According to the report, the size of the Global Biopsy Devices Market was worth USD 19202.2 million in 2020 and estimated to be growing at a CAGR of 7.47% to reach USD 2753.3 million by 2025 during the forecast period.
A biopsy is a procedure to perform surgical removal of tissue from an organ to determine the presence or extent of disease, generally, cancer or inflammatory conditions, which are typically performed by surgeons, radiologists, and interventional cardiologists. Biopsies can be performed on any organ using specific biopsy devices as a confirmatory test for cancer or celiac diseases. The usage of biopsy device varies according to the type of organ under consideration. Conventional biopsy devices can be used along with advanced imaging technologies such as MRI Guided biopsy, stereotactic guided biopsy, ultrasound-guided biopsy, CT scan, and others.
Biopsy devices help in performing integrated procedures that are important to perform biopsies in critical areas of the body, such as the lungs, liver, and kidney. A biopsy is the surgical removal of tissue from an organ to find out the presence or level of a disease, mostly cancerous and inflammatory conditions. This diagnostic process is usually performed by surgeons, radiologists, and interventional cardiologists, to substantiate the presence of cancerous tissue.
MARKET DRIVERS
The main reason behind the growth in this market is primarily attributed to the rising prevalence of cancer and increasing demand for minimally invasive surgeries, initiatives undertaken by government & global health organizations to spread awareness about cancer, and the improved reimbursement scenario in the United States.
As we all know that the rising instances of chronic medical ailments, rapidly growing geriatric population, increasing healthcare expenditure and extensive research and development (R&D) activities, are projected to drive the biopsy devices market in the coming years.are are some of the key factors driving the growth of the biopsy devices market. There is a considerable rise in consumer awareness regarding the availability of diagnostic and screening procedures for chronic diseases boosting the demand for integrated technologies such as stereotactic-guided biopsies, smart biopsy systems that aid in distinguishing healthy cells from tumorous ones are also favoring the market growth, includes the
MARKET RESTRAINTS
Lack of or poor awareness of the diagnosis of chronic diseases is a major restraint for the market. Additionally, factors such as time-consuming, irreproducible nature, qualification needs, and required standardizations are hindering the growth rate of the market.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
Segments Covered |
By Product, Type, Application, End-User, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the global biopsy devices market has been segmented & sub-segmented based on the product, type, application, end-user, and region.
Biopsy Devices Market - By Product:
Biopsy Devices Market – By Type:
Biopsy Devices Market – By Application:
Biopsy Devices Market – By End User:
Biopsy Devices Market – By Region:
North America holds the most significant share in the global biopsy device market due to the increasing geriatric population. Europe holds the second primary market for biopsy devices owing to the acceptance of advanced technology in the biotechnology and research sector and innovation technologies. The Asia Pacific is estimated to represent strong potential market growth in the biopsy devices market due to fast technological advancements. The Asia-Pacific region is expected to witness the highest CAGR during the forecast period of 2020 to 2025. The rapid growth of this segment can be attributed to the rising prevalence of cancer, moreover large populations in countries such as China and India, improving healthcare infrastructure. However, patient safety risks associated with biopsy devices leading to product recalls, and the risk of infections related to biopsy procedures are expected to hinder the growth of this market to a certain extent.
TOP COMPANIES IN THE MARKET
List of key participants in the global biopsy devices market profiled in this report are Medtronic, Leica Biosystems, Hologic Inc., Boston Scientific Corporation, Becton, Cook Medical Inc., C.R. Bard Inc., Mauna Kea Technologies, Ethicon EndoSurgery Inc., Veran Medical Technologies, Dickinson and Company, Fujifilm Medical Systems, MDxHealth, Argon Medical Devices Inc. and Intact Medical Corp.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Instruments
5.1.2.1 Manual
5.1.2.2 Automated
5.1.2.3 Semi-Automated
5.1.3 Consumables
5.1.3.1 Reagents
5.1.3.2 Kits
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Type
5.2.1 Introduction
5.2.2 Needle Biopsy
5.2.2.1 Core Needle Biopsy
5.2.2.2 Fine Needle Biopsy
5.2.2.3 Vacuum-Assisted Biopsy
5.2.3 Surgical Biopsy
5.2.3.1 Incisional Biopsy
5.2.3.2 Excisional Biopsy
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Application
5.3.1 Introduction
5.3.2 Scientific Research
5.3.3 Medical Diagnosis
5.3.4 Agricultural Applications
5.3.5 Genetic fingerprinting & Sex Determination
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
5.4 End Users
5.4.1 Introduction
5.4.2 Pharmaceutical and Biotechnology Industry
5.4.3 Academic Research Institute
5.4.4 Contract Research Organizations
5.4.5 Forensic Labs
5.4.6 Y-o-Y Growth Analysis, By End Users
5.4.7 Market Attractiveness Analysis, By End Users
5.4.8 Market Share Analysis, By End Users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Medtronic
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Leica Biosystems
8.3 Hologic Inc.
8.4 Boston Scientific Corporation
8.5 Becton
8.6 Cook Medical Inc.
8.7 C.R. Bard Inc.
8.8 Mauna Kea Technologies
8.9 Ethicon EndoSurgery Inc.
8.10 Veran Medical Technologies
8.11 Dickinson and Company
8.12 Fujifilm Medical Systems
8.13 MDxHealth
8.14 Argon Medical Devices Inc
8.15 Intact Medical Corp
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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