(MENAFN- GlobeNewsWire - Nasdaq) New York, USA, Nov. 09, 2022 (GLOBE NEWSWIRE) -- The Worldwide Breast Lesion Localization market size in 2021 was worth USD 966.56 million and will reach USD 3038 million at a 13.57% CAGR. Breast lesions are abnormal changes in the breast tissue brought on by disease or trauma. Breast lesion localization methods refer to a wide range of techniques used to detect these changes. Wire localization, radioactive seed localization (RSL), carbon marking, magnetic seed localization (Magseed), radio-guided occult lesion localization (ROLL), and intraoperative ultrasound are a few techniques that are frequently used. These methods help medical professionals make well-informed choices and choose the best procedure or treatment for the patient.
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Breast Lesion Localization Methods Market Insights:
The market was largely ruled by the wire localization segment in 2021, with a share of 32% on the basis of type. In 2020, tumor identification was the largest market and generated a revenue of over USD 543.1 million in terms of usage. The hospital segment is estimated to generate a revenue share of $596.2 million throughout 2021-2028 in terms of the end user. North America held a considerable position with a share of more than 35% regionally in 2021.
Factors influencing the Breast Lesion Localization Methods Market growth :
Factors like the increasing breast cancer cases and the growing demand for breast lesion localization devices are expediting its growth rate.
The breast lesion localization methods market is expanding due to the rising incidence of breast cancer worldwide. As per a report by the World Health Organization, 685,000 people died worldwide, and 2.3 million women were confirmed to have breast cancer in 2020. Technological improvements in breast lesion localization techniques and rising public awareness of early detection and treatment of breast cancer contribute to the market's expansion. Additionally, the development of precise, affordable, and safe advanced devices assists in the expansion of the global market.
Breast cancer surgeries have been more accurate and precise due to the advanced localization technique. The usage of Breast Lesion Localization Devices is expanding as breast cancer is becoming more prevalent. Changes in lifestyle, including dietary preferences, behavioral factors, and physical activity, make breast cancer even worse.
Breast Lesion Localization Methods Market: A thorough Segmentation Analysis
The breast lesion localization Market segmentation is based on Techniques, Usage, End-User, and Region.
By Techniques
Radioisotope localization Wire Localization Electromagnetic localization Magnetic localization Others
By Usage
Tumor identification Sentinel lymph node identification Lumpectomy
By End-User
Hospitals Oncology Clinics Diagnostics Centres Others
For Region
North America
Asia-Pacific
India Japan China Rest of APAC
Europe
Italy U.K. Germany France Switzerland The rest of Europe
LAMEA
Saudi Arabia Israel Brazil South Africa Rest of LAMEA
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The market was largely ruled by the wire localization segment in 2021, with a share of 32% on the basis of type. Radiologists and surgeons can easily and affordably use wire localization. In addition to processing, wire localization services provide numerous options for easily connecting to radiology imaging devices via a guided wire thereby all of these factors are fuelling the expansion of the wire localization segment.
The hospital segment is estimated to generate a revenue share of $596.2 million throughout 2021-2028 in terms of the end user. The availability of skilled professionals, rising breast cancer incidence, and widespread adoption of advanced breast lesion localization techniques contribute to this market segment's growth.
North America held a considerable position with a share of more than 35% regionally in 2021. It is because of the availability of government programs for cancer screening and the availability of reimbursement policies for the area. Most people with breast cancer live in the North American region, and the government is investing heavily in medical equipment and Breast Lesion Localization Devices. These elements are expanding the market for Breast Lesion Localization in North American nations.
Key players in Breast Lesion Localization Methods Market:
Mermaid Medical A/S IZI Medical Products Sirius Medical B.V. Argon Medical Devices Tsunami Medical Becton, Dickinson, and Company SOMATEX Medical Technologies GmbH Molli Surgical BPB Medica Cianna Medical C.R. Bard, Endomagnetics Laurane Medical Cianna Medical CP Medical Ranfac Corporation Hologic Sirius medical Cook MedicalHealth Beacons Surgiceye GmbH. Intra-Medical Imaging Leica Biosystems Elucent Medical
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Breast Lesion Localization Methods Market Report Coverage
| Report Attribute | Details |
| Forecast Period | 2021 - 2030 |
| The market size value in 2021 | USD 966.56 Million |
| The revenue forecast in 2030 | USD 3.03 Billion |
| Growth rate | CAGR of approximately 13.57% |
| The base year for estimation | 2021 |
| Historical data | 2017 – 2020 |
| Unit | USD Billion, CAGR (2021 - 2030) |
| Segmentation | By Type, By Usage, By End-User, By Region. |
| By Type | Electromagnetic localization, Wire Localization, Magnetic localization, Radioisotope localization, and Others. |
| By End-User | Diagnostics Centres, Oncology Clinics, Hospitals, Others. |
| By Usage | Sentinel lymph node identification, Tumor identification, and Lumpectomy. |
| By Region | North America, Europe, Asia Pacific, LAMEA. |
| Country Scope | U.S., Canada, France, Germany, U.K., China, Japan, India, South Korea, Mexico, Brazil, U.A.E. etc. |
| Company Usability Profiles | Argon Medical Devices, Mermaid Medical A/S, IZI Medical Products, Becton, Dickinson, and Company, Tsunami Medical, Sirius Medical BV., Molli Surgical, C.R. Bard, Endomagnetics, SOMATEX Medical Technologies GmbH, Laurane Medical, Cianna Medical, CP Medical, BPB Medica, Cianna Medical, Cook Medical, Intra-Medical Imaging, Ranfac Corporation, Leica Biosystems, Health Beacons, Hologic, Elucent medical, Surgiceye GmbH., Sirius medical. |
| Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. |
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Recent Developments
Molli Surgical, a Toronto based company, is now offering its patient-first solution to the Sprott Department of Surgery at the University Health Network (UHN). The wire-free, radiation-free marker technology developed by Molli Surgical in Canada will increase patient and doctor comfort and confidence while locating lesions for surgeries for breast cancer.
A precise, user-friendly new technology for breast cancer localization called Molli has been adopted by the Strathroy Middlesex General Hospital. The first ever hospital in southwest Ontario to employ this technology is SMGH.
The FDA has approved iSono Health's Atusa system for whole-breast ultrasound imaging. The Atusa whole-breast ultrasound system is a first of its kind, automated, compact system with user-friendly software and a special wearable accessory for automated image analysis and acquisition.
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