Lumpectomy Market By Product (Surgical Tools, Lumpectomy Systems) , By End User (Hospitals, Clinics, Ambulatory Surgical Centers) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Lumpectomy Market Expected to Garner $3.2 Billion by 2033, Growing at a CAGR of 6.9%
The global lumpectomy market is expected to grow primarily due to the rising prevalence of breast cancer along with the growing preference for breast-conserving surgeries worldwide. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global lumpectomy market was valued at $1.7 billion in 2023 and is expected to register a revenue of $3.2 billion by 2033 at a CAGR of 6.9% during the forecast period 2024-2033.
Dynamics of the MarketThe increasing prevalence of breast cancer worldwide along with the rising preference for breast-conserving surgeries, and the growing demand for comprehensive post-surgery care like radiation therapy are expected to make the lumpectomy market a highly profitable one in the forecast period. Besides, the growing focus on personalized medicine is another factor predicted to drive the market growth in the coming future.
However, according to market analysts, the lack of awareness among both patients & healthcare professionals and high costs associated with lumpectomy procedures might restrain the growth of the market.
Advancements in surgical techniques and technologies is predicted to offer numerous growth opportunities for the lumpectomy market in the forecast period. Moreover, with increasing awareness campaigns and screening programs detecting more breast cancer cases, there exists a significant opportunity for companies to develop and market cutting-edge technologies in the lumpectomy field to meet evolving medical community needs.
Key Players of the MarketThe major players of the lumpectomy market include Vector Surgical, ClearCut Medical, Novian Health, Inc., Dune Medical Devices, iCAD, Sanarus, Hologic, Inc., Hologic, Medtronic PLC, and ZEISS.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy ProductSurgical Tools
Lumpectomy Systems
By End UserHospitals
Clinics
Ambulatory Surgical Centers
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market Playersvector surgical
Novian Health, Inc
ClearCut Medical
Dune Medical Devices
Sanarus
iCAD
Hologic, Inc.
Medtronic PLC
Hologic
Zeiss