Breast reconstruction products aim to restore a natural breast shape and volume after mastectomy or breast cancer surgery. These products involve breast implants filled with saline or silicone gel to reconstruct breast shape. Tissue expanders are also used which help grow new skin and tissue before implantation of a breast implant. The breast reconstruction market has gained importance due to the growing cases of breast cancer and increasing awareness regarding breast reconstructive procedures after mastectomy. Breast reconstructive surgeries enhance confidence and quality of life among women treated for breast cancer.
The global Breast Reconstruction Market is estimated to be valued at US$ 901.3 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The increasing incidences of breast cancer cases is one of the key opportunities augmenting the demand for effective breast reconstruction treatments. According to the American Cancer Society, breast cancer accounts for 30% of all new cancer cases diagnosed in American women annually. Reconstruction after mastectomy is important to reclaim physical well-being, emotional balance, and support healing. Breast reconstruction treatments aim to rebuild breasts to closely match the dimensions, appearance, and sensation of the unfettered breast. Thus, the rising prevalence of breast cancer and increasing awareness regarding reconstruction is expected to drive the breast reconstruction market growth over the forecast period.
Porter's Analysis
Threat of new entrants: Low as this market requires huge investment in R&D and clinical trials. Also existing players have strong brand name.
Bargaining power of buyers: Moderate as buyers have many options and cheaper substitutes available.
Bargaining power of suppliers: Low as raw material suppliers have limited power on manufacturers and brand owners.
Threat of new substitutes: Moderate as non-invasive breast enhancements are emerging as alternatives.
Competitive rivalry: High due to presence of major players and regional players offering differentiated products.
SWOT Analysis
Strengths: Increasing breast cancer cases and technological advancements in reconstruction methods.
Weaknesses: High cost associated and longer recovery time required for reconstruction surgeries. Lack of awareness in developing nations.
Opportunities: Emergence of breast size reduction market and untapped markets in developing regions.
Threats: Social stigma associated and preference of non-invasive/natural methods over reconstructions. Stringent regulations.
Key Takeaways
The Global Breast Reconstruction Market Size is expected to witness high growth during the forecast period owing to increasing prevalence of breast cancer worldwide. North America dominates the global market due to growing awareness about breast reconstruction surgeries and favorable reimbursement policies in the region. Europe holds a substantial share due to rising government focus on women's healthcare.
Key players operating in the Breast Reconstruction market are 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. Major players are focusing on developing innovative reconstruction solutions and geographical expansion into emerging regions.
The Asia Pacific region is expected to witness lucrative growth during the forecast period owing to increasing incidences of breast cancer, rising medical tourism, and growing awareness through initiatives by key players and government organizations. Rapid digitization in healthcare infrastructure further propels the market growth in developing Asian countries.
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The Breast Reconstruction Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global Breast Reconstruction market are Allergan, Establishment Labs S.A., GC Aesthetics, GroupeSebbin SAS, Integra LifeSciences, Mentor Worldwide LLC, POLYTECH Health & Aesthetics GmbH, RTI Surgical, Inc., Sientra, Inc., and Wanhe.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Breast Reconstruction Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/breast-reconstruction-market/download-sampleMarket DynamicsThe increasing cases of breast cancer among women along with the number of surgical procedures, such as mastectomies, performed across the world is driving the market of breast reconstruction.
Moreover, increasing awareness about the safety of breast reconstruction options is encouraging women undergoing mastectomy, is further boosting the market value.
However, the high cost associated with the treatment hamper market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
