Sentinel Node Biopsy Market Summary
As per Market Research Future Analysis, the Global Sentinel Node Biopsy Market was valued at USD 0.683 Billion in 2023 and is projected to reach USD 1.012 Billion by 2032, growing at a CAGR of 4.41% from 2024 to 2032. The market growth is driven by increasing cancer incidences, innovative product launches, and a growing aging population. The Biopsy System segment is expected to hold the majority market share, while SPY Fluorescence Imaging Technology is projected to be the fastest-growing segment. North America leads the market due to advanced healthcare practices and rising cancer cases.
Key Market Trends & Highlights
Key trends driving the Sentinel Node Biopsy Market include rising cancer incidences and technological advancements.
- Approximately 2.3 million cases of breast cancer are diagnosed annually, significantly boosting SNB demand.
- SPY Fluorescence Imaging Technology is projected to be the fastest-growing segment during 2023-2032.
- The hospitals and clinics segment dominated the market in 2022, with homecare expected to grow fastest from 2023-2032.
- North America accounted for the largest market share in 2022, driven by technological advancements and proactive cancer diagnosis.
Market Size & Forecast
2023 Market Size | USD 0.683 Billion |
2032 Market Size | USD 1.012 Billion |
CAGR | 4.41% |
Major Players
Key players include BD (US), Stryker (US), Boston Scientific Corporation (US), Hologic, Inc (US), and KUB Technologies (US).