Breast Reconstruction Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product Type (Breast Implants, Tissue Expanders, Acellular Dermal Matrices, Others); Procedure (Immediate, Delayed, Revision); Placement (Dual-Plane Insertion, Subglandular Insertion, Submuscular Insertion); End User (Hospitals, Ambulatory Surgical Centers, Cosmetology Clinics) and Region/Country
The breast reconstruction market is expected to register a CAGR of around ~5.1% over the period of 2022-2028. This is mainly due to its increasing number of breast implantation, availability and advancements in surgical techniques, the urge to ameliorate breast size & shape, and raising awareness and concerns about breast cancer. Also, with the increasing prevalence of breast cancer worldwide, many women are opting for reconstruction procedures to regain the original shape of their breasts after the mastectomy. The American Society of Plastic Surgeons elucidated that breast implantation continues to be one of the top 5 cosmetic surgical procedures conducted across the world since 2006. Silicone implants were used in approximately 84% & saline implants in almost 16% of all breast augmentations performed in 2020. Moreover, an increase in the number of breast reconstruction procedures, along with technological advancements is expected to impel market growth. Thus, as a result of the increase in the number of people suffering from breast cancer, the demand for breast reconstruction is expected to increase. Furthermore, various factors such as growing research and development activities are also expected to drive the demand for the analyzers over the forecast period which is responsible for the excessive use and also significantly contributes to the market for the medical applications of breast reconstruction.
Mentor Worldwide LLC, Allergan Inc., Johnson & Johnson, SientraInc., GC Aesthetics, Ideal Implant Incorporated, POLYTECH Health & Aesthetics GmbH, CEREPLAS, AbbVie Inc., Establishment Labs S.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product Type, breast implants category accounted for the majority share in the market in 2020”
Based on product type, the market is classified into breast implants, tissue expanders, acellular dermal matrices, and others. Among these, breast implants are expected to witness the highest CAGR during the forecast period. This is mainly due to the short surgical period and deficiency of donor sites; patients generally favor implants for the breast reconstruction procedure. The rising use of breast implants during breast augmentation surgeries are widely used technology and has many benefits such as the compact size of devices and minimum power requirements. For instance, according to the NCBI, around 8.08 women per 1,000 in the U.S. has one or other kind of breast implant.
“Amongst Procedure, immediate is expected to witness highest CAGR during the forecast period”
Based on procedure, the market is classified into immediate, delayed, and revision. Amongst these, the alcohol detection category accounted for a significant share of the market. This is mainly due to its immediate reconstruction method being a better option due to its aesthetic effect, cost-effectiveness, and psychological effects and most women opt for the immediate reconstruction method. For instance, in May 2021, GC Aesthetics launched its next-generation round silicone breast implant PERLE. Over the forthcoming years, this segment rising due to the use of breast reconstruction in the global market is likely to boost the demand for breast reconstruction.
“Amongst End User, hospitals are expected to witness highest CAGR during the forecast period”
Based on end user, the market is categorized into hospitals, ambulatory surgical centers, cosmetology clinics, and others. Among these, hospitals are expected to witness the highest CAGR during the forecast period. The dominance of the segment can be attributed to a rise in the number of hospitals worldwide. Moreover, as per The Canadian Encyclopedia, there are 706 public and 193 private hospitals in Canada. Additionally, there has been an increase in medical tourism globally. An increase in medical tourism is expected to increase the quality of healthcare facilities provided by the hospitals. For instance, as per the Plastic Surgery Statistics Report, around 1,692,717 breast reconstruction surgeries were performed in ambulatory surgical centers ASCs.
“North America to witness significant growth during the forecast period”
North America is expected to show the highest CAGR growth in the breast reconstruction market. The major contributors to the growth of this market are US and Canada. This can be attributed due to the rising number of breast cancer patients coupled with high product adoption rates, and awareness about breast reconstruction in the U.S. economy in this region. According to CDC (Centers for Disease Control and Prevention), in the United States, approximately 255,000 cases of breast cancer are diagnosed in women and 2300 in men each year. Thus, the growing consumption of alcohol, increasing research on the medical applications of breast reconstruction, and the development of advanced breast reconstruction by major companies and the diagnostics industry owing to the presence of well-established market players and frequent product launches in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Breast Reconstruction Market|
|2.2.||Research Methodology of the Breast Reconstruction Market|
|5||GLOBAL BREAST RECONSTRUCTION MARKET COVID-19 IMPACT|
|6||GLOBAL BREAST RECONSTRUCTION MARKET REVENUE (USD BN), 2019-2027F|
|7.3.||Acellular Dermal Matrix (ADM)|
|9.1.||Dual Plane Insertion|
|10.2.||Ambulatory Surgical Centers|
|11.1.3.||Rest of North America|
|11.2.6.||Rest of Europe|
|11.3.5.||Rest of Asia-Pacific|
|11.4.||Rest of World|
|13||BREAST RECONSTRUCTION MARKET OPPORTUNITIES|
|14||BREAST RECONSTRUCTION MARKET TRENDS|
|15||POLICY & REGULATORY FRAMEWORK|
|16.1.||Demand Side Analysis|
|16.2.||Supply Side Analysis|
|17||VALUE CHAIN ANALYSIS|
|18.1.1.||Porter’s Five Forces Analysis|
|19.1.||Mentor Worldwide LLC|
|19.3.||Johnson & Johnson|
|19.6.||Ideal Implant Incorporated|
|19.7.||POLYTECH Health & Aesthetics GmbH|
|19.10.||Establishment Labs S.A.|
Research Methodology for the Global Breast Reconstruction Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global breast reconstruction market were the three major steps undertaken to create and analyze the adoption of breast reconstruction in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global breast reconstruction market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the breast reconstruction market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the breast reconstruction market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, procedure, placement, end-user, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the breast reconstruction market. Further, we conducted factor analysis using dependent and independent variables such as the product type, procedure, placement, end user, and region of breast reconstruction. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the breast reconstruction market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global breast reconstruction market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the breast reconstruction market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global breast reconstruction market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global breast reconstruction market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, procedure, placement, end-user, and region in the global breast reconstruction market.
The main objective of the Global Breast reconstruction Market Study
The current & future market trends of the global breast reconstruction market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the breast reconstruction market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, procedure, placement, end-user, and region.
- Define and analysis of the regulatory framework for the breast reconstruction market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the breast reconstruction market for the major region.
- Major countries of regions studied in the report include North America, Europe, Asia Pacific, and Rest of the world.
- Company profiles of the breast reconstruction market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry