How much will the Breast Lesion Localization Methods industry be worth in the Future????



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.
The most common concern for the governments of all Covid-19 hit nations is the excruciating need to screen for and test large numbers of patients for possible Sars-Cov-2 infection. As a result, most of them are facing major shortages in the supply for diagnostic kits to test for the virus. Diagnostics virology entities are under immense pressure to provide reliable testing kits, and there is a surge in demand for in-vitro or point-of-care testing capacities by labs across a large number of countries. The report will account for Covid19 as a key market contributor.
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.
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https://www.grandviewresearch.com/industry-analysis/breast-lesion-localization-methods-market/request/rs1
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.
The global breast lesion localization methods market size was valued at USD 580.7 Million in 2017 and is projected to expand further at a CAGR of 13.3% during the forecast period. Breast cancer is the most prominent and invasive cancers; thus, increasing prevalence of it among women is expected to drive the market growth.
According to the Breast Cancer Organization, it was estimated that in 2018, 266,120 new cases of invasive and 63,960 cases of non-invasive breast cancer would be diagnosed. Rising number of government and non-government reimbursement policies for breast cancer diagnostics, biopsy, and other related medical procedures is estimated to boost the adoption of breast lesion localization methods.
Rising demand for better healthcare infrastructure and facilities and increasing awareness level about breast cancer screening are also expected to boost the market growth. For instance, national breast cancer screening program in Australia called the Breast Screen Australia, which provides free mammogram test services every two years for women aged between 50 and 74. Developing regions, such as India and China, are also spreading awareness about early diagnosis.
In addition, introduction of technologically advanced products on the grounds of accuracy, safety, and cost-effectiveness is considered as the high impact-rendering factor for the breast lesion localization methods market. Companies, such as Endomagnetics and Cianna Inc. have developed new range of techniques respectively working on magnetic and electroradar guidance for localization of breast lesions. For instance, SAVI SCOUT localization technology of Cianna Medical, Inc. has performed over 50,000-breast tumor localization in over 375 hospitals across U.S.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-breast-lesion-localization-methods-market
Grand View Research has segmented the global breast lesion localization methods market on the basis of type:
Breast Lesion Localization Methods Type Outlook (Revenue, USD Million, 2014 - 2025)
·         Wire Guided
·         Radioisotope
o    Radio Guided Occult-Lesion Localization (ROLL)
o    Radioactive-Seed Localization (RSL)
o    Others
·         Magnetic Tracer
·         Others
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.



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