Gamma Probe Market Analysis, Size and Development Trends Forecast Till 2022

Global Gamma Probe Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A hand-held device, used with a Geiger-Muller tube or scintillation counter for intraoperative use following interstitial injection of a radionuclide, to locate regional lymph nodes by their radioactivity is referred to a Gamma Probe.

It is used predominantly for sentinel lymph node mapping and parathyroid surgery. In addition, the Gamma Probe is used for RSL (Radioactive Seed Localization), to track down small and non-palpable breast lesions. The factors that propel the growth of the Gamma Probe Industry include increasing demand, rapid urbanization & industrialization, and product development & technological innovations.

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In addition, factors such as changing lifestyle, rising disorders, growing research & development undertakings, and developing healthcare sector contribute to the market growth. On the other hand, there are also factors that may hamper the growth of the market such as high cost. Gamma Probe Market is classified on the basis of product type, applications, distribution channel and geography.

Gamma Probe Market is segmented by product type as handheld and others. The market is classified on applications as hospital, medical center, and others. Gamma Probe Industry is segmented by distribution channel as online stores, specialty stores and others. Gamma Probe Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa. In case of geographical region, North America is projected to account a significant share of the Gamma Probe Market. The factors that attribute to the growth of this region include growing R&D undertakings, well established healthcare infrastructure & facilities, etc.

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Some of the key players that fuel the growth of the Gamma Probe Market include BNC Scientific, IntraMedical Imaging, Lake Shore Cryotronics, Raditec Medical AG, Tron Medical Ltd, Wake Medical, Ziteoinc, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.