The global breast lesion localization methods market size is
expected to reach USD 1.58 billion by 2025, according to a new report by Grand
View Research, Inc. It is projected to witness a CAGR of 13.3% during the
forecast period. Growing number of government and non-government reimbursement
policies for the breast cancer diagnostics, biopsy, examination, and other
medical procedures are estimated to increase the adoption of breast lesion
localization methods. Moreover, high demand for better healthcare
infrastructure and facilities due to rising prevalence of the target disease
among women is expected to fuel the market growth.
It is more prevalent in women above
the age of 50 years. Although it is majorly occurring in women, the male
population has one in eight chances of being diagnosed with the target cancer.
According to the WHO, almost 6.5% of all cancer-related deaths worldwide are
caused by breast cancer. Increasing awareness level about breast cancer
screening is expected to further enhance the market growth. For instance, in
U.S., the Centre of Disease Control and Prevention’s National Breast and
Cervical Cancer Early Detection Program (NBCCEDP) provides free access to
timely breast and cervical diagnostic and screening services to the needy
patients.
These screening programs include
high-quality mammogram diagnosis, which involves breast X-rays, biopsies (if
required), and an analytical judgment. Key companies, such as C.R. Bard, Inc.;
Cianna Medical, Inc.; and Cook Medical, Inc. focus on business expansion in
developing regions in an attempt to increase their market share. They are also
adopting several other strategies, such as M&A and product launch. For
instance, in October 2018, Cianna Medical, Inc. signed a merger agreement with
Merit Medical Systems, Inc., in which the latter will provide clinical support
for R&D to Cianna Medical, Inc. for commercializing new technologies in the
market.
Browse full research report on Breast Lesion Localization
Methods Market: https://www.grandviewresearch.com/industry-analysis/breast-lesion-localization-methods-market
Further key findings from the study suggest:
- The global breast lesion localization methods market was
valued at USD 580.7 million in 2017 and is expected to grow lucratively
over the forecast period
- Wire-guided localization segment held the largest market
share of 35.9% in 2017 owing to the presence of wide range of products and
high adoption of this technique among end-users
- Radioisotope localization is expected to witness significant
growth over the forecast period as it is an effective, safe, and widely
used procedure for preoperative localization of non-palpable, suspicious
breast lesions
- North America led the market with revenue of USD 209.96
million in 2017. The presence of key manufacturers in U.S., established
healthcare infrastructure, and high adoption of localization devices are
the factors responsible for its largest share
- Asia Pacific is expected to witness the fastest CAGR of 15.3%
during the forecast period due to increasing demand for breast conserving
surgery.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/breast-lesion-localization-methods-market/request/rs1
Grand View Research has segmented the global breast lesion
localization methods market on the basis of type and region:
Breast Lesion Localization Methods Type Outlook (Revenue, USD
Million, 2014 - 2025)
- Wire
Guided
- Radioisotope
- Radio
Guided Occult-Lesion Localization (ROLL)
- Radioactive-Seed
Localization (RSL)
- Others
- Magnetic
Tracer
- Others
Breast Lesion Localization Methods Regional Outlook (Revenue,
USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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