The Asian breast implants market is a growing segment of the global cosmetic surgery industry, with an increasing number of women opting for breast augmentation surgery in countries like China, South Korea, and Japan. This report aims to analyze the current state of the Asian breast implant market, including market size, growth trends, drivers and challenges, and key players in the industry.
Market Size:
Cosmetic surgery segment is expected to account for more than 75% revenue share of the Asian breast implants market by 2017 end and is expected to gain more than 150 BPS in its market share over the forecast period. The cosmetic surgery segment is slated to register a CAGR of 7.4% while the reconstructive surgery segment is expected to grow at a CAGR of 6.3% over the projected period.
Growth Trends:
Breast augmentation surgery is the most commonly performed cosmetic surgery procedure in Asia, with an estimated 70% of all cosmetic surgeries performed in South Korea being breast-related. This trend is expected to continue in the coming years, as more women in the region become interested in enhancing their physical appearance. Additionally, technological advancements in breast implant materials and surgical techniques are also expected to contribute to market growth.
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Drivers and Challenges:
One of the main drivers of the Asian breast implant market is the increasing disposable incomes of consumers in the region. As incomes rise, more women are able to afford expensive cosmetic surgery procedures. Another driver is the growing popularity of breast augmentation surgery among younger generations, who are more open to cosmetic surgery and place greater importance on physical appearance.
However, there are also several challenges facing the Asian breast implant market. One challenge is the lack of regulation in some countries, which can lead to unsafe surgical practices and low-quality implant materials. Additionally, there is still some cultural stigma surrounding cosmetic surgery in certain parts of Asia, which may limit the growth of the market.
Key Players:
Some of the key players in the Asian breast implant market include Allergan, Mentor Worldwide LLC, Sientra Inc., GC Aesthetics, and POLYTECH Health & Aesthetics GmbH. These companies are focusing on product development and marketing strategies to expand their market presence in the region.
Conclusion:
The Asian breast implant market is expected to experience significant growth in the coming years, driven by factors such as rising disposable incomes and changing beauty standards. However, there are also several challenges facing the market, including lack of regulation and cultural stigma. Overall, the market presents significant opportunities for companies in the cosmetic surgery industry.