Europe Breast Lesion Localization Methods Market Size, Share & Trends Analysis Report By Type (Wire localization, Radioisotope localization, Magnetic Localization, Others), By Usage (Tumor Identification, Sentinel Lymph Node Identification) and By Country(U.K., Germany, France, Italy, Russia, Nordic, Benelux, Rest of Europe) Forecasts, 2024-2032

Market Overview

The Europe breast lesion localization methods market size has witnessed significant growth in the past and is expected to grow at a CAGR of 14.4% during the forecast period (2022–2031). The acceptance and utilization of breast lesion localization methods such as MRI, ultrasound, and mammography depend on the healthcare infrastructure of the respective systems.

Europe is the dominant market for breast lesion localization methods, with many breast cancer diagnoses in the region. Breast cancer is a widespread disease and a leading cause of death among women. Developed European countries, including Finland, Spain, Germany, the U.K., France, and others, possess well-established healthcare infrastructure. These countries are also covered by the National Health Service (NHS), providing healthcare coverage to their citizens. Consequently, the region benefits from advanced medical facilities that facilitate early-stage cancer diagnosis.

Market Dynamics

Europe breast lesion localization methods market drivers

Rising incidence of breast cancer

Changing market dynamics and the growing influence of IT companies have resulted in a decline in individuals prioritizing their physical health. This is reinforced by a sedentary lifestyle, particularly among women who have entered the workforce and reduced their time spent on cooking, leading to a preference for calorie-dense packaged and fast foods. These dietary shifts have contributed to the escalating rates of obesity, a major contributing factor to the rising occurrence of breast cancer. Moreover, increased alcohol consumption is further compounding the prevalence of breast cancer.

Growing adoption of health insurance

The high cost of cancer treatment poses a considerable obstacle to expanding the market. Nonetheless, there has been a surge in the adoption of healthcare insurance plans among individuals. These countries provide some of the most cost-effective healthcare insurance options available globally. This has facilitated increased accessibility to health insurance coverage, reducing apprehensions regarding the financial implications of cancer treatment. Consequently, more individuals are inclined to consult oncologists, assured that the financial burden will be partially mitigated.

Europe breast lesion localization methods market restraint

Insufficient number of qualified oncologists

Ensuring adequate numbers of oncologists is essential for effectively diagnosing, treating, and caring for cancer patients. However, there is a notable scarcity of skilled oncologists who can provide comprehensive and superior care. Additionally, access to advanced localization technology is predominantly restricted to developed nations due to insufficient healthcare infrastructure in other areas. Furthermore, numerous hospitals with oncology departments are ill-equipped, lacking the necessary machinery and technologies for the accurate diagnosis and treatment of breast cancer.

Europe breast lesion localization methods market opportunities

Lucrative growth prospects in emerging economies

The rapid urbanization in these nations has spurred an influx of people into cities, compelling governmental and private entities to expand their healthcare infrastructure. Our research reveals that government hospitals in these regions lack sufficient technology, prompting private hospitals to invest substantially in acquiring new equipment to attract more patients and take advantage of the gap in public healthcare. Additionally, these governments are incentivizing the establishment of new hospitals by providing affordable or free land, per-patient treatment incentives, subsidies for treatment costs, and accessible loan facilities for procuring necessary machinery. As a result, numerous private players are constructing hospitals and expanding their networks to establish their brands and strengthen their presence in the market.

Regional Analysis

The breast lesion localization methods market is segmented by country: Germany, France, the UK, Italy, Spain, and the Rest of Europe. The rest of Europe dominated the market with a CAGR of 15.7% during the forecast period.

The Europe breast lesion localization methods market is thriving, with over 576,000 breast cancer cases diagnosed in 2020, of which more than 355,000 were reported in EU-27 countries. Breast cancer prevalence in Europe is relatively lower than in the United States, and early diagnosis is facilitated by well-established healthcare infrastructure and comprehensive coverage under the NHS system in countries like Finland, Spain, Germany, the UK, and France, among others.

More than 35% of breast malignancies are diagnosed in women younger than 50, and 1 in 11 women will develop cancer by age 74, according to our findings. The most prevalent and primary cause of death among women is breast cancer. It kills more than 16 percent of women diagnosed with malignancy each year.

The high prevalence is primarily attributable to changes in lifestyle, lack of physical activity, alcohol consumption, weight gain, obesity, breast cancer in the family, and sociological changes such as having children at an older age (over 30), among others.

Most developed countries in Europe, including Finland, Spain, Germany, the United Kingdom, and France, have well-established healthcare infrastructures, and these countries are also covered by the National Health Service (NHS), which provides healthcare coverage to all NHS system citizens. Therefore, the region has abundant cutting-edge facilities that aid in the early detection of malignancy.

The United Kingdom spends approximately USD 10,000 per case on cancer treatment annually, totaling more than USD 323 million annually.

Segmental Analysis

The Europe breast lesion localization methods market is segmented into type and usage.

By type, it is further segmented into wire localization, radioisotope localization, magnetic localization, and others.

Wire localization dominated the market and is expected to register a CAGR of 14.7% over the forecast period. Wire localization is used to designate the precise location of the lesion, which assists the surgeon in detecting and removing breast lesions if an X-ray reveals multiple lesions. The technique is favored for removing lesions or tumors that are difficult to locate and cannot be felt. In addition, it can be used to remove the smallest possible area, which would be difficult for a surgeon to do without causing obvious harm to the surrounding tissue. The procedure is painless, but some women may experience pressure or vertigo.

It is further segmented based on usage into tumor identification and sentinel lymph node identification.

Tumor identification dominated the market and is expected to register a CAGR of 14.0% over the forecast period. A physical examination, or breast imaging, which primarily consists of mammography and a biopsy, is performed to identify tumors. It is commonly performed on women with breast cancer. Mammography utilizes X-rays to image the breast region containing a tumor. In addition, various imaging technologies, such as MRI and ultrasound, are also utilized. Ultrasound is primarily recommended for women under the age of 30.

Recent Developments

• January 2021: Hologic, Inc., an innovative medical technology company focused on improving women’s health, announced and completed the acquisition of SOMATEX Medical Technologies GmbH, a leader in biopsy site markers and localization technologies, for approximately USD 64 million. The company was previously owned by E-Med Solutions GmbH, Berlin, a group of investors led by German private equity company Westlake Partners.