Market Overview:
The global breast lesion guidance systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of breast cancer, technological advancements in breast lesion guidance systems, and rising demand for minimally invasive surgeries. Based on type, the global breast lesion guidance systems market is segmented into wire-guided localization (WGL), magnetic tracers, electromagnetic reflectors, and others. The WGL segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030 due to its advantages such as accuracy and precision over other types of guidance systems. Based on application, hospitals are estimated to account for the largest share of the global market in 2018 followed by clinics and ambulatory surgery centers (ASCs).
Product Definition:
A breast lesion guidance system is a medical device that uses ultrasound or magnetic resonance imaging (MRI) to help guide a surgeon during the removal of a cancerous tumor from a woman's breast. The system typically consists of an ultrasound or MRI machine and software that converts the images from the machine into 3-D models of the woman's breasts. These models can be used to create "maps" that show where tumors are located in relation to other structures in the breast. This information can help surgeons plan their surgical approach and avoid damaging healthy tissue.
Wire-Guided Localization (WGL):
Wire-guided localization (WGL) is a new breast lesion localization technology. It uses wires or needles to guide surgical instruments to the target site of the tumor. The technique was first used in human beings by surgeons from the University of Toronto and Hospital for Sick Children in Canada, in December 2006. Since then, it has been used extensively around the world with great success rates as compared to other techniques like needle-based systems and radioisotope localization systems.
Magnetic Tracers:
Magnetic tracers are used in breast lesion guidance systems to locate the tumor. These tracers can be injected into the patient's body and then they will follow the magnetic field lines to locate tumors, blood vessels, and other tissues. Magnetic tracers have a wide range of applications such as biopsy guidance, image-guided therapy (IGGT), needle guidance system for angiography suite including vascular procedures and breast cancer surgeries.
Application Insights:
Based on application, the market is segmented into hospitals, clinics and ASCs, and others. Hospitals held the largest share in 2017 owing to high usage rate of breast lesions in diagnostic procedures. Moreover, increasing number of research studies focusing on biomarkers for early diagnosis of breast cancer at its nascent stage is expected to drive growth over the forecast period.
Clinics and ASCs are anticipated to register highest CAGR during the forecast period due to rising prevalence of chronic diseases such as heart disease, diabetes mellitus type 2 & 3 across regions coupled with an increase in healthcare expenditure globally will boost revenue generation from 2018 to 2030. Furthermore, growing R&D initiatives by major players for developing novel devices that can diagnose early-stage breast cancer will further augment industry growth over the coming years.
The others segment includes imaging centers.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of technologically advanced systems, and favorable reimbursement policies. The U.S., which is at the forefront of this region, has a well-developed healthcare infrastructure and is one of the most lucrative markets for medical devices globally.
Asia Pacific breast lesion guidance system market is expected to grow at a rapid pace over a forecast period owing to factors such as increasing awareness about cancer screening programs among women population.
Growth Factors:
- Increasing incidence of breast cancer: The incidence of breast cancer is increasing at a rapid pace across the globe. This is primarily attributed to the changing lifestyle and dietary habits. According to the American Cancer Society, around 1 in 8 women in the U.S. will develop invasive breast cancer during their lifetime. This number is expected to increase in future owing to the growing population and aging population. Thus, there is an increasing demand for better diagnostic and treatment options for breast cancer, which will drive the growth of Breast Lesion Guidance Systems market over the forecast period
- Growing awareness about early detection of breast cancer: There is a growing awareness among people about early detection of breast cancer through screening tests such as mammography and ultrasound scanning techniques etc., which has resulted in an increase in demand for Breast Lesion Guidance Systems products over past few years globally . In addition, various government initiatives undertaken worldwide are also contributing towards increased awareness about early detection of this deadly disease thereby propelling growth prospects for this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Breast Lesion Guidance Systems Market Research Report
By Type
Wire-Guided Localization (WGL), Magnetic Tracers, Electromagnetic Reflectors, Others
By Application
Hospitals, Clinics, ASCs, Others
By Companies
BD, Hologic, Cianna Medical (Merit Medical), Argon Medical Devices, SOMATEX Medical, STERYLAB, BD
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Breast Lesion Guidance Systems Market Report Segments:
The global Breast Lesion Guidance Systems market is segmented on the basis of:
Types
Wire-Guided Localization (WGL), Magnetic Tracers, Electromagnetic Reflectors, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, ASCs, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BD
- Hologic
- Cianna Medical (Merit Medical)
- Argon Medical Devices
- SOMATEX Medical
- STERYLAB
- BD
Highlights of The Breast Lesion Guidance Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wire-Guided Localization (WGL)
- Magnetic Tracers
- Electromagnetic Reflectors
- Others
- By Application:
- Hospitals
- Clinics
- ASCs
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Breast Lesion Guidance Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Breast Lesion Guidance Systems (BLGS) is a national program that provides breast cancer patients and their families with information about the appearance, location, size, and behavior of breast lesions. BLGS also provides tips on how to identify and treat these abnormalities.
Some of the major players in the breast lesion guidance systems market are BD, Hologic, Cianna Medical (Merit Medical), Argon Medical Devices, SOMATEX Medical, STERYLAB, BD.
The breast lesion guidance systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Breast Lesion Guidance Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Breast Lesion Guidance Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Breast Lesion Guidance Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Breast Lesion Guidance Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Breast Lesion Guidance Systems Market Size & Forecast, 2018-2028
4.5.1 Breast Lesion Guidance Systems Market Size and Y-o-Y Growth
4.5.2 Breast Lesion Guidance Systems Market Absolute $ Opportunity
Chapter 5 Global Breast Lesion Guidance Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Breast Lesion Guidance Systems Market Size Forecast by Type
5.2.1 Wire-Guided Localization (WGL)
5.2.2 Magnetic Tracers
5.2.3 Electromagnetic Reflectors
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Breast Lesion Guidance Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Breast Lesion Guidance Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 ASCs
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Breast Lesion Guidance Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Breast Lesion Guidance Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Breast Lesion Guidance Systems Analysis and Forecast
9.1 Introduction
9.2 North America Breast Lesion Guidance Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Breast Lesion Guidance Systems Market Size Forecast by Type
9.6.1 Wire-Guided Localization (WGL)
9.6.2 Magnetic Tracers
9.6.3 Electromagnetic Reflectors
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Breast Lesion Guidance Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 ASCs
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Breast Lesion Guidance Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Breast Lesion Guidance Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Breast Lesion Guidance Systems Market Size Forecast by Type
10.6.1 Wire-Guided Localization (WGL)
10.6.2 Magnetic Tracers
10.6.3 Electromagnetic Reflectors
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Breast Lesion Guidance Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 ASCs
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Breast Lesion Guidance Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Breast Lesion Guidance Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Breast Lesion Guidance Systems Market Size Forecast by Type
11.6.1 Wire-Guided Localization (WGL)
11.6.2 Magnetic Tracers
11.6.3 Electromagnetic Reflectors
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Breast Lesion Guidance Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 ASCs
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Breast Lesion Guidance Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Breast Lesion Guidance Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Breast Lesion Guidance Systems Market Size Forecast by Type
12.6.1 Wire-Guided Localization (WGL)
12.6.2 Magnetic Tracers
12.6.3 Electromagnetic Reflectors
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Breast Lesion Guidance Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 ASCs
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Breast Lesion Guidance Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Breast Lesion Guidance Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Breast Lesion Guidance Systems Market Size Forecast by Type
13.6.1 Wire-Guided Localization (WGL)
13.6.2 Magnetic Tracers
13.6.3 Electromagnetic Reflectors
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Breast Lesion Guidance Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 ASCs
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Breast Lesion Guidance Systems Market: Competitive Dashboard
14.2 Global Breast Lesion Guidance Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BD
14.3.2 Hologic
14.3.3 Cianna Medical (Merit Medical)
14.3.4 Argon Medical Devices
14.3.5 SOMATEX Medical
14.3.6 STERYLAB
14.3.7 BD
