Growing prevalence and incidence of breast cancer is expected to propel the global breast lesion localization methods market growth over the forecast period. According to WHO report published in 2018, breast cancer is the most frequent cancer among women, impacting 2.1 million women each year though the world. It is estimated that around 627,000 women died due to breast cancer, which is around 15% of all cancer deaths among women globally. Furthermore, proactive government initiatives to increase awareness pertaining breast cancer in emerging economies is expected to boost the global breast lesion localization methods market growth over the forecast period. For instance, according to The Pink Initiative and Breast Cancer Statistics in India, in 2014, a significantly large population of patients below the age of 50 years suffered from breast cancer.
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Around 16% were between the age of 20 and 40, and 28% were between the age of 40 and 50. Growing patient population in such regions with high potential is expected to improve the time to market of highly effective and advanced products. Moreover, growing number of mergers and acquisitions is expected to drive growth of the global breast lesion localization methods market during the forecast period. For instance, in January 2019, IZI Medical Products acquired select soft tissue biopsy and breast localization needle assets from Cook Medical. The acquisition is expected to expand product portfolio of IZI Medical Products with addition of MReye Breast Localization Coil.
Key companies are gaining product approvals, in order to expand their product portfolio. For instance, in March 2019, Hologic received CE certification for its LOCalizer wireless radiofrequency identification breast lesion localization system. The system is designed to replace wire-guided breast lesion localization technique. Furthermore, key players are involved in inorganic growth strategies such as mergers and acquisitions, in order to gain a competitive advantage. For instance, in July 2018, Hologic Inc. announced that it completed the acquisition of Faxitron Bioptics, a privately held leader in digital specimen radiography, breast lesion localization, and sentinel lymph node biopsy.
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Key Takeaways
The global breast lesion localization methods market is expected to exhibit a CAGR of 10.7% over the forecast period, owing to increasing incidence of breast cancer, increasing government initiative to promote awareness, and increasing product launches. For instance, according to the American Cancer Society reports published in 2019, around 268,600 new cases of invasive breast cancer will be diagnosed in women during 2019 and the incidence rate increased by 0.4% per year.
On the basis of technique, the wire guided localization segment exhibited highest CAGR in the global breast lesion localization methods market in 2018. This growth was due to the early establishment and higher adoption of this technique among end users.
On the basis of end user, the hospital segment held dominant position in the global breast lesion localization methods market in 2017, owing to favorable reimbursement policies. According to American Cancer Society, one time screening mammogram every 12 months is covered fully under Medicare for all women aged 40 years and older. Also, it pays for clinical breast exam (CBE) in every 24 months once, for women with average risk of breast cancer. This in turn is expected to increase rate of breast cancer screening and in turn drive growth of the breast lesion localization methods market in the near future.
Key players operating in the global breast lesion localization methods market include Cook Medical Inc., Argon Medical Devices, Inc., Becton, Dickinson and Company (C. R. Bard), SOMATEX Medical Technologies GmbH, Sterylab Medical, Biopsybell Srl, Hologic Inc., and Tsunami S.r.l.
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Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technique
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Industry Trends
- Regulatory Scenario
- Reimbursement Scenario
- Epidemiology
- PEST Analysis
- Market Dynamics
- Global Breast Lesion Localization Methods Market, By Technique, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Wire Guided Localization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Radio Guided Occult Lesion Localization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Radioactive Seed Localization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Magnetic Tracers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ultrasound Guided Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Breast Lesion Localization Methods Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Specialized Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Breast Lesion Localization Methods Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Region, 2017–2026
- North America
- Market Size and Forecast, By Technique, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Technique, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Technique, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Technique, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Technique, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Technique, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Cook Medical Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Argon Medical Devices, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- C. R. Bard, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- SOMATEX Medical Technologies GmbH
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Sterylab Medical
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Biopsybell Srl
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Hologic Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Tsunami S.r.l
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cook Medical Inc.
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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