Breast Biopsy Devices Market And Key Players Biomed Diagnostics, Bard Peripheral Vascular, F. Hoffmann-La Roche, Hologic

Prevalence of breast cancer or suspicious lesions that might need a biopsy increases with age. Vacuum-assisted breast biopsy (VABB) are widely used owing to their low price and quick response time as compared to other diagnostic devices such as ultrasound, x-ray, computed tomography (CT), or magnetic resonance imaging. For instance, according to Hologic, C.R. Bard and Mammotome Company, VABB accounts for 90% of its revenue in the breast biopsy devices. Some of the other factors driving the market for breast biopsy devices market are increasing level of awareness. The American Cancer Society, Inc, advises men and women to attend self-awareness exams conducted through the year, which helps individual to detect any change in their breast which would be further diagnosed by the physician. Higher incidence of breast cancer is also attributed to increasing exposure to toxic chemicals. According to Occupational Safety and Health Agency (OSHA) and the National Institute of Occupational Safety and Health (NIOSH), in the U.S., around 50,000 workers die each year as a result of past exposure to hazardous agents. However, high procedure cost and side effects such as bleeding and infections post-procedure are some of the factors restraining market growth for breast biopsy devices.

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VABB and fine aspiration needles contribute major share in breast biopsy devices market

The global breast biopsy devices market is segmented on the basis of product type, procedure type, technology, end user, and geography. On the basis of product type, the market is divided into biopsy needles, biopsy tables, biopsy wires, and guidance systems.

On the basis of procedure type, the market is segmented into fine needle aspiration (FNA) biopsy, core needle biopsy, surgical biopsy and biopsy markers. Core needle biopsy is sub-segmented into stereotactic core needle biopsy, vacuum-assisted biopsies and magnetic resonance imaging biopsy guidance; surgical biopsy is sub-segmented into incisional biopsy and excisional biopsy.

On the basis of guidance technology, the market is divided into ultrasound-guided, mammography-guided and magnetic resonance.

On the basis of end user, the market is classified into hospitals, ambulatory surgical centers, diagnostic centers, research laboratories, and others.

Regional segmentation by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounts for the largest market share, mainly due to presence of major players and early adoption of advanced medical technologies in countries such as the U.S. and Canada. In 2015, according to Susang Komen—a non-profit organization that focuses on breast cancer awareness—there were over 2.3 million breast cancer cases diagnosed in the U.S. According to The European Breast Cancer Coalition, in EU-28 361,600 cases of breast cancer were reported in 2012, and 1 in 8 women in the EU-28 are projected to develop breast cancer before the age of 85. Europe is the second-largest market, owing to large target population—especially comprising elderly people who are more susceptible to diseases due to weakening immune system—along with high acceptance of VABB devices for diagnosis of breast cancer. Growing disposable income and increasing awareness level among the populace in Asia Pacific, along with a large population base is expected to position Asia Pacific as a high growth market in the near future. According to International Association of Cancer Registries, in 2012, over 600,000 new breast cancer cases were reported in Asia, accounting for 39% of all breast cancers diagnosed worldwide.

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