The global breast surgery retractors market is gaining momentum on the back of some prominent factors. This includes increasing incidence of breast cancer, rising awareness for aesthetics, and growing preference for minimally invasive procedures. According to Breastcancer.org, more than one among every eight women develop breast cancer during their lifetime.
The increasing number of plastic breast surgeries performed is aiding the growth of breast surgery retractors market. Rising aesthetic awareness among men and women for professional and non-professional reasons is stoking demand for various plastic and cosmetic procedures.
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As per projections of a report by Transparency Market Research (TMR), the global breast surgery retractors market will display a modest 3.20% CAGR over the forecast period between 2017 and 2025. The market is anticipated to reach a value of US$328.68 mn by the end of 2025.
Research & Development Initiatives to Introduce Novel Products Upticks Demand
The key factors contributing to the growth of breast surgery retractors market include increasing incidence of breast cancer, rising aesthetic awareness, and growing preference for minimally invasive surgery. As per statistics provided by Breastcancer.org, more than one among every eight women develop breast cancer during their lifetime. In 2017, more than 252,710 new invasive procedures for breast cancer and more than 63,410 new non-invasive procedures for breast cancer were reported globally. In 2017, 3.1 million cases of breast cancer were reported in the U.S. alone.
Research and development initiatives to introduce advanced retractors such as polymer based ones to replace stainless steel retractors is providing further impetus to the growth of this market.
Rising Aesthetic Awareness Stokes Demand for Plastic Breast Surgery Procedures
The growing number of plastic surgeries performed is further boosting the growth of breast surgery retractors market. High importance to aesthetics is stoking demand for plastic and cosmetic surgery among women and men for professional and non-professional reasons. According to the International Society Aesthetic Plastic Surgeons, in 2016, the total number of plastic breast surgery procedures carried out in Brazil were 255,607 and over 62,206 in Mexico. The low cost of plastic surgery and breast augmentation procedures in these places have made them preferred destinations for customers in the West.