Breast Reconstruction Market Size, Share, Growth Analysis, By Product(Implants, Silicone Breast Implants, Saline Breast Implants, Tissue Expander), By Shape(Round Shape, Anatomical Shape), By End Use(Hospitals, Cosmetology Clinics, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031

Global Breast Reconstruction Market size was valued at USD 529.74 Million in 2023 and is poised to grow from USD 565.23 Million in 2024 to USD 889.97 Million by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).

The growth of Global Breast Reconstruction market is attributed to the rise in incidence of breast cancer and availability of favorable reimbursement schemes. Technical advancements coupled with an increasing number of breast reconstruction surgeries are expected to drive market growth. Medicare will cover the cost of breast reconstruction provided the patient undergoes a breast mastectomy due to breast cancer. Moreover, Services Australia mentions that following breast cancer, breast prostheses can be compensated under the external breast prosthesis reimbursement scheme. It is expected that these factors would facilitate industrial growth.

Furthermore, leading players are launching new products and organizing awareness programs and establishing geographic presence to capture increasing demand for breast reconstruction. For instance, in October 2023, The Plastic Surgery Foundation and The American Society of Plastic Surgeons conducted a program called Breast Reconstruction Awareness Day. The major goal of the program was to distribute sufficient information about breast reconstruction among women diagnosed with cancer of the breast. Along this line, in October 2021, Sientra, Inc., together with Mission Plasticos, introduced the philanthropic initiative called "Reshaping Lives: Full Circle." The essence of the program was to offer free post-mastectomy breast reconstruction for indigent women.