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Sentinel Node Biopsy Market is predicted to reach USD 1.012 Billion at a CAGR of 4.95% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Sentinel Node Biopsy Market”.


The Sentinel Node Biopsy Market is estimated to register a CAGR of 4.95% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Sentinel Node Biopsy market— BD (US), Stryker (US), Boston Scientific Corporation (US), Hologic, Inc (US), KUB Technologies (US), Care Wise (UK), SurgicEye GmbH (Germany), Intramedical Imaging, LLC (US), Navidea Biopharmaceuticals, Inc (US), Devicor Medical Products, Inc (US).


Sentinel Node Biopsy Market Highlights


The global sentinel node biopsy market is accounted for to register a CAGR of 4.95% during the forecast period and is estimated to reach USD 1.012 Billion by 2032.


The global sentinel node biopsy market is experiencing significant growth, with showcasing a surge in demand driven by technological advancements and an increasing focus on precision in cancer diagnosis. Key among these advancements is the integration of SPY fluorescence imaging technology, which is revolutionizing the accuracy of procedures by offering real-time visualization and improved lymph node identification. In North America, the market is witnessing robust adoption, particularly within the realm of comprehensive cancer care practices, with a specific emphasis on breast cancer diagnosis. Growing awareness and developing healthcare infrastructure in the Middle East and Africa, contributing to the rising prominence of sentinel node biopsy in cancer staging. This expansion is indicative of a global trend where healthcare institutions are recognizing the pivotal role of accurate staging in enabling effective personalized treatment strategies. The market's trajectory, as analyzed by experts, underscores a shared commitment to advancing diagnostic capabilities and improving patient outcomes on a global scale. As the adoption of sentinel node biopsy continues to grow, propelled by technological innovations and strategic healthcare initiatives, it positions itself as a cornerstone in the evolving landscape of cancer diagnostics, promising enhanced precision and effectiveness in the quest for improved patient care.


Segment Analysis


The global sentinel node biopsy market has been segmented based on product type, technology, Indication and end user.


On the basis of Product type, the market is segmented into Breast Localization Wire, Biopsy System, Tissue Marker, Gamma Probe, Drainage Catheters, Others. The Biopsy System segment is to hold the majority share in 2022 in the global sentinel node biopsy market revenue. This is because of advancements in biopsy systems and a surge in demand for accurate cancer diagnosis. Technological innovations, such as enhanced imaging resolution and the integration of multimodal approaches, are creating opportunities for more precise and reliable procedures. The rise of personalized medicine and targeted therapies further underscores the importance of sentinel node biopsy in guiding tailored treatment plans.


Further, we estimate that the market segment will continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new product therapy and services.


On the basis of technology, the market is segmented into SPECT Technology, SPY fluorescence imaging technology, Others. The SPY fluorescence imaging technology segment was attributed to holding the largest market share in 2022.


On the basis of Indication, the market is segmented into Breast Cancer, Melanoma, Colon Cancer, Esophageal Cancer, Others. The Breast Cancer segment was attributed to holding the largest market share in 2022.


On the basis of the end user, the market is segmented into Hospitals and Clinics, Diagnostic Center, Others. The Hospitals and Clinics segment is projected to have the largest market share during the forecast period.


Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Sentinel Node Biopsy Market Research Report


Regional Analysis


The global Sentinel Node Biopsy market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe Sentinel Node Biopsy market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Sentinel Node Biopsy market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world’s Sentinel Node Biopsy market comprises of Middle East, Africa, and Latin America.


The rising number of strategic collaborations between major players and the growing geriatric population in the North American region. The North American Sentinel Node Biopsy market accounted for the largest market share in 2022due to increasing awareness, technological advancements, and a proactive approach to cancer diagnosis. With a focus on improving patient outcomes, the region's healthcare institutions are embracing sentinel node biopsy procedures, particularly in the context of breast cancer diagnosis. Advanced biopsy systems and technologies like SPY fluorescence imaging are playing a crucial role in enhancing the accuracy and efficiency of these procedures. The rising incidence of cancer, coupled with the region's commitment to cutting-edge healthcare practices, positions North America at the forefront of the global sentinel node biopsy market, fostering innovation and comprehensive cancer care.


Moreover, the Europe market has been persistently growing owing to favorable health policies, and trend towards integrating health services in the European Sentinel Node Biopsy market.


Additionally, market factors, such as rising spending in healthcare, quickly evolving healthcare infrastructure, growing awareness regarding Sentinel Node Biopsy, and growing population in the Asia-Pacific region are driving the region’s growth.


Furthermore, the rest of the world's Sentinel Node Biopsy market is divided into the Middle East, Africa, and Latin America. The major factors driving the growth of the sentinel node biopsy market in the region has Increasing awareness and advancements in cancer diagnostic technologies. As healthcare infrastructures continue to develop in the region, there's a rising emphasis on precise cancer staging, positioning sentinel node biopsy as a crucial procedure.


Key Findings of the Study



  • The global healthcare counseling market is expected to reach USD 1.012 Billion by 2032, at a CAGR of 4.95% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, owing to the rising spending in healthcare, quickly evolving healthcare, and growing population in the Asia-Pacific region.

  • Based on indication, the breast cancer segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.

  • BD (US), Stryker (US), Boston Scientific Corporation (US), Hologic, Inc (US), KUB Technologies (US), Care Wise (UK), SurgicEye GmbH (Germany), Intramedical Imaging, LLC (US), Navidea Biopharmaceuticals, Inc (US), Devicor Medical Products, Inc (US) are the key market players.

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Companies Covered 15
Pages 128
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