Latin America Breast Reconstruction Market, By Product (Breast Implants, Tissue Expanders, Acellular Dermal Matrix), Type (Unilateral, Bilateral), Shape (Round Implants, Anatomical Implants), Technology (Inframammary, Peri-Areolar, Trans-Axillary, Transumbilical), Placement (Dual-Plane Insertion, Subglandular Insertion, Submuscular Insertion), Procedure (Immediate Procedures, Delayed Procedures, Revision Procedures), End User (Hospitals, Cosmetology Clinics, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2030.
Latin America Breast Reconstruction Market Analysis and Size
The rising prevalence and incidence of breast cancer, as well as the growing awareness of reconstructive breast surgeries, are driving the growth of the breast reconstruction market. The increasing number of breast cancer patients and the availability of favourable reimbursement policies can be attributed to the growth. Furthermore, an increase in the number of breast reconstruction procedures, as well as technological advances, are expected to drive market growth.
Data Bridge Market Research analyses that the Latin America breast reconstruction market which was USD 308.98 million in 2022, is expected to reach USD 542.91 million by 2030, at a CAGR of 7.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
Latin America Breast Reconstruction Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Breast Implants, Tissue Expanders, Acellular Dermal Matrix), Type (Unilateral, Bilateral), Shape (Round Implants, Anatomical Implants), Technology (Inframammary, Peri-Areolar, Trans-Axillary, Transumbilical), Placement (Dual-Plane Insertion, Subglandular Insertion, Submuscular Insertion), Procedure (Immediate Procedures, Delayed Procedures, Revision Procedures), End User (Hospitals, Cosmetology Clinics, Ambulatory Surgical Centers, Others)
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Countries Covered
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Brazil, Mexico, Argentina, Colombia, Venezuela, Peru, Chile, Costa Rica, Panama, Uruguay, Paraguay and Rest of Latin America
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Market Players Covered
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POLYTECH Health & Aesthetics GmbH (Germany), CEREPLAS (France), Guangzhou Wanhe Plastic Material Co., Ltd (China), Johnson & Johnson Private Limited (U.S.), GC Aesthetics (U.K.), Laboratories Arion (France), Sientra Inc. (U.S.), HANSBIOMED CO. LTD (South Korea), Sientra, Inc. (U.S.), Deal Implant Incorporated (U.S), Integra LifeSciences (U.S.), PMT Corporation (U.S.), RTI Surgical (U.S.), Establishment Labs S.A. (U.S.), Silimed (Brazil)
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Market Opportunities
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Market Definition
Breast reconstruction is a surgical procedure that reshapes the breasts. Breast implants are used in conjunction with silicone devices filled with silicone gel or salt water (saline) to contour the breasts. Breast implant surgery is a challenging procedure. There are currently several treatments available for breast restoration, including nipple repair and a regenerative medicine approach using 3D Printed Tissue Scaffolds. Nipple reconstruction treatments have advanced from a local skin flagship surgical method to current tissue engineering approaches.
Latin America Breast Reconstruction Market Dynamics
Drivers
- Growing number of breast reconstruction procedures
An increasing number of breast reconstruction procedures is expected to fuel market growth. According to the NCBI, the rate of post-mastectomy breast reconstruction increased from 19.4% in 2015 to 53.4% in 2018. Furthermore, the American Society of Plastic Surgeons reports that the number of breast reconstruction procedures increased from 78,882 in 2000 to 137,808 in 2020, propelling market growth.
- Rise in number of breast cancer patients
Globally, the number of breast cancer patients has increased. According to the WHO, approximately 2.3 million women worldwide will be diagnosed with breast cancer by 2020. Furthermore, according to a similar source, more than 7.8 million new breast cancer cases were diagnosed between 2015 and 2020. Furthermore, according to Cancer Research UK, approximately 55,900 breast cancer patients are diagnosed in the United Kingdom alone each year. Furthermore, in United Kingdom most common type of cancer is breast cancer. As a result of the increased number of people diagnosed with breast cancer, the demand for breast reconstruction is expected to increase, propelling market growth during the forecast period.
Opportunities
- Technological innovations
One of the developments anticipated to have an impact on the breast reconstruction markets is 3D printing, which is utilised to create soft absorbable shells with silicon filling to integrate with the unique medical requirements of patients. The increased use of silicone and saline breast implants, ADMs, and tissue expanders is anticipated to be a significant trend in breast reconstruction in the upcoming years.
Restraints/Challenges
- High cost of surgical expenses
High surgical costs and challenges, such as negative surgical outcomes, changes in nipple and breast sensation, the formation of scars, and, in some cases, rupture with deflation of saline-filled implants associated with breast reconstructions, have stifled the growth of the breast reconstruction market. Hemorrhage, skin necrosis, and seroma are the most often reported complications following Acellular Dermal Matrices (ADM) breast reconstruction surgeries, hence these issues are connected to ADMs.
This breast reconstruction market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the breast reconstruction market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2020, AbbVie Inc. ultimately acquired Allergan, combining the two companies' product portfolios. This acquisition assisted AbbVie Inc. in increasing its market and demand for its product in the future by combining the product portfolios of both companies, thereby strengthening their business.
- In 2019, Johnson & Johnson Services, Inc.'s brand Mentor received FDA approval for the MemoryShape device under Premarket Approval (PMA) Application. This has aided the company's portfolio expansion in the breast reconstruction implant market.
Latin America Breast Reconstruction Market Scope
The breast reconstruction market is segmented on the basis of type, product, reconstruction shape, placement, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Breast Implants
- Silicone Implants
- Saline Implants
- Tissue Expanders
- Acellular Dermal Matrix
Type
- Unilateral
- Bilateral
Shape
- Round Implants
- Anatomical Implants
Technology
- Inframammary
- Peri-Areolar
- Trans-Axillary
- Transumbilical
Placement
- Dual-Plane Insertion
- Subglandular Insertion
- Submuscular Insertion
Procedure
- Immediate Procedures
- Delayed Procedures
- Revision Procedures
End User
- Hospitals
- Cosmetology Clinics
- Ambulatory Surgical Centers
- Others
Competitive Landscape and Latin America Breast Reconstruction Market Share Analysis
The breast reconstruction market is analyzed and market size insights and trends are provided by country, type, product, reconstruction shape, placement, application and end-user as referenced above.
The countries covered in the breast reconstruction market report are Brazil, Mexico, Argentina, Colombia, Venezuela, Peru, Chile, Costa Rica, Panama, Uruguay, Paraguay and Rest of Latin America.
Brazil is dominating in the market and leading the growth in the Latin America market due to increasing occurrence of breast cancer.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The breast reconstruction market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for breast reconstruction market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the breast reconstruction market. The data is available for historic period 2011-2021.
Competitive Landscape and Latin America Breast Reconstruction Market Share Analysis
The breast reconstruction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to breast reconstruction market.
Some of the major players operating in the breast reconstruction market are:
- POLYTECH Health & Aesthetics GmbH (Germany)
- CEREPLAS (France)
- Guangzhou Wanhe Plastic Material Co., Ltd (China)
- Johnson & Johnson Private Limited (U.S.)
- GC Aesthetics (U.K.)
- Laboratories Arion (France)
- Sientra Inc. (U.S.)
- HANSBIOMED CO. LTD (South Korea)
- Sientra, Inc. (U.S.)
- Deal Implant Incorporated (U.S.)
- Integra LifeSciences (U.S.)
- PMT Corporation (U.S.)
- RTI Surgical (U.S.)
- Establishment Labs SA (U.S.)
- Silimed (Brazil)
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