India Biopsy Devices Market to Grow at 7.59% CAGR by 2027 | IMARC Group

According to IMARC Group latest published report, titled "India Biopsy Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," that the India biopsy devices market reached a value of US$ 71.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 111.1 Million by 2027, exhibiting a CAGR of 7.59% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

A biopsy device refers to various medical equipment used for the removal of unwanted tissues that may lead to the production of carcinogen cells. Some of the commonly used biopsy devices are aspiration needles, forceps, and localization wires. These devices are primarily used in MRI-guided biopsy, stereotactic-guided biopsy, ultrasound-guided biopsy, core and vacuum-assisted biopsies, etc. As a result, biopsy devices are widely adopted across medical clinics, diagnostic centers, and hospitals.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The growing prevalence of chronic oncological ailments, such as lung cancer, breast cancer, colorectal cancer, ovarian cancer, etc., is propelling the demand for biopsy devices in India. Moreover, the rising number of diagnostic laboratories in the country is also augmenting the market growth.
Additionally, the increasing demand for minimally-invasive surgeries, along with the growing penetration of disposable biopsy devices, is further catalyzing the market in India. The rising investments in extensive R&D activities for the development of technologically-advanced products, such as vacuum-assisted guns and smart biopsy systems, are expected to further drive the market growth in the coming years.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

The report has segmented the market on the basis of procedure type, product, application, guidance technique, end user and region.

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Market Breakup by Procedure Type:

Surgical Biopsy
Needle Biopsy

Market Breakup by Product:

Biopsy Guidance Systems
Needle Based Biopsy Guns
Biopsy Needles
Biopsy Forceps
Others

Market Breakup by Application:

Breast Biopsy
Lung Biopsy
Colorectal Biopsy
Prostate Biopsy
Others

Market Breakup by Guidance Technique:

Ultrasound-guided Biopsy
Stereotactic-guided Biopsy
MRI-guided Biopsy
Others

Market Breakup by End User:

Hospitals and Clinics
Academic and Research Institutes
Others

Market Breakup by Region:

North India
West and Central India
South India
East India

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