Industry Background:
Growing incidences of breast cancer will help to boost global lumpectomy market. Lumpectomy is also called as breast-conserving surgery and wide local excision. Lumpectomy is a type of surgery to remove cancer or other abnormal tissue from the breast. In this process the only portion of the breast. It helps in confirming the diagnosis and complete absence of cancer. Additionally, it is a premier treatment option for some women with early-stage breast cancer.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Sanarus (United States), ClearCut Medical (Israel), BD (United States), Vector Surgical (United States), Dune Medical Devices (Georgia), Medtronic PLC (Ireland), ZEISS (Germany), Hologic, Inc. (United States), Novian Health, Inc. (United States) and Cianna Medical (Merit Medical Systems, Inc.) (United States) |
This growth is primarily driven by Increase in Prevalence of Breast Cancer and Growing In Government Initiative.
Globally, a noticeable market trend is evident Fueling Usage of Mammography for Breast Cancer Detection
The Diseases & Therapeutic Areas sector in the North America 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 Sanarus (United States), ClearCut Medical (Israel), BD (United States), Vector Surgical (United States), Dune Medical Devices (Georgia), Medtronic PLC (Ireland), ZEISS (Germany), Hologic, Inc. (United States), Novian Health, Inc. (United States) and Cianna Medical (Merit Medical Systems, Inc.) (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
On 25th April 2019, Hologic, Inc. has announced global commercial availability of the Trident® HD specimen radiography system, a next-generation solution that delivers enhanced image quality, improved workflow, and instant sample verification during breast-conserving surgeries as well as stereotactic breast biopsies.
On 12th February 2019, Dune Medical Devices recently reached the halfway point in a Post-Approval Study (PAS) for MarginProbe, with over 275 patients enrolled in the third Randomized Controlled trial on MarginProbe.
Influencing Trend:
Fueling Usage of Mammography for Breast Cancer Detection and Upsurge Awareness of Breast Cancer
Market Growth Drivers:
Increase in Prevalence of Breast Cancer and Growing In Government Initiative
Challenges:
Unavailability of Government Programs for Young Women
Restraints:
Stringent Government Regulations about Testing and High Cost of Procedure
Opportunities:
Technological Advancement in Lumpectomy Market and Huge Opportunity in Emerging Economic and Highest Growth Region
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Lumpectomy Market
- Analysis about New Entrants in Lumpectomy Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Lumpectomy Study Sheds Light on
The Lumpectomy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lumpectomy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lumpectomy 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.