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Global Biopsy Devices Market Report 2022: Increased Demand For Cancer Treatment Drives Sector
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Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Global Biopsy Devices Market Size, Share & Industry Trends Analysis Report By Product (Needle-based Biopsy Guns, Biopsy Guidance Systems, Biopsy Needles, Biopsy Forceps and Others, By End User, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Biopsy Devices Market size is expected to reach $3 billion by 2028, rising at a market growth of 7.5% CAGR during the forecast period.
The biopsy is a medical examination that is mainly used by surgeons, interventional radiologists, or interventional cardiologists. It involves the removal of model cells or tissues for testing the existence or degree of disease. After the removal of tissue, it is fixed, implanted, segmented, stained, and mounted, which is then analysed chemically by a pathologist.
Excisional biopsy is a process where a completely swollen area or doubtful part is taken out. Whereas, when a part of irregular tissue is taken out without removing the complete lesion or tumour, it is called an incisional biopsy or core biopsy.
Most biopsies are performed to know about probable cancerous or inflammatory conditions. Biopsy devices are used to inspect disorders by taking out a tissue from the affected place or organs with the help of the biopsy process while managing diagnostic examination. The use of every biopsy device is different and depends on the type of organ for which it is done.
Common biopsy devices may be used together with advanced imaging technologies like a stereotactic-guided biopsy, MRI-guided biopsy, CT scan, ultrasound-guided biopsy, and others to execute biopsy with precision and least invasiveness.
Market Growth Factors
Increased Demand For Cancer Treatment
As per World Health Organization, the cancer is the foremost reason for death all over the world, accounting for almost 10 million demises in 2020, or approximately one in six deaths. The most common cases of cancers are breast, colon & rectum, lung, and prostate cancers. About one-third of people who die from cancer are due to tobacco, alcohol consumption, high body mass index, low fruit & vegetable consumption, and absence of bodily movement.
Growth Of Healthcare Infrastructure
A significant factor supporting the expansion of the biopsy device market is expanding healthcare infrastructure. This is the result of the growing number and size of investments in the healthcare sector all over the globe. In addition, it is predicted that more developing economies are demanding high-quality healthcare facilities as they are supported by high spendable incomes. This factor is predicted to offer growth opportunities to the market players entering the biopsy device market.
Market Restraining Factors
Alternatives To Biopsy Are Preferred More
There are some techniques that are chosen over biopsy. Patients choose these alternatives for cancer diagnosis because they are more efficient in terms of time, money, and technology. Confocal microscopy further assists the effectiveness of diagnostic procedures by providing instantly readable, high-resolution digital images. This technique has ability to access practically any part of the body with simple devices. Some tests are available that could detect the enzymes that prostate cancer produces to determine whether cancer is present and how aggressive or quickly it might be growing. This may negatively affect the biopsy device market.
Product Outlook
Based on the product, the biopsy devices market is segmented into needle-based biopsy guns, biopsy guidance systems, biopsy needles, biopsy forceps and others. In 2021, the needle-based biopsy guns segment dominated the biopsy devices market with the maximum revenue share. The rising demand for these guns to obtain trials from soft tissues of internal body parts such as breasts, kidneys, and lungs is expected to support the growth of the overall market in this segment during projected period. The critical factor for the rise of needle-based biopsy guns is the growing necessity for quick and tender obtaining of cell trials for biopsy.
End-user Outlook
Based on the end user, the biopsy device market is categorized into hospitals, diagnostic imaging centers, and others. The diagnostic center segment procured a prominent revenue share in the biopsy device market in 2021. These centers are specially established for diagnosis purposes. People with high-income levels usually prefer getting diagnosed in such centers. In addition, the skilled personnel and use of the latest medical devices are promoting these centers. As a result of a high number of patients undergoing diagnosis in such centers, the market is predicted to grow in this segment during the projection period.
Scope of the Study
By Product
Needle-based Biopsy Guns
Vacuum-assisted Biopsy (VAB) Devices
Fine Needle Aspiration Biopsy (FNAB) Devices
Core Needle Biopsy (CNB) Devices
Biopsy Guidance Systems
Manual
Robotic
Biopsy Needles
Disposable
Reusable
Biopsy Forceps
Others
By End-user
Hospitals
Diagnostic & Imaging Center
Others
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Key Market Players
Medtronic PLC
Hologic, Inc.
Fujifilm Holdings Corporation
B.Braun Melsungen AG
Danaher Corporation
ConMed Corporation
Becton, Dickinson and Company
Cardinal Health, Inc.
Argon Medical Devices, Inc.
Cook Medical, Inc.
Companies Mentioned
Medtronic PLC
Hologic, Inc.
Fujifilm Holdings Corporation
B. Braun Melsungen AG
Danaher Corporation
ConMed Corporation
Becton, Dickinson and Company
Cardinal Health, Inc.
Argon Medical Devices, Inc.
Cook Medical, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/m01rqv-biopsy?w=12
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