Global Breast Biopsy Devices Market Set to Surge, Reaching US$ 3.6 Billion by 2032, driven by a 5.5% CAGR

The global breast biopsy devices market is on the brink of remarkable growth, poised to achieve a Compound Annual Growth Rate (CAGR) of approximately 5.5% from 2022 to 2032. According to the latest forecast by Future Market Insights (FMI), the market value is expected to escalate to US$ 3.6 billion by 2032, a significant increase from its valuation of US$ 2.1 billion in 2022.

The recent report from Future Market Insights underscores the pivotal role of biopsy needle segments, projecting their dominance by constituting approximately 23.4% of the global market in 2021. This upward trajectory reflects the burgeoning demand and importance of breast biopsy devices in the healthcare sector.

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Continuous innovation and technological advancements within the breast biopsy devices market are driving this anticipated growth. These advancements offer healthcare professionals advanced tools for early and precise diagnosis, crucial in the face of rising global prevalence of breast cancer. Breast biopsy devices play a pivotal role in ensuring timely and accurate detection, ultimately enhancing patient outcomes.

Breast biopsy devices are instrumental in the healthcare industry, facilitating the critical process of obtaining tissue samples from the breast safely and accurately. Typically employed when a suspicious lump or anomaly is detected during a mammogram or clinical examination, these devices aid in diagnosing breast cancer and determining the appropriate course of treatment.

As the demand for early and accurate diagnosis of breast cancer intensifies, the breast biopsy devices market is set to witness significant expansion, driven by innovation and the imperative of improving patient outcomes.

The Key Takeaways Regarding The Breast Biopsy Devices Market Are As Follows:

• Market Growth: The breast biopsy devices market has been experiencing significant growth due to increasing awareness about breast cancer, advancements in diagnostic technologies, and rising incidence of breast cancer worldwide.
• Rising Incidence of Breast Cancer: Breast cancer is one of the most commonly diagnosed cancers in women globally. The increasing prevalence of breast cancer has led to a growing demand for breast biopsy devices for early detection and accurate diagnosis.
• Technological Advancements: The market has witnessed technological advancements in breast biopsy devices, such as the introduction of minimally invasive techniques like vacuum-assisted biopsy (VAB) and core needle biopsy (CNB). These techniques offer advantages like reduced invasiveness, shorter procedure time, and minimal scarring.
• Increasing Adoption of Stereotactic Biopsy: Stereotactic biopsy, a type of image-guided biopsy, has gained significant popularity due to its accuracy and reliability. This technique allows precise localization of suspicious lesions, resulting in improved diagnostic outcomes.
• Growing Preference for MRI-Guided Biopsy: Magnetic resonance imaging (MRI)-guided biopsy is being increasingly adopted as it offers better visualization of suspicious lesions, especially for patients with dense breast tissue. MRI-guided biopsy provides accurate targeting and sampling of lesions, contributing to improved diagnostic accuracy.

Breast Biopsy Devices Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Breast Biopsy Devices market. Competitive information detailed in the Breast Biopsy Devices market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Breast Biopsy Devices market report.

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Key players covered in the report include:

• ARGON MEDICAL
• Becton Dickinson and Company
• C.R. Bard, Inc.
• Cook Medical Inc.
• Devicor Medical Products, Inc.
• F. Hoffmann-La Roche Ltd.,
• GE Healthcare
• Hologic, Inc.
• Leica Biosystems
• Medax Srl Unipersonale
• Planmed Oy,
• Scion Medical Technologies, LLC
• Siemens Healthier

Breast Biopsy Devices Market: Segmentation

Valuable information covered in the FMI’s Breast Biopsy Devices market report has been segregated into key segments and sub-segments.

By Product:

• Biopsy Needle
  • Core Needles
  • Fine Aspiration Needles
• MRI-Guide Biopsy Systems
• Ultrasound Guided Breast Biopsy Systems
  • Two-Dimensional (2-D) Mammographic Ultrasonic Scanning Systems
  • Three-Dimensional (3-D) B-Mode Mammographic Ultrasonic Scanning Systems
• Vacuum-Assisted Device (VAD)
• Guide Wire (Localization Wire)
• Breast Biopsy Marker

By Indication:

• Complex cyst
• Solid mass
• Suspicious solid mass( fibroadenoma )
• Suspicious micro calcifications

By End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Cancer Research Institutes

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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