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Biopsy Devices Market : Study on Key Players | C.R. Bard, Devicor Medical Products Inc., CareFusion Corporation, Hologic Inc, Angiotech (Surgical Specialities Corporation), Cardinal Health, Inc., INRAD, Inc.

09-12-2018 08:20 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Biopsy Devices Market : Study on Key Players | C.R. Bard, Devicor

Biopsy Devices Market size is estimated to see USD 3.1 billion revenues by 2024; as reported by Global Market Insights, Inc.

Growing demand for minimally invasive surgeries and disposable devices in line with increasing demand for technologically advanced, and accurate products will boost global market growth.

Growing prevalence of cancer and geriatric population base account for the pivotal factors is set to positively impacting the market growth. Moreover, introduction of technologically advanced products and growth in market penetration rates in Latin America and Asia Pacific should present the biopsy device manufacturers with lucrative growth opportunities in the years to come.

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The emergence of technologically advanced vacuum-assisted biopsy guidance devices, and growing popularity of disposable products coupled with rising adoption of minimally invasive medical procedures indicate towards healthy growth in the market.

Guidance systems accounts for majority of this market share contributing to 43% in 2015, with revenue anticipated to exceed USD 1.1 billion by 2024. Strong robotic guidance system price trend is expected to fuel growth.

North America accounted for the largest biopsy devices market share in 2015. Growing cancer related spending is expected to drive market growth during the forecast period. Government and various agencies engage constantly in curbing this healthcare expenditure, and encourage patients to undergo regular diagnostic examinations.

Apart from this, growing awareness levels coupled with a surge in healthcare infrastructure in the emerging Asia Pacific and Latin America is expected to drive growth during forecast timeline.

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Key insights from the report include:

• Global biopsy devices market size is set to reach USD 3.1 billion by 2024, from an estimated USD 1.75 billion for 2015, projected to grow at 6.5% from 2016 to 2024.

• Biopsy guidance systems dominated the overall market during the forecast timeframe valued at USD 755.5 million for 2015.

• U.S. market size valued at USD 410.5 million for 2015, accounting for major regional share. High prevalence of cancer coupled with growing awareness regarding cancer diagnosis are some of the factors attributed to the major share of the region.

• Germany and UK garnered 28.6% and 22.8% respectively in the Europe market share for 2015.

• Biopsy devices market share experiences a moderately low level of new entry threat. The major players in the market take up around 80% share, and employ acquisition strategies making it difficult for the new players to sustain in the market.

• China, Japan and India market drive Asia Pacific due to presence of large patient pool, while LATAM was driven by Brazil and Mexico.

Global Market Insights has segmented the biopsy devices market on the basis of product, and region:

Global Biopsy Devices Product Analysis (Revenue, USD Million; 2012 - 2024)

• Needle-based biopsy guns
o Vacuum-assisted
o Fine needle aspiration
o Core needle biopsy

• Biopsy guidance system
o Manual
o Robotic

• Biopsy needles
o Disposable
o Reusable

• Biopsy forceps
o General
o Hot

• Others
o Brushes
o Curettes
o Punches

Global Biopsy Devices Industry Regional Analysis (Revenue, USD Million; 2012 - 2024)

• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
• Latin America
o Brazil
o Mexico
o Argentina
o South Africa
o Saudi Arabia

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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