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Fibroadenoma Market 2023 | Accruals of USD ~ 800 Million | Assert MRFR

(PharmaNewsWire.Com, January 23, 2018 ) Global Fibroadenoma Market is expected to reach $ 800 million by the end of 2023, this market is projected to growing at a CAGR of ~ 4.9 % during 2017- 2023.

Fibroadenomas are classified into two types, simple fibroadenoma and complex fibroadenoma. Simple fibroadenoma are about 1–3cm in size and generally do not increase the risk of developing breast cancer in the future. Complex fibroadenoma may increase the risk of developing breast cancer in the future.
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Biopsy is the best procedure to detect fibroadenomas although non-invasive diagnosis such as ultrasound are in greater demand. Minimally invasive surgeries such as cryoablation, which uses an ultrasound to destroy the fibroadenoma are in huge demand. The non-invasive nature of these treatments reduce the pain and trauma associated with traditional surgery, thus, reducing the stay of hospitalization. However, minimally invasive surgeries are more expensive which will act as a drag on the market. Overall, the rising per capita income and the growing acceptance of the surgeries across the globe will drive the future market.
The market for treatment of fibroadenomas is growing due to factors such as growing use of hormonal contraceptives which increases the chances of fibroadenomas, genetic predisposition, greater screening rates, growing awareness etc. Sometimes fibroadenomas are treated with ormeloxifene. Obesity also increases the chances of developing fibroadenoma in breasts. The market restraints are the non-life threatening and self-resolving nature of fibroadenomas.
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Key players of global fibroadenoma market:
• IceCure Medical, Inc.
• Alpinion Medical Systems Co., Ltd.
• SonaCare Medical, LLC.
• Insightec
• Torrent Pharmaceuticals Ltd
• Taj Pharmaceuticals Ltd.
• Novartis Pharmaceuticals Limited
• Torrent Pharmaceuticals Limited
Regional analysis
US accounts for the maximum market share due to favorable insurance penetration which leads to reimbursement scenario as well as greater expenditure on healthcare. Faster market uptake of new technology and devices in the US is also an important driver of the market for global fibroadenoma diagnosis and treatment. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.
Segments:
The global fibroadenoma market is segmented on the basis of types, diagnosis, treatment, and end users. Based on types, the market has been segmented as simple fibroadenoma and complex fibroadenoma. Based on the diagnosis, the market has been segmented as physical examination, ultrasound scan, mammogram, biopsy and others. Based on the treatment, the market has been segmented as cryoablation, High Intensity Focused Ultrasound (HIFU), drugs, surgery and others. Based on the end users, the market has been segmented as hospitals and clinics, diagnostic centers and others.
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We are thankful for the support and assistance from Fibroadenoma Market Research Report- Global Forecast till 2023 related technical experts and marketing experts during Research Team survey and interviews.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


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