Global Breast Lesion Localization Research Report 2023-2028: Advancements in Imaging Technology Fuel Detection of Clinically Occult Breast Lesions, Propelling Localization Market

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Aug 25, 2023, 06:45 ET

DUBLIN, Aug. 25, 2023 /PRNewswire/ -- The "Breast Lesion Localization Market by Type (Wire, Radioisotope (ROLL, RSL), Magnetic, Electromagnetic Localization), Usage (Breast Biopsy, Lumpectomy), End User (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The breast lesion localization market is expected to reach USD 387.4 million by 2028 from USD 278.1 million in 2023, at a CAGR of 6.9%.

The increasing screening of breast cancer through mammography and the increasing number of improvements in imaging technology have increased the detection of a non-palpable clinically occult breast lesion, which requires perioperative localization. There have been several technological advancements in breast lesion localization equipment in recent years aimed at improving patient safety, increasing efficiency, and reducing the cost of healthcare.

The growth of this market is mainly attributed to the growing incidence of breast cancer, the increasing rate of the geriatric population (as age is an important factor that increases the risk of breast cancer), the increasing number of breast cancer surgeries, and the rising awareness on the early detection of breast cancer in the coming years.

However, several factors, such as uncertainty in regulatory approval procedures, are expected to restrain the growth of the breast lesion localization market during the forecast period.

In 2022, Asia Pacific will grow at the highest CAGR during the forecast period. Major factors driving the growth of this market are rising prevalence of breast cancer, increasing healthcare expenditure, and the increasing number of awareness programs for the early detection of breast cancer in several APAC countries. Furthermore, rising government spending on breast cancer research and growing funding are also driving the market growth in APAC.

The prominent players in the breast lesion localization market include Hologic, Inc. (US), Becton, Dickinson and Company (US), Merit Medical Systems (US), Leica Biosystems Nussloch GmbH (US), Argon Medical Devices (US).

Breast biopsy segment accounted for a larger share of the breast lesion localization market

In 2022, the breast biopsy segment accounted for a larger share of the breast lesion localization market.

The large share of this segment can be attributed to the increasing number of patients opting for breast biopsies across the world, the increasing rate of non-palpable breast lesions detected in screening programs, the rising number of breast cancer screening programs, the growing incidence of breast cancer, and an increase in awareness of early cancer detection.

The electromagnetic localization will grow at the highest CAGR during the forecast period

Based on type, the electromagnetic localization segment is estimated to grow at the highest during the forecast period.

The high growth of this segment can be attributed to factors such as reduction in surgical delays, improved patient satisfaction, optimal surgical planning, and no need for radioactive components. A recent development in the field of breast localization methods is the emergence of technologically advanced localization methods, which use electromagnetic waves to localize breast lesions.

Premium Insights

Rising Awareness About Breast Cancer and Increasing Government Initiatives Globally to Drive Market
Wire Localization Held Largest Share of Asia-Pacific Breast Lesion Localization Market in 2022
Asia-Pacific to Witness Highest Growth in Breast Lesion Localization Market During Forecast Period
North America to Dominate Breast Lesion Localization Market Till 2028
Emerging Economies to Register Higher Growth Rates During Study Period

Market Dynamics

Drivers

Increasing Incidence of Breast Cancer
Growth in Aging Population
Increasing Awareness on Early Detection of Breast Cancer

Restraints

Uncertainty in Regulatory Approval Procedures

Opportunities

High Growth Potential in Emerging Economies
Increasing Adoption of Technologically Advanced Localization Procedures

Challenges

Shortage of Oncologists

Industry Insights

Industry Trends

Electromagnetic Waves for Localization of Breast Lesions
Radiofrequency Identification in Breast Lesion Localization
Machine Learning Algorithms for Computer-Aided Breast Lesion Detection
Impact of Economic Recession on Breast Lesion Localization Market
Value Chain Analysis
Reimbursement Analysis

Technology Analysis

Key Technologies
Wire-Guided Localization (Wl)
Carbon Marking
Radioguided Occult Lesion Localization (Roll)
Radioactive Seed Localization (Rsl)
Magnetic Seed Localization (Msl)
Radiofrequency Reflector (Rfr)
Complementary Technologies
Mammography
3D Mammography or Tomosynthesis
Magnetic Resonance Imaging
Ultrasound
Adjacent Technologies
Computer Vision and Artificial Intelligence

Case Study Analysis

Case Study 1: Estimating Market Size of Breast Lesion Localization Methods and Market Share Analysis for Key Products at Country Level
Case Study 2: Estimating Market Size of Breast Biopsy and Market Share Analysis for Key Products at Country Level

Company Profiles

Key Players

Hologic, Inc.
Becton, Dickinson and Company
Merit Medical Systems
Leica Biosystems Nussloch GmbH
Argon Medical Devices
Laurane Medical LLC
Endomagnetics Ltd. (Endomag)
Intramedical Imaging, LLC
Isoaid
Surgiceye GmbH

Other Players

Ranfac Corp.
Mermaid Medical Group
Izi Medical Products, LLC
Matek Medikal
Tsunami Medical Srl
Bpb Medica
Sirius Medical Systems B.V.
Molli Surgical Inc.
Sterylab S.R.L.
Cp Medical
Mdl Srl
Biomedical Srl
Elucent Medical
Vigeo Srl
Medax Medical Devices

For more information about this report visit https://www.researchandmarkets.com/r/nu1qty

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