July 4, 2024

Breast Reconstruction Market to Witness Significant Growth due to Advancements in Breast Reconstruction Procedures

The breast reconstruction market offers a range of reconstructive solutions to restore breasts after mastectomy or breast reduction surgery. Breast reconstruction involves surgical procedures that can restore a breast’s shape and appearance after breast cancer surgery or correct congenital physical anomalies. The global breast reconstruction market is gaining prominence owing to the increasing prevalence of breast cancer cases and growing awareness regarding reconstructive options. Breast cancer surgery often involves removing one or both breasts as a preventive or treatment measure. However, it can significantly impact a woman’s physical, psychological, and emotional well-being. Breast reconstruction procedures help restore a woman’s natural breast contour and feel and play a major role in regaining confidence and quality of life. Technological advancements in breast reconstruction procedures including 3D printing and fat grafting are further augmenting the market growth.

The Global Breast Reconstruction Market is estimated to be valued at US$ 2.1 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the breast reconstruction market are Polytech Health & Aesthetics GmbH, Allergan, Mentor Worldwide LLC (Johnson & Johnson), Sientra Inc., GC Aesthetics, RTI Surgical, Inc., Groupe Sebbin SAS, Integra LifeSciences, and Wanhe.
Key opportunities in the breast reconstruction market include the increasing awareness regarding breast reconstruction benefits and techniques, rising medical tourism in emerging markets, and growing cosmetic surgery trend worldwide.
Technological advancements such as fat grafting procedures are playing a key role in delivering natural results and allowing for scarless reconstruction. 3D printing technology is also transforming the treatment of breast cancer patients by enabling patient-specific implants.

Market Drivers
The rising incidence of breast cancer cases worldwide is a major factor anticipated to drive the breast reconstruction market growth during the forecast period. According to the World Cancer Research Fund International, breast cancer is the most common cancer in women with an estimated 2.3 million new cases diagnosed globally in 2020. Further, the growing awareness regarding various reconstructive options available after mastectomy is also influencing the market demand positively.

Current Challenges in Breast Reconstruction Market
The breast reconstruction market is witnessing few challenges currently which need to be addressed. One of the major challenge is shortage of plastic surgeons trained for breast reconstruction procedures. This leads to increased waiting time for patients undergoing mastectomy. Lack of adequate reimbursement is another challenge faced by surgeons as well as patients especially in developing regions. High cost of reconstruction procedures is also a limiting factor for many women to opt for reconstruction. Creating awareness regarding the available options is important to overcome limited knowledge about reconstruction options among patients. Developing new techniques, products and solutions holds potential to overcome challenges and drive the market growth in coming years.

SWOT Analysis

Strength: Availability of various reconstruction options like implant based, autologous and recently 3D printing technology provides alternatives catering to individual needs.

Weakness: Lengthy and complex procedures involved especially autologous reconstruction needing additional surgery sites.

Opportunity: Growing breast cancer rates worldwide increases number of mastectomy patients driving demand. Increasing medical tourism in developing nations present market potential.

Threats: Emergence of alternative procedures like fat grafting may limit preferences for reconstruction. Stringent regulatory approvals and pricing controls by authorities pose challenges.

Geographical Regions

North America region currently holds dominant share of over 40% of global breast reconstruction market in terms of value owing to factors like higher breast cancer incidence, availability of advanced treatment options and favorable reimbursement scenario in US and Canada.

The Asia Pacific region is expected to be the fastest growing market during forecast period on back of improving access to healthcare services, rising medical tourism and increasing focus of global players to tap opportunities in developing nations like India and China.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it