Product Code: CMI7574
The global sentinel node biopsy market is estimated to be valued at USD 752.1 Mn in 2024 and is expected to reach USD 1,209.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 752.1 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.00% |
2031 Value Projection: |
US$ 1,209.2 Mn |
Figure. Sentinel Node Biopsy Market Share (%), By Region 2024
Sentinel lymph node biopsy is an important procedure for staging of cancers like breast cancer and melanoma. It helps determine whether cancer has spread from the primary site to lymph nodes. This minimally invasive diagnostic technique provides critical information to guide treatment decisions for patients. During the procedure, a radioactive tracer or blue dye is injected near the cancer site which travels to the first draining lymph node, known as the sentinel lymph node. Surgeons then remove this lymph node to check for the presence of cancer cells. If sentinel lymph node is cancer-free, it is unlikely that the cancer has spread to other lymph nodes. This reduces unnecessary additional surgery for lymph node dissection.
Market Dynamics:
Market drivers such as rising cancer incidence globally and growing preference for minimally invasive techniques are fueling the demand for sentinel lymph node biopsy. Early and accurate staging of cancers is critical for determining personalized treatment options. Sentinel lymph node biopsy addresses this need in a less invasive manner compared to full lymph node dissection surgery. However, limitations of current radioactive tracers and short shelf life of kits pose a challenge. Also, availability of alternative techniques for lymph node assessment restrains market growth. Going forward, the development of nanoparticle tracers with better detection ability and tracers customized for specific cancer types will expand opportunities.
Key Features of the Study:
This report provides in-depth analysis of the global sentinel lymph node biopsy market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global sentinel lymph node biopsy market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Hologic, Inc., Stryker Corporation, Devicor Medical Products, Inc., Boston Scientific Corporation, KUBTEC Medical Imaging, LabLogic Systems Ltd., SurgicEye GmbH, CareWise Health, Navidea Biopharmaceuticals, Inc., Intramedical Imaging, LLC, GE Healthcare, Siemens Healthineers, Philips Healthcare, Medtronic, and C. R. Bard, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global sentinel lymph node biopsy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sentinel lymph node biopsy market
Market Segmentation
- Product Type Insights (Revenue, USD Mn, 2019 - 2031)
- Surgical Instruments
- Needles
- Probes
- Others
- Imaging Agents
- Radioactive Tracers
- Fluorescent Dyes
- Contrast Agents
- Diagnostic Kits
- Equipment
- Reagents
- Application Insights (Revenue, USD Mn, 2019 - 2031)
- Breast Cancer
- Melanoma
- Colon Cancer
- Other Cancers
- Procedure Type Insights (Revenue, USD Mn, 2019 - 2031)
- Open Surgery
- Minimally Invasive Surgery
- End User Insights (Revenue, USD Mn, 2019 - 2031)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Research Laboratories
- Others
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Key Players Insights
- Hologic, Inc.
- Stryker Corporation
- Devicor Medical Products, Inc.
- Boston Scientific Corporation
- KUBTEC Medical Imaging
- LabLogic Systems Ltd.
- SurgicEye GmbH
- CareWise Health
- Navidea Biopharmaceuticals, Inc.
- Intramedical Imaging, LLC
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
- Medtronic
- C.R. Bard, Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Sentinel Node Biopsy Market, By Product Type
- Global Sentinel Node Biopsy Market, By Application
- Global Sentinel Node Biopsy Market, By Procedure Type
- Global Sentinel Node Biopsy Market, By End User
- Global Sentinel Node Biopsy Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Sentinel Node Biopsy Market, By Product Type, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Surgical Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Needles
- Probes
- Others
- Imaging Agents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Radioactive Tracers
- Fluorescent Dyes
- Contrast Agents
- Diagnostic Kits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Equipment
- Reagents
5. Global Sentinel Node Biopsy Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Breast Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Melanoma
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Colon Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Other Cancers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Sentinel Node Biopsy Market, By Procedure Type, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Open Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Minimally Invasive Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Sentinel Node Biopsy Market, By End User, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Research Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Global Sentinel Node Biopsy Market, By Region, 2019 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Procedure Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Procedure Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Procedure Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Procedure Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Procedure Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Procedure Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Hologic, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Stryker Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Devicor Medical Products, Inc.
- Boston Scientific Corporation
- KUBTEC Medical Imaging
- LabLogic Systems Ltd.
- SurgicEye GmbH
- CareWise Health
- Navidea Biopharmaceuticals, Inc.
- Intramedical Imaging, LLC
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
- Medtronic
- C.R. Bard, Inc.
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us