The promising future of breast reconstruction market

Breast Reconstruction market

 


The Breast Reconstruction Market is estimated to be valued at US$ 567 million in 2023 and is expected to exhibit a CAGR of 2.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Breast reconstruction involves surgical procedures that recreate a breast shape from tissues and implants, providing improved aesthetics and boosting confidence of patients who have undergone mastectomy. Implant-based and autologous flap reconstruction are commonly adopted techniques in breast reconstruction procedures.


Market Dynamics:


Increasing breast cancer incidence rates and growing awareness about breast reconstruction options available post mastectomy are major factors responsible for the projected growth of the breast reconstruction market over the forecast period. According to the American Cancer Society, breast cancer incidence rates increased by 0.5% annually from 2013 to 2018. Furthermore, technological advancements in breast reconstruction procedures and implants are also expected to support the market growth. Newer procedures involving 3D printed implants capable of better matching natural breast tissue are being developed by leading manufacturers.

Market key trends:


The breast reconstruction market has been witnessing a rise in the number of procedures carried out using tissue expanders. Tissue expanders help create space under the skin and muscles of the chest for an implant or the patient's own tissue to be placed. This trend can be attributed to the growing preference for tissue expansion as it provides a more natural shape and feel compared to other alternatives. Furthermore, technological advancements in tissue expanders such as the availability of round and adjustable designs have boosted their adoption among patients and surgeons.


SWOT Analysis


Strengths: Availability of various reconstruction procedure options such as implant, autologous reconstruction using DIEP or TRAM flap technique suits patient needs.
Weaknesses: High cost associated with autologous reconstruction procedures limits their access. Post-surgery complications associated with implants requires revision surgeries.
Opportunities: Rising breast cancer incidence rates worldwide presents growth prospects. Increasing reimbursement and favourable regulations in developed nations support market growth.
Threats: Strong competition from alternative treatments and lack of reimbursement in developing nations are key challenges.


Key Takeaways


The Global Breast Reconstruction Market Size was valued at US$ 567 million in 2023 and is expected to reach US$ 794 million by 2030, expanding at a CAGR of 2.7% from 2023 to 2030. Rapid growth can be attributed to rising cancer incidence rates globally. The APAC region dominates the market currently due to high cancer burden in China and India. North America is expected to witness lucrative growth owing to advanced medical care and presence of major players in the US.

Regional analysis
The Asia Pacific region currently dominates the global market backed by the rising cancer prevalence in highly populated countries such as China and India. According to International Agency for Research on Cancer, China accounted for over 25% of the global breast cancer cases in 2020. Additionally, improving access to healthcare infrastructures in developing Asian countries is supporting the uptake of breast reconstruction procedures in the region.

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. The major players are focusing on new product launches, geographic expansions and mergers and acquisitions to get a larger share of the market.



Read More -  https://www.insightprobing.com/breast-reconstruction-market-trends-analysis-share-demand-and-size-forecast/


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