Breast Lesion Localization Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

 The global breast lesion localization market size was valued at $480 million in 2022, and is projected to reach $812 million by 2030, registering a CAGR of 7.8% during the forecast period (2023-2030). The increasing response toward the limitations of conventional localization methods identified by surgeons has increased the demand for alternative techniques of breast lesion localization. Technical challenges relating to deletion and same-day wire placement have led to the development of advanced breast lesion regulation systems. The favorable compensation scenario for breast cancer treatment in several developed countries, the increase in the number of breast cancer surgeries, and the promising ongoing research in the field have also contributed to the growth of the market. The market players are rising focus on adopting key strategies which are expected to contribute to the growth of the market during the forecast period. For instance, in January 2021, Hologic, Inc. acquired Somatex Medical Technologies for USD 64 million. This acquisition assists the company in providing a broad suite of innovative breast health solutions and expanding its breast marker portfolio with biopsy site markers and localization technologies. Furthermore, with this acquisition, the company intends to boost its sales presence in Europe by growing its direct channel in Germany and its regional and global distributor partner network.

The favorable compensation situation for breast cancer treatment in several developed countries, the increase in the number of breast cancer surgeries, and the promising ongoing research in the field have also contributed to the growth of the market. However, regulatory approval procedures are lengthy and complex due to the risks associated with several breast lesion localization devices. This is likely to hamper the market growth. Success in eliminating these risks and producing safer localization devices is thus a major opportunity for players operating in the global market.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Usage
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape - Argon Medical Devices, Matek Medical Devices Technology Industry and Trade Inc., Sterylab S.R.L., Medax Medical Devices, and others.

Breast Lesion Localization Market Report Segment

By Type

Wire Guided Localization
Radio Isotope Localization
Magnetic Tracer

A full Report of Breast Lesion Localization Market is Available at:  https://www.omrglobal.com/industry-reports/breast-lesion-localization-market

Breast Lesion Localization Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
Rest of APAC

Rest of The World

Latin America 
Middle East & Africa

Company Profiles 

Argon Medical Devices, Inc.,
Becton, Dickinson, and Co.
C.R. Bard, Inc.
Cianna Medical, Inc.
Cook Medical Inc.
C.P.Medical Corp.
Devicor Medical Products, Inc.
Endomagnetics Ltd.
FaxitronBioptics, LLC.
Health Beacons, Inc.
Somatex Medical Technologies GmbH
STERYLAB S.r.l.
Sysmex Nordic ApS

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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