Aspiration & Biopsy Needles Market is Anticipated to Reach USD 1,901 Mn in 2031 | CONMED Corporation, Medtronic Plc, INRAD Inc.

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.

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.

The incidence of cancer is the highest in more-developed regions, but mortality is relatively higher in less-developed countries owing to a lack of access to treatment facilities coupled with the lack of awareness regarding the benefits of early detection. According to the American Cancer Society, about 9.6 million people die from cancer every year, and 70% of cancer deaths occur in low-to-middle income countries like China and India; these proportions are expected to grow further by 2025. With the increasing prevalence of cancer in major regions across the globe, the demand for effective cancer diagnosis is anticipated to increase in the upcoming years. This, in turn, is expected to support the growth of the aspiration and biopsy needles market during the forecast period.

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Global Aspiration & Biopsy Needles Market Opportunities

Emerging economies

Emerging economies (such as India, China, Brazil, and Mexico) are anticipated to offer significant growth opportunities for players operating in the aspiration and biopsy needles market. This can be attributed to improvements in the standard of living, the presence of a huge target population base (as a result of the rising prevalence of cancer), improvements and developments in the healthcare infrastructure, rising healthcare expenditure, and the transformation of healthcare research facilities in these countries. Adding to that, the rapid economic development coupled with rising healthcare expenditure in these emerging countries have improved access to quality healthcare, including quality cancer care.

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Market Segments

By Product Type

Biopsy Needles
CNB Needles
VAB Needles
Aspiration Needles

By Application

Tumor/ Cancer Application
Breast Cancer
Lung Cancer
Colorectal Cancer
Prostate Cancer
Kidney Cancer
Bone & Bone Marrow Cancer
Other Cancer
Wound Application
Other Application

By Procedure

Image-guided Procedures
Ultrasound-guided Procedures
Stereotactic Procedures
CT-guided Procedures
MRI-guided Procedures
Other Image-guided Procedures
Nonimage-guided Procedures

By End User

Hospitals & Surgical Centers
Diagnostic Clinics & Pathology Laboratories
Ambulatory Care Centers
Research & Academic Institutes

By Region

North America
Europe
Asia Pacific
Rest of the World

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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, Cardinal Health, Remington Medical, Ranfac Corporation, HAKKO CO., LTD, and Merit Medical Systems among others.

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