Uploaded on Dec 6, 2022
The breast lesion localization market is expected to reach USD 305 million by 2026 from USD 244 million in 2021, will grow at a CAGR of 4.6% during the forecast period.
Breast Lesion Localization Market
Breast Lesion Localization Market
Global Forecast to 2026
Breast Lesion Localization
Market is expected to reach
$ 305 Million by 2026
Growing at a
CAGR of 4.6% (2021 – 2026)
The breast lesion localization market is expected to reach USD 305 million
by 2026 from USD 244 million in 2021, will grow at a CAGR of 4.6% during
the forecast period.
The growth of this market is mainly attributed to the growing incidence of
breast cancer, the increasing rate of the geriatric population (as age
contributes to the risk of breast cancer), the rising awareness on the early
detection of breast cancer in the coming years and improved reimbursement
scenario. However, several factors, such as errors in screening alongside
misdiagnosis and uncertainty in regulatory approval procedures are
expected to restrain the growth of the breast lesion localization market during
the forecast period.
Hologic is a leading player in the global breast lesion localization methods market. The
broad portfolio of breast lesion localization products is a major factor responsible for its
large share in this market. The company focuses on both organic and inorganic growth
strategies to enhance its footprint in the global market. Additionally, over the last few
years, Hologic has strengthened its customer base and expanded its product portfolio
through inorganic growth strategies, such as acquisitions and partnerships. With its
strong product portfolio and wide geographic presence, Hologic is expected to witness
significant growth in the breast lesion localization market during the forecast period.
Becton, Dickinson and Company (BD) is the second leading player in the breast lesion
localization market. Through its Medication Delivery Solutions segment, the company
offers wire and radio-guided localization devices in the breast surgery market. The
company has acquired a product line of localization wires and devices to enhance its
presence in this market. The company now focuses upon R&D to introduce newer and
technologically sound products in the breast lesion localization market. The company
marks footprints in various countries across the globe.
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