LONDON--(BUSINESS WIRE)--Technavio analysts forecast the lumpectomy market in Europe to grow to USD 7.65 billion by 2021, at a CAGR of more than 6% over the forecast period, according to their latest report.
The research study by Technavio on the lumpectomy market in Europe for 2017-2021 provides detailed industry analysis based on product (systems and surgical tools), end-user (hospitals and ambulatory surgical centers), and geography (France, Germany, Italy, Spain, and the UK).
The total number of lumpectomy cases include the number of single excision cases and re-excision cases. The lumpectomy market in Europe is derived by considering the factors associated with the cost of lumpectomy procedure and the total number of lumpectomy cases.
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Technavio analysts highlight the following three factors that are contributing to the growth of the lumpectomy market in Europe:
- Government initiatives to increase public awareness of breast cancer
- Increasing adoption of mammography for early breast cancer detection
- Increasing number of hospital beds to facilitate cancer diagnosis and treatment
Government initiatives to increase public awareness of breast cancer
“Breast cancer awareness programs by both the European Union and individual governments in EMEA are raising the number of individuals getting screened for the disease. European parliaments have released a written declaration detailing the necessity of such measures,” says Srinivas Sashidhar, a lead analyst at Technavio for orthopedics and medical devices research.
Countries such as Austria, Denmark, and Finland are proactively joining the fight against breast cancer and introducing various programs to ensure the same. The Austrian government has launched Breast Cancer Early Detection Program to ensure women are screened for breast cancer at least once every two years.
Increasing adoption of mammography for early breast cancer detection
Screening periodically greatly increases the survival rate of cancer patients. Owing to increasing awareness about breast cancer, a rising number of individuals are opting for the mammography screening procedure. The procedure identifies the formation of tumor cells and tissues in the breast and helps the physician to determine whether a lumpectomy or mastectomy is required for the removal of the cancerous tissue. The rise in the survival rate of women with breast cancer who opted for these procedures is driving the growth of the lumpectomy market in the region.
Increasing number of hospital beds to facilitate cancer diagnosis and treatment
“Hospitals are increasing the number of beds dedicated to providing immediate patient care, improve their health, and increase the number of hospital discharges. This simple move has greatly helped cancer patients in obtaining the timely medical aid that they require,” says Srinivas.
The increase i the number of hospital beds has resulted in a rise in the number of individuals receiving chemotherapy and radiotherapy, surgery (lumpectomy and mastectomy), and pain management services.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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