The size of the Latin American Biopsy Devices Market is expected to be worth USD 212.70 million in 2022. This value is forecasted to grow USD 314.70 million by 2027, registering a CAGR of 8.15% from 2022 to 2027. Growing diagnostic centers and cancer detection by biopsy devices are quite simple than any other devices that majorly lead the market.
A biopsy is a medical test performed to examine and remove cancerous tissue from the body. When a patient is suspected of having cancer, a biopsy is used to extract tissue samples to diagnose the disease.
The intense competitive rivalry among the key players to uphold their market shares is expected to fuel innovation and, in turn, help enhance the overall growth of this market. In addition, the increasing prevalence of cancer, growing demand for minimally invasive medical procedures, and increased spending for effective diagnostic procedures are pivotal factors driving the global biopsy devices market.
An increase in breast cancer screening procedures complaints is one of the key restraints for the biopsy devices market.
This research report on the Latin American liquid biopsy market has been segmented & sub-segmented into the following categories:
By End User:
Geographically, in Latin America, the Mexican biopsy devices market is predicted to dominate the Latin American market and is expected to continue its dominance over the forecast period. The Brazilian biopsy devices market is estimated to grow at the highest growth rate from 2022 to 2027. The rise in demand for early cancer detection and the adoption of needle biopsy devices are fuelling the market growth. The Brazilian healthcare sector is emerging the economics along with several hospitals.
The Biopsy devices market in Argentina is following Brazil in leading prominent shares of the market. The adoption of advanced diagnostic technology in diagnostic centers and hospitals is mainly propelling the market's demand. As a result, Argentina medical devices hold approximately 25% of the market share in higher-end technology products.
In the Biopsy devices market in Peru, an increasing number of breast cancer cases is enhancing the market's growth rate. Peru improves its healthcare accessibility & quality of biopsy devices in the market. They are using fine-needle aspiration biopsy & treatment at cancer institutes. In addition, the government provides training to their hospital staff about biopsy through physicians. In 2015, private hospital nurse staff arranged the program to provide awareness about FNAB & Ultrasound devices.
KEY MARKET PLAYERS:
A few of the prominent companies in the Latin America 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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2.2 Needle Biopsy
18.104.22.168 Core Needle Biopsy
22.214.171.124 Fine Needle Biopsy
126.96.36.199 Vacuum-Assisted Biopsy
5.2.3 Surgical Biopsy
188.8.131.52 Incisional Biopsy
184.108.40.206 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
5.3.2 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
5.4.2 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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Type
126.96.36.199 By Application
188.8.131.52 By End User
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Type
22.214.171.124 By Application
126.96.36.199 By End User
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product
220.127.116.11 By Type
18.104.22.168 By Application
22.214.171.124 By End User
6.4 Rest of Latin America
7.1 PESTLE analysis
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
8.1.2 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
8.6 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
8.14 Argon Medical Devices Inc
8.15 Intact Medical Corp
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
a) List of Tables
b) List of Figures
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