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Biopsy Devices Market Furbishing with Top 10 Companies | High Patient Outcomes To Drive Global Industry By 2028 | Angiotech, Cardinal Health Inc., CareFusion Corporation

10-18-2021 12:32 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Biopsy Devices Market

Biopsy Devices Market

A biopsy is a medical examination commonly performed by a surgeon, interventional radiologist, or an interventional cardiologist. The procedure involves extraction of sample cells or tissues for examination, through which the presence or extent of a disease is determined. Biopsies are usually carried out to detect cancer, though their application is not restricted to it. Biopsy might be recommended for one of the following conditions:

A mammogram showing a lump or mass that indicates the possibility of breast cancer

A mole on the skin that has recently changed its shape, indicating the possibility of melanoma

Chronic hepatitis signaling the risk of cirrhosis

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There are different kind of biopsies performed for different conditions. The procedures usually require sharp tools for the removal of small amounts of tissues. Listed below are some of the common types of biopsies:

Needle biopsy

CT-guided biopsy

Bone biopsy

Bone marrow biopsy

Ultrasound-guided biopsy

Liver biopsy

Kidney biopsy

Aspiration biopsy

Skin biopsy

Surgical biopsy

In biopsy, a sample of tissue is removed using a device and then sent to a pathologist for accurate examination. The sample is then dyed and examined under a microscope to check for any abnormalities.

Significant rise in the incidence rate of cancer fueling the demand for preventive tests

High incidence rate of cancer is one of the main factors responsible for the growth of the global biopsy devices market. As per the statistics released by the World Health Organization (WHO), around 14 million new cases of cancer were reported worldwide in 2012, with the incidence rate expected to surge exponentially by around 70% over the upcoming two decades. Furthermore, growing geriatric population characterized by a weak immune system, as well as growing health awareness are leading to increased preventive screenings. These factors are inadvertently fueling the global biopsy devices market development. In addition, stringent regulations regarding labelling, designing, and performance of biopsy devices imposed on several companies, as well as high costs of these devices are the major restraining factors for the global market growth.

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Geographical Landscape

North America, followed by Europe, is projected to be the largest contributor to the global biopsy devices market growth, in terms of revenue. However, Asia Pacific is likely to stand out as the fastest-growing market for biopsy devices over the forecast timeline, due to rampant increase in government spending on healthcare infrastructure, mostly in the emerging economies of the region, such as India and China.

Global Biopsy Devices Market Segmentation

Based on of product type, the global biopsy devices market is classified as:

Needle based biopsy devices (disposable and reusable)

Vacuum-assisted Biopsy (VAB) Devices

Fine Needle Aspiration Biopsy (FNAB) Devices

Core Needle Biopsy (CNB) devices

Biopsy curettes

Biopsy Brushes

Biopsy Punches

Biopsy forceps

General Biopsy Forceps

Hot Biopsy Forceps

Automated biopsy devices

Biopsy Guidance Systems

Manual

Robotic

Owing to factors such as ease of use and wide availability, the needle-based biopsy devices segment is expected to hold the largest market share over the forecast period.

In terms of technology, the global biopsy devices market is segmented into:

Ultrasound-guided

Mammography-guided

Magnetic resonance

CT scan

Stereotactic-guided biopsy

The global biopsy devices market consists of various end users, including:

Hospitals

Ambulatory surgical centers

Diagnostic centers

Research laboratories

Others

On the basis of anatomy, the global biopsy devices market is segmented into:

Breast

Gastrointestinal (GI)

Prostate

Liver

Lung

Kidney

Gynecological

Others (thyroid, pancreas, and gall bladder)

Key Players of the Global Biopsy Devices Market include:

Boston Scientific Carefusion

Cook Medical

C R Bard

Devicor Medical Products

Hologic

Intact Medical Corporation

Precision Biopsy, LLC

Scion Medical Technologies LLC

Integra LifeSciences Corporation

Creganna

Focal Therapeutics, Inc.

Argon Medical Devices, Inc.

Becton, Dickinson and Company

Key Developments

The leading market contenders are focused on implementing various business strategies, such as mergers and acquisitions, product launches, etc. in order to expand their product portfolio and enhance their market presence. For instance, in January 2019, IZI Medical Products acquired Quick-Core biopsy and breast localization needle assets from Cook Medical. In August 2017, Hologic Inc., a U.S.-based medical technology company, launched Brevera breast biopsy system, with the CorLumina technology. The company further acquired Focal Therapeutics Inc., a medical device company, for US$ 125 million in September 2018. This acquisition reinforced the company’s position in the global biopsy devices market.

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Coherent Market Insights
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Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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