Breast Lesion Localization Methods Market is Booming 2019 | By Top Players Cook Medical Inc., Argon Medical Devices, Inc, C. R. Bard, Inc., SOMATEX Medical Technologies GmbH, Tsunami S.r.l, Sterylab Medical and Biopsybell Srl

Rapid strides made in technology and keen interest of healthcare providers to integrate cutting-edge solutions backed up by supportive government norms is fueling growth of this highly lucrative market, especially in developed regions. Furthermore, rise in prevalence of breast cancer globally, especially in Asia Pacific countries would inadvertently support market growth in the near future. In order to alleviate this spike in incidence rate of the malady, governments are focusing on strengthening the healthcare infrastructure through supportive regulatory norms and investments.

Prevalence of breast cancer is rapidly increasing, with this being recorded as one of the most prevalent forms of cancer worldwide. According to U.S. Centers for Disease Control and Prevention, adult women (18 -29 years) with breast cancer in the U.S. spend US$ 19,435 more on medical care than those without breast cancer, every year. Increasing incidence of breast cancer is further expected to augment market growth. Introduction of cost-effective methods to help tackle breast cancer is expected to boost adoption of breast lesion localization method in the near future.

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Various manufacturers are developing new products to strengthen their foothold in the market, which in turn, is expected to favor growth of the breast lesion localization methods market. For instance, according to Xconomy, Inc., in 2017, Elucent Medical, a newly formed organization, raised around US$ 7.0 million for development of breast cancer medical devices to enrich its product portfolio. Furthermore, growing healthcare expenditure by local governments is contributing to growth in healthcare infrastructure, primarily in emerging economies.

Government regulations and current guidelines implemented in order to maintain women’s health and also to minimize the prevalence of breast cancer, creates a highly conducive environment for breast lesion localization methods market growth in the near future. According to Centers for Disease Control, in 2000, the authority itself funded the National Breast and Cervical Early Detection Program in all states such as the District of Columbia, along with six U.S. territories, and 12 American Indian/Alaska native organizations

Key players in the market are focusing on upgrading existing devices and inorganic growth strategies such as mergers and acquisitions. For instance, in 2016, AbbVie – a global biopharmaceutical company – acquired Stemcentrx, which has four novel compounds under clinical trials for solid tumor indications that further includes triple negative breast cancer, ovarian cancer, and non-small cell lung cancer.

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Some of the major players in the global breast lesion localization methods market are Cook Medical Inc., Argon Medical Devices, Inc, C. R. Bard, Inc., SOMATEX Medical Technologies GmbH, Tsunami S.r.l, Sterylab Medical and Biopsybell Srl.

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