Global gel implants market in 2022 was USD 1,174.7 million and is estimated to be USD 1,215 million in 2023. 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.
Robust growth of breast cancer is increasing at a tightened rate across the world every year. Treatment of breast cancer mainly is inclusive of radiation therapy and breast cancer surgery. Breast surgery can either be a mastectomy (full breast removal) or a lumpectomy (partial breast removal). Such operations help in deforming the breast’s shape and thus, the requirement of breast reconstruction surgery, which in general drive the usage of these implants.
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The risk associated with the gel Implants and the rigorous regulatory approval process of the product is considered to be likely to block the growth of the market. The COVID-19 pandemic had a deep impact on elective and non-urgent surgeries across the world. Demand for breast implants thus majorly affects the outbreak of the COVID-19 pandemic. Various implementation of lockdowns for restricting the spread of the virus has led to restrictions in movement and a decline in clinical visits as well as disruptive demand and supply chain because of logistical restrictions during the pandemic has also majorly affected the gel Implants market.
Key Takeaways from the Market Study
- Anticipated size of the gel implants market in 2022 was USD 1,174.7 million.
- Global gel implants market expanded at a CAGR of 3.5% between 2017 and 2022.
- The United States accounts for 22.50% of the total market share.
- North America holds a value share of 25.30%.
- Total demand for gel implants in Europe accounted for 28.80% of the European gel implants market share.
- Under product type, silicone gel implants are mostly adopted, accounting for about 86.70% of the total market share.
- Under application type, demand for cosmetic surgery accounts for around 80.60% of the total market share.
“Additional surgeries maintains the structure of the implants by limiting the sales of gel implants is considered one of the major restraints of the gel implants market”, comments a Future Market Insights Analyst.
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Competition Landscape
Leading players operating in the global gel implants market are launching innovative products to improve their product portfolios. They are also investing in mergers, acquisitions, and collaborations to expand their global presence. For instance:
- GC Aesthetics had launched a highly innovative and advanced version of the product, along with added safety features where the next generation of breast implants PERLE.
- Aziyo Biologics, Inc., and Sientra, Inc., had announced that they have entered into an agreement for the expansion and distribution of Aziyo’s SimpliDerm product line under the agreement terms, where Aziyo had granted Sientra certain non-exclusive rights in the United States to market, by eventually selling and distributing SimpliDerm for selective usage in reconstruction surgery.
Some of the Important Key Players Are-
- 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
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Key Market Segments Covered in Gel Implants Industry Research
By Product:
- Silicone Gel Implants
- Gummy Bear Implants
By Application:
- Cosmetic Surgery
- Reconstructive Surgery
By End-User:
- Hospitals
- Specialty Clinics
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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 stands as 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.
