The global breast localization system market is expected to generate more than US$ 1 billion in incremental potential by 2022, growing at a CAGR of 9% to 10% between 2022 and 2032. Breast localization system demand is predicted to reach US$ 2 billion by the end of 2032, up from US$ 990 million in 2021.
Breast localization systems are medical equipment that are used to find abnormalities in the breast that cannot be felt but may be seen on a mammogram. These medical gadgets are gaining popularity in breast diagnostic infrastructures because to benefits such as precise localisation, high accuracy, ease of use, and others.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Breast Localization System Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Breast Localization System market.
Key Breast Localization System Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Breast Localization System market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Breast Localization System Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Breast Localization System market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Breast Localization System Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Breast Localization System market. As per the survey, Breast Localization System sales will project steady growth over the forecast period.
- Breast Localization System Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Breast Localization System market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Breast Localization System Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Breast Localization System market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Breast Localization System market.
Some of the prominent market players are profiled by FMI are:
- Ranfac Corporation
- C.R. Bard
- Invivo Corporation
- SOMATEX Medical Technologies GmbH
- SurgicEye GmbH
- Cianna Medical
- Cook Medical
- GE Healthcare
- Argon Medical Devices
- Intra-Medical Imaging LLC
- IsoAid, LLC
- NuclearLab S.R.L.
- Endomagnetics Ltd.
- Others
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Key Segments Profiled in the Breast Localization System Market Survey
By Device Type:
- Wire Guided, Radioisotope
- Radioactive-Seed Localization (RSL)
- Radio Guided Occult-Lesion Localization (ROLL)
- Magnetic Tracer
By Application:
- Breast Biopsy
- Lumpectomy
By End User:
- Hospital
- Ambulatory Surgical Center
- Diagnostic Center
- Ambulatory Care Center
- Specialty Clinic
- Others
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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