Breast lesion localization methods market is divided into five major segments—wire localization, isotope localization, magnetic localization, electromagnetic localization, and others. The wire localization segment accounted for the largest share of the breast lesion localization methods market in 2018.
Breast lesion localization methods market is expected to grow from US$ 413 million in 2018 to US$ 598 million by 2024, at a CAGR of 6.3% during forecast period. Breast lesion localization methods market is driven primarily by increasing incidence of breast cancer, rising number of breast cancer surgeries, and growing awareness on early detection of breast cancer. However, uncertainty in regulatory approval procedures is expected to restrain the growth of this market during the forecast period.
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In breast lesion localization methods market study the electromagnetic localization segment is projected to grow at the highest CAGR between 2018 and 2024. Electromagnetic localization has the potential to reduce surgical delays, improve patient satisfaction, and optimize surgical planning, all without radioactive components. Due to their benefits, the demand for such advanced breast localization methods is expected to grow significantly in the coming years.
“The electromagnetic localization segment is expected to be the fastest-growing segment in the breast lesion localization methods market during the forecast period.”
The breast lesion localization methods market is divided into five major segments—wire localization, isotope localization, magnetic localization, electromagnetic localization, and others. The wire localization segment accounted for the largest share of the breast lesion localization methods market in 2018. The large share of this segment is attributed to its accuracy in abnormal tissue localization, minimum removal of normal tissues, minimal scarring, and the availability of reimbursement for breast lesion localization devices.
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Asia Pacific is projected to record highest growth in breast lesion localization methods market during the forecast period. The rapidly increasing patient population, increasing healthcare expenditure, improving healthcare infrastructure, high government spending on breast cancer research, & increasing awareness are major factors supporting growth of Asia Pacific breast lesion localization methods market.
In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the breast lesion localization method market.
- By Designation: C-level Executives: 27%, Directors: 18%, and Others:55%
- By Region: North America: 48%, Europe: 24%, APAC: 19%, and the RoW: 9%
Some of the key players in the breast lesion localization methods market are C.R. Bard (US), Ranfac Corporation (US), SOMATEX Medical Technologies GmbH (Germany), Argon Medical Devices (US), SurgicEye GmbH (Germany), Intra-Medical Imaging LLC (US), Iso Aid, LLC (US), Cianna Medical (US), Endomagnetics Ltd. (UK), and Cook Medical (US). The study includes an in-depth competitive analysis of these key players in the breast lesion localization methods market, along with their company profiles, recent developments, and key market strategies.
More Details on “Breast Lesion Localization Methods Market by Type (Wire, Radioisotope [Radio Occult], Magnetic), Usage (Tumor Identification, Sentinel Lymph Node [Lumpectomy]), End User Preference Survey (Selection Criteria, Replacement Trend) – Global Forecast to 2024” research at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=530937 .
Report contains a detailed analysis of end-user preference for adoption of different breast lesion localization methods. The research findings cited in report encapsulates important selection criteria for breast lesion localization methods from an end-user point of view. It analyses importance given to particular criteria while selecting a breast lesion localization methods. Important criteria for selection of breast lesion localization methods include detection and success rate, re-excision rate, cost, mean localization time, effectiveness, safety, and ease of use.
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The report will help market leaders/new entrants in this market and provide information regarding the closest approximations of breast lesion localization procedures market and its sub segments. This report will help stakeholders to understand the competitive landscape, gain insights to better position their businesses, and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, and opportunities.