Breast cancer is a condition characterized by an uncontrolled multiplication of breast cells that form a lump, which may be malignant or non-malignant in nature. Such cells usually form tumors that can often be observed on an x-ray or felt as a lump. Breast cancer occurs most commonly among women aged 40 years and above along with a small percentage of men affected by the same. A novel technique of radio occult lesion localization is currently used for detection of non-palpable suspicious breast lesion, which is one of the latest techniques that is expected to gain major traction and in turn fuel growth of the global breast lesion localization methods market over the forecast period (2016–2024). Breast screening programs are favoring early detection of breast cancer, which is further supporting their appropriate treatment with novel techniques. According to Department of Oncology, part of Oxford University, in 2007, around 25% of the cancers were non-palpable that needed specific treatment such as radio-guided occult lesion localization.
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Favorable reimbursement policies favoring growth of the breast lesion localization methods market in developed regions
Favorable reimbursement scenario in several developed countries, especially North America further favors growth in research related to finding novel technique to detect cancer. According to American Cancer Society, one time screening mammogram every 12 months is covered fully under Medicare for all women aged 40 and older. Also, it pays for clinical breast exam (CBE) in every 24 months once, for women with average risk of breast cancer. This in turn is expected to increase in rate of breast cancer screening with subsequent increase in growth for breast lesion localization methods market in the near future.
Rising prevalence and increasing awareness about breast cancer is expected to be one of the primary factor for the growth of breast lesion localization methods market over the period
According to W.H.O, in 2012, breast cancer was the second-most prevalent cancer in the world and most frequent cancer among women, with an estimated around 1.7 Mn new cancer cases diagnosed in 2012. It is the most common cancer in women both in developed and emerging regions. Incidence rates are differ according to region, for instance, the incidence rate in Middle Africa 27 per 100,000 and 92 in Northern America. Furthermore, according to W.H.O, in 2012, breast cancer was the fifth prominent cause for mortality from cancer worldwide. In emerging economies, it is the second highest cause of cancer deaths. In developed regions, it led to around 198,000 deaths in 2012, accounting for 15.4% of all deaths related to cancer. This inadvertently is expected to favor growth of the breast lesion localization methods market in the near future. Furthermore, there has been study that a man also has a risk of developing a breast cancer in their whole life time, although the chances of the situation is mere 1 in 1,000, whereas in female it is around one in every eight women is susceptible for the growth of any type lesion. According to Breastcancer.org, in 2017, in the U.S. around 250,000 cases of invasive breast cancer are expected to be diagnosed along with over 60,000 cases of non-invasive breast cancer. This in turn creates a highly conducive environment for global breast lesion localization methods market in the near future.
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Rapid strides made in technology and keen interest of healthcare providers to integrate cutting-edge solutions backed up by supportive government norms is fueling growth of this highly lucrative market, especially in developed regions. Furthermore, rise in prevalence of breast cancer globally, especially in Asia Pacific countries would inadvertently support market growth in the near future. In order to alleviate this spike in incidence rate of the malady, governments are focusing on strengthening the healthcare infrastructure through supportive regulatory norms and investments. Government and non-government organizations are actively focusing on developing awareness programs regarding breast cancer. Such initiatives are projected to bring about a rapid shift in market dynamics, with Asia Pacific taking on the mantle from North America to emerge as the largest market for breast lesion localization methods. According to The Economist Intelligence Unit Limited, in 2016, China had a comparatively low breast cancer burden by world standards, with 2012 age standardized ratio for incidence and mortality around 22.1 and 5.4 per 100,000 respectively. However, in India breast cancer incidence by global standards in 2012 age standardized ratio was around 25.8 per 100,000. Despite what the statistics tend to suggest, the extent of the disease has surged significantly unlike the steady rise as estimated earlier in 2009.
Key companies covered as a part of this study include Cook Medical Inc., Argon Medical Devices, Inc., C. R. Bard, Inc., SOMATEX Medical Technologies GmbH, Tsunami S.r.l, Sterylab Medical and Biopsybell Srl.
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