The Global Breast Reconstruction Market size is projected to reach USD 647 million by 2026, at a CAGR of 2.7%. This industry is experiencing significant growth due to rising incidences of breast cancer, increasing awareness, and the availability of reimbursements.
Key Players:
Mentor Worldwide LLC (Johnson Johnson) (US), Allergan Aesthetics (an Abbvie company) (US), Ideal Implant Incorporated (US), Sebbin (France), GC Aesthetics (Ireland), POLYTECH Health Aesthetics (Germany), Sientra (US), Integra Lifesciences (US), RTI Surgical Holdings (US), Establishment Labs S.A. (US), and Silimed (Brazil)
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Market Dynamics
Drivers
- Increasing incidence of breast cancer
- Growing aging population
- Increasing awareness regarding breast reconstruction treatment
Restraints
- Clinical risks and complications of breast reconstruction procedures
- Alternative non-surgical methods Improving reimbursements for breast reconstruction procedures
Opportunities
- Development of 3D-printed implants
- Rise in preference for biological products
Challenges
- Product failures and recalls
- Dearth of trained professionals
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North America was the largest regional market for breast reconstruction in 2020
The breast reconstruction market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2020, North America held the largest share of the market, followed by Europe. The rising incidences of breast cancer, increasing awareness of breast reconstruction, and FDA approvals for breast reconstruction products in this region are the major factors driving the growth of the breast reconstruction in North America.
Recent Developments
- In 2022, Mentor Worldwide LLC (Johnson Johnson) received the US FDA approved a new MENTOR Memory Gel boost breast implant
- In 2021, POLYTECH Health Aesthetics received US FDA approval for the company’s textured breast implants (macrotextured and polyurethane-coated implants)
- In 2020, Sientra received US FDA pre-market approval for its OPUS-branded breast implant products
Report Objectives
- To define, describe, segment, and forecast the breast reconstruction market
- To forecast the size of the market with respect to the main regional segments—North America, Europe, the Asia Pacific, and the Rest of the World
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
- To track and analyze competitive developments such as collaborations, regulatory approvals, partnerships, acquisitions, and product launches in the breast reconstruction market
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