Gel Implant Market: Current Analysis and Forecast (2023-2030)

Report Description

The Gel implant market was valued at USD 1,821.6 million in 2022 & is expected to grow at a CAGR of 3.7% from 2023-2030. The gel implant market refers to the sector of the healthcare and medical device industry that involves the development, manufacturing, marketing, and distribution of gel-based implants. These implants typically consist of gel-like substances and are used for various medical and aesthetic purposes. The global aging population is a significant driver as individuals seek aesthetic procedures, including dermal fillers and other gel implants, for facial rejuvenation and volume restoration. For instance, according to WHO, In 2022, there were 771 million people aged 65+ years globally, accounting for almost 10% of the world’s population. This segment has been growing at an increasing rate, and it’s expected to hit 16% in 2050, and eventually 24% by 2100. Furthermore, ongoing advancements in technology, including the development of innovative gel implant materials and manufacturing processes, contribute to the growth of the market. Moreover, growing awareness about aesthetic procedures, coupled with increased societal acceptance, encourages individuals to consider gel implants for cosmetic enhancements.

Some of the major players operating in the market are AllerganAesthetics, Mentor Worldwide LLC., Sientra, Inc, Arion Laboratories, GC Aesthetics, Sebbin, Guangzhou Wanhe Plastic Material Co.,Ltd, POLYTECH Health & Aesthetics GmbH, HansBioMed, Silimed. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, the silicone gel implant segment held a significant share of the market in 2023.”

Based on the product, the market has been categorized into silicone gel implant and gummy bear implants. Among them, the into silicone gel implant segment is expected to grow at a higher CAGR in the market. The silicone gel implant segment has been notable in the aesthetic and reconstructive surgery market, particularly in breast augmentation and reconstruction, have further contributed to the growth of this segment. Silicone gel implants are known for providing a more natural look and feel compared to some other materials. This characteristic makes them a popular choice, especially in aesthetic procedures like breast augmentation. Silicone gel implants are designed to be durable and have a longer lifespan, contributing to their popularity among individuals seeking longer-lasting results.

“Amongst application, the cosmetic surgery segment held the higher CAGR in the market in 2023.”

Based on the application, the market has been categorized into cosmetic surgery, reconstructive surgery. Among them, the cosmetic surgery segment is expected to grow at a higher CAGR in the market. due to increase in social acceptance of cosmetic procedures. Attitudes towards these procedures have evolved, reducing stigma and encouraging more individuals to consider cosmetic surgery. Technological advancements in cosmetic surgery procedures, including safer and more precise techniques, have contributed to increased patient confidence and interest in these procedures. The growth of the global economy and increasing disposable income levels, especially in certain regions, has made cosmetic surgery more accessible to a broader demographic. Moreover, the popularity of minimally invasive procedures, such as injectables (e.g., dermal fillers and Botox), has surged. These procedures offer quicker recovery times and fewer associated risks compared to traditional surgical interventions.

“North America dominated the gel implant market in 2023.”

The North America gel implants market is expected to continue to grow in the coming years, driven by the increasing prevalence of breast cancer and growing awareness of gel implants among healthcare professionals and the general population. For instance, in 2020, according to American Cancer Society, In 2023, an estimated 2,800 new cases of invasive breast cancer are expected to be diagnosed in men. A man’s lifetime risk of breast cancer is about 1 in 833. There are currently more than four million women with a history of breast cancer in the United States.

Gel implant Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Gel implant market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Frequently Asked Questions (FAQ)

Research Methodology

Research Methodology for the Gel Implant Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Gel implant market were the three major steps undertaken to create and analyze the adoption of gel implant in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Gel implant market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Gel implant market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Gel implant market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Gel implant market. Further, we conducted factor analysis using dependent and independent variables such as product, application and end-users of the Gel implant market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Gel implant market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Gel implant market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Gel implant market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Gel implant market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Gel implant market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, application and end-users in the global Gel implant market.

The main objective of the Global Gel implant Market Study

The current & future market trends of the global Gel implant market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Gel implant market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the product, application and end-users
• Define and analysis of the regulatory framework for the Gel implant industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Gel implant market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Gel implant market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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Get in touch with team