Latest News- Lumpectomy Market in US: Lumpectomy systems is expected to lead the Product segment during 2025-2029

The Lumpectomy Market in US is being driven by Growing incidence of new breast cancer cases

The Lumpectomy Market in US is expected to grow at a CAGR of 5.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1309.3 million. In the US market, a significant number of businesses are dedicated to innovating lumpectomy solutions. These companies, both large and small, are investing heavily in research and development, as well as clinical trials, to bring advanced technologies to market. For instance, Cairn Surgical, Inc., a leading US-based medical device company, secured USD4.5 million in Series A funding in January 2024. This investment, led by Morningside Ventures, was allocated towards the development and clinical validation of their Breast Cancer Locator (BCL) system. This groundbreaking technology, which utilizes patient-specific 3D-printed guides for tumor localization, aims to enhance the precision of lumpectomy procedures. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Lumpectomy systems
  • Lumpectomy surgical tools
  • Consumables
• End-user
  • ASCs
  • Hospitals
  • Research institutes and academic centers
• Type
  • DCIS
  • Breast cancer stage 1 and stage 2
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing incidence of new breast cancer cases
• Government initiatives to increase public awareness about breast cancer
• Strategy to raise public funding for breast cancer research

However, the market also witnesses some limitations, which are as follows:

• High cost of lumpectomy procedure
• Presence of alternative procedures
• Poor cosmetic appearance post lumpectomy

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Market Scope in Lumpectomy Market in US Research Report

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Research Analysis Overview

The Lumpectomy market in the US is witnessing significant growth due to advancements in surgical techniques, including minimally invasive surgery, robotic surgery, and image-guided surgery. Tissue preservation and cosmetic outcomes are key focuses, with scar minimization and breast asymmetry also important considerations. Post-operative complications such as skin necrosis are being addressed through physical therapy, lymphatic drainage massage, and early detection through breast cancer awareness and lifestyle modifications. Genetic counseling, breast cancer research, and new technologies like precision medicine, liquid biopsy, artificial intelligence, machine learning, healthcare informatics, and patient data management are also driving market expansion.

Market Research Overview

The Lumpectomy market in the US is a significant segment of the larger global healthcare supplies market, focusing on breast cancer treatments such as tumor removal through breast conservation techniques like partial mastectomy. This market encompasses manufacturers and researchers developing advanced technologies for these procedures, which often include subsequent treatments like radiation therapy, hormone therapy, and targeted therapy. The global healthcare supplies market's growth is driven by several factors, including the increasing aging population in the US and Europe, with nearly one-quarter of the US population and similar proportions in Europe projected to be over 60 years old by 2050 and 2030, respectively. This demographic shift increases the demand for medical supplies used in various treatments and diagnoses, including those related to breast cancer and lumpectomy procedures.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/