In the year 2020, the overall valuation of the Global Breast Reconstruction Market share was around USD 2.51 billion. It is estimated to reach a milestone of about USD 4.391 billion by 2028, representing a CAGR of 7.11% throughout the forecasted period of 2020-2028. Breast reconstruction is the overall surgical process of rebuilding and recreating the entire shape and looks of the breast. It is mainly conducted among women who had previously undergone breast cancer surgeries. In addition, it involves the overall implementation of autologous tissue, prosthetic implants, or a combination of both to rebuild a natural-looking breast.
According to W.H.O. (World Health Organization), in 2020, around 2.3 million women worldwide were diagnosed with breast cancer, thereby resulting in 6,85,000 deaths. Also, in the year 2020, approximately 7.8 million women who were diagnosed with breast cancer were alive over the last five years, making it one of the world’s most dominant types of cancer.
As per CDC (Centers for Disease Control and Prevention), in the United States, approximately 255,000 cases of breast cancer are well diagnosed in the women population on a yearly basis. Also, in accordance with the American Society of Plastic Surgeons, there are more than 3.1 million individuals who have successfully survived the surgery forbreast cancer in the United States. Unfortunately, each year across the globe, less than50 % of the women who need proper mastectomy are offered the best breast reconstruction surgeries. Additionally, less than around 20% of women decide to undergo the process of immediate reconstruction.
Key factors that are expediting the overall growth of the market
The rise in the advancement of the technologies and the increase in the demand for the various breast reconstruction surgical processes and procedures likeNipple Prosthesis,Lumpectomy Nipple Grafting, Mastopexy, Nipple-Areola Complex (NAC) Reconstruction, Mammoplasty, Free flap breast reconstruction, Radical mastectomy, Breast lift, Delayed Reconstruction, Implant-Based Reconstruction, and Flap-Based Reconstruction are overall propelling the market growth.
Apart from the rise in the demand and need for various breast reconstruction surgeries, the rising demand for Local Tissue Flaps with the utilization of AlloDerm, and various other breast screening technologies like Breast ultrasound, and Automated whole-breast ultrasound, are widely stimulating the market for Global Breast Cancer Screening. Hence, due to the surge in the growth of the Global Breast Cancer Screeningmarket, the market for breast reconstruction is expected to grow exponentially.
Recent Developments related to theGlobal Breast Reconstruction Market:
- On the 29th of May,2020, GC Aesthetics launched the “GCA Comfort Plus Warranty,” which offers free of charge breast implant replacements in the case of capsular contracture or rupture post-implantation surgical processes. Also, on a current basis, it currently provides automatic & retrospective cover for BIA-ALCL free of cost.
- On 19th ofOct, 2021, Sientra and Mission Plasticosintroduced the ‘RESHAPING LIVES FULL CIRCLE,’ which is an excellent initiative to offer reconstructive breast surgery for post-mastectomy among the women who are living below the poverty line. Moreover, it is being invested by a donation of around USD 1 million by Sientra.
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