The global Breast Reconstruction Market Growth Accelerated by Rising Incidences of Breast Cancer
Breast reconstruction products help in repairing or restoring breast appearances that are altered due to breast cancer treatments like breast conserving surgery (lumpectomy), mastectomy or severe physical damage or birth defects to the breast. Some of the major advantages associated with breast reconstruction products include natural appearance and feel of the breast and improved self-esteem and quality of life.
The global Breast
Reconstruction Market is estimated to be valued at US$ 3.5 Billion in 2024
and is expected to exhibit a CAGR of 7.0% over the forecast period 2024-2031,
as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising incidences of breast cancer has been one of the major drivers
accelerating the growth of the breast reconstruction market. According to the
World Health Organization (WHO), breast cancer is the most common type of
cancer in women worldwide, with an estimated 2.3 million new cases diagnosed in
2020. The increase in the number of breast cancer patients opting for breast
reconstruction surgeries following mastectomy is a major trend contributing to
the market growth. Furthermore, growing awareness about reconstruction
procedures and availability of improved breast reconstruction technologies are
further fueling the demand for breast reconstruction products globally. The
introduction of new innovative 3D printing technologies for nipple and breast
reconstruction is also expected to offer lucrative opportunities for breast
reconstruction product manufacturers over the forecast period.
Segment Analysis
The global breast reconstruction market is segmented into implant-based and
tissue expander-based reconstruction. Within implant-based reconstruction,
silicone breast implants dominate the segment due to desirable properties like
a more natural appearance and feel. Tissue expander-based reconstruction allows
for more gradual reconstruction through tissue expansion but requires more procedures.
Key Takeaways
The global breast reconstruction market is expected to witness high growth over
the forecast period. The global Breast Reconstruction Market is estimated to be
valued at US$ 3.5 Billion in 2024 and is expected to exhibit a CAGR of 7.0%
over the forecast period 2024-2031.
North America dominates the breast reconstruction market and is expected to continue its dominance. This is attributed to factors like increasing awareness initiatives by government and non-government bodies, presence of major industry players, and higher adoption rates of advanced treatment procedures in the US and Canada.
Key players
Key players operating in the breast reconstruction market are Johnson & Johnson, Allergan, Ideal Implant Incorporated, Sebbin, GC Aesthetics, Establishment Labs, POLYTECH Health & Aesthetics, Sientra Inc., Integra Lifesciences, and RTI surgical. Johnson & Johnson and Allergan collectively hold over half of the breast reconstruction market share globally due to their extensive product portfolio and global market presence.
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