Gamma Probe Devices Market to Grow by 9.6% Amid Rising Prevalence of Breast Cancer | BioSpace

2022-04-25 09:37:13 By : Mr. Jianglong Han

Hand-Held Gamma Probe Devices to Remain Highly Sought-After Across Hospitals

Fact.MR’s report provides a detailed analysis of the global gamma probe devices market based on the competitive intensity. In addition, the report offers information across leading segments in terms of modality, application, end-user, and region. The study also presents in-depth data regarding opportunities, drivers, restraints, industry developments, and latest trends.

Fact.MR – A Market Research and Competitive Intelligence Provider: The global gamma probe devices market is projected to exhibit a CAGR of 10% during the forecast period between 2020 to 2030, predicts Fact.MR. Increasing usage of these devices for the diagnosis of thyroid disease and sentinel lymph node mapping is anticipated to drive the growth in this market.

Gamma probe devices are hand-held devices used to locate lymph nodes. These are also utilized for Radioactive Seed Localization (RSL) to detect non-palpable and small breast lesions. Radio-guided surgeries that use gamma probes help in lowering the invasiveness of various therapeutic and diagnostic procedures.

Further, increasing prevalence of breast cancer across the globe is likely to propel the market for gamma probe devices in the near future. According to the Centers for Disease Control and Prevention (CDC), breast cancer is considered to be the second-most common cancer among women in the U.S.

Hence, to curb the growing burden of breast cancer and educate the people regarding the benefits of early diagnosis, government in several countries are providing favorable medical policies. On the back of such initiatives, government and private healthcare organizations are increasing the adoption of gamma probe devices, especially across India, the U.S., and China.

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In terms of modality, handheld gamma probe devices are highly sought-after among healthcare professionals. These devices are cost-effective and can be easily operated. Many companies worldwide are also investing in this domain to launch state-of-the-art handheld devices for the healthcare sector.

“Surging popularity of gamma probe devices among surgeons for making small incisions to locate the infected tissue is propelling the sales. To capitalize on this trend, manufacturers are incorporating advanced technologies such as artificial intelligence to increase their revenues,” says a Fact.MR analyst.

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The gamma probe devices market is moderately consolidated, opines Fact.Mr. Key companies are focusing on innovative business strategies, such as partnerships, mergers & acquisitions, new product launches, and joint ventures. They are also investing in research & development activities to introduce technologically advanced devices.

Key Players in the Gamma Probe Devices Market Include:

More Valuable Insights on Gamma Probe Devices Market

Fact.MR provides an unbiased analysis of the gamma probe devices market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the global gamma probe devices market with a detailed segmentation on the basis of:

Key Questions Covered in Gamma Probe Devices Market Report

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