Gamma Probe Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Gamma Probe Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Gamma Probe Device Market: Overview

Consequent upon tremendous expansion of gamma detection probe technology for the surgical management of numerous malignancies, the use of gamma probe device continues to rise. First developed some 60 years ago, radioguided surgery has particularly served to make an impact on the surgical management of cancer patients. Specifically, radioguided surgery provides real-time information to the surgeon regarding the location and extent of the disease.

Besides this, radioguided surgery involving a gamma detection probe helps to minimize invasiveness of several diagnostic and therapeutic procedures, while at the same time providing maximum benefit to cancer patients. This involves critical use of gamma probe device for therapeutics.

Clinically, radioguided surgery, including the one with gamma probe involves use of radiation detection probe system for intraoperative detection of radionuclides.

An upcoming research report on the gamma probe device market delves into demand dynamics and growth opportunities to provide valuable insights of the said market for the forecast period between 2018 and 2028. Analysis of the gamma probe device market thus provided here is a valuable guide for market stakeholders to make informed business decisions.

Gamma Probe Device Market: Competitive Landscape

The gamma probe device market finds presence of some top-notch medical device companies, depicting a fairly consolidated vendor landscape. Dilon Technologies Inc., Wake Medical Ltd., Intramedical Imaging LLC, Lake Shore Cryotronics Inc., and Berkeley Nucleonics Corporation are companies that hold sway in this market.

Product launch is another key growth strategy observed in the gamma probe device market. For example, in July 2016, Dilon Technologies introduced the latest generation of Navigator system for sentinel lymph node biopsy. The newest generation of Navigator system is completely wireless, reliable for long use, simple to operate, and probes can be sterilized with major sterilization methods.

Besides this, Dilon Technologies committed to provide full service support to existing Navigator GPS in the area. This indicates key players are involved in adopting inorganic growth routes too.

Earlier, Dilon Technologies Inc. acquired Navigator gamma probe business segment of RMD Instruments Corp. – an auxiliary of Dynasil Corporation of America, which indicates practices of mergers and acquisitions in the market.

Following the acquisition, Dilon’s moves ahead for its objectives to expand product offerings for both diagnostic and surgical segments of breast imaging.

Gamma Probe Device Market: Key Trends

Primarily, increasing incidence of cancer is predicted to fuel growth of gamma probe device market. According to statistics of the World Cancer Research Fund International, breast cancer tops among the number of cancers in females worldwide, and is second most common type of cancer. High number of cancer cases that now use nuclear medicine for therapeutics is likely to fuel demand for gamma probe devices.

Product innovations is another key factor fuelling the growth of gamma probe device market.

On the flip side, high cost of therapeutics involving gamma probe technique is a restraint to the growth of this market.

Gamma Probe Device Market: Regional Analysis

North America currently commands leading revenue in the gamma probe device market. Factors such as increasing prevalence of cancer, increasing use of nuclear medicines, and continual technological advancements of medical instruments by key players based in the region push North America to the fore.

Europe trails North America in terms of revenue share in the overall gamma probe device market.

Asia Pacific, however, is anticipated to register notable growth in the gamma probe device market over the forecast period. Increasing use of nuclear medicines on account of spurt in advancements of healthcare practices are likely to fuel growth of gamma probe device market in the region.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?