Breast Reconstruction Market: Current Analysis and Forecast (2022-2028)

The breast reconstruction market is expected to register a CAGR of around ~5.1% over the period of 2022-2028. This is mainly due to its increasing number of breast implantation, availability and advancements in surgical techniques, the urge to ameliorate breast size & shape, and raising awareness and concerns about breast cancer. Also, with the increasing prevalence of breast cancer worldwide, many women are opting for reconstruction procedures to regain the original shape of their breasts after the mastectomy. The American Society of Plastic Surgeons elucidated that breast implantation continues to be one of the top 5 cosmetic surgical procedures conducted across the world since 2006. Silicone implants were used in approximately 84% & saline implants in almost 16% of all breast augmentations performed in 2020. Moreover, an increase in the number of breast reconstruction procedures, along with technological advancements is expected to impel market growth. Thus, as a result of the increase in the number of people suffering from breast cancer, the demand for breast reconstruction is expected to increase. Furthermore, various factors such as growing research and development activities are also expected to drive the demand for the analyzers over the forecast period which is responsible for the excessive use and also significantly contributes to the market for the medical applications of breast reconstruction.

Mentor Worldwide LLC, Allergan Inc., Johnson & Johnson, SientraInc., GC Aesthetics, Ideal Implant Incorporated, POLYTECH Health & Aesthetics GmbH, CEREPLAS, AbbVie Inc., Establishment Labs S.A. are some of the key players in the market. 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 Type, breast implants category accounted for the majority share in the market in 2020"

Based on product type, the market is classified into breast implants, tissue expanders, acellular dermal matrices, and others. Among these, breast implants are expected to witness the highest CAGR during the forecast period. This is mainly due to the short surgical period and deficiency of donor sites; patients generally favor implants for the breast reconstruction procedure. The rising use of breast implants during breast augmentation surgeries are widely used technology and has many benefits such as the compact size of devices and minimum power requirements. For instance, according to the NCBI, around 8.08 women per 1,000 in the U.S. has one or other kind of breast implant.

"Amongst Procedure, immediate is expected to witness highest CAGR during the forecast period"

Based on procedure, the market is classified into immediate, delayed, and revision. Amongst these, the alcohol detection category accounted for a significant share of the market. This is mainly due to its immediate reconstruction method being a better option due to its aesthetic effect, cost-effectiveness, and psychological effects and most women opt for the immediate reconstruction method. For instance, in May 2021, GC Aesthetics launched its next-generation round silicone breast implant PERLE. Over the forthcoming years, this segment rising due to the use of breast reconstruction in the global market is likely to boost the demand for breast reconstruction.

"Amongst End User, hospitals are expected to witness highest CAGR during the forecast period"

Based on end user, the market is categorized into hospitals, ambulatory surgical centers, cosmetology clinics, and others. Among these, hospitals are expected to witness the highest CAGR during the forecast period. The dominance of the segment can be attributed to a rise in the number of hospitals worldwide. Moreover, as per The Canadian Encyclopedia, there are 706 public and 193 private hospitals in Canada. Additionally, there has been an increase in medical tourism globally. An increase in medical tourism is expected to increase the quality of healthcare facilities provided by the hospitals. For instance, as per the Plastic Surgery Statistics Report, around 1,692,717 breast reconstruction surgeries were performed in ambulatory surgical centers ASCs.

"North America to witness significant growth during the forecast period"

North America is expected to show the highest CAGR growth in the breast reconstruction market. The major contributors to the growth of this market are US and Canada. This can be attributed due to the rising number of breast cancer patients coupled with high product adoption rates, and awareness about breast reconstruction in the U.S. economy in this region. According to CDC (Centers for Disease Control and Prevention), in the United States, approximately 255,000 cases of breast cancer are diagnosed in women and 2300 in men each year. Thus, the growing consumption of alcohol, increasing research on the medical applications of breast reconstruction, and the development of advanced breast reconstruction by major companies and the diagnostics industry owing to the presence of well-established market players and frequent product launches in the region.

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Deep dive regional level analysis of the industry.

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