According to a recent press release by SBWire, the rising desire to look attractive and fit among women augments demand for breast implants procedures. As per the report, the global breast implants market was worth $2.6 billion in 2018 and is anticipated to reach $4.3 billion by 2026. The market is likely to expand at a CAGR of 6.7 per cent between 2018 and 2026. As per a study by the International Society of Aesthetic Plastic Surgery, breast augmentation surgery with the help of implantation will rise to 13 per cent across the world between 2016 and 2027.
Primarily, breast implants are made of saline and silicone. Also, anatomical and round are two shapes in which breast implants can be found. Of these, the silicone segment has covered the maximum share in 2018. And, primarily, it is the silicone breast implants that are driving the segment’s growth. These types of implants are FDA approved for breast augmentation in women aged 22 years and above.
Furthermore, the market for saline breast implants are expected to register considerable growth in the market owing to their cost-effectiveness. With $1.0 billion in 2018, women in North America to highly prefer breast implant products.
North America is expected to hold dominance in the global breast implants market through the forecast years. As quoted in the release, a lead analyst at Fortune Business insights has said, “In 2018, the market was valued at $1.0 billion and is likely to remain dominant due to the presence of several leading players in the region.”
Favourable healthcare reimbursement policies aids expansion of the breast implants market growth in North America. As per the American Society for Aesthetic Plastic Surgery, the US registered around 333,392 breast augmentation procedures in 2017. This shows that the demand for breast implants products is likely to increase in the US, thereby increasing the breast implants market size in North America. Women believe that breast implantation can boost their self-confidence and improve their body figure.