Over the recent past, cosmetic procedures have witnessed an exponential increase. Among cosmetic surgeries, breast implant procedures have been in high demand across the globe. An increase in healthcare spending, rise in the incidence of breast cancer, availability of progressive health insurance policies, and the evolving phenomena of improving one’s physical appearance are the key reasons behind the soaring demand for breast implant surgeries. As a result, in the coming years, the breast implants market is poised to register phenomenal expansion. Due to this, major industry players in the market are predicted to engage in fruitful partnerships, strategic mergers & acquisitions, and robust innovation. The cumulative force of these factors is set to unlock fresh economic opportunities in the breast implants market.
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Rising Incidence of Cancers to Augment Demand in Global Breast Implants Market
Breast cancer is among the most common types of cancer. In several cases, a mastectomy is suggested as one of the ways to tackle breast cancer. Under such a case, women often choose to reconstruct the affected breast which, in turn, is driving the demand for breast implants. Moreover, insurance companies have started to cover breast implant procedures, providing much-needed financial assistance to women who battle this disease and would like to opt for breast reconstruction surgery. This trend is supported by the presence of flourishing and sophisticated healthcare facilities, particularly in urban settings of the world. By the end of the forecast period, the rise in the incidence of breast cancer in both emerging and developed regions of the world is projected to unleash favorable business outcomes in the breast implants market.
Promising Outlook Toward Breast Augmentation Surgeries to Enhance Physical Appeal Drives Breast Implants Market Expansion
From social media influencers to actors, breast augmentation surgeries are increasingly being opted by people around the world. This trend is most evident in developed nations and among millennials. The demand for breast implants for aesthetic appeal is majorly driven by an individual’s desire to attain a certain body type. People who have undergone such procedures have reported an improvement in how they perceive themselves, i.e., an increase in their self-esteem and self-confidence. This promising outlook towards breast augmentation procedures, coupled with an increase in disposable incomes, is set to unleash fruitful business opportunities in the global breast implants market. This viable business scenario is anticipated to attract the interests of key players present in the breast implants market, compelling them to increase their investments in the market.
North America to Reign Supreme in Breast Implants Market Amidst Presence of Advanced Healthcare Facilities
North America is expected to sustain its lead as the most significant breast implants market. This region has been witnessing a steady increase in the incidence of breast cancer which is positively influencing its breast implants market. Furthermore, it is progressive in its healthcare infrastructure and has a lucrative population base that seeks breast augmentation surgeries for aesthetic purposes. All these factors are set to drive North America’s breast implants market to sound maturity. On the other hand, the Asia Pacific is emerging as a promising market owing to an increase in the prevalence of breast cancer in the region.
Major Market Players
Some of the most prominent vendors operating in the global breast implants market include GROUPE SEBBIN SAS, GC Aesthetics, Allergan plc, Mentor Worldwide LLC, Guangzhou Wanhe Plastic Materials Co., POLYTECH Health, KOKEN CO. LTD., PMT Corporation, and Sientra, Inc.; Ltd.
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