Global Breast Lesion Localization Methods Market Size To Exceed USD 4.23 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Breast Lesion Localization Methods Market Size Expected to Grow from USD 1.96 Billion in 2023 to USD 4.23 Billion by 2033, at a CAGR of 8.00% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Breast Lesion Localization Methods Market Size, Share, and COVID-19 Impact Analysis, By Type (Wire Localization, Radioisotope Localization, Radioactive Seed Localization, Radio Occult Lesion Localization, Magnetic Tracers, and Others), By Biopsy Techniques (Fine Needle Aspiration Biopsy, Core Needle Biopsy, Surgical Biopsy, Incisional Biopsy, Excisional Biopsy, Vacuum-Assisted Breast Biopsy, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The breast lesion localization methods market is the industry for developing, manufacturing, and implementing the techniques employed to precisely position breast lesions prior to biopsy or surgery. These techniques help the physicians detect non-palpable or abnormal breast tissues revealed during imaging tests such as mammography, ultrasound, or MRI. Moreover, the breast lesion localization methods market is driven by the growing incidence of breast cancer, growing knowledge of early detection, and the development of minimally invasive localizing methods. The transition to wire-free solutions, increased use of image-guidance procedures, and promotion by government programs for cancer screening programs drive market expansion further. Technology advancements enhancing surgical precision and patient comfort also increase demand. However, excessive prices of advanced localization methods, shortage of experts, and regulation issues limit the growth of the market. The risk of procedure complications and reliance on conventional practices also prevent adoption on a large scale.
The wire localization segment accounted for the largest share of the global breast lesion localization methods market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of type, the global breast lesion localization methods market is divided into wire localization, radioisotope localization, radioactive seed localization, radio occult lesion localization, magnetic tracers, and others. Among these, the wire localization segment accounted for the largest share of the global breast lesion localization methods market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because of its widespread application, well-documented accuracy, and economy. Although wire-free systems have gained popularity, it is still the gold standard for preoperative localization with backing from their documented clinical acceptance, high availability, and acceptance by surgeons and radiologists.
The core needle biopsy segment accounted for a substantial share of the global breast lesion localization methods market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the biopsy techniques, the global breast lesion localization methods market is divided into fine needle aspiration biopsy, core needle biopsy, surgical biopsy, incisional biopsy, excisional biopsy, vacuum-assisted breast biopsy, and others. Among these, the core needle biopsy segment accounted for a substantial share of the global breast lesion localization methods market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is because of its high accuracy, minimally invasive procedure, and universal application in breast cancer diagnosis. It yields larger tissue samples than fine needle aspiration, allowing for accurate histopathological assessment, and is thus the method of choice for early and accurate breast lesion examination.
North America is projected to hold the largest share of the global breast lesion localization methods market over the projected period.
North America is projected to hold the largest share of the global breast lesion localization methods market over the projected period. This is attributable to its established healthcare infrastructure, advanced imaging technology adoption, and established presence of major players in the market. Moreover, increased needs for AI-based imaging solutions, higher incidence rates of chronic diseases, and higher investment by governments in healthcare and research fuel the market growth in the region.
Asia Pacific is expected to grow at the fastest CAGR of the global breast lesion localization methods market during the projected period. This is because of the growing incidence of breast cancer, accelerating awareness about early diagnosis, and an expanding healthcare infrastructure. Sustained investments in medical technology, government programs for screening, and the adoption of sophisticated localization methods further boost market growth in China, India, and Japan.
Company Profiling
Major vendors in the global breast lesion localization methods market are BD, Merit Medical Systems, Argon Medical Devices, Cook, SOMATEX Medical Technologies GmbH (Hologic Inc.), MOLLI Surgical Inc. (Stryker), STERYLAB S.r.l., Theragenics Corporation, MDL SRL., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, Hologic, Inc. finalized its purchase of UK's Endomagnetics Ltd for about USD 310 million, adding to its breast surgery offerings with cutting-edge localization and lymphatic tracing technology to enhance patient outcomes.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global breast lesion localization methods market based on the below-mentioned segments:
Global Breast Lesion Localization Methods Market, By Type
- Wire Localization
- Radioisotope Localization
- Radioactive Seed Localization
- Radio Occult Lesion Localization
- Magnetic Tracers
- Others
Global Breast Lesion Localization Methods Market, By Biopsy Techniques
- Fine Needle Aspiration Biopsy
- Core Needle Biopsy
- Surgical Biopsy
- Incisional Biopsy
- Excisional Biopsy
- Vacuum-Assisted Breast Biopsy
- Others
Global Breast Lesion Localization Methods Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa