Magnetic Localization System Market Report 2021: Latest Trends, Top Manufacturers, Product Type, End User, Impact Due to COVID-19 and Forecast 2027

 A comprehensive overview of the Magnetic Localization System Market is recently added by UnivDatos Market Insights to its humongous database. The Magnetic localization system market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Magnetic localization system market. The Magnetic localization system market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Magnetic localization system market at the global and regional levels. Magnetic Localization System Market is expected to grow at a CAGR of X% from 2021-2027 to exceed US$ X billion by 2027.

Market Overview  

Magnetic localization system market are most commonly used for lymph node procedures. MagtraceTM and Sentimag Magnetic Localization Devices are used on breast cancer patients to perform sentinel lymph node (SNL) biopsy procedure. Cancer cells are most likely to spread from the original tumor site in sentinel lymph nodes. In this biopsy procedure, a tracer is injected into the breast which flows through the sentinel lymph nodes. The surgeon using the indication, removes these nodes and can access whether cancer has spread to the nodes. Blue Dye can cause severe allergic reaction in 1-2% of the patients. In a study the radioisotope technique detected 93.5% of the nodes and Magtrace TM and Sentimag magnetic localization system detected 94.3% of the nodes. Over, per patient concordance comparing the Magtrace TM and Sentimag magnetic localization system and the control method was 98.0%.

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COVID-19 Impact

Many industries suffered deep loss from the Covid-19 impact and will take some time to recover. The magnetic localization system market did find a way to come around the economic crisis. Magnetic localization system was tested to be used as a social distancing measure, which proved to be useful in reducing the spread of Covid-19 cases. According to the article, breathing rate higher than 45 breaths per minute indicates a respiratory problem like tachypnea. Hence, this device can be used for real time monitoring of such respiratory conditions including Covid-19. The launch of these devices is expected to boost the magnetic localization system market in the coming times.

Magnetic localization system market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Device Type, the market is primarily segmented into

·       Rigid magnetic localization system

·       Flexible magnetic localization system

The rigid magnetic localization system segment generated revenue of US$ X million in 2020 and is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of US$ X million by 2027.

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By Application, the market is primarily segmented into

·       Orthopedic

·       Endoscopy

·       Dental

·       Neurosurgery

Amongst Application, the Endoscopy segment was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 growing at a CAGR of X% from 2021-2027.

By End-User, the market is primarily segmented into

·       Hospitals

·       Ambulatory Surgical Centers

·       Others

Amongst Application, the hospitals segment was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 growing at a CAGR of X% from 2021-2027.

Magnetic localization system Market Geographical Segmentation Includes:

·       North America (the U.S, Canada, and Rest of North America)

·       Europe (Germany, France, Spain, Italy, UK, and Rest of Europe)

·       Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)

·       Rest of the World

Based on the estimation, the North America region dominated the Magnetic localization system market with almost X% revenue share in 2020.

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The major players targeting the market includes

·       Medtronic

·       Brainlab

·       Fiagon AG Medical Technologies

·       Collin SAS

·       Endomagnetics Ltd

·       KARL STORZ

·       Stryker

·       Veran Medical Technologies

·       Sirius Medical bv

·       Cianna Medical

 

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Magnetic localization system market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and technological advancements in the Magnetic localization system market?

·       Which factors are influencing the Magnetic localization system market over the forecast period?

·       What are the global challenges, threats, and risks in the Magnetic localization system market?

·       Which factors are propelling and restraining the Magnetic localization system market?

·       What are the demanding global regions of the Magnetic localization system market?

·       What will be the global market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by global companies?

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