PUBLISHER: The Business Research Company | PRODUCT CODE: 1619473
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619473
Breast reconstruction is a surgical procedure designed to rebuild the shape and appearance of a breast, usually following a mastectomy due to breast cancer or other conditions. The procedure can use either autologous tissue (taken from the patient's own body, such as from the abdomen, back, or buttocks) or implants to recreate the breast mound.
The primary types of breast reconstruction include breast implants, tissue expanders, and acellular dermal matrix (ADM). Breast implants are devices used to enhance or reconstruct the breast's shape and volume, and are typically filled with silicone gel or saline. Placement techniques for breast implants include inframammary, peri-areolar, trans-axillary, and trans-umbilical approaches. Implant placement options can be submuscular, subglandular, or dual-plane, with implant shapes available in anatomical or round forms. These devices are used by hospitals, clinics, ambulatory surgical centers, and other medical facilities.
The breast reconstruction market research report is one of a series of new reports from The Business Research Company that provides breast reconstruction market statistics, including the breast reconstruction industry's global market size, regional shares, competitors with a breast reconstruction market share, detailed breast reconstruction market segments, market trends and opportunities, and any further data you may need to thrive in the breast reconstruction industry. This breast reconstruction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The breast reconstruction market size has grown strongly in recent years. It will grow from $1.53 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth during the historic period can be attributed to a rising focus on aesthetic outcomes, an increase in obesity rates, a higher number of breast reconstruction procedures, a rise in the number of hospitals worldwide, and the growing prevalence of breast surgeries.
The breast reconstruction market size is expected to see strong growth in the next few years. It will grow to $2.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth projected for the forecast period can be attributed to increasing self-awareness and concerns about physical appearance, a higher prevalence of breast cancer, a rising patient pool including women with genetic conditions, growing demand for breast implants, and advancements in surgical techniques and technologies. Major trends expected include improvements in healthcare infrastructure, technological advancements, strategic partnerships, new product innovations, and expanded global access to healthcare and infrastructure.
The growing focus on aesthetic appearance is likely to drive the expansion of the breast reconstruction market in the future. Aesthetic appearance involves achieving a natural and visually appealing look through breast reconstruction, with a focus on symmetry, shape, and proportion. This focus is increasing as both patients and surgeons prioritize outcomes that enhance physical and psychological well-being, leading to better quality of life and greater satisfaction with reconstruction results. Breast reconstruction aims to restore breast shape and symmetry after mastectomy or injury. For example, a survey by the International Society of Aesthetic Plastic Surgery in July 2023 revealed that aesthetic procedures reached 35 million in 2023, marking a 3.4% rise from 2022. Liposuction remained the most performed procedure, with over 2.2 million cases. The U.S. led globally with 6.1 million procedures, followed by Brazil with 3.3 million, including 2.1 million surgical procedures. Thus, the rising emphasis on aesthetic appearance is propelling the growth of the breast reconstruction market.
Key players in the breast reconstruction market are concentrating on developing advanced solutions like biocompatible smooth silicone to improve patient outcomes and address the complexities of reconstructive procedures. Biocompatible smooth silicone is a material safe for use in the body, designed to integrate seamlessly with biological tissues. For example, in March 2024, GC Aesthetics (GCA), an Ireland-based manufacturer of breast implants and medical devices, introduced FixNip NRI, a nipple implant specifically designed for women who have undergone breast reconstruction. This device meets a crucial clinical need for aesthetic solutions in reconstructive surgery, particularly for the nipple-areola complex (NAC), which has been challenging to reconstruct effectively. The implant is made from biocompatible smooth silicone and features a floral-shaped nitinol frame, allowing for a minimally invasive procedure typically completed in about 15 minutes.
In December 2022, Integra LifeSciences Holdings Corporation, a US-based medical device manufacturer, acquired Surgical Innovation Associates (SIA) for an undisclosed amount. This acquisition is expected to enhance Integra's product offerings in the breast reconstruction market, better addressing the needs of plastic and reconstructive surgeons. Surgical Innovation Associates (SIA) is a US-based company focused on developing advanced solutions for reconstructive and aesthetic surgery.
Major companies operating in the breast reconstruction market are AbbVie Inc., Medtronic Plc, Stryker Corporation, Banner Health, Zimmer Biomet Holdings Inc., Arthrex Inc., Keller Medical Inc., Integra LifeSciences Holdings Corporation, RTI Surgical Holdings Inc., Establishment Labs Holding Corporation, Evolus Inc., Sientra Inc., Mentor Worldwide LLC, GC Aesthetics Inc., PMT Corporation, Polytech Health & Aesthetics, Cook Biotech, Neodyne Biosciences Inc., Bimini Health Tech LLC, Pinsky Plastic Surgery
North America was the largest region in the breast reconstruction market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the breast reconstruction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the breast reconstruction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The breast reconstruction market consists of revenues earned by entities by providing services such as implant-based reconstruction, autologous tissue reconstruction, flap surgery, nipple and areola reconstruction, preoperative planning, postoperative care, physical therapy and rehabilitation, and psychological support. The market value includes the value of related goods sold by the service provider or included within the service offering. The breast reconstruction market also includes sales of tissue expanders, prosthetics, reconstruction accessories, and silicone implants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Breast Reconstruction Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on breast reconstruction market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for breast reconstruction ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The breast reconstruction market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.