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(Health-NewsWire.Net, November 08, 2019 ) Market Overview:
Breast lesion localization methods are pre-surgical procedures, where localization devices such as radioisotopes, magnetic tracer, wires are inserted into cancer detected site to localize a non-palpable lesion at the time of surgical excision.
Breast Lesion Localization Methods, This procedure is carried out using surgical guidance systems such as ultrasound, Magnetic Resonance Imaging (MRI), or mammography, depending on the type of lesion and its location. With earlier detection of breast lesions, localization procedures have become necessary in up to 50% of all lumpectomy and surgical biopsy procedures to ensure accurate removal of the target lesion.
Market Dynamics:
Breast Lesion Localization Methods Market, The increasing incidences of breast cancer among women are the predominant driving factor of the global market for Breast Lesion Localization Methods.
The expanding awareness through cancer screening programs and rise in many initiatives undertaken by the government along with increased government expenditure over healthcare facilities also aid the market positively.
Breast Lesion Localization Methods Market, uncertainty in regulatory approval procedures due to the risk associated with breast lesion localization devices and affordability issues may hinder the market progress.
Market Segmentation:
By types, the global breast lesion localization methods market is segmented into Wire-Guided Localization, Magnetic Tracers, Electromagnetic Reflectors, and others
Breast Lesion Localization Methods Market, The wire-guided localization share (also known as needle localization) holds the most significant market share in the year 2018 and is expected to remain dominant over the forecast period. It can be attributed to its early establishment and higher adoption rate among end-users.
The magnetic tracer share is expected to be the fastest growing segment owing to factors such as cost-effectiveness, increased efficiency, and workflow. It eliminates the issues encountered by nonradioactive technology by improved surgical planning. It is one of the latest techniques and is widely used for pre-operative localization of non-palpable, suspicious lesions.
Breast Lesion Localization Methods Market, The Electromagnetic Reflectors market share is further segmented into radioactive seed localization (RSL), radio occult lesion localization (ROLL) and others. It holds a significant market segment owing it to the market growth of RSL due to decreased operative time, reduction in re-excision rates, and long half-life of RSL.
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Geographical Analysis:
Breast Lesion Localization Methods Market, North America holds a substantial share of the global Breast Lesion Localization Methods market, and it is primarily attributed to factors such as the high prevalence of breast cancer in the region.
It has a broad base of the patient population and the presence of significant medical companies. Moreover, the higher awareness in developed areas such as the U.S., high healthcare expenditure, the presence of research facilities and labs, the extensive research activities are undertaken by a majority of prominent players in the area, and the early adoption of advanced medical technologies help propel the regional market.
The Asia Pacific is expected to witness a significant growth owing it to the increasing awareness among individuals in the region. The region’s large population base also contributes to the high growth market.
Competitive Analysis:
Some of the key players in the industry are C.R. Bard, Sterylab, SOMATEX Medical Technologies GmbH, Argon Medical Devices, Becton, Dickinson and Company, etc…
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