The global gamma probe devices market is on a trajectory of significant expansion, according to a new study by Future Market Insights (FMI). The market is anticipated to reach a valuation of USD 86.9 million by the end of 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.8%, reaching an impressive USD 244.3 million by 2033.
The study reveals a notable preference for trolley-mounted gamma probe devices, which are expected to capture a substantial market share of 38.7% in 2023. This trend underscores the versatility and efficiency of these devices, making them suitable for a wide array of applications across various medical sectors.
“We’re witnessing a dynamic shift towards trolley-mounted devices, driven by their growing demand,” says a gamma probe devices market analyst at Future Market Insights. “These devices offer unmatched versatility and efficiency, making them the preferred choice for various surgical procedures.”
One of the significant applications fueling this growth is sentinel lymph node biopsies, a routine procedure for staging melanoma and breast cancer. As the use of gamma probe devices in these procedures continues to rise, their adoption is expected to extend across other cancer types. Furthermore, the International Atomic Energy Agency (IAEA) reports a notable increase in parathyroid detection using intraoperative gamma probes, enhancing the devices’ relevance in surgical settings.
The World Cancer Research Fund International indicates that breast cancer remains the most prevalent cancer among women globally, with over 2 million new cases diagnosed each year. This alarming statistic is set to propel the growth of the gamma probe devices market in the years to come.
Innovations in the sector, such as the introduction of click-on gamma probes, represent significant advancements towards complete radio guidance integration during surgical procedures. Additionally, the DROP-IN (tethered) gamma probe concept facilitates seamless integration with robotic instruments, allowing surgeons greater autonomy and control during operations.
Despite these promising projections, the market does face potential challenges, particularly concerning the higher installation and maintenance costs associated with gamma probe devices. Nevertheless, continuous technological advancements and the development of cost-effective solutions are expected to mitigate these challenges.
FMI’s comprehensive market study, titled “Gamma Probe Devices Market,” provides valuable insights and future perspectives derived from a thorough analysis of both macro and microeconomic factors influencing market dynamics.
Key Takeaways from Gamma Probe Devices Market:
- North America holds a significant market share with the US being subject to concentration on improvising on flexibility, throughput, and productivity. Nuclear therapies’ frequency is increasing due to remarkable investments in research on this count.
- Europe stands second with Germany leading from the front. This could be credited to well-established players being present over here along with rising spending on healthcare.
- The Asia-Pacific is expected to grow at a rapid pace in the gamma probe devices market in the forecast period with China dominating the scene. This could be reasoned with growing frequency of chronic ailments.
Increased Market Demand: Get In-Depth Analysis and Insights with Our Complete Report!
Competitive Devices:
- Southern Scientific, in October 2021, entered into collaboration with Helgeson. The latter comes across as a producer of various detectors, equipment, and area monitors with more than 3 decades of experience in nuclear therapy.
- KUBTEC, in May 2022, did acquire Wprobe Technology from ‘Oncovision’s firm’. The technology is looked upon as a gold standard in the radio-guided surgery and does involve a spectrum of wireless gamma probes to identify sentinel lymph node.
- Lightpoint Medical, in February 2022, did report that Dr. Doug Adams (one of the specialists in robotic thoracic surgery at Bethesda North Hospital (part of TriHealth, Ohio)) performed the first of its kind lung procedure with SENSEI (new miniature robotic gamma probe).
What does the Report probe?
- The research study is based on modality (handheld device, benchtop device, and trolley mounted device), by application (thyroid uptake and sentinel lymph node uptake (breast cancer, melanoma, colon cancer, NSCLC, renal cancer, and others), and by end-user (hospitals, ASCs (Ambulatory Surgical Centers), and specialty centers and clinics).
- With growing awareness regarding advantages of gamma radiation over traditional detection methods such as X-Rays, the global gamma probe devices market is expected to stand in a good stead in the near future.
Key Companies Covered:
- Biodex Medical Systems, Inc.
- CAPINTEC, INC.
- Crystal Photonics GmBH
- Devicor Medical Products, Inc (Mammotome)
- Dilon Technologies, Inc
- Gamma Medical Technology
- Intramedical Imaging
- Intramedical Imaging
- KUB Technologies
- L’ACN – l’Accessorio Nucleare
- Mammotome
- NUCLEAR MEDSYSTEMS
- Oncovision
- Southern Scientific Ltd.
Key Market Segments Covered in Gamma Probe Devices Industry Research:
Modality:
- Hand Held Device
- Benchtop Device
- Trolley Mounted Device
Application:
- Thyroid Uptake
- Sentinel Lymph Node Uptake
- Breast Cancer
- Melanoma
- Colon Cancer
- NSCLC
- Renal Cancer
- Others
End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Centers and Clinics
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube