Sentinel Node Biopsy 2019 Global Market Size, Share, Latest Technology, New Equipment, Growth and Trends, Forecast Report 2023

Sentinel Node Biopsy Market Research Report– Information: By-Product (Breast Localization Wire, Tissue Marker, Gamma Probe, Drainage Catheters), Indication (Breast Cancer, Melanoma, Colon Cancer, Esophageal Cancer), End User (Hospitals & Clinics, Diagnostic Centers) - Global Forecast Till 2023

Market Scenario

Sentinel node biopsy market is growing pervasively mainly due to the increasing prevalence of various types of cancer including melanoma, colon cancer, breast cancer, esophageal cancer, head and neck cancer among others. Moreover, the spreading awareness towards the advantages of sentinel node biopsy escalates its market on the global platform.

Acknowledging the exponential traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published a study report asserts that the global sentinel node biopsy market will witness significant accruals by 2023 registering 5.1 % CAGR during the review period (2017 to 2023).

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Segmentation

he MRFR analysis is segmented into four key dynamics for enhanced understanding.

By Product : Breast Localization Wire, Tissue Marker, Gamma Probe, and Drainage Catheters among others.

By Indication: Breast Cancer, Melanoma, Colon Cancer, and Esophageal Cancer among others.

By End-user : Hospitals & Clinics, and Diagnostic Centers among others.

By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.

Regional Analysis:

Furthermore, the market is also driven by the availability of technologically advanced medical devices and quality care in healthcare institutes. In Americas, North America is the major market due to increasing number of market players offering biopsy devices and instruments. As per the American Cancer Society, in 2015, there were 231,840 new cases of breast cancer, and till March 2017, there were 3.1 million women with a history of breast cancer in the U.S. As per the National Cancer Institute, 2016, in the U.S. around 1,685,210 new cases of cancer were diagnosed and in 2014, around 15,780 children and adolescents ages 0 to 19 were diagnosed with cancer and 1,960 died of the disease.

In Europe, there is an increasing demand for medical devices and availability of funds for research and development activities in the reproductive health. Germany acquires the first position the European market owing to an increasing demand for cancer diagnosis. France and U.K secure second and third position are respectively owing to the availability of tertiary care facilities in these countries and rising healthcare expenditure.

The Asia Pacific is the fastest growing region in the market India and China exhibit enormous growth opportunities owing to ever increasing the prevalence of chronic diseases, increase in a number of women suffering for reproductive disorders, and increasing expenditure on surgical procedures industry by key players in developing economies throughout the Asia Pacific.

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In the Middle East, Saudi Arabia and the United Arab Emirates are the major countries holding the largest share in the market. Africa exhibits slow growth owing to limited penetration of technology in this region and unawareness about sentinel node biopsy.

Key Players

Some of the key players in this market are Devicor Medical Products, Inc., part of Leica Biosystems. (Germany), C. R. Bard, Inc. (U.S.), INTRAMEDICAL IMAGING LLC (U.S.), Hilfe Engineering Corporation (India), Surgic Eye (Germany), KUB Technologies, Inc. (U.S.), Navidea Biopharmaceuticals, Inc.(U.S.) and others.

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