According to MRFR analysis, the global lymphedema diagnostics market is expected to register a CAGR of ~7.1% during the forecast period of 2019 to 2025 and was valued at USD 22.6 million in 2018.
Lymphatic obstruction or lymphedema is a long-term condition where the excess fluid forms in the body tissue and causes swelling commonly called edema. It develops due to the damaged lymphatic system. Sometimes it also develops after the treatment of breast cancer.
The growth of the global lymphedema diagnostics market is determined by numerous factors such as increasing incidence of cancer, high prevalence of lymphedema, and the adoption of new diagnostic modalities. However, the short half-life of radiopharmaceuticals and the high cost of diagnostic tests is projected to restrain the growth of the market during the forecast period.
Lymphedema Diagnostics Market Segmentation:
The global Lymphedema Diagnostics Market Analysis has been studied on the basis of a segmentation provided by MRFR researchers that includes type, technology, disease type, and end user. Each segment is enriched with details about factors, graphs, and charts that can help in developing plans to explore opportunities in a better way.
By type, the study of the global lymphedema diagnostics market can be segmented into primary and secondary.
By technology, the study regarding the lymphedema diagnostics market has been segmented on the basis of lymphoscintigraphy, magnetic resonance imaging (MRI), ultrasound imaging, computed tomography, and others. The computed tomography segment is quite common. The MRI segment is gaining traction due to its ability to provide a 3D image of the problem.
By disease type, the global study on the global lymphedema diagnostics market includes cancer, inflammatory diseases, cardiovascular disease, and others. The cancer segment is ruling the sector.
By end user, the global review of the lymphedema diagnostics market has been segmented into hospitals, diagnostic centers, and others. In 2018, the hospital segment had maximum market coverage. Infrastructural superiority and funding for setup are expected to boost the global market.
Lymphedema Diagnostics Market Regional Analysis:
The Americas has several advantages in terms of infrastructure, latest technologies, and financial support. In addition, the budgetary allocation of countries like the US and Canada will support market growth. In Europe, the western part will get better revenues for bolstering efforts from France, Italy, the UK< and Germany.
Lymphedema Diagnostics Market Competitive Landscape:
Siemens Healthineers, GE Healthcare, Stryker Corporation, Philips, Shimadzu Corporation, Canon, Inc., United Imaging Healthcare Co., Ltd., Hitachi, Ltd., and Fluoptics are major companies impacting the global market with their strategic moves aimed at exploring new routes of expansion and increasing product portfolio to gain the upper hand in the market. These moves are mostly mergers, collaborations, acquisitions, innovations, a hike in investment to boost the research and development sector, new ideas to launch products, branding, marketing strategies, and others. MRFR recorded these moves in recent years to get an understanding of the trends guiding the market ahead. A proper study of this can help in developing plans that can boost the profit margin.
In just the United States, the number of people showing swelling of lymph nodes or lymphedema is one out of five cancer patients. The number is quite high, but recently a novel treatment process has been developed, which is showing signs of curing the disease. UC San Diego Health is offering this service where they are immediately going for lymphatic reconstruction as a preventive measure to restore lymphatic connections back in the arm. The process will be a simultaneous one with the removal of the lymph node. The promise of recovery is substantial. This positive approach can inspire people to get better diagnostic support in the coming days bolstering the lymphedema diagnosis market.
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