• Rising Procedure of Breast Augmentation Across the Globe - Breast augmentation (augmentation mammoplasty) is surgery that is performed to increase the size of the breast. The procedure is conducted by placing breast implants, mostly made of silicon, under the chest muscle and breast tissues. Breast augmentation brings confidence in women by rebuilding the breast in the desired way. To avoid any pain or discomfort during the surgery, the person receiving it is kept under general anesthesia. As of 2018, about 10 million breast augmentation procedures took place across the globe.
• Growing Prevalence of Breast Cancer - As per the data provided by the World Health Organization (WHO), it is observed that nearly 2.3 million women were living with breast cancer while 685,000 women lost their lives in 2020.
• Increment in the Medical Tourism - Medical Tourism Association (MTA) stated that about 14 million people travel across countries to get necessary medical care.
• Increasing Prevalence of Cosmetic Surgeries - In 2019, approximately 12 million plastic surgeries were performed worldwide and the number is expected to increase exponentially.
• Developing Global Medical Technology - It is noticed that medical technology across the globe grew by 5.5% while the total spending on medical technology was estimated to be around USD 30 billion in 2019.

 Challenges

• Higher Risk of Breast Implant Side-Effects – Breast implantations can leave scar tissue that distorts the shape, breast pain, infection, abnormal sensations and others. Thus, the high number side-effect cases are expected to slower the adoption rate of blast implant in the forecast period.
• Expensive Procedure to Get Breast Implant
• Lack of Specialty Clinics and Medical Professionals