The anticipated size of the gel implants market in 2022 was USD 1,174.7 million and is estimated to be USD 1,215 million in 2023.
Rise in demand and awareness about cosmetology is hence expected to create lucrative growth opportunities for the gel implant market in the upcoming years. Future Market Insights has mentioned in its reports that the gel implants market will expand at a CAGR of 3.8% between 2023 and 2033, totaling around USD 1,760 million by 2033.
Breast implants made of gel are placed beneath the breast tissue for enlargement and to improve physical attractiveness. In cases such as breast cancer, breast implants are utilized at the site where the breast tissue has been removed. Gel implants are becoming more popular as people become more mindful of their physical appearance.
Many women are opting for gel implants as a discretionary expense, which mainly focuses on improving physical appearance. A series of positive and desired outcomes seen in the population is also acting as an influential factor for the growth of the gel implants market.
Attributes | Details |
---|---|
Projected Forecast Value (2022) | USD 1,174.7 million |
Projected Forecast Value (2023) | USD 1,215 million |
Projected Forecast Value (2033) | USD 1,760 million |
Growth rate | 3.8% CAGR |
Forecast period | 2023 to 2033 |
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Global gel implants market grew at a CAGR of 3.5% between 2017 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 3.8% between 2023 and 2033.
Gel implants are also gaining more attention with the influence of social media content and marketing, conveying the success rate to their target audience. Novel approaches that offer a smooth procedural flow are being incorporated currently, for example, silicone gel implants feel like natural breast tissue, thus making them more preferred and accepted.
Compared to saline or gummy bear breast implants, silicone gel implants are gaining more traction in terms of adoption, due to the higher viability of products, and greater satisfaction of use amongst users. These implants can meet the need and provide comfort to their recipients.
Rising prevalence of breast cancer is also another reason for the high demand for gel implants. Surgical removal of breasts leads the patient to opt for gel implant products. Individuals can choose from a wide range of gel implants as per their preference, which is expected to propel sales in the market.
Rise in Preference for Aesthetic Procedures Creates Opportunities for Growth in the Market
Silicone gel implants are preferred since these implants fulfill the unmet needs during breast reconstruction. Increasing preference for aesthetic procedures is creating opportunities for growth in the market. Breast augmentation is also becoming highly popular considering various physiological and psychological factors influencing the procedural uptake among individuals.
Growing prevalence of breast cancer also has an impact on the growth of the gel implants market. Surgical removal of breasts leads patients to opt for breast augmentation.
Additional Surgeries Maintains the Structure of the Implants by Limiting the Sales of Gel Implants
The FDA has warned about the risk associated with gel implants for example in some cases, there could be occurrences of breast implant illness, breast implant-associated-anaplastic large cell lymphoma, breast pain, rupture of gel implants, and further infection.
Breast implants are also not lifetime devices, how long the implant lasts varies from person to person. Complications can also vary, and knowing these factors, it becomes a deciding approach to not opt for breast implants. Often individuals also require additional surgeries to maintain the structure of the implants as these factors are expected to limit sales of gel implants in the forthcoming years.
Rising Popularity of Gummy Bear Implants for Breasts Will Fuel Growth
The United States dominated the North American gel implants market, accounting for 22.50% of the total market share whereas North America holds a value share of 25.30%. Growth can be attributed to the growing adoption of breast augmentation procedures in the country, making it one of the most popular cosmetic procedures among individuals.
Rising prevalence of breast cancer in the United States is also expected to have a direct impact on sales of gel implants.
Increasing awareness and adoption rate because of the effectiveness of gel implants is the chief factor expected to push sales in the United States gel implants market over the forecast period.
Growing Adoption of Silicone Gel Breast Implants Will Boost Sales
Total demand for gel implants in Europe accounted for 28.80% of the European gel implants market share.
Europe’s breast implants market was mainly divided into cosmetic surgery and reconstructive surgery. Growth in the adoption of silicone gel breast implants automatically boosts its sales, therefore, it is projected to grow at the fastest rate during the forecast period owing to a lower rate of infection or complications. United Kingdom was considered to occupy a major portion of this market expanding at a CAGR of 3.60%.
Increase in Economic Stability and Disposable Income
Asia Pacific is anticipated to be one of the dominant-growing regions during the forecast period which owes to an increase in economic stability and disposable income.
Asian countries like India and China have dense populations, leading to robust growth and burden of geriatric population. Countries like these are also popular for their low-cost treatment, which makes them a preferred market for medical tourism. India, thus, considerably expands at a CAGR of 4.10% whereas China expands at a CAGR of 4.70%.
Growing adoption of cosmetic gel implants is one of the significant factors driving the market. Introduction of novel technologies and high awareness about silicone procedures are expected to impel growth over the forecast period.
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Sales of Silicone Gel Implants Will Continue Gaining Traction
Silicone gel implants are the most widely adopted solution globally, accounting for about 86.70% of the total market share. Silicone gels are most preferred as they provide a more natural look and are also less prone to any kind of allergies. They also feel more like natural breast tissue, thus providing comfort to individuals.
Adoption of Gel Implants in Cosmetic Surgeries to Remain High
Demand for cosmetic surgery accounts for around 80.60% of the total market share. According to the American Society of Plastic Surgeons, there has been a surge in the number of women wanting to go for cosmetic surgeries, compared to the pre-pandemic era, thus, propelling the overall growth in the gel implants market.
Sales of Silicone Gel Implants for Breast Augmentation Procedures at Hospitals Will Increase
Hospitals accounted for 65% of the total market share and the trend is expected to continue over the forecast period. High admission rates of breast reconstruction and augmentation procedures within hospital settings across the globe will continue pushing sales in this segment over the forecast period.
Some of the important key players are-
Some of the major developments are-
Attribute | Details |
---|---|
Base Year Market Size (2022) | USD 1,174.7 million |
Projected Market Valuation (2023) | USD 1,215 million |
Projected Market Valuation (2033) | USD 1,760 million |
Value-based CAGR (2023 to 2033) | 3.8% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD million for Value |
Segments Covered | Product, Application, End-Use, Region |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Covered | Allergan plc (AbbVie); Mentor Worldwide LLC (Johnson & Johnson); Sientra, Inc.; Ideal Implant Incorporated; Arion Laboratories; CEREPLAS; GC Aesthetics; GROUPE SEBBIN; Guangzhou Wanhe Plastic Materials; Hans Biomed Corp; POLYTECH Health & Aesthetics; Silimed |
Customisation & Pricing | Available upon Request |
The rising new development of construction polymers is the current market trend.
The market is valued at USD 1,215 million in 2023.
Ideal Implant Incorporated and Arion Laboratories are the key players in the global market.
Hospitals are estimated as a key segment in the global market.
Players opt for innovations, collaborations, and mergers.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Silicone Gel Implants 5.2. Gummy Bear Implants 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Cosmetic Surgery 6.2. Reconstructive Surgery 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Specialty Clinics 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Allergan plc (AbbVie) 18.2. Mentor Worldwide LLC (Johnson & Johnson) 18.3. Sientra, Inc. 18.4. Ideal Implant Incorporated 18.5. Arion Laboratories 18.6. CEREPLAS 18.7. GC Aesthetics 18.8. GROUPE SEBBIN 18.9. Guangzhou Wanhe Plastic Materials 18.10. Hans Biomed Corp 18.11. POLYTECH Health & Aesthetics 18.12. Silimed 19. Assumptions & Acronyms Used 20. Research Methodology
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