Breast Reconstruction Market Growth At +CAGR up to 2025 with - Allergan, Mentor Worldwide, Sientra, GC Aesthetics, POLYTECH Health & Aesthetics, Hansbiomed, Ideal Implant Incorporated
Asia Pacific is the largest geographic market and it is expected to be the largest revenue generator during the forecast period. The Asia Pacific breast reconstruction market is expected to grow with CAGR of 3.9% to US$ 132.3 Mn 2025 from US$ 98.2 Mn in 2017. Factors such as, presence of large pool of breast cancer patients and increasing awareness on breast reconstruction procedures, are likely to grow the market in the forecast period.
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Key market players of breast reconstruction market are Allergan, Mentor Worldwide, Sientra, GC Aesthetics, POLYTECH Health & Aesthetics, Hansbiomed, Ideal Implant Incorporated, Guangzhou Wanhe Plastic Materials, Establishment Labs S.A. Groupe Sebbin SAS,
Partnership/acquisition, and product launch & approvals were observed as the most adopted strategy in global breast reconstruction industry. Few of the acquisition, partnership, product launches and approvals made by the players in the market are listed below:
2018: Sientra Inc. received approval from U.S. Food and Drug Administration (FDA) for the PMA supplement permitting the commercialization of OPUS-branded breast implant products which are manufactured by Vesta, a Lubrizol LifeSciences company.
2017: Allergan acquired Keller Medical, Inc. a medical device company which develops Keller Funnel.
2016: GC Aesthetics launched new products in Brazil Market. The company introduced Matrix and IMPLEO in Brazil market. Nagor (UK) subsidiary of GC Aesthetics IMPLEO is produced and Eurosilicone (France) where The Matrix is developed.
2015: Mentor introduced MENTOR ARTOURA breast tissue expander which is the first and only tissue expander capable of providing precisely controlled pocket formation for predictable expansion outcomes.
Increasing Prevalence of Breast Cancer:-
Breast cancer is the most common form cancer in women. Breast cancer is majorly characterized by the development of lumps in the breast, inverted nipple, a change in breast shape, fluid coming from the nipple, or a red or scaly patch of skin, dimpling of the skin and breast pain or sore nipple. Mastectomy is a procedure for the treatment of breast cancer that includes removal of entire breast through a surgical process. Breast reconstruction surgery is used to rebuild the breasts after mastectomy. Implant reconstruction and autologous or flap reconstruction are the two key techniques for breast reconstruction surgery. In the recent years, many women are opting for reconstruction procedures to regain the original shape of their breasts after the mastectomy. This increasing preference is expected to boost the market growth in the coming years.
Development of Innovative Breast Reconstruction Products:-
Patients undergoing unilateral or bilateral mastectomy procedures usually opt breast reconstruction for various reasons that are inclusive of regaining the original shape of the breasts, improve aesthetic appeal and others. Thus, it is important for the market players to come up with innovative products that will boost the adoption of this procedure at marginal rates. Tissue expander is one such innovation in the direction for easing the task of surgeons and improving the performance of the reconstruction procedure. In December
2016, the U.S. Food and Drug Administration (FDA) approved marketing for a tissue expander named AeroForm by AirXpanders, which is a needle-free alternative for patients undergoing breast reconstruction procedure. Thus, market players capitalizing and investing in similar innovative technologies to come up with breakthrough products can lead in high revenue generation and marginal profits.
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• Breast Implants
o Silicone Implants
o Saline Implants
• Implants Accessories
o Acellular Dermal Matrix (ADM)
• Dual-Plane Insertion
• Subglandular Insertion
• Submuscular Insertion
• North America
• Asia Pacific
• Middle East & Africa
• South & Central America
The global breast reconstruction market, based on the technology was segmented into inframammary, peri-areolar, trans-axillary and transumbilical. In 2017, inframammary segment held the largest share of 56.2% of the market, based on the technology. In addition, the segment is expected to dominate during the coming years owing to its advantages such as, restoring a natural breast shape and lower risk of complications.
The global breast reconstruction market, based on the type was segmented into breast implants and implants accessories. The breast implants are sub-segmented into silicone implants and saline implants. The breast accessories are sub-segmented into ADM and synthetic. In 2017, breast implants segment held the largest share of the market, by type. In addition, the segment is also expected to grow at the fastest rate during the coming years.
The global breast reconstruction market, based on the placement was segmented into dual-plane insertion, subglandular insertion and submuscular insertion. In 2017, the dual-plane insertion segment held the largest share of the market, based on the placement. In addition, the segment also grows at the fastest rate during the coming years.
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