Reports and Insights issued a report recently titled “Biopsy Devices Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The global biopsy devices market in 2022 is estimated for more than US$ 1.4 Bn and expected to reach a value of US$ 3.3 Bn by 2030 with a significant CAGR of 6.7%.
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Biopsy Devices Introduction
A biopsy involves taking small samples from the body including from sites such as skin, organs, and other structures so that it can be examined under microscopy and for histological examinations. The biopsy may be needed in case of investigation of functional or structural abnormalities which helps diagnose the abnormal or diseased condition.
Biopsy devices are needed to perform a biopsy of a particular organ or tissue. A specific type of biopsy device is needed based on the indication or site from which the sample is to be taken. Heightening the importance of accurate diagnostic procedures for chronic diseases such as cancer drives demand for biopsy devices in the global market.
Biopsy Devices Market Dynamics
The growing incidence of cancer is the foremost factor driving the growth of the global biopsy devices market. According to Cancer Research U.K., 357,000 new cases of cancer were diagnosed in the U.K. in 2014, and the incidence rate is expected to increase by 2% every year by 2035. This growth in incidence clearly indicates the rising demand for biopsy devices in the nearest future. The market for biopsy devices is expected to witness a rapid rise due to a growing number of hospitals and diagnostic centers in emerging markets of the Asia Pacific and Latin America. The global biopsy devices market report includes market estimates and trends by device types, indication, and geography.
Besides, the growing demand for minimally invasive procedures is expected to expand the need for biopsy devices in hospitals and diagnostic centers over the forecast period of 2019-2027. According to Eurostat surgical operation and procedures statistics, the biopsy is the second most common diagnostic procedure for cancer diagnostics in Europe.
A breast biopsy is frequently performed among all types of biopsies and as per a population-based study performed by Mayo Clinic, the overall utilization rate for breast biopsy was found to be 62.6 per 10,000 women.
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Biopsy Devices Market Segmentation
The global biopsy devices market is segmented on the basis of devices, indication, and region. On the basis of devices, the global biopsy devices market can be segmented into breast biopsy devices, Core needle biopsy devices, fine needle aspiration biopsy devices, gastrointestinal biopsy devices, and robotic guidance systems. On the basis of indication, the global biopsy devices market can be segmented into breast cancer, gastrointestinal cancer, cervical cancer, lung cancer, and others.
The global biopsy devices market is expected to increase at a steady CAGR over the forecast period owing to the increasing chronic diseases, geriatric population, and increase in trend for immediate relief across the healthcare receivers.
Biopsy Devices Market Key Players
The biopsy devices market is mainly dominated by C. R. Bard Inc., Becton, Dickinson and Company, INRAD Inc., Cook Group Incorporated, B. Braun Melsungen AG, Boston Scientific Corporation, Medtronic Inc., Devicor Medical Products, Inc., and Hologic Inc.
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