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Breast Tissue Markers Market Growth, Growth Demand, Size, Key Drivers, Forecast To 2033
Breast Tissue Markers Market Growth
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According to The Business Research Company's, The breast tissue markers market size has grown strongly in recent years. It will grow from $2.54 billion in 2023 to $2.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to advancements in imaging technology, the rise in breast cancer screening programs, the development of minimally invasive biopsy techniques, regulatory approvals and standardization, and surgeon and radiologist preference.
The breast tissue markers market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to the growing adoption of personalized medicine, rising demand for minimally invasive procedures, growth of outpatient and ambulatory surgical centers, rising healthcare expenditure and insurance coverage, and integration of artificial intelligence. Major trends in the forecast period include increasing adoption of biodegradable breast tissue markers, integration with advanced imaging technologies, focus on patient comfort, sustainability, and eco-friendly products, collaboration between diagnostic and therapeutic systems, and adoption of wireless and remote monitoring.
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Market Drivers and Trends:
The rise in the number of breast cancer cases is expected to propel the growth of the breast tissue markers market going forward. Breast cancer is a malignant tumor that originates in the cells of the breast tissue. The rise in breast cancer cases is often attributed to factors such as increased life expectancy, improved detection methods, lifestyle changes, and environmental influences. Breast tissue markers are used in breast cancer to help diagnose, track disease progression, and guide treatment decisions by identifying specific proteins or genetic mutations. For instance, in January 2023, according to the American Cancer Society, a US-based organization, the number of new invasive breast cancer cases in women in the US rose from approximately 281,550 in 2021 to 297,790 in 2023. Meanwhile, the number of cases among men increased from 2,650 to 2,800 during the same period. Therefore, the rise in the number of breast cancer cases is driving the growth of the breast tissue markers market.
Major companies operating in the breast tissue markers market are focusing on developing innovative solutions, such as breast biopsy site markers, to enhance ultrasound visibility, improve ease of locating, and mitigate displacement during surgical procedures. A breast biopsy site marker is a small device placed at the biopsy site to mark the location for future imaging or surgical procedures. For instance, in August 2023, Mammotome, a US-based provider of breast biopsy markers, introduced the HydroMARK Plus breast biopsy site marker. This marker features a hydrogel design that expands upon contact with fluid, enhancing visibility in ultrasound imaging. Its innovative design ensures precise site marking and accurate localization for subsequent diagnostic and treatment procedures. Additionally, it provides long-term stability within breast tissue, minimizing the need for further interventions.
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Major Key Players of the Market:
Johnson & Johnson Company, Thermo Fisher Scientific, Medtronic PLC, Siemens Healthineers, Stryker Corporation, GE HealthCare Technologies Inc., Hologic Inc., Kaiser Permanente, Cook Medical Inc., Merit Medical Systems Inc., Leica Biosystems Inc., Argon Medical Devices Inc., Devicor Medical Products Inc., Mermaid Medical Group, iCAD Inc., Endomag, Focal Therapeutics Inc., Laurane Medical, Carbon Medical Technologies Inc., Becton Dickinson and Company, INRAD Inc., Izi Medical Products LLC, Sanarus Technologies Inc., Scion Medical Technologies LLC, Biopsy Sciences LLC
Breast Tissue Markers Market 2024 Key Insights:
• The breast tissue markers market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Growth Of The Breast Tissue Marker Market Driven By Increasing Breast Cancer Cases
• Innovative Breast Biopsy Site Markers Enhance Visibility And Stability In Surgical Procedures
• North America was the largest region in the breast tissue markers market in 2023
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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