Biopsy Devices Market 2018-2024 Research Report by Top Manufacturers Like Becton, Dickinson and Company, Medtronic, B. Braun Melsungen AG, DTR Medical, Argon Medical Devices, Olympus Corporation, and Cardinal Health
Biopsy Devices Market will reach over USD 3.0 billion by 2024.Growing prevalence of cancer and rising elderly population will act as high impact rendering factors for growth of biopsy devices market. High adoption of unhealthy food habits coupled with sedentary lifestyle has elevated number of cancer patients, thereby affecting the market growth.
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Presence of untapped opportunities in developing countries of Asia Pacific and surging demand for advanced diagnostic procedures will drive biopsy devices market growth. Development of healthcare infrastructure along with technological advancements will boost industry growth over the forecast timeframe.
Biopsy guidance system segment dominated the industry in 2017 and is estimated to witness 7.1% CAGR during the forecast period. Technologically advanced biopsy guidance systems such as Hologic's Affirm breast biopsy guidance system currently present in the market delivering simplified user interface to assist in providing faster biopsy with lesser number of steps and reduced patient dose should support business expansion during the analysis period.
Biopsy needles segment is further bifurcated into disposable and reusable biopsy needles. Disposable needles segment held more than 65% share and is anticipated to grow by 5.6% CAGR during the analysis period due to lower adverse effects associated with the use of disposable needles.
Hospitals end-user segment dominated the industry in 2017 due to large number of biopsy procedures performed at the facility. Furthermore, presence of latest technologically advanced biopsy devices with highly skilled healthcare professionals at hospitals should positively impact segment growth. Ambulatory surgical centers segment is estimated to grow at 9.0% CAGR during the forecast period due to growing preference and cost-effectiveness offered by this facility.
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U.S. biopsy devices market held largest market share in 2017 and is forecasted to witness similar trend during the forecast period owing to high incident rate of cancer and favorable reimbursement policies such as Medicare reimbursement for vacuum assisted biopsy procedures. High technological adoption and presence of major industry players should favor growth of U.S. biopsy devices market during the forecast period.
Some of the major market players operating in global biopsy devices market are: C.R. Bard, DTR Medical, Medtronic, B. Braun Melsungen AG, Becton, Dickinson and Company, Argon Medical Devices, Cardinal Health and Olympus Corporation. Market players are focusing their efforts on R&D to develop advanced biopsy devices. Companies are undertaking several initiatives to capture significant market share of untapped markets present in developing regions.
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Partial Table of Contents (ToC) of the report:
Chapter 4. Biopsy Devices Market, By Product
4.1. Key segment trends
4.2. Biopsy guidance systems
4.2.1. Market size, by region, 2013-2024 (USD Million)
18.104.22.168. Market size, by region, 2013-2024 (USD Million)
22.214.171.124. Market size, by region, 2013-2024 (USD Million)
4.3. Needle based biopsy guns
4.3.1. Market size, by region, 2013-2024 (USD Million)
4.3.2. Vacuum-assisted Biopsy (VAB) Devices
126.96.36.199. Market size, by region, 2013-2024 (USD Million)
4.3.3. Fine Needle Aspiration Biopsy (FNAB) Devices
188.8.131.52. Market size, by region, 2013-2024 (USD Million)
4.3.4. Core Needle Biopsy (CNB) devices
184.108.40.206. Market size, by region, 2013-2024 (USD Million)
4.4. Biopsy needles
4.4.1. Market size, by region, 2013-2024 (USD Million)
220.127.116.11. Market size, by region, 2013-2024 (USD Million)
18.104.22.168. Market size, by region, 2013-2024 (USD Million)
4.5. Biopsy forceps
4.5.1. Market size, by region, 2013-2024 (USD Million)
4.5.2. General Biopsy Forceps
22.214.171.124. Market size, by region, 2013-2024 (USD Million)
4.5.3. Hot Biopsy Forceps
126.96.36.199. Market size, by region, 2013-2024 (USD Million)
4.6.1. Market size, by region, 2013-2024 (USD Million)
188.8.131.52. Market size, by region, 2013-2024 (USD Million)
184.108.40.206. Market size, by region, 2013-2024 (USD Million)
220.127.116.11. Market size, by region, 2013-2024 (USD Million)
Chapter 5. Biopsy Devices Market, By End-User
5.1. Key segment trends
5.2.1. Market size, by region, 2013-2024 (USD Million)
5.3. Ambulatory surgical centers
5.3.1. Market size, by region, 2013-2024 (USD Million)
5.4.1. Market size, by region, 2013-2024 (USD Million)
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