Market Size of Breast Reconstruction Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 7.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Breast Reconstruction Market Analysis
The breast reconstruction market is projected to register a CAGR of 7.1% over the forecast period.
The COVID-19 pandemic had a short-term impact on the breast implant market, primarily during the initial phase of the pandemic. Due to restrictions and lockdown, the ongoing and scheduled surgical procedures were delayed or canceled, hindering the growth of the breast implant market. However, the interest and growing awareness regarding physical appearance increased during the COVID-19 pandemic among women in the United States, including breast implants and augmentation. For instance, according to the April 2021 survey report by the ASPS, 11% of the surveyed women were more inclined toward cosmetic surgery or non-surgical procedures than before the pandemic. Therefore, the market is expected to recover soon from the impact of the COVID-19 pandemic and is expected to grow.
The major factor driving the growth of the market studied is the increasing incidence of breast cancer. According to GLOBOCAN 2020, breast cancer surpassed lung cancer and became the most diagnosed cancer worldwide. According to the WHO, in 2020, around 2.3 million women were diagnosed with breast cancer globally. About 7.8 million women have been diagnosed with breast cancer over the last five years. In Asian women, breast cancer prevalence was high, accounting for 22.9% of the total cancer cases in women in 2020. Increasing awareness about the safety of breast reconstruction options is reassuring women undergoing mastectomy and other breast cancer surgeries to choose the reconstruction process.
The increasing products of innovative products are boosting the market's growth. For instance, in October 2020, GC Aesthetics launched Perle, a novel round breast implant. It is developed with reverse surface technology allowing for reduced inflammation and easier placement and incision. Such introduction of advanced breast implants is expected to contribute to the growth of the market.
Thus, factors such as the increasing incidence of breast cancer, increasing awareness among the global population, and innovative product launches are expected to drive the growth of the market studied. However, the high cost of breast reconstruction procedures is the major factor restraining the growth of the market.
Breast Reconstruction Industry Segmentation
As per the scope of the report, breast reconstruction is a surgical procedure that restores shape to your breast after surgery that removes your breast to treat or prevent breast cancer.
The breast reconstruction market is segmented by product (breast implants, tissue expanders, acellular dermal matrices, and other products), end user (hospitals, ambulatory care centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Product | |
Breast Implants | |
Tissue Expanders | |
Acellular Dermal Matrices | |
Other Products |
By End User | |
Hospitals | |
Ambulatory Care Centers | |
Other End Users |
By Geography | ||||||||
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Breast Reconstruction Market Size Summary
The breast reconstruction market is poised for significant growth, driven by factors such as the rising incidence of breast cancer and increasing awareness of reconstruction options. The market experienced a temporary setback due to the COVID-19 pandemic, which delayed surgical procedures. However, the pandemic also heightened interest in cosmetic procedures among women, contributing to a rebound in market growth. The introduction of innovative products, such as advanced breast implants with improved technologies, is further propelling the market. Despite the high costs associated with breast reconstruction procedures, the market is expected to expand, supported by the growing inclination towards breast augmentation and reconstruction for aesthetic enhancement.
North America is anticipated to lead the breast reconstruction market, bolstered by a high incidence of breast cancer, a robust healthcare infrastructure, and a significant number of breast augmentation procedures. The region's market growth is also supported by favorable government initiatives and increased research collaborations. The competitive landscape is characterized by the presence of major players like Allergan, Sientra Inc., and Johnson & Johnson, who are actively involved in product innovations and strategic partnerships. The market's expansion is further aided by regulatory approvals for new products, enhancing the availability of advanced breast reconstruction solutions.
Breast Reconstruction Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Incidence of Breast Cancer
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1.2.2 Introduction of Technologically Advanced Products
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1.3 Market Restraints
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1.3.1 High Cost of Breast Reconstruction Procedures
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Breast Implants
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2.1.2 Tissue Expanders
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2.1.3 Acellular Dermal Matrices
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2.1.4 Other Products
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Ambulatory Care Centers
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2.2.3 Other End Users
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Breast Reconstruction Market Size FAQs
What is the current Breast Reconstruction Market size?
The Breast Reconstruction Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Breast Reconstruction Market?
Allergan Plc, Johnson & Johnson, Establishment Labs S.A., Sientra, Inc and Ideal Implant Incorporated are the major companies operating in the Breast Reconstruction Market.