"We Envision Growth Strategies Most Suited
to Your Business"
The global breast implants market size is projected to reach USD 3.05 billion by the end of 2027. Recent advancements in surgical procedures have reduced the adverse effects and subsequently aid the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Breast Implants Market Size, Share & COVID-19 Impact Analysis, By Product (Breast Implants and Tissue Expanders), By Material (Silicone and Saline), By Procedure (Breast Augmentation and Breast Reconstruction) By End User (Hospitals and Specialty Clinics), and Regional Forecast, 2020-2027,” the market was worth USD 2.76 billion in 2019 and will exhibit a CAGR of 7.2% during the forecast period, 2020-2027.
Breast implants are surgical procedures that are conducted to reconstruct the size and shape of breasts. These procedures are related with enhancing the physical appearance of the woman. The rising adoption of modern and visually appealing lifestyle habits will contribute to the growth of the breast implants overall market in the forthcoming years. The increasing number of implant procedures will emerge in favor of healthcare organizations across the world. The reduced costs of surgical procedures, coupled with the decreasing adverse effects will contribute to the growing adoption across the world. According to the International Society of Aesthetic Plastic Surgery, the number of breast augmentation surgical procedures rose by 6.1% during the year 2017-2018. However, the chances of developing cancer and the rising awareness regarding body-positivity and acceptance in the society will hamper the growth of the overall breast implants market in the foreseeable future.
Abbvie’s Acquisition of Allergan will Emerge in Favor of Market Growth
The report highlights a few of the major company mergers and acquisitions of recent times and discusses their impact on the growth of the overall market. Accounting to the rising demand and adoption of breast implant surgeries, several large scale healthcare organizations are looking to collaborate with financial organizations across the world. Mergers have helped these organizations offer improved customer service and subsequently generate massive revenue. In March 2020, Abbvie announced that it has completed the acquisition of Allergan. Through this acquisition, the company will gain access to Allergan’s exceptional portfolio of healthcare products and services associated not just with breast implants procedures, but also other applications. AbbVie’s acquisition of Allergan is a major highlight of recent times. This acquisition will not just influence the growth of the market, but will also encourage other companies in the global market.
To get a detailed report summary and research scope of this market, click here:
Increasing Number of Breast Augmentation Surgeries will Aid Growth
The report includes several factors that have contributed to the growth of the overall market in recent years. It discusses the ongoing trends in the market and highlights the areas that hold a massive potential for future growth. The rising number of breast augmentation procedures will create several growth opportunities for the companies operating in the market. Accounting to the reduced side effects of these implants, they have witnessed a huge adoption in recent years.
AbbVie is Among the Leading Companies in the Global Market
The report highlights a few of the major companies in the market. It discusses the strategies adopted by these companies with the aim of establishing a stronghold in the market. AbbVie is among the leading companies that has made huge progress in recent years. The company has constantly adopted newer strategies and invested in technological intervention in its products and medical services. The company is also involved in several mergers and acquisitions; a step that has emerge in its favor.
List of companies profiled in the report:
The global market is segmented on the basis of:
Global Breast Implants Market Scope
Value (USD billion)
By End User