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    Sentinel Node Biopsy Market

    ID: MRFR/MED/4133-CR
    128 Pages
    Rahul Gotadki
    January 2024

    Sentinel Node Biopsy Market Research Report Information by Product Type (Breast Localization Wire, Biopsy System, Tissue Marker, Gamma Probe, Drainage Catheters, Others), By Technology (SPECT Technology, SPY Fluorescence Imaging Technology, Others), By Indication (Breast Cancer, Breast Cancer, Colon Cancer, Esophageal Cancer, Others)By End-User (Hospitals and Clinics, Diagnostic Center, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2032

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    Sentinel Node Biopsy Market Research Report — Global Forecast till 2032 Infographic
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    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).

    Sentinel Node Biopsy Market Trends

    Increasing incidences of cancer globally to boost the market growth

    The Sentinel Node Biopsy (SNB) has been utilized frequently in several cancers, namely breast, melanoma, and the oral cavity among others. The SNB assists the physician in determining if breast cancer or melanoma has spread beyond the original tumor. Sentinel node biopsy is a minimally invasive procedure that helps determine whether cancer has spread to the lymph nodes, providing crucial information for treatment planning. With more cancer cases being diagnosed, the demand for sentinel node biopsy as a reliable staging tool is expected to increase. The increasing prevalence of breast cancer is fueling the demand for sentinel node biopsies.

    In February 2023, the World Health Organization reported that approximately 2.3 million cases of breast cancer occur each year, mostly among adults. Furthermore, breast cancer is the first or second leading cause of death in approximately 95% of countries worldwide. Moreover, as per the International Agency for Research on Cancer, there were 325, 000 new diagnosed cases of melanoma globally in 2020. Also, the highest rate has been found in Australia and New Zealand, followed by Western Europe, Northern America, and Northern Europe.

    Additionally, there were 377,713 new cases diagnosed with oral cancer worldwide in 2020, and physicians are majorly using SNB for oral cancer for the detection of lymph nodes.

    Therefore, increasing incidences of above-mentioned cancer and high demand for SNB for the same are propelling the sentinel node biopsy market's growth.

    The Global Sentinel Node Biopsy Market is poised for growth as advancements in surgical techniques and increasing awareness of early cancer detection drive demand for minimally invasive procedures.

    U.S. National Institutes of Health

    Sentinel Node Biopsy Market Drivers

    Market Growth Projections

    The Global Sentinel Node Biopsy Market Industry is poised for substantial growth, with projections indicating a market size of 0.72 USD Billion in 2024 and an anticipated increase to 1.15 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 4.4% from 2025 to 2035, reflecting the increasing adoption of sentinel node biopsy in clinical practice. Factors such as technological advancements, rising cancer incidence, and growing awareness among healthcare professionals and patients are likely to contribute to this upward trend. The market's expansion is indicative of the evolving landscape of cancer treatment and the critical role that sentinel node biopsy plays in improving patient outcomes.

    Increasing Incidence of Cancer

    The rising incidence of cancer globally is a primary driver for the Global Sentinel Node Biopsy Market Industry. As cancer cases continue to escalate, the demand for effective diagnostic and staging techniques, such as sentinel node biopsy, is likely to increase. For instance, the American Cancer Society reports that in 2024, there will be an estimated 1.9 million new cancer cases diagnosed in the United States alone. This trend is mirrored in various countries, indicating a growing need for innovative surgical techniques that can improve patient outcomes and reduce morbidity. Consequently, the Global Sentinel Node Biopsy Market is projected to reach 0.72 USD Billion in 2024, reflecting the increasing reliance on this procedure in oncological practices.

    Growing Awareness and Education

    Growing awareness and education regarding the benefits of sentinel node biopsy are pivotal in driving the Global Sentinel Node Biopsy Market Industry. Healthcare professionals and patients are increasingly informed about the advantages of this procedure in accurately staging cancer and guiding treatment decisions. Educational initiatives by medical associations and institutions have played a crucial role in disseminating knowledge about the procedure's efficacy and safety. This heightened awareness is likely to lead to an increase in the number of procedures performed, thereby contributing to market growth. As a result, the market is projected to experience a compound annual growth rate of 4.4% from 2025 to 2035, reflecting the positive impact of education on patient choices.

    Regulatory Support and Guidelines

    Regulatory support and guidelines from health authorities bolster the Global Sentinel Node Biopsy Market Industry. Organizations such as the National Comprehensive Cancer Network provide clear recommendations for the use of sentinel node biopsy in various cancer types, promoting its adoption in clinical practice. These guidelines not only enhance the credibility of the procedure but also encourage healthcare providers to incorporate it into their treatment protocols. As regulatory bodies continue to endorse sentinel node biopsy, the market is likely to benefit from increased utilization rates, further driving growth in the coming years.

    Rising Demand for Minimally Invasive Procedures

    The rising demand for minimally invasive procedures is a significant driver of the Global Sentinel Node Biopsy Market Industry. Patients increasingly prefer surgical options that reduce recovery time and minimize complications. Sentinel node biopsy, being less invasive than traditional lymph node dissection, aligns with this trend, offering patients a safer alternative with comparable diagnostic accuracy. This shift in patient preference is evident in various healthcare settings, where surgeons are adopting less invasive techniques to enhance patient satisfaction and outcomes. As the demand for such procedures continues to grow, the market is expected to expand, with an anticipated increase in procedure volumes contributing to overall market growth.

    Technological Advancements in Surgical Techniques

    Technological advancements in surgical techniques significantly contribute to the growth of the Global Sentinel Node Biopsy Market Industry. Innovations such as fluorescence imaging and robotic-assisted surgeries enhance the precision and effectiveness of sentinel node biopsies. These technologies not only improve the accuracy of cancer staging but also minimize patient recovery time. For example, the integration of near-infrared fluorescence imaging has shown promising results in identifying sentinel lymph nodes more effectively. As these technologies become more widely adopted, the market is expected to expand, with projections indicating a growth to 1.15 USD Billion by 2035, driven by the increasing adoption of advanced surgical methodologies.

    Market Segment Insights

    Sentinel Node Biopsy Type Insights

    The Sentinel Node Biopsy Market segmentation, based on Product Type, includes 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 Sentinel Node Biopsy Market revenue. This is because 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.

    Sentinel Node Biopsy Technology Insights

    The Sentinel Node Biopsy Market segmentation is based on a Technology, that includes SPECT Technology, SPY Fluorescence Imaging Technology, Others. The SPY Fluorescence Imaging Technology segment has dominated the market in 2022 and is projected to be the fastest-growing segment during the forecast period, 2023-2032. This is due to an innovative approach that enhances the precision of sentinel node biopsy procedures, providing real-time visualization and improved accuracy in identifying lymph nodes. SPY fluorescence imaging contributes to the expansion of the biopsy system landscape, offering enhanced sensitivity and specificity.

    Sentinel Node Biopsy Indication Insights

    The Sentinel Node Biopsy Market segmentation is based on an Indication, that includes Breast Cancer, Melanoma, Colon Cancer, Esophageal Cancer, Others. The Breast Cancer indication segment has dominated the market in 2022 and is projected to be the fastest-growing segment during the forecast period, 2023-2032. This is due to breast cancer remaining a prevalent global health concern, sentinel node biopsy plays a crucial role in providing accurate staging information. The integration of cutting-edge technologies, including SPY fluorescence imaging, enhances the precision of these procedures, contributing to improved patient outcomes.

    The increasing incidence of breast cancer worldwide underscores the importance of early detection, and sentinel node biopsy, with its evolving techniques and technologies, stands at the forefront of ensuring effective diagnosis and personalized treatment strategies, thereby driving the growth of the global market.

    Figure 2: SENTINEL NODE BIOPSY MARKET, BY INDICATION, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Sentinel Node Biopsy End User Insights

    The Sentinel Node Biopsy Market segmentation is based on end-user that Hospitals and Clinics, Diagnostic Center, Others. The hospitals and clinics segment has dominated the market in 2022 and homecare is projected to be the fastest-growing segment during the forecast period, 2023-2032. This is due to growing emphasis on comprehensive cancer care, which is driving the demand for sentinel node biopsy, ensuring timely and precise diagnoses. This trend reflects a broader commitment to enhancing patient outcomes and aligns with the evolving landscape of global healthcare practices.

    Get more detailed insights about Sentinel Node Biopsy Market Research Report — Global Forecast till 2032

    Regional Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. 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 Sentinel Node Biopsy Market, fostering innovation and comprehensive cancer care.

    Further, the major countries studied are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: SENTINEL NODE BIOPSY MARKET BY REGION 2022 & 2032

    SENTINEL NODE BIOPSY MARKET BY REGION 2022 & 2032

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Europe Sentinel Node Biopsy market is expected to account for the second-largest market share due to the favorable health policies and trend towards integrating health services, including counseling. Further, the German Sentinel Node Biopsy market was attributed to holding the largest market share, and France Sentinel Node Biopsy market is expected to fastest-growing market in the European region.

    The Asia-Pacific healthcare counseling market is expected to grow at the fastest rate from 2024 to 2032. This is due to the rising spending in healthcare, quickly evolving healthcare infrastructure, growing awareness regarding Sentinel Node Biopsy, and growing population in the region. Moreover, China’s Sentinel Node Biopsy market is expected to hold the largest market share, and India Sentinel Node Biopsy market is expected fastest-growing market in the Asia-Pacific region.

    The Rest of the World includes the Middle East, Africa, and Latin America. The main factors influencing the growth of Sentinel Node Biopsy in the Middle East and Africa. 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 Players and Competitive Insights

    The Sentinel Node Biopsy Market is characterized by the presence of many global, regional, players. The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the globe with diverse Type portfolios. Companies such as BD (US), Stryker (US), Boston Scientific Corporation (US), Hologic, Inc (US), KUB Technologies (US) are dominate the Sentinel Node Biopsy Market due to Type differentiation, financial stability, strategic services, and diversified regional presence. The players are focused on investing in extensive research and development as well.

    Furthermore, they adopt strategic growth initiatives, such as expansion, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.

    One of the primary business strategies adopted by manufacturers in the global Sentinel Node Biopsy industry to benefit clients and expand the healthcare counseling market sector is to manufacture locally to reduce operating costs.

    Key Companies in the Sentinel Node Biopsy Market market include

    Industry Developments

    In April 2022, KUBTEC® Medical Imaging (US) unveiled the market's most advanced wireless sentinel lymph node localization technology. The new KUBTEC gamma detection system redefines gamma probe performance with its modern design, high sensitivity, dependable Bluetooth, and sterilization capabilities.

    In January 2020, BD (US) acquired Straub Medical AG, a Swiss company that develops and manufactures biopsy systems. This acquisition expands BD's portfolio of breast biopsy products and strengthens its position in the market.

    Future Outlook

    Sentinel Node Biopsy Market Future Outlook

    The Global Sentinel Node Biopsy Market is projected to grow at 4.4% CAGR from 2024 to 2035, driven by technological advancements and increasing cancer prevalence.

    New opportunities lie in:

    • Develop innovative imaging technologies to enhance biopsy accuracy and patient outcomes.
    • Expand training programs for healthcare professionals to improve procedural proficiency.
    • Invest in partnerships with oncology centers to increase market penetration and service offerings.

    By 2035, the market is expected to exhibit robust growth, reflecting advancements and increased adoption in clinical settings.

    Market Segmentation

    Sentinel Node Biopsy End User Outlook

    • Hospitals and Clinics
    • Diagnostic Center
    • Others

    Sentinel Node Biopsy Regional Outlook

    North America
    • US
    • Canada

    Sentinel Node Biopsy Indication Outlook

    • Breast Cancer
    • Melanoma
    • Colon Cancer
    • Esophageal Cancer
    • Others

    Sentinel Node Biopsy Technology Outlook

    • SPECT Technology
    • SPY Fluorescence Imaging Technology
    • Others

    Sentinel Node Biopsy Product Type Outlook

    • Breast Localization Wire
    • Biopsy System
    • Tissue Marker
    • Gamma Probe
    • Drainage Catheters
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 0.683 Billion
    Market Size 2024 USD 0.717 Billion
    Market Size 2032 USD 1.012 Billion
    Compound Annual Growth Rate (CAGR) 4.41% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2019 to 2022
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Procedure Type, Technology, Indication, End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled 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)
    Key Market Opportunities ·       Rising Healthcare Investments·       Collaborations and Partnerships
    Key Market Dynamics ·       Increasing incidences of cancer globally·       Launch & approval of innovative products.·       Increasing global aging population

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    How much is the Sentinel Node Biopsy market?

    The Sentinel Node Biopsy Market is anticipated to reach 1.012 billion at a CAGR of 4.41% during the forecast period of 2024-2032.

    How big is the US Sentinel Node Biopsy market?

    The US is expected to hold a 70-80% share of the North American market for the Sentinel Node Biopsy market during the forecast period of 2024-2032.

    What is the growth rate of the Sentinel Node Biopsy market?

    The Sentinel Node Biopsy market is expected to grow at a 4.41% CAGR during the forecast period from 2024 to 2030.

    Which region held the largest market share in the Sentinel Node Biopsy market?

    The North American region market held the largest market share in the Sentinel Node Biopsy market.

    Who are the key players in the Sentinel Node Biopsy market?

    The key players include 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).

    Which type of Indication led the Sentinel Node Biopsy market?

    The Breast Cancer segment was estimated to lead the Sentinel Node Biopsy market.

    Which end user had the largest market share in the Sentinel Node Biopsy market?

    The Hospitals and clinics segment is attributed to having the largest market share based on end user.

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