Global breast implants market anticipated to grow at CAGR 4.1% during 2016-2024
American Society for Aesthetic Plastic Surgery stated that, breast augmentation was the second most common surgical procedure performed with 305,856 surgeries in 2015. This has led to a growing number of breast augmentation procedures in countries such as the US, Brazil, Mexico and Colombia. The global breast implants market is categorized into the five key regions of North America (growing with a CAGR of 4.0%), Latin America, Asia Pacific, Europe and the MEA while APAC is expected to register a value CAGR of 4.7%. The global breast implants market was valued at USD 1042.4 million in 2015 and is anticipated to increase to USD 1,482.1 million by 2024-end, registering a CAGR of 4.1% during 2016–2024. The key drivers for the increase of global breast implants market is considered to be a rapidly aging baby boomer population with an increased focus on their physical appearance coupled with wider availability of highly cohesive silicone breast implants also a growing prevalence of breast cancer and the availability of an expanded product line with premium pricing are leading to greater sales.