Breast Lesion Localization Methods Market

Breast Lesion Localization Methods Market by Types (Wire Guided Localization, Radioisotope Localization [Radio Guided Occult-lesion Localization and Radioactive-seed Localization], Magnetic Tracer, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-1147
  • Author: Growth Market Reports
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  • No. Of Pages: 185
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The global breast lesion localization methods market size was valued at USD 825.25 million in 2020 and is anticipated to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising incidence of breast cancer and growing awareness on the early detection of breast cancer. Moreover, increasing demand for breast cancer surgeries present another key aspect of the market expansion.
 

Breast Lesion Localization Methods Market Key Takeaways


Breast cancer is one of the most common types of cancer among women and breast lesion is widely occurred due to abnormal change in tissues or organs around breast. As per the data of World Health Organization (WHO), breast cancer has become a major health issue among women and it accounted for nearly 12% of the overall new cancer cases in 2021 globally. As per the US Breast Cancer Statistics published in Feb 2021, one in eight women in the US was likely to develop breast cancer. The report further stated that the total number of new cases of invasive breast cancer in the country was around 280,000 and an estimated of 49,290 new cases for non-invasive (in situ) breast cancer. However, in many cases, breast legion is found to be benign despite the rapid and abnormal growth of breast cells, which may result to non-cancerous disorder.

For the treatment of such disorder, several localization methods are widely adopted by patients. One key aspect of the market growth can be accredited to growing adoption of awareness and free screening programs related to the disorder. For example, under the initiative of the Government of Australia, a national breast cancer screening program called Breast Screen Australia was initiated, which would offer free mammogram tests to women aged 50 to 74 every two years. Programs encouraging early diagnosis is also being regularly promoted in developing countries such as India and China.

Market Trends, Drivers, Restraints, and Opportunities

  • Wide prevalence of breast cancer and rising government participation across the globe encouraging the early adoption of breast cancer screening are projected to grow the market expansion.
  • Rising demand for better healthcare infrastructure and services as well as increasing awareness about breast cancer screening are expected to boost market growth.
  • Favorable reimbursement policies for breast cancer diagnostics, biopsy, and other relevant medical procedures are major factors driving the market growth during the forecast period.
  • High cost of the treatment acts as a major challenge that can hamper the market growth in the coming years.
  • Recent launch of technologically advanced products offering high accuracy, safety, and cost-effectiveness present several opportunities for the market expansion in the coming years.

Scope of the Report

The report on the global breast lesion localization methods market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Breast Lesion Localization Methods Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Wire Guided, Radioisotope Localization [Radio Guided Occult-lesion Localization and Radioactive-seed Localization], Magnetic Tracer, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

C.R. Bard; SOMATEX Medical Technologies GmbH; Argon Medical Devices, Inc.; Cianna Medical, Inc.; Cook Medical; and C.P. Medical.

 

Market Segment Insights

Wire guided segment is expected to hold a dominant share
Based on types, the global breast lesion localization methods market is divided into wire guided, radioisotope localization, magnetic tracer, and others. The radioisotope localization segment is further bifurcated into radio guided occult-lesion localization and radioactive-seed localization. The wire guided segment is expected to account for a key share of the market owing to wide adoption of the treatment type among patients. Moreover, the segment growth can be attributed to rising adoption of new techniques and early acceptance of innovative technology in the treatment. RPLN, Duo-System, Q-wire system, and X-Reidy breast lesion localization needles are some of the most commonly used methods for the localization systems.

On the other hand, the radioisotope segment is expected to grow significantly due to improved efficacy through novel mechanisms. Radioisotope is one of the most recently developed techniques for preoperative localization of non-palpable and suspicious lesions, which offer reliable, safe, and healthy result. Meanwhile, the magnetic tracer is expected to expand at a fast growth rate during the forecast period owing to extensive used of the type to diagnose non-palpable cancer in the early stages. Sienna+ is one of the most widely used brands of magnetic tracer for the cancer detection.
 

Breast Lesion Localization Methods Market by Types


Asia Pacific is expected to grow at a rapid pace
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to constitute a large market share during the forecast period owing to the presence of well-established healthcare infrastructure and key manufacturers especially in the US. The regional market growth is also further driven by technological advancement and high economic growth in this region.

On the other hand, the market of Asia Pacific is projected to grow at a rapid pace during the forecast period due to several factors such as growing disposable income levels, high unmet health needs, and increasing patient knowledge about early diagnosis among the patients in the region. Furthermore, the region's potential growth is expected to be bolstered by rapidly growing investment for the development of healthcare infrastructure and rising demand for breast conserving surgery solutions.
 

Breast Lesion Localization Methods Market by Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Breast Lesion Localization Methods Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Breast Lesion Localization Methods Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Breast Lesion Localization Methods Market - Supply Chain
  4.5. Global Breast Lesion Localization Methods Market Forecast
     4.5.1. Breast Lesion Localization Methods Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Breast Lesion Localization Methods Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Breast Lesion Localization Methods Market Absolute $ Opportunity
5. Global Breast Lesion Localization Methods Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Breast Lesion Localization Methods Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Breast Lesion Localization Methods Demand Share Forecast, 2019-2026
6. North America Breast Lesion Localization Methods Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Breast Lesion Localization Methods Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Breast Lesion Localization Methods Demand Share Forecast, 2019-2026
7. Latin America Breast Lesion Localization Methods Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Breast Lesion Localization Methods Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Breast Lesion Localization Methods Demand Share Forecast, 2019-2026
8. Europe Breast Lesion Localization Methods Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Breast Lesion Localization Methods Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Breast Lesion Localization Methods Demand Share Forecast, 2019-2026
9. Asia Pacific Breast Lesion Localization Methods Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Breast Lesion Localization Methods Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Breast Lesion Localization Methods Demand Share Forecast, 2019-2026
10. Middle East & Africa Breast Lesion Localization Methods Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Breast Lesion Localization Methods Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Breast Lesion Localization Methods Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Breast Lesion Localization Methods Market: Market Share Analysis
  11.2. Breast Lesion Localization Methods Distributors and Customers
  11.3. Breast Lesion Localization Methods Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. C.R. Bard
     11.4.2. SOMATEX Medical Technologies GmbH
     11.4.3. Argon Medical Devices, Inc.
     11.4.4. Cianna Medical, Inc.
     11.4.5. Cook Medical
     11.4.6. C.P. Medical

Segments Covered in the Report
The global breast lesion localization methods market has been segmented on the basis of

Types

  • Wire Guided
  • Radioisotope Localization
    • Radio Guided Occult-lesion Localization
    • Radioactive-seed Localization
  • Magnetic Tracer
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • C.R. Bard
  • SOMATEX Medical Technologies GmbH
  • Argon Medical Devices, Inc.
  • Cianna Medical, Inc.
  • Cook Medical
  • C.P. Medical

 

Some of the key players operating in the market are C.R. Bard; SOMATEX Medical Technologies GmbH; Argon Medical Devices, Inc.; Cianna Medical, Inc.; Cook Medical; and C.P. Medical. In order to expand their market share, these market players are concentrating on business expansion in developing regions and are actively engaged in various business tactics such as mergers, acquisitions, and product launches.

Cianna Medical, Inc. signed a merger agreement with Merit Medical Systems, Inc. in October 2018. Under the deal, the latter company agreed to provide clinical support for Cianna Medical, Inc.'s research and development in order to commercialize new technologies in the market. In another event, Endomagnetics and Cianna Inc. have developed a new set of techniques for locating breast lesions based on magnetic and electroradar guidance respectively. Cianna Medical, Inc.'s SAVI SCOUT localization technology has completed more than 50,000 breast tumor localizations in over 375 hospitals across the US. Furthermore, C.R. Bard and BD announced an agreement in April 2017 to develop differentiated medical technologies with an aim to enhance the process of disease care and treatment for patients.
 

Breast Lesion Localization Methods Market by Key Players

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