Gamma Probe Device Market Key Developments with Top Players Dilon Technologies, Lake Shore Cryotronics, Wake Medical , Ziteo, Intramedical Imaging

Gamma probe device enables surgeons to identify radio-labelled tissue during pre-operation and intra-operation for radio guided diagnosis and surgery. Surgeons often find it difficult to locate tissues, such as tumors, parathyroid glands, and lymph nodes, within the human body. Therefore, proper utilization of a gamma probe allows the surgeon to make a smaller incision and the tissues of interest have been located. One of the most common uses of gamma probes is in one of the surgical procedure called Sentinel Node Biopsy, used to determine whether a tumor has metastasized, or spread to new locations. This biopsies are common for staging breast cancer and melanoma, and are becoming increasingly popular in staging other forms of cancer also. The carrier substance or radionuclide such as Technetium-99m or Nano colloid or sestamibi are used as tracer for gamma probe device. Sentinel Node Biopsies most commonly use a radioisotope called Technetium-99m.

Gamma probe device are available in three forms – handheld, table-top and trolley mounted. The closed probe device market is driven by the factors like product launches with advanced feature, increasing incidence of breast cancer and rising awareness among population about advantages of gamma radiation over other detection technique such as X-ray increasing adoption rate among patients and its usage by surgeons . On other hand, selection of cost-effective alternative by the patients is expected to be the major hurdle for gamma probe device market.

Gamma Probe Device Market - Driver

New product launches by the key players will fuel the growth of the global gamma probe device market during the forecast period. For instance, in July 2016, Dilon Technologies, Inc., an innovative medical solution provider, introduced new purple Navigator 2.0 gamma probe system for sentinel lymph node biopsy. The system is aided by the features like wireless, simple to operate, exceptional extended life, and the ergonomic stainless steel probes, that can be sterilized by major sterilization methods. Moreover, this company also adopted inorganic strategies such as full service support to the existing Navigator GPS system in the field. Moreover, in year 2016, researchers of École Polytechnique Fédérale de Lausanne (EPFL) developed wireless gamma probe, handle held and light weight, aiming to detect cancer cells and suspicious lymph nodes during surgery. According to International Atomic Energy Agency (IAEA), parathyroid detection is growing fast, while the intraoperative use of gamma probes for direct tumor detection is just emerging.

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Moreover, increasing prevalence and high incidence of cancer expected to propel the growth of gamma probe device market. According to World Cancer Research Fund International, breast cancer is most common cancer worldwide in females and second most common cancer of all, with around 1,671,000 new cases diagnosed in 2012. For instance, according to Center of Disease Control and Prevention (CDC), the prevalence of invasive thyroid cancer was 13.5 in 2009 which increased to 14.5 per 100,000 in 2014. Further, according to breast cancer organization, 266,120 new cases of invasive breast cancer were expected to be diagnosed in United States as in year 2018. Further it says, as of January 2018, more than 3.1 million women were present in United States with the history of breast cancer. Moreover, according to Cancer Research UK, UK breast cancer incidence rates are estimated to be the 6th highest in Europe. Additionally, according to National Institute of Health suggest, the number of people living beyond a cancer diagnosis reached nearly 14.5 million in 2014 and is expected to rise to almost 19 million by 2024. These high number of undiagnosed patients will further swell the gamma probe market.

Furthermore, increasing number of cancer surgeries will propel gamma probe device market. For instance, according to article published in 2015 of The Lancet Oncology, of the 15·2 million new cases of cancer in 2015, over 80% of cases will need surgery. The article also estimates global annual number of surgical procedures to be 45 million by 2030. Moreover, according to State of California, the number of cancer surgeries performed in hospitals, Jan – Sep 2015, were – 677 bladder surgery, 2,111 brain, 19,914 breast, 5,456 colon, 264 esophagus, 952 liver, 2,508 lung, 656 pancreas, 4,474 prostate, 1,698 rectum and 744 stomach.

Gamma Probe Device Market – Competitor

The key players of global gamma probe device market are Dilon Technologies, Inc., Lake Shore Cryotronics, Inc., Wake Medical Ltd., Ziteo Inc., Intramedical Imaging, LLC and Berkeley Nucleonics Corporation. The strategies adopted by market player to expand the product portfolio will expand the gamma probe device market in the near future. For instance, in 2014, Dilon Technologies, Inc., acquired the assets of the Navigator gamma probe business of RMD Instruments Corp., a subsidiary of Dynasil Corporation of America. The acquisition will expand company’s existence in diagnostic and surgical segments by acquiring Navigator 2.0, RMD’s recently launched wireless gamma probe.

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