Wednesday, 20 December 2023

Global Breast Reconstruction Market is Estimated To Reach A Valuation of USD 3.15 Billion by 2030: Grand View Research Inc.

 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.

Request a free sample copy or view report summary: Breast Reconstruction Market Report

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 implantsduring 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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-breast-reconstruction-market

Breast Reconstruction Market Segmentation

Grand View Research has segmented the global breast reconstruction market based on product, shape, end-use, and region:

Breast Reconstruction Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Implants
    • Silicone Breast Implants
    • Saline Breast Implants
  • Tissue Expander
    • Saline Expander
    • Air Tissue Expander
  • Acellular Dermal Matrix

Breast Reconstruction Shape Outlook (Revenue, USD Million, 2018 - 2030)

  • Round Shape
  • Anatomical Shape

Breast Reconstruction End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals
  • Cosmetology Clinics
  • Ambulatory Surgical Centers

Breast Reconstruction Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in Breast Reconstruction Market

  • Mentor Medical Systems B.V. (Johnson & Johnson)
  • Allergan, Inc. (AbbVie)
  • Sientra, Inc.
  • Ideal Implant Incorporated
  • Establishment Labs
  • POLYTECH Health & Aesthetics GmbH
  • RTI Surgical
  • Sebbin
  • Integra LifeSciences
  • GC Aesthetics

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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