Biopsy Devices Market – Industry Analysis and Forecast (2023-2029)

Biopsy Devices Market was valued at US$ 2.91 Bn. in 2022 and is expected to reach US$5.68 Bn. in forecast period and the market size is expected to grow at a CAGR of 10.02 % through the forecast period.
Biopsy Devices Market Overview:
Biopsy devices are several pieces of equipment used to surgically remove tissues from an organ. Surgeons, radiologists, cardiologists, and other medical professionals use them to determine the existence and degree of malignant and inflammatory disorders. Some of the most widely used biopsy equipment include aspiration needles, forceps, and localization wires. These instruments are utilised in MRI-guided, needle-based, core, and vacuum-assisted biopsies of the liver, lungs, kidneys, and breasts, among other body areas. They're used in a wide range of healthcare settings, including medical clinics, diagnostic centres, and hospitals.

The report explores the Global Biopsy Devices Market segments (Product, Application, End User and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Global Biopsy Devices Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Biopsy Devices Market contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Biopsy Devices Market Dynamics:
The Global Biopsy Devices Market is likely to benefit from rising demand for less invasive operations and disposable biopsy devices. Patients and healthcare practitioners are becoming more interested in technologically improved biopsy guided devices, such as vacuum-assisted guns. The advent of cost-effective and improved devices, as well as the growing elderly population, are expected to fuel the growth of the Global Biopsy Devices Market. The need for reliable diagnostic procedures is growing in response to rising cancer-related spending. Governments and healthcare regulatory agencies all over the world are continually working to bring down the exorbitant expenses connected with cancer treatment. Patients in emerging countries' primary and secondary healthcare centres are encouraged to have regular diagnostic exams. The use of biopsy devices results in a lower number of hospital stays and a shorter recovery time. The rise is accompanied by an increase in the incidence of cancers such as breast, prostate, and lung, as well as significant technological advancements. Furthermore, increased awareness of chronic disease diagnosis is likely to boost demand for biopsy instruments over the forecast period.

The market's strong growth can be ascribed to rising cancer rates, advantageous reimbursement programmes, and a shift toward less invasive procedures. More advanced, effective, and safe biopsy methods are being developed as the patient pool grows. Various government and healthcare organisation activities aimed at cancer treatment and diagnosis would help the market develop even faster throughout the forecast period. Increasing healthcare spending and substantial research and development (R&D) activities are also having a beneficial impact on the industry.The use of biopsy equipment is being fueled by rapid technology improvements such as vacuum assisted guns, 3D optical biopsies, MRI-targeted biopsies, and Ultrasound-guided biopsies. More people are choosing for biopsy procedures since they can be used to diagnose practically every organ.
Segment Analysis:
Based on Type, Needle-based biopsy guns held the highest market share in 2021. Rising demand for soft tissues of internal organs such as the breasts, kidneys, and lungs, as well as an increased necessity for speedy and delicate collection of cell samples for biopsy, are driving the growth of the Global Biopsy Devices Market. Furthermore, the advent of technologically advanced devices like as INRAD Inc.'s Aspiration biopsy syringe gun is expected to propel the Global Biopsy Devices Market forward throughout the forecast period.

Based on the Application, breast biopsy registers the largest share of the market due to surging prevalence of breast cancer and growth in awareness about the disease.
Regional Insights:
The North America region dominated the market with xx% share in 2021. The Asia Pacific region is expected to witness significant growth through the forecast period. North America dominates the biopsy devices market Because of the presence of leading industry players catering to increasing product demand. Increased per capita healthcare expenditure, as well as the growing adoption of new and advanced diagnostic techniques, are driving high demand for biopsy devices in the region.

Due to the high senior population, rising cancer frequency in countries like India, China, and Australia, as well as improving healthcare infrastructure within the area, Asia-Pacific is predicted to rise significantly from 2022 to 2029.

The objective of the report is to present a comprehensive analysis of the Global Biopsy Devices Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Biopsy Devices Market dynamic, structure by analyzing the market segments and projecting the Global Biopsy Devices Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Biopsy Devices Market make the report investor’s guide.
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Global Biopsy Devices Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.91 Bn.


Forecast Period 2022 to 2029 CAGR:
10.02%
Market Size in 2029:
US $ 5.68 Bn.


 Segments Covered:
by Product
 Needle-based Biopsy Instruments
Devices
Guns
Needles
Localization Wires
Procedure Trays


by Application
 Breast Biopsy
Lung Biopsy
Colorectal Biopsy


by End User
 Hospitals
Academic and Research Institutes
Diagnostic and Imaging Centers



Biopsy Devices Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Biopsy Devices Market Key Players
1. C. R. Bard, Inc.
2. Becton, Dickinson and Company
3. Cook Group Incorporated
4. Devicor Medical Products, Inc.
5. Argon Medical Devices
6. B. Braun Melsungen AG
7. Cardinal Health, Inc.
8. Olympus Corporation
9. Boston Scientific Corporation
10.FUJIFILM Holdings Corporation
11.INRAD, Inc.
12.Medtronic plc
13.Ad-Tech Medical Instrument Corp
14.Fischer Medical Technologies Llc
15.Planmeca

Frequently Asked Questions:

1. Which region has the largest share in Global Biopsy Devices Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Biopsy Devices Market?
Ans: The Global Market is growing at a CAGR of 5.68% during forecasting period 2023-2029.

3. What is scope of the Global Biopsy Devices Market report?
Ans: Global Biopsy Devices Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this Market?
Ans: The Global Biopsy Devices Market is studied from 2022 to 2029.