1. Health

Breast Reconstruction Market will grow at highest pace owing to rising breast cancer cases

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Breast reconstruction is a procedure that restores the shape and look of the breast after a mastectomy or breast cancer surgery. Breast reconstruction can help restore the breasts appearance and regain woman's confidence. There are several different types of breast reconstruction procedures available including implant reconstruction (using implants), autologous reconstruction (using tissue from another part of the body like the abdomen, buttocks or back), and a combination of the two. Factors such as increasing incidence of breast cancer, rising awareness about breast reconstruction, favourable reimbursement policies are contributing to the growth of breast reconstruction market.

The Global Breast Reconstruction Market is estimated to be valued at US$ 2.1 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the breast reconstruction market are Polytech Health & Aesthetics GmbH, Allergan, Mentor Worldwide LLC (Johnson & Johnson), Sientra Inc., GC Aesthetics, RTI Surgical, Inc., Groupe Sebbin SAS, Integra LifeSciences, and Wanhe. Key players are focusing on developing innovative breast reconstruction products and minimally invasive procedures to gain competitive edge.

The rising incidence of breast cancer is a key factor driving the growth of breast reconstruction market. According to WHO, globally over 2 million new breast cancer cases were diagnosed in 2020. The increasing breast cancer burden worldwide has augmented the demand for breast reconstruction procedures.

Technological advancements in breast reconstruction procedures such as 3D printing, ADM acellular dermal matrices are allowing plastic surgeons to determine the final shape and size of reconstructed breasts with better precision. 3D printing helps design patient-specific implants leading to superior aesthetic outcomes.

Market Trends
Increased Adoption of Acellular Dermal Matrix (ADM): Acellular dermal matrix is an innovative technology increasingly being used in breast reconstruction, especially for tissue expander-implant reconstruction. It provides better skin coverage and lower complication rates.
Growing Demand for Autologous Breast Reconstruction: With growing awareness, there is an increased preference for autologous breast reconstruction using abdominal tissue, buttocks tissue or back tissue as it provides a more natural aesthetic outcome as compared to implant reconstruction.

Market Opportunities
Emerging Economies: Emerging countries such as India, China, Brazil, Mexico offer high growth opportunities for players in breast reconstruction market owing to improving healthcare infrastructure, increasing medical tourism and rising disposable incomes.
3D Bioprinting: 3D bioprinting of patient-specific breast implants offers considerable opportunity. It provides customized solutions and can help reconstruct three-dimensional breast tissue accurately.

Impact of COVID-19 on Breast Reconstruction Market
The COVID-19 pandemic negatively impacted the growth of the breast reconstruction market globally in 2020. Various restrictions imposed by governments worldwide to curb the spread of the virus led to postponing of elective surgeries including breast reconstruction procedures. This majorly affected the market revenue in the initial months of the pandemic. However, as restrictions are being gradually lifted in 2021, the market is witnessing a revival with increasing number of procedures.

Pre-COVID, the market was growing at a steady pace owing to the rising breast cancer incidence rates coupled with improving awareness about reconstruction options post mastectomy. The availability of innovative implants and techniques was further supporting market expansion. However, during the peak of pandemic in 2020, hospitals prioritized critical care facilities for COVID patients over elective surgeries. This led to a decline in the number of breast reconstruction procedures performed.

As the vaccine rollout progresses globally in 2022, the frequency of breast reconstruction procedures is increasing again. However, the demand is yet to return to pre-COVID levels. Healthcare providers are taking all necessary precautions to minimize risk of infection transmission during procedures. They are also educating patients about importance of following protocols to curb virus spread. The post-COVID strategies for market players will include promoting digital patient interaction and education along with development of minimally invasive techniques to reduce hospital stay and risks associated with procedures.

Geographical Regions with Highest Market Value
North America currently holds the highest market share in terms of value for breast reconstruction globally. This is attributed to factors such as increasing prevalence of breast cancer cases, availability of advanced treatment options, and favorable reimbursement policies in countries like the US and Canada. Asia Pacific is projected to be the fastest growing regional market during the forecast period due to growing medical tourism, rising healthcare expenditure, and improving awareness.

Fastest Growing Regional Market
Asia Pacific region is poised to rise as the fastest growing regional market for breast reconstruction during the forecast period. This is due to improving access to advanced breast healthcare facilities in countries like China, India, Japan, and South Korea. Also, factors such as increasing medical tourism, growing government focus on women's health, expanding private healthcare sector, and rising awareness about breast reconstruction post mastectomy are contributing to market growth in Asia Pacific.

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