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

The gel implant market is expected to register a CAGR of approx. 3.7% over the period of 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.

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.

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.

Based on the end-user, the market has been categorized into hospitals and specialty clinics. Among them, the hospital category is to witness higher adoption of gel implants during the forecast period. The rising demand for aesthetic and reconstructive procedures, including those involving gel implants, contributes to the growth of the hospital segment. Hospitals are well-equipped to offer a wide range of surgical services to meet patient needs. In addition, hospitals often have access to advanced medical technologies and surgical equipment, which is crucial for performing complex gel implant surgeries safely and efficiently. Hospitals house specialized surgical teams and healthcare professionals with expertise in various fields, including plastic surgery, orthopedics, and reconstructive surgery, making them suitable environments for gel implant procedures.

For a better understanding of the market adoption of the gel implant industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. 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.

Some of the major players operating in the market include Allergan Aesthetics, Mentor Worldwide LLC., Sientra, Inc, Arion Laboratories, GC Aesthetics, Sebbin, Guangzhou Wanhe Plastic Material Co., Ltd, POLYTECH Health & Aesthetics GmbH, HansBioMed, Silimed.