Smart Biopsy Devices Market Growth Opportunities to Tap into in 2022-2027

Globally, cancer is one of the major causes of fatality besides cardiovascular diseases. According to a report, over 19.2 million new cases of 36 types of cancers were reported across 185 selected countries in 2020. In addition to this, over 9.9 million cases of fatalities were also reported due to cancer in 2020. Growing consumption of tobacco and other intoxicants and carcinogenic dietary habits are some of the leading causes of cancer among people. Breast cancer is also growing in incidence among females at a concerning pace. Early diagnosis by conducting biopsies is a highly potent strategy to beat or contain cancer. To this end, the adoption of smart biopsy devices is projected to grow due to their ease of usage and higher patient convenience. This is leading the global smart biopsy devices market to sound maturity.

Growing Breast Cancer Awareness to Boost Adoption of Smart Biopsy Devices

Breast cancer is one of the fastest-growing cancers among females globally. To this end, the use of smart biopsy devices market is projected to exhibit sound expansion. This cancer is highly prominent in low and middle-income countries. One of the reasons behind higher incidence is relatively lower health awareness in the population. Governments and healthcare organisations have taken cognizance of this trend and they are focusing on making more women aware of their health. Information such as key symptoms of breast cancer and basic techniques to check for tumours is being spread. With smart biopsy devices, the diagnosis of cancer has become easier than before, subsequently strengthening the market's growth curve.

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Alarming Rise in Cancer Cases to Drive Smart Biopsy Devices Market Growth

In the past few years, the prevalence of cancer has showcased an alarming rise. Worsening diet habits, growing consumption of tobacco, and higher exposure to pollution and sunlight are some of the major causes of cancer globally. A biopsy is a key procedure used while diagnosing cancer in patients. Advancements in medical technologies are leading to better care delivery in terms of access to biopsies. Patients are creating a propensity for minimally invasive (MI) biopsy procedures. MI allows medical professionals to perform accurate biopsies while not requiring surgery, which boosts the adoption of procedures such as the MI breast biopsy technique (MIBT). These factors are boding well for the global smart biopsy devices market.

North America to Dominate Smart Biopsy Devices Market Owing to Substantial Availability of Fundings

Higher healthcare awareness and an incessant rise in cancer cases are contributing to North America's dominance in the smart biopsy devices market. In addition, the region also has a higher concentration of leading market players participating in the region. This boosts the economic activity for smart biopsy devices across North America. Countries such as USA and Canada are leading the charge in the region. Moreover, the substantial availability of funding for healthcare advancements coupled with a favourable reimbursement system is leading to sustained regional market growth.

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Major Market Players

Some of the key players in the global smart biopsy devices market include B. Braun Melsungen AG, Argon Medical, Cook Medical, Canon medical systems corporation, IMS Giotto S.p.A, INRAD, Inc., Danaher, Boston Scientific Corporation, C. R. Bard, Becton, Dickinson and Company, Intuitive Surgical, and PLANMED OY.

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