The Gel Implants Market is experiencing a surge in popularity, driven by a growing desire for aesthetic enhancement and a rising awareness of cosmetology advancements. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is projected to reach a staggering US$1.76 billion by 2033. This signifies a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 3.8% from 2023.
Market on the Rise:
The industry has already witnessed significant growth, with the market valued at approximately US$1.17 billion in 2022 and projected to reach US$1.21 billion by the end of 2023. This upward trend highlights the rising popularity of cosmetic procedures utilizing gel implants.
Request a Sample Copy of This Report Now Use Work Email To Get Quick Reply.
https://www.futuremarketinsights.com/reports/sample/rep-gb-14220
What is Driving the Demand of the Global Gel Implants Industry?
The main factors driving the growth of the gel implants market include the increased focus on physical appearance and the increasing availability of inexpensive silicone cohesive breast implants. In addition, the increasing prevalence of breast cancer and the availability of a wide range of breast implants are driving the growth of the market.
For instance, according to the American Society of Plastic Surgeons, it was estimated that approximately 1,93,073 breast augmentation surgeries were performed in 2020.
Silicone gel implants were highly preferred by all the women seeking breast augmentation surgeries since they have higher quality in terms of appearance and firmness as compared to saline ones. Thus, the increased preference of the target population is expected to increase the demand during the forecast period.
Breast augmentations are becoming increasingly popular in emerging markets. The main reasons for this are increased economic prosperity and disposable income amongst the working population, increased influence of the cosmetic and fashion industry, increased people’s awareness of the latest products and processes, and low business start-up costs.
The growing prevalence of breast cancer is another key driver that is anticipated to propel the growth of the Global Gel Implants Industry. According to WHO, in the year 2020, the number of diagnosed cases of breast cancer was a staggering 2.3 million, and around 685,000 deaths occurred due to breast cancer, globally.
The increasing prevalence of breast cancer has led to an increase in the number of women undergoing breast mastectomy, that is breast augmentation. Surgical removal of one or both breasts leads to more women undergoing breast augmentation. According to the American Society of Plastic Surgeons, approximately 36,367 women underwent breast augmentation surgeries as a preventative measure against breast cancer. Increased awareness amongst women about preventative procedures against cancer is another key driver of the Global Gel Implants Industry.
Prayasta: Using 3D Technology for Breast Augmentation
Bengaluru-based start-up ‘Prayasta’ is reaching new heights in the breast augmentation industry. The company was established in 2017 and is developing a 3D printing technology to manufacture personalized breast implants for the target audience.
They have developed an in-house printer Silimax P250, from scratch to cater to the women who have to undergo mastectomy either due to suffering from breast cancer or as a preventative measure. The company wants to ensure “one-to-one personalization” for all women since every woman’s body is different in structure, size, and shape so they can provide the implant that is closest to its natural counterpart.
U.S. and Canada Gel Implants Demand Outlook
U.S. and Canadian regions hold a large chunk of the Global Gel Implants Industry. The reason for such a high market share is due to the increased awareness of breast cancer, which is leading to many women opting for preventive mastectomy procedures.
Increased popularity and adoption of gel implants due to the higher efficacy of cohesive gel implants are expected to fuel the growth of this demand in the forecast period in this region.
For instance, on October 20, 2021, Sientra, Inc. announced that they have collaborated with a nonprofit organization ‘Mission Plasticos’ dedicating their venture to providing reconstructive surgical care to medically underserved and needy communities around the world with their program “ Reshaping Lives: Full Circle”.
Europe Gel Implants Demand Outlook
Europe holds a moderately high share in the Global Gel Implants Industry. Factors such as the rising occurrence of breast cancer in Europe and the rise in breast cosmetic operations are likely to boost the market’s growth.
On the other hand, due to the disadvantages of breast implants, such as scarring or rippling, the market is anticipated to suffer a negative impact. In Europe, breast augmentation is the most popular cosmetic operation.
For instance, in April 2019, The German Federal Cabinet announced the initiation of a digital implant register for all German patients to ensure the safety of all the patients undergoing implant surgeries.
Who are the Key Manufacturers of the Gel Implants Market?
The key manufacturers of the Gel Implants Market are
- Allergan Inc.
- Arion Laboratories
- Cereplas
- Establishment Labs
- Mentor Woldwide LLC (Johnson & Johnson Services Inc.)
- GC Aesthetics PLC
- Sientra Inc.
- Groupe Sebbin SAS
- Polytech Health & Aesthetics GmbH
- HansBiomed Co Ltd.
- Guangzhou Wanhe Plastic Materials
- Ideal Implant
- and Silimed.
On October 14, 2021, GC Aesthetics announced a new partnership with RepCa Medical, a Guatemalan distributor in Latin America. The partnership is aimed at providing their customers with the latest technology, quality, safety, innovation, and support.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Gel Implants Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth.
Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may time to reflect in the analysis
Access Exclusive Market Insights – Purchase Now!
https://www.futuremarketinsights.com/checkout/14220
Gel Implants Market Key Segments:
By Type:
- Cohesive Gel Implants
- Highly Cohesive Gel Implants
- Gummy Bear Gel Implants
By Shape:
- Round
- Anatomical
- Tear drop
By Indication:
- Cosmetic Surgery
- Reconstruction Surgery
- Preventive Surgery
By End-User:
- Hospitals
- Cosmetology Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
