Industry Background:
Developments in diagnostic breast imaging have led to the prior detection of breast cancer as well as rise in the diagnosis of lesions requiring excisional biopsy. The removal of these small breast lesions needs a localization device to confirm the accurate removal of the target tissue. The primary method of breast lesion localization to guide excision was preoperative placement of a hook wire. However, due to the problems and inefficiencies of wire placement, there has been a recent surge in innovation in the area of breast localization such as Radioisotope, Electromagnetic and Magnetic.
According to AMA Research, the market for Breast Lesion Localization Methods is expected to register a CAGR of 11.2% during the forecast period to 2028. This growth is primarily driven by Increasing Number of Breast Cancer Surgeries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2024-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as C.R. Bard (United States), SOMATEX Medical Technologies GmbH (Germany), Argon Medical Devices, Inc. (United States), Cianna Medical, Inc. (United States), Cook Medical (United States), Ranfac Corporation (Germany), C.P. Medical (United States), B.D. Company (United States), Endomagnetics Ltd (United Kingdom), Health Beacon (Ireland) and Leica Biosystems (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 1st April 2021, Hologic, Inc., an innovative medical technology company primarily focused on improving women’s health, announced it has completed the acquisition of SOMATEX Medical Technologies GmbH, a leader in biopsy site markers and localization technologies, for approximately USD64 million. The company was previously owned by E-Med Solutions GmbH, Berlin, a group of investors led by German private equity company Westlake Partners.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Regulatory Insights:
SDOs are instructions, orders, rules, regulations, or procedures that specify what actions should be taken under what sets of conditions and circumstances. The SDOs define the conditions and circumstances under which an RN, LVN, or non-licensed healthcare provider (NLHP) actions or tasks may be initiated in the clinical setting, and they provide authority for use with individuals when a physician or advanced practice provider is not present, and/or before being examined or evaluated by a physician or advanced practice provider.
Influencing Trend:
Rising Awareness Level about Breast Cancer
Market Growth Drivers:
Increasing Number of Breast Cancer Surgeries and Rising Incidence of Breast Cancer
Challenges:
High Re-Excision Rates
Restraints:
Risks Associated With the Use of Devices
Opportunities:
Rising Investment for Better Healthcare Infrastructure and Increasing Adoption of Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Breast Lesion Localization Methods Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Breast Lesion Localization Methods Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Breast Lesion Localization Methods players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Breast Lesion Localization Methods Study Sheds Light on
The Breast Lesion Localization Methods Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Breast Lesion Localization Methods industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Breast Lesion Localization Methods industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.