The global Breast Reconstruction market size is expected to be worth around US$ 3.10 billion by 2028, according to a new report by Vision Research Reports.
The global Breast Reconstruction market size was valued at US$ 2.6 billion in 2020 and is anticipated to grow at a CAGR of 6.11% during forecast period 2021 to 2028.
Rising prevalence of breast cancer, cases of breast reconstruction procedures, and introduction of technologically advanced products are the key driving factors for the growth.
Increasing incidence of breast cancer across the globe is one of the key driving factors for the market growth. According to the Breast Cancer Research Foundation (BCRF), breast cancer is considered as the most common type of cancer among American women after skin cancer. Such high incidence in U.S. has resulted in an increased number of mastectomy and lumpectomy procedures, which boosts the demand for breast implants and tissue expanders.
According to the American Cancer Society, Cancer Facts & Figures 2015, BCRF also estimated that over 40,290 women may die due to breast cancer. Prevention of breast cancer involves mastectomy, which requires removal of the entire organ. Breast reconstruction helps restore the shape of the breast, thereby enhancing the quality of a patient’s life. It basically involves rebuilding the shape of the removed breast. Thus, high prevalence of breast cancer and growing number of mastectomies are the major factors anticipated to drive the demand for breast reconstruction procedures, thereby propelling the market growth over the forecast period.
On the basis of product, the market is categorized into implants and tissue expanders. Based on type, implants are categorized into silicone and saline. In 2020, breast implants held the largest share in the breast reconstruction market. Implants are used for reconstruction procedures and to help restore the shape and appearance of the organ, following mastectomy or lumpectomy.
In addition, to improve physical appearance, people with congenital deformities also opt for reconstruction surgeries. Thus, these implant surgeries are widely adopted by people primarily in the developed regions with high disposable income and better access to well-equipped hospitals.
Silicone breast implants held the largest share in 2020 and is expected to witness the fastest growth over the forecast period. These implants have silicone outer shells filled with silicone gel. They are available in different sizes with either smooth or textured shells. Silicone implants are approved by the Food and Drug Administration (FDA) for breast reconstruction in women of any age. These implants are also used post mastectomy following breast cancer. Silicone implants are preferred by women mostly due to their appearance as natural breast tissue and soft texture. There is minimal risk of formation of hard scar tissue around the implant owing to the soft texture of silicone implants. These also pose minimum risk of any immune system-associated disorders.
Round shape segment market held the largest market share in 2020. Round breast implants and expanders are preferred by majority of the target population for routine reconstruction procedures in U.S. Soft and smooth shells are used for round implants, which minimizes visibility of implant ripples through the skin. Both silicone and saline implants are available for round shape.
Anatomical segment is expected to witness the fastest growth over the forecast period. Anatomical shaped breast products are natural-looking aesthetic devices, with flatters upper breast pole and a fuller lower breast curve. These products are popularly known as teardrop implants, due to their shape.
On the basis of end-use, the market is assessed for hospitals, cosmetology clinics, and ambulatory surgical centers. Hospital segment held the largest market share in 2020. Increasing incidence of breast cancer and rising demand for these surgical procedures are the key factors driving the segment growth.
Cosmetology clinics is anticipated to witness the fastest growth over the forecast period. Rising consciousness regarding physical appearance coupled with increasing disposable income in developed and developing countries are expected to drive the growth. For instance, as per the American Society of Plastic Surgeons, in 2016, around 109,256 breast reconstruction procedures were performed and there is almost a 39.0% rise in procedural volumes from 2000 and around 3.0% rise from 2015. Thus, such cases are anticipated to surge the segment growth over the forecast period.
North America led the market in 2020 and is expected to witness a considerable CAGR over the forecast period. Increasing number of mastectomies due to rising incidence and prevalence of breast cancer is one of the major factors driving growth. In addition, the presence of highly developed healthcare infrastructure and growing healthcare spending are also expected to drive market growth over the forecast period.
Mentor Worldwide LLC; Allergan Inc.; Sientra, Inc.; Deal Implant Incorporated; Establishment Labs S.A; POLYTECH Health & Aesthetics GmbH; RTI Surgical Holdings, Inc.; GROUPE SEBBIN SAS
Silicone Breasts Implants
Saline Breasts Implants
Ambulatory Surgical Centers
The Breast Reconstruction market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Breast Reconstruction market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Breast Reconstruction market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Breast Reconstruction market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Breast Reconstruction market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Breast Reconstruction capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Breast Reconstruction by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Breast Reconstruction market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Breast Reconstruction market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Breast Reconstruction market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Breast Reconstruction industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Breast Reconstruction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Breast Reconstruction market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Breast Reconstruction market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Breast Reconstruction market. These factors have benefited the growth of the global market for Breast Reconstruction. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Breast Reconstruction. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Breast Reconstruction are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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