Aspiration & Biopsy Needles Market is anticipated to reach USD 1,901 Million, growing at a rate of 7.9% from 2022 to 2031

The global aspiration & biopsy needles market size was USD 889 Mn in 2021 and is anticipated to reach USD 1,901 Mn in 2031, growing at a rate of 7.9% from 2022 to 2031.

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Global Aspiration & Biopsy Needles Market report from Global Insight Services is the single authoritative source of intelligence on Aspiration & Biopsy Needles Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A needle biopsy is a procedure to obtain a sample of cells from the body for laboratory testing. Common needle biopsy procedures comprise fine-needle aspiration and core needle biopsy. Needle biopsy may be used to take tissue or fluid samples from muscles, bones, and other organs, such as the liver or lungs. The sample from needle biopsy may assist the doctor to determine what's causing a mass or lump, an infection, and inflammation. One may undergo imaging tests, such as the computerized tomography (CT) scan or an ultrasound, before needle biopsy. Sometimes these tests are used during the needle biopsy procedure to more accurately locate the area to be biopsied.

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Global Aspiration & Biopsy Needles Market Drivers

Rising prevalence of cancer

Worldwide, there has been a significant rise in the number of people suffering from cancer. This can be indorsed to a number of factors, like lifestyle changes, unhealthy diets, and growing tobacco consumption. According to estimates from the International Agency for Research on Cancer (IARC), in 2018, there were 17.0 million new cancer cases and 9.5 million cancer deaths across the globe. By 2040, the global burden is anticipated to grow to 27.5 million new cancer cases and 16.3 million cancer deaths, majorly due to the growth and aging of the population.

Impact of COVID-19 on Aspiration & Biopsy Needles Market

The COVID-19 pandemic has resulted in a significant drop in cancer screening, cancer management visits, and cancer biopsy procedures worldwide. As a result of forced lockdowns, cancer screening services were disrupted to some extent, which ultimately minimized the demand for biopsy needles. The repercussions of delayed cancer detection owing to COVID-19 were investigated in a study undertaken in the UK and published in Lancet Oncology in March 2021.

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The study covered data from over 100,000 people with breast, colorectal, oesophageal, or lung cancer. It found that 1- and 5-year cancer survival rates will be severely reduced because of the outbreak of COVID-19, due to the reduction in diagnostic biopsies and lack of availability of screening services. Conversely, numerous physician reports from the US have observed a growing number of screening appointments during the last quarter of 2020, which is expected to boost continually.

Market Players of Global Aspiration & Biopsy Needles Market

The key players in the global aspiration & biopsy needles market are CONMED Corporation, Medtronic Plc, Olympus Corporation, Becton, Dickinson and Company, Boston Scientific Corporation, Cook Group Incorporated, Argon Medical Devices, Inc, INRAD Inc., Somatex Medical Technologies, Stryker Corporation among others.

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