Latin America Breast Implants Market Report and Forecast 2024-2032

The global breast implants market was valued at USD 2.49 billion in 2023, with Latin America holding a significant market share. It is expected to grow at a CAGR of 6.90% during the forecast period of 2024-2032. The market is poised to secure a market value of USD 5.15 billion by 2032, driven by the rising incidence of cancer and the preference for minimally invasive reconstruction surgeries across the region.

Latin America Breast Implants Market Outlook

• In June 2022, GC Aesthetics®, Inc., a leader in Women's Healthcare Aesthetic and Reconstructive Solutions, announced plans to enhance its product portfolio specifically for Brazil. This expansion aims to cater to the unique demands of Brazilian women and surgeons with clinically proven, safe, and innovative products.
• The Latin America breast implant market share is expected to enhance due to rising breast cancer rates, with Argentina and Brazil reporting high incidences. Advanced-stage diagnoses are prevalent, particularly in Brazil where nearly 40% of cases are discovered late. This trend underscores a growing demand for breast implants in the region.
• The market size is poised to grow in coming years due to the increasing number of cosmetic surgeries. Brazil topped the share with 1.6 million cosmetic surgeries in 2021.

Latin America Breast Implants Market Analysis

Breast implants are used in procedures performed to enhance breast size, and reconstruct the organ is known as a breast implant. It is performed under different circumstances and requirements which are categorised majorly into two types cosmetic and reconstructive surgeries. Cosmetic surgeries are usually performed depending on the personal preferences of an individual. However, reconstructive breast surgeries are performed commonly when there is a medical condition involved such as breast cancer.

The Latin America breast implants market growth is driven by the increasing number of cosmetic surgeries due to the use of high-end technologies, and much cheaper prices in comparison to other regions globally. In 2021, Brazil performed the highest number of cosmetic surgery procedures, with over 1.6 million, topping the Latin American region. With nearly 672,683 surgical procedures, Mexico followed Brazil. Argentina and Colombia were also among the leading countries in cosmetic surgery procedures performed in the region in 2021.

The increasing incidence rate of breast cancer amongst women in the region is another factor boosting the Latin America breast implants market value. Breast cancer is the most common type of cancer, accounting for most cancer-related deaths among women across the globe. In Argentina, 19,000 new patients are diagnosed each year, and the incidence rate is 71 per 100,000 . According to the Brazilian National Cancer Institute, the disease is the most common malignant neoplasm affecting women. Additionally, it is notable that nearly 40% of all breast cancer cases among Brazilian women are diagnosed at advanced stages (III and IV).

In severe breast cancer cases, mastectomy is performed to prevent it from spreading, requiring the removal of the entire organ. It is also considered a useful option for treating breast cancer among women. With the rising number of reconstruction cases, there is a growing demand for breast implantation procedures in the market.

One of the major Latin America breast implants market trends include market players making strategic moves to expand their footprint across multiple regions. For instance, in June 2022, GC Aesthetics®, Inc. (GCA), a privately held medical technology company that provides women healthcare aesthetic and reconstructive solutions, announced their expansion to boost their product portfolio. It consisted of smart, unique, and clinically proven safe range of products to meet the needs of Brazilian women and surgeons. With the increasing demand for breast augmentation, and reconstructive surgeries across the region, the market is poised to witness an upward trajectory during the forecast period.

Latin America Breast Implants Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Silicone Implant
• Form-stable Implant
• Saline Implant
• Structured Saline Implant

Market Breakup by Shape

• Round Implant Shape
• Anatomical Implant Shape

Market Breakup by Surface

• Textured
• Smooth

Market Breakup by Application

• Cosmetic Surgery
• Reconstructive Surgery

Market Breakup by End User

• Cosmetology Clinics
• Ambulatory Surgical Centres
• Cosmetic

Market Breakup by Country

• Brazil
• Argentina
• Mexico
• Others

Latin America Breast Implants Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• AbbVie Inc.
• Establishment Labs SA
• Groupe Sebbin SAS
• GC Aesthetics
• Laboratories Arion
• Johnson & Johnson
• Polytech Health & Aesthetics GmbH
• Silimed
• Sientra Inc.
• Cereplas

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

FAQs

What was the Latin America breast implants market forecast outlook for 2024-2032?
The Latin America breast implants market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 8.4% during the forecast period of 2024-2032 and is likely to reach a market value of USD 5.15 billion by 2032.

What are the major factors aiding the Latin America breast implants market demand?
The market is driven by the increasing incidence of breast cancer along with rising healthcare expenditure in the region.

What are the major Latin America breast implants market trends?
Market players trying to expand their footprint across multiple regions is a major trend influencing market growth. For instance, in June 2022, GC Aesthetics decided to expand its portfolio across Brazil to support surgeons with high quality products.

What are the types of breast implants in the market?
Breast implants in the market include silicone implants, form-stable implants, saline implants, and structured saline implants.

In how many shapes are breast implants available?
Breast implants are available in round and anatomical implant shapes.

What kind of surfaces do breast implants have?
Breast implants have textured and smooth surfaces.

Where do breast implants find their application?
They find wide applications in cosmetic and reconstructive surgeries.

Who are the end users in the market?
End users in the market include cosmetology clinics, ambulatory surgical centers, and cosmetic.

What is the market segmentation by country?
The market segmentation by countries includes Brazil, Argentina, Mexico, and others.

Who are the key players in the Latin America Breast implants market?
The key players in the market are AbbVie Inc., Establishment Labs SA, Groupe Sebbin SAS, GC Aesthetics, Laboratories Arion, Johnson & Johnson, Polytech Health & Aesthetics GmbH, Silimed, Sientra Inc., and Cereplas.


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