In terms of revenue, the Global Breast Reconstruction Market is expected to reach USD 652.7 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 2.30% from 2022 to 2028.
The Breast Reconstruction Market is majorly driven by the factors such as the growing prevalence of breast cancer, technological advancements in breast imaging, and investment from various organizations in breast cancer screening campaigns. In addition, the increasing awareness and various breast screening tutorials have contributed to the swift market growth. These screening programs have been shown to save lives compared to unscreened populations.
Key Highlights from Report:
The Breast Implant sub-segment of the Product type segment is anticipated to dominate the Breast Reconstruction Market. The growth is owing to the increasing incidences of Breast Cancer and the rising number of Breast Reconstruction procedures. The Silicone implants sub-segment of the Application segment accounted for the largest market share for the Breast Reconstruction Market in 2021, owing to many silicone breast implantation procedures performed across the globe.
North America is the largest regional segment. This rush is attributed to the increasing demand for Breast Reconstruction in developed economies such as Canada & the U.S. This region has an increasing number of surgical institutions for Breast Reconstruction.
Breast Reconstruction after curative mastectomy for breast malignancy has gained acceptance owing to the high survival rate and the aesthetic dominance of the reconstructed breast. Thus, the overall number of Breast Reconstructions and the ratio per mastectomy has grown over the last decennary. Although the personal and social sagacity of Breast Reconstruction has changed, the high cost of Breast Reconstruction has created a barrier to choosing this form of surgery.
As per the scope, Breast construction is a subspecialty of diagnostic radiology. It involves various procedures with a wide variety of tools and technologies to diagnose, screen, and detect breast cancer. If cancer is detected, these tests help doctors find the type of cancer and determine the stage and location.
North America is expected to dominate the Global Breast Reconstruction Market in 2021 and is likely to continue the same tendency during the forecast period. An increase in critical players and high investment made by countries such as the U.S. and Germany drive the market demand in this region.