Global Gel Implants Market Size, Share And Growth Analysis For 2024-2033
Global Gel Implants Market Size Share And Growth Analysis For 2024-2033
Global Gel Implants Market Size, Trends, And Forecast 2024-2033
LONDON , GREATER LONDON , UK , August 29, 2024 /EINPresswire.com/ -- The global gel implants market is projected to grow from $1.25 billion in 2023 to $1.32 billion in 2024, at a compound annual growth rate (CAGR) of 5.3%. Despite challenges from economic fluctuations and evolving regulatory standards, the market is anticipated to reach $1.64 billion by 2028at a compound annual growth rate (CAGR) of 5.6%, driven by increasing consumer demand for aesthetic enhancements and the rising prevalence of breast cancer.
Increasing Prevalence of Breast Cancer Drives Market Growth
The increasing prevalence of breast cancer is a significant factor contributing to the growth of the gel implants market. Breast cancer, which originates in the cells of the breast, often necessitates mastectomy followed by breast reconstruction using implants. The demand for gel implants has risen as they help restore lost breast volume and shape after surgery. For example, in June 2024, the Centers for Disease Control and Prevention reported 272,454 new cases of breast cancer diagnosed in women in the United States in 2021, leading to 42,211 deaths in 2022. This rising incidence of breast cancer is propelling the need for breast reconstruction surgeries, thereby driving the market growth for gel implants market.
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Key Players and Market Trends
Major companies operating in the gel implants market, such as Johnson & Johnson MedTech, Allergan Aesthetics (an AbbVie company), and Mentor Worldwide LLC (a Johnson & Johnson company), are focusing on developing advanced technologies to enhance patient safety, durability, and outcomes. Innovations in next-generation breast implants include the use of cutting-edge materials for greater durability and a more natural look and feel. For instance, in May 2021, Global Consolidated Aesthetics Limited launched PERLE, a next-generation breast implant featuring BioQ surface technology and emunomic gel for dynamic tissue response, reducing the risk of capsular contracture and providing a natural movement that mimics breast tissue.
Technological Advancements and Market Trends
The gel implants market is witnessing significant trends, including technological advancements, minimally invasive techniques, and the use of 3D printing technology in cosmetic surgeries. Fat grafting and gender affirmation surgeries are also gaining popularity. Companies are increasingly focusing on eco-friendly practices and developing implants that offer better compatibility and fewer complications.
Segments:
• By Product: Silicone Gel Implants, Gummy Bear Implants
• By Application: Cosmetic Surgery, Reconstructive Surgery
• By End User: Specialty Clinics, Hospitals
Geographical Insights: North America Leading the Market
North America was the largest region in the gel implants market in 2023, driven by a high prevalence of breast cancer, advanced healthcare infrastructure, and increasing consumer demand for aesthetic procedures. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Gel Implants Global Market Report 2024from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
TheGel Implants Global Market Report 2024byThe Business Research Company is the most comprehensive report that provides insights on gel implants market size, gel implants market drivers and trends, gel implants market major players, competitors' revenues, gel implants market positioning, and gel implants marketgrowth across geographies.The gel implants market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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