Biopsy Devices Market Size, Share, Demand, Key Drivers, Development Trends and Competitive Outlook
Global Biopsy Devices Market report, businesses can acquire details about market drivers and market restraints which help them to guess about reducing or growing the production of particular product. It also offers top to bottom examination of the market for estimating income, return on investment (ROI) and developing business strategies. This market research report comprises of the most significant market insights that takes business to the highest level of growth and success. Various trustworthy sources such as journals, websites, and annual reports of the companies, white papers, and mergers have been used for assembling data and information mentioned in the credible Global Biopsy Devices Market analysis report.
Global Biopsy Devices Market was valued at USD 3.67 billion in 2021 and is expected to reach USD 3.96 billion by 2029, registering a CAGR of 7.3% during the forecast period of 2022-2029. The “Breast biopsy” accounts for the largest application segment in the biopsy devices market within the forecasted period owing to the surging prevalence of breast cancer and growth in awareness about the disease. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Over, the years, the burden of various types of cancer has significantly increased. Cancer accounted for nearly 10 million deaths across the globe, in 2020. Surging cases of various types of cancers globally is further resulting in increased demand for effective treatment and rising awareness regarding the availability of diagnostic and screening procedures. Owing to the extensive applications of biopsy devices, the demand for these devices will substantially growth over the forecasted period.
Biopsy is a medical procedure that evaluates and removes cancerous tissue from the body. When a patient is suspected of having cancer, the test is utilized to obtain tissue samples for illness diagnosis. Cancer diagnosis includes skin biopsy, vacuum biopsy, incision and excision biopsy, needle biopsy, fine needle aspiration, and shave biopsy.
Drivers
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Increased Demand for Cancer Treatment
The growing burden of prevalence of various cancer such as breast cancer, lung cancer and other types of cancer are expected to accelerate the overall growth of the market.
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Surging Advancements and Innovation
Rising patient awareness on cancer coupled with improvement in biopsy procedures are also projected to cushion the growth of the market. Moreover, the increased research and development activities in the field of biopsy devices are estimated to generate lucrative opportunities for the market. The advent of advanced products such as Vacora and Finesse Ultra Breast Biopsy System and Celero VAB device will further expand the biopsy devices market’s growth rate in the future.
Furthermore, the growth determinants such as demand for minimally invasive biopsy procedures along with the expanding healthcare sector are also expected to fuel market growth. Moreover, the soaring demand for less invasive biopsy procedures also cushions the market’s growth within the forecasted period.
Recent Developments
- In June 2021, Biocept, Inc., a leading provider of molecular diagnostic assays, products, and services, announced a partnership with Quest Diagnostics (NYSE: DGX) to offer laboratory testing services for its Target SelectorTM NGS-based liquid biopsy targeted lung cancer panel to Quest patients. Quest Diagnostics is the world’s largest provider of diagnostic information services, which includes sophisticated diagnostics.
Key Players:
Some of the major players operating in the biopsy devices market are BD, (U.S.), Cook (U.S.), Devicor Medical Products, Inc., (U.S), Leica Biosystems Nussloch GmbH (Germany), Argon Medical Devices Inc., (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health (U.S.), Olympus Corporation (Japan), Boston Scientific Corporation (U.S.), FUJIFILM Holdings Corporation (Japan), INRAD, Inc. (U.S.), and Medtronic (Ireland) among others.
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Biopsy Devices Market Scope
Product
- Needle-Based Biopsy Instruments
- Procedure Trays
- Localization Wires
- Other Products
On the basis of product, the biopsy devices market is segmented into needle-based biopsy instruments, procedure trays, localization wires and other products. The needle-based biopsy is sub-segmented into core biopsy devices, aspiration biopsy needles and vacuum-assisted biopsy devices. Core biopsy devices are further sub-segmented into core biopsy guns and core biopsy needles. Vacuum-assisted biopsy devices are sub-segmented into vacuum-assisted biopsy systems and vacuum-assisted biopsy needles.
Guidance Technique
- Ultrasound-Guided Biopsy
- Stereotactic-Guided Biopsy
- MRI-Guided Biopsy
- Other Guidance Techniques
On the basis of guidance technique, the biopsy devices market is segmented into ultrasound-guided biopsy, stereotactic-guided biopsy, MRI -guided biopsy and other guidance techniques.
Application
- Breast Biopsy
- Lung Biopsy
- Colorectal Biopsy
- Prostate Biopsy
- Other Applications
On the basis of application, the biopsy devices market is segmented into breast biopsy, lung biopsy, colorectal biopsy, prostate biopsy and other applications. Breast biopsy registers the largest share of the market due to surging prevalence of breast cancer and growth in awareness about the disease.
End User
- Hospitals
- Academic and Research Institutes
- Diagnostic and Imaging Centres
On the basis of end user, the biopsy devices market is bifurcated into hospitals, academic and research institutes and diagnostic and imaging centers.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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