Breast Biopsy Device Market To Reach USD 1.37 Billion By 2026 | CAGR of 11.0%

: New York, United States, 05-August-2020, (Via WiredRelease), (Reports and Data) – The recent study of reports and data suggests that the Breast Biopsy Device Market is expected to attain a market value of USD 1.37 Billion by the end the forecast frame registering a CAGR of 11.0%. Breast Biopsy refers to a diagnostic procedure to determine whether a small sample removed from the breast tissue is cancerous. It is regarded as the most effective methods for cancer diagnosis. It is found that about 70-80% of the biopsies are negative of cancer, but may diagnose conditions that are predispose to mammary carcinoma. Breast biopsy is recommended when a person is facing symptoms like a breast lump, sore breast, breast dimpling, peel appearance to breast and nipple discharge etc. The invasive surgical methods for breast biopsy has been found to be disadvantageous as it is painful and the patient will have to bear the psychological stress of false positive referrals.

The increasing vulnerability of women to mammary carcinoma in all the economies, along with the awareness drives and screenings conducted in favor of women have propelled the demand side of the breast biopsy market. The extensive and exhaustive research environment acts as an impetus to the market which has aided in evolving more accurate and minimally invasive methods for the early diagnosis of mammary carcinoma.

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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market.  The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.

Key participants include

Becton, Dickinson and Company, C.R. Bard, Inc., Devicor Medical Products Inc., Hologic Inc., Argon Medical Devices, Cook Medical Incorporated, Encapsule Medical Devices LLC, Planmed OY, and Ethicon Endo Surgery (Johnson and Johnson), among others.

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For the purpose of this report, Reports and Data have segmented into the global Breast Biopsy Device market on the basis of type, propellants, application, and region:

Type (Revenue, USD Million; 2016–2026)

Needle Breast Biopsy

Vacuum Assisted Surgery

Core needle Biopsy

Fine Needle Aspiration Biopsy

Open Surgical Breast Biopsy

Incisional

Excisional

Product (Revenue, USD Million; 2016–2026)

Biopsy Needles

Biopsy Tables

Punches

Markers

Sutures

Guidance Type (Revenue, USD Million; 2016–2026)

Mammography

Ultra sound

MRI

CT scan

Others

End Use (Revenue, USD Million; 2016–2026)

Diagnostic Clinic

Hospitals

Others

Regional Outlook (Revenue, USD Million; 2017-2027)

North America

U.S

Europe

U.K

France

Asia Pacific

China

India

Japan

MEA

Latin America

Brazil

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Key aspects of the Breast Biopsy Device Market Report:

The report comprises of Breast Biopsy Device market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.

The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions.

The report covers all the crucial information about the products and services of major competitors.

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