HOME Top Market Reports Breast Lesion Localization Methods Market - Comparative Analysis, Field Force Analysis, Business Models, End User Preference Survey (Selection Criteria, Qualitative Analysis of Replacement Trend), Competitive Product Portfolio and Strategic Consolidation

Breast Lesion Localization Methods Market - Comparative Analysis, Field Force Analysis, Business Models, End User Preference Survey (Selection Criteria, Qualitative Analysis of Replacement Trend), Competitive Product Portfolio and Strategic Consolidation

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: MD 4236

 

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The breast lesion localization market is estimated to reach USD 877.9 Million by 2020 from USD 445.9 Million in 2015, at a CAGR of 14.5% from 2015 to 2020.

Over the years, the overall market for breast lesion localization methods has observed steady growth and this trend is expected to continue in the coming years as the market is witnessing a shift towards new advanced localization methods such as magnetic tracers and electromagnetic reflectors. This report categorizes the market in four distinct segments wire localization, radioisotope localization (radioactive seed localization, radio occult lesion localization), magnetic tracers, and others. Wire localization commands the major market share as it is an established technique. However, the magnetic tracers segment is expected to witness the highest growth in the coming years owing to advantages such as increased workflow, efficiency, cost-effectiveness; elimination of issues related to nonradioactive technology; and improved surgical planning.

Growing number of breast cancer surgeries and implementation of favorable reimbursement guidelines for localization devices are the key factors driving the growth of the breast lesion localization methods market. Technological advancement in breast lesion localization methods such as magnetic tracers and electromagnetic reflectors are expected to further drive the growth of this market. However, uncertainty in regulatory approval procedures due to the risks associated with breast lesion localization devices is expected to restrain market growth in the coming years.

Selection of the appropriate localization method for end users (healthcare providers) is a very crucial decision, and is dependent on a number of factors such as detection and success rate, re-excision rate, cost, mean localization time, effectiveness, safety, ease of use, and mean operating time, among other factors. The importance of these parameters differs according to the diagnostic requirements of various end users.

According to the replacement trends studied in all geographies, wire localization is an established technique for preoperative localization of breast lesions. Most respondent are using this technique and are willing to continue with it in the coming years. However, nearly 40% of healthcare providers are willing to shift towards technologically advanced options, such as RSL and magnetic tracers.

Target Audience

  • Localization Instrument Manufacturers
  • Hospitals
  • Outpatient Settings
  • Oncology Centers
  • Health Insurance Payers
  • Regulatory Authorities
  • Radiologists/Surgeons

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This report provides qualitative assessment of the breast lesion localization methods market in terms of replacement trends, competitor portfolio analysis, and selection criteria for adopting breast lesion localization methods from an end-user perspective. It also provides a detailed overview of the major drivers, restraints, opportunities, challenges, current market trends, and strategic consolidations impacting the market, along with estimates and forecasts of revenue.

Breast Lesion Localization Methods Market: Market Dynamics and Force Field Analysis

  • Driving Forces
  • Restraining Forces
  • Opportunities
  • Trends

Breast Lesion Localization Methods: Comparative Analysis

  • Wire Localization
  • Radioisotope Localization
    • Radioactive Seed Localization
    • Radio Occult Lesion Localization
    • Others
  • Magnetic Tracers
  • Other Localization Methods

Breast Lesion Localization Methods Market: Business Model

End-user Preference Survey

  • Selection Criteria Evaluation
    • Detection and Success Rate
    • Re-excision Rate
    • Cost
    • Mean Localization Time
    • Effectiveness
    • Safety
    • Ease of Use
    • Mean Operating Time
  • Qualitative Assessment of Replacement Trends

Competitive Product Portfolio and Strategic Consolidation

Table of Contents

1 Introduction
    1.1 Introduction
    1.2 Scope of the Study Segmentation

2 Research Methodology
    2.1 Methodology
    2.2 Primary Research: Sampling Frame

3 Executive Summary

4 Force Field Analysis
    4.1 Introduction
    4.2 Drivers
    4.3 Restraint: Reimbursement
    4.4 Opportunity
    4.5 Current Trend
    4.6 Force Field Analytical Assessment

5 Breast Lesion Localization Methods: Comparative Analysis
    5.1 Evolution in the Field of Breast Lesion Localization
    5.2 Market Segmentation
    5.3 Breast Lesion Localization Methods, By Type of Localization Devices
           5.3.1 Wire Localization
           5.3.2 Radioisotope Localization
                    5.3.2.1 Radioactive Seed Localization (RSL)
                    5.3.2.2 Radio Occult Lesion Localization (ROLL)
                    5.3.2.3 Others
           5.3.3 Magnetic Tracers
           5.3.4 Other Localization Methods
           5.3.5 Breast Lesion Localization Methods: Comparative Analysis

6 Breast Lesion Localization Methods Market: Business Model
    6.1 Technology Licensing
    6.2 Co-Distribution Through Partnerships/Agreements
    6.3 Independent Commercial Production
    6.4 Business Model: C. R. Bard

7 End User Preference Survey
    7.1 Selection Criteria Evaluation
    7.2 Qualitative Assessment of Replacement Trend

8 Competitive Product Portfolio and Strategic Consolidation


List of Tables (7 Tables)

Table 1 Primary Research (Interviews): Sampling Frame
Table 2 The Authorized Cpt Codes for Localization Devices Placement and Their Associated Average  Rates (2014-2015)
Table 3 Breast Lesion Localization Methods Market Size, By Type of Localization Devices, 20132020 By Volume (Million Procedures)
Table 4 Breast Lesion Localization Methods Market Size, By Product, By Value,  20132020 (USD Million)
Table 5 Radioisotope Localization Market Size, By Type, By Volume  20132020 (Million Procedures)
Table 6 Radioisotope Localization Market Size, By Type, By Value  20132020 (USD Million)
Table 7 Breast Lesion Localization Methiods: Comparative Analysis


List of Figures (20 Figures)

Figure 1 Scope of the Study
Figure 2 Market Size Estimation
Figure 3 Data Triangulation Methodology
Figure 4 Force Field Analysis
Figure 5 Increasing Number of Breast Cancer Cases and Surgeries 2013-2020
Figure 6 U.S. Reimbursement of Breast Localization Devices Placement Procedure 2014-2015
Figure 7 Force Field Analysis: Breast Lesion Localization Methods Market
Figure 8 Evolution in the Field of Brest Lesion Localization
Figure 9 Breast Lesion Localization Methods Market Segmentation
Figure 10 Magnetic Tracers Segment Expected to Grow at Highest CAGR During Forecast Period By Volume (Million Procedures)
Figure 11 Wire Localization Segment to Dominate Breast Lesion Localization Methods Market in 2015, By Value
Figure 12 Radioactive Seed Localization Segment Expected to Grow at Highest CAGR During Forecast Period
Figure 13 Radioguided Occult Lesion Localization Segment Expected to Account for Largest Share in 2015, By Value
Figure 14 Comparative Analysis: Detection Rate, Success Rate, Re-Excision Rate
Figure 15 Comparative Analysis: Mean Localization Time, Mean Operating Time
Figure 16 Cost Comparison of Wire Localization V/S RSL, ROLL, and Magnetic Tracers
Figure 17 Selection Criteria
Figure 18 Replacement Trend
Figure 19 Inorganic Growth Strategies
Figure 20 Organic Growth Strategies

The breast lesion localization market is projected to reach USD 877.9 Million by 2020 from USD 445.9 Million in 2015, at a CAGR of 14.5% from 2015 to 2020.

This report provides qualitative assessment of breast lesion localization methods in terms of replacement trends, competitor portfolio analysis, and selection criteria for adopting breast lesion localization methods from an end-user perspective.

The overall market is expected to witness rapid growth owing to the increasing number of breast cancer surgeries and implementation of favorable reimbursement guidelines for localization devices. However, uncertainty in regulatory approval procedures due to risks associated with breast lesion localization devices is expected to restrain the growth of this market.

This report categorizes the breast lesion localization methods market into four distinct segments wire localization, radioisotope localization (radioactive seed localization, radio occult lesion localization), magnetic tracers, and others. Wire localization commands the major market share as it is an established technique in the market. However, the magnetic tracers segment is expected to witness the highest growth in the coming years owing to various advantages of this technique, such as increased workflow, efficiency, and cost-effectiveness; elimination of issues related to nonradioactive technology; and improved surgical planning.

The study provides an analytical framework to understand various factors that influence the purchasing decision of breast lesion localization devices by end users. These factors include detection and success rate, re-excision rate, cost, mean localization time, effectiveness, safety, ease of use, and mean operating time, among other factors. The importance of these parameters differs according to the diagnostic requirements of various end users.

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