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Breast reconstruction involves surgical procedures that rebuild breast shape and appearance after breast removal due to cancer or trauma. There are two main types of breast reconstruction, implant reconstruction involves use of breast implants to reconstruct breast mound and shape while tissue flap reconstruction involves using body’s own tissue and muscle to reconstruct breasts. Breast reconstruction aims to restore physical appearance and self-esteem in women after part or whole breasts are removed. The increasing incidence rate of breast cancer is a major factor fueling demand for breast reconstruction procedures worldwide. As per the statistics released by WHO, breast cancer is among the leading causes of cancer death in women accounting for approximately 685,000 deaths globally in 2020.
The global breast reconstruction market is estimated to be valued at US$ 2.45 billion in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing awareness regarding breast reconstruction options after mastectomy is driving the market growth. Various non-profit organizations and governments are undertaking several initiatives to educate women about post-mastectomy breast reconstruction which is increasing the acceptance of these procedures. For instance, reconstructive surgery programs are available through many cancer centers, hospitals, and doctors specializing in plastic and reconstructive surgery. In countries like the US, there are public support programs for breast reconstruction. Such initiatives are increasing awareness and adoption of breast reconstruction procedures globally. Technological advancements in reconstructive surgery techniques and implants are further supporting the breast reconstruction market growth. Mini and no-scar procedures, 3D printed implants are offering innovative reconstructive solutions. Introduction of bioEngineered alternatives made from patient’s own fat or tissue is a major advancement fueling the market demand over the forecast period.
Segment Analysis
The breast reconstruction market can be segmented into implant-based reconstruction and autologous reconstruction sub segments. The implant-based reconstruction sub segment is currently dominating the market and holds around 60% share. It’s dominating due to advantages like less operating time, faster recovery and visible results at the time of surgery itself. However autologous reconstruction is gaining traction due to offering similar shape and feel of natural breast compared to implant based.
PEST Analysis
Political: Some countries have implemented favorable reimbursement policies for breast reconstruction procedures to boost patient access. However, lack of mandatory insurance coverage in many nations remains a challenge.
Economic: Rising healthcare spending coupled with increasing public awareness regarding reconstruction options is fueling the market growth. However, post pandemic economic slowdown may impact the market in the short term.
Social: Growing social acceptance of mastectomy and rising adoption of reconstruction is a key factor. Social media influence is positively impacting the market.
Technological: Developments such as 3D modeling, DIEP flap technique and fat grafting are helping improve outcomes. But high costs of newer technologies could hinder widespread adoption.
Key Takeaways
The global breast reconstruction market is expected to witness high growth. The global breast reconstruction market is estimated to be valued at US$ 2.45 billion in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2031.
Regional analysis comprises the North American market dominates currently due to favorable reimbursement policies and regulatory approvals for newer technologies. The Asia Pacific market is poised to witness fastest growth over the forecast period driven by factors like increasing medical tourism and rising awareness.
Key players operating in the breast reconstruction market are Allergan, Mentor Worldwide LLC, Sientra Inc., GC Aesthetics, POLYTECH Health & Aesthetics GmbH, Hansbiomed Co. Ltd., Ideal Implant Incorporated and Guangzhou Wanhe Plastic Materials Co. Ltd.
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- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
