Breast Reconstruction Market Size, Share & Trends Analysis Report By Product (Implants, Tissue Expander), By Shape (Round, Anatomical), By End-use (Hospitals, ASCs), By Region, And Segment Forecasts, 2024 - 2030
Breast Reconstruction Market Size, Share & Trends Analysis Report By Product (Implants, Tissue Expander), By Shape (Round, Anatomical), By End-use (Hospitals, ASCs), By Region, And Segment Forecasts, 2024 - 2030
Breast Reconstruction Market Growth & Trends
The global breast reconstruction market size is expected to reach USD 3.15 billion by 2030, registering a CAGR of 6.54% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to witness significant growth due to the high incidence of breast cancer, increasing volume of reconstructive surgeries, and rising awareness regarding the availability of breast reconstruction procedures. Breast cancer is the most prevalent cancer worldwide. As per the International Agency for Research on Cancer in 2022, about 2,261,419 new breast cancer cases were recorded globally with 9,958,133 deaths in the same year; the same source stated that the number is expected to increase to 7,790,717 by 2025. Thus, with a rise in the number of breast cancer patients, the industry is expected to grow over the coming years.
New product launches, geographic expansions, partnerships, and various strategic initiatives undertaken by major players also support industry growth. Some of the key players, headquartered in the U.S., include Allergan (now part of AbbVie); Mentor (a subsidiary of Johnson & Johnson); Sientra, Establishment Labs S.A.; and Ideal Implant Inc. Due to the presence of leading players in this country, the market is highly competitive. Companies are undertaking various initiatives to strengthen their industry presence. For instance, in June 2023, Sientra, Inc. received FDA approval for its AlloX2 Pro Tissue Expander. Increasing adoption of breast reconstruction surgeries, combined with a growing awareness among women regarding these procedures for aesthetic enhancement, represents a significant catalyst for the market. Women predominantly opt for this surgery to augment breast size and reconstruct breasts following mastectomy, which is expected to fuel industry growth over the forecast period.
Breast Reconstruction Market Report Highlights
In terms of product, the implant segment accounted for a revenue share of 60.39% in 2023. The tissue expander segment is anticipated to register the fastest CAGR from 2024 to 2030 due to the rising use of breast implants during breast augmentation surgeries
Based on shape, the round segment dominated the market in 2023 and the anatomical shape segment is anticipated to register the fastest CAGR of 6.67% from 2024 to 2030
The anatomical shape of breast implants provides a natural shape and textured surface, therefore, the implant does not shift after placement. Moreover, their texture makes them ideal for breast augmentation in women with little natural breast tissue
The hospitals end-use segment led the industry with a revenue share of 46.79% in 2023. However, the ASCs segment is projected to register the fastest CAGR from 2024 to 2030 owing to the rising number of reconstruction surgeries in ASCs
North America led the industry with a share of 58.09% in 2023. Asia Pacific is projected to witness the fastest CAGR from 2024 to 2030 owing to rising cases of breast cancer and increasing awareness regarding the availability of breast reconstruction procedures in this region
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.3. Information Procurement
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Breast Reconstruction Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Global Increase in Number of Breast Cancer Patients
3.2.1.2. Increasing Awareness & Acceptability of Breast Reconstruction Among Women with Breast Cancer
3.2.1.3. Increasing Number of Breast Reconstructive Procedures
3.2.1.4. Technological Advancements
3.2.1.5. Availability of Suitable Reimbursement Policies
3.2.2. Market Restraint Analysis
3.2.2.1. Increasing Alternative to Breast Reconstruction
3.2.2.2. Complication Due to A Breast Implant
3.2.3. Market Opportunity Analysis
3.2.4. Market Challenge Analysis
3.3. Needle Holders Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of suppliers
3.3.1.2. Bargaining power of buyers
3.3.1.3. Threat of substitutes
3.3.1.4. Threat of new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political & Legal landscape
3.3.2.2. Economic and Social landscape
3.3.2.3. Technological landscape
Chapter 4. Breast Reconstruction Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Breast Reconstruction Market: Product Movement Analysis & Market Share, 2023 & 2030