Fibroadenoma Market Research Report- Global Forecast till 2023

Fibroadenoma Market Research Report- Global Forecast till 2023

ID: MRFR/HC/2680-HCRR | August, 2017 | Region: Global | 90 pages | Half-Cooked Research Reports

Fibroadenoma Market information: by types (simple, complex) by diagnosis (physical examination, ultrasound scan, others) by treatment (cryoablation, drugs, others) by end users - Global Forecast till 2023  


Market Synopsis of Global Fibroadenoma market:


Market scenario:


Fibroadenomas are benign tumours of the breast which are characterized by a mixture of stromal and epithelial tissue. Fibroadenomas originate from the milk producing glands to form a solid lump. Fibroadenomas are caused due to hormone imbalances and the symptoms are painless, firm, mobile lump in the breast of a woman. According to American Cancer Society, fibroadenomas are most common in young women in their 20s and 30s, although they can be found in women of any age. The growth of these tumours is faster during pregnancy, while menopause causes them to shrink. Fibroadenomas increase the risk of breast cancer by about one and a half times the risk of women with no Fibroadenomas. Removal of fibroadenomas, is the recommended treatment if they keep growing but sometimes these tumours stop growing or even shrink on their own, without any treatment. Fibroadenomas are more common in African-American women. Fibroadenomas are also called breast mice due to their high mobility in the breast.


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.


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.


Considering all these factors, the market for fibroadenoma diagnosis and treatment 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.

Research methodology Fibroadenoma Market


Sources: Mayo Clinic, MRFR Analysis.


Intended Audience



  • Global Fibroadenoma diagnosis and treatment solutions, manufacturers & suppliers

  • Research and development (R&D) companies

  • Hospitals and clinics

  • Academic institutes and universities


Figure 1         Global Fibroadenoma Market by Type, 2016 (% Market Share)
Fibroadenoma Market by Type, 2016


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.


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.


Key players of global fibroadenoma market:


Key players profiled in the report are IceCure Medical, Inc., Alpinion Medical Systems Co., Ltd., SonaCare Medical, LLC., Insightec, Torrent Pharmaceuticals Ltd, Taj Pharmaceuticals Ltd., Novartis Pharmaceuticals Limited, Torrent Pharmaceuticals Limited, and others.

Table of contents

1.            Introduction         

1.1          Definition             

1.2          scope of study    

1.2.1      Research Objective            

1.2.2      Assumptions & Limitations             

1.2.2.1  Assumptions       

1.2.2.2  Limitations          

1.3          Market Structure:               

2.            Research Methodology     

2.1          Research Process:             

2.2          Primary Research              

2.3          Secondary Research:        

3.            Market dynamics               

3.1          Drivers  

3.2          Restraints                            

3.3          Opportunities      

3.4          Macroeconomic Indicators               

4.            Market factor analysis      

4.1          Porters Five Forces Model               

4.2          Bargaining Power Of Suppliers       

4.3          Bargaining Power Of Buyers            

4.4          Threat Of New Entrants     

4.5          Threat Of Substitutes         

4.6          Intensity Of Rivalry             

5.            Global Fibroadenoma market, by Types

5.1          Simple Fibroadenoma

5.2          Complex Fibroadenoma

6.            Global Fibroadenoma market, By Diagnosis

6.1          Introduction

6.2          Physical Examination

6.3          Ultrasound Scan

6.4          Mammogram

6.5          Biopsy

6.6          Others

7.            Global Fibroadenoma market, by Treatment

7.1          Introduction

7.2          Cryoablation

7.3          High Intensity Focused Ultrasound (HIFU)

7.4          Drugs

7.5          Surgery

7.6          Others

8.            Global Fibroadenoma market, By End Users

8.1          Hospitals And Clinics

8.2          Diagnostic Centers

8.3          Others

9.            Global Fibroadenoma market, By Region    

9.1          North America     

9.1.1      Introduction         

9.2          Europe  

9.2.1      Introduction         

9.3          Asia-Pacific          

9.3.1      Introduction         

9.4          Middle East & Africa          

9.4.1      Introduction         

10.          Competitive landscape

10.1       Major Strategies Adopted By Market Players              

10.1.1   Strategic Partnership        

10.1.2   Merger & Acquisition         

11.          Company profile 

11.1       IceCure Medical, Inc.

11.1.1   Overview              

11.1.2   Product Overview               

11.1.3   Financials            

11.1.4   Key Developments            

11.2       Torrent Pharmaceuticals Ltd

11.2.1   Overview              

11.2.2   Product Overview               

11.2.3   Financials            

11.2.4   Key Developments            

11.3       Taj Pharmaceuticals Ltd.

11.3.1   Overview

11.3.2   Product Overview               

11.3.3   Financials

11.3.4   Key Development              

11.4       Novartis Pharmaceuticals Limited

11.4.1   Overview

11.4.2   Product Overview

11.4.3   Financials

11.4.4   Key Developments            

11.5       Alpinion Medical Systems Co., Ltd.

11.5.1   Overview

11.5.2   Product Overview               

11.5.3   Financials

11.5.4   Key Developments

11.6       SonaCare Medical, LLC.

11.6.1   Overview

11.6.2   Product Overview               

11.6.3   Financials            

11.6.4   Key Developments

11.7       Insightec

11.7.1   Overview

11.7.2   Product Overview               

11.7.3   Financials            

11.7.4   Key Developments

11.8       Others

12.     Conclusion

12.1    Key Findings

12.1.1  From Ceo’s Viewpoint

12.1.2  Unmet Needs Of The Market

12.2    Key Companies To Watch

12.3    Prediction Of Fibroadenoma Diagnosis And Treatment Industry

13.          Appendix