Press release
Biopsy Market is projected to witness substantial growth, with market size expected to reach USD 61.05 Bn. by 2029, growing at a CAGR of 11.14% from 2022 to 2029
Biopsy Market
The comprehensive market research report provides industry stakeholders with a clear understanding of the Global Biopsy Market dynamics, market size, and trends. It includes an analysis of key players, market leaders, followers, and new entrants, utilizing tools such as PORTER and PESTEL analysis. The report also presents a competitive analysis of key players based on factors such as product, price, financial position, product portfolio, growth strategies, and regional presence.
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The market report provides a detailed analysis of the Global Biopsy Market segmented by product, type, and application. The product segment includes Instruments, Kits and Consumables, and Services. Among these, the Kits and Consumables segment held the largest market share of 60.0% in 2021 and is expected to maintain its dominance until 2029. This segment's growth can be attributed to its critical role in various stages of biopsies and significant investments by major industry players. The increasing global demand for efficient, precise, and rapid biopsy tools and kits also contributes to the segment's expansion.
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What are Biopsy Market Dynamics?
Technological Advancements: Advancements in technology play a significant role in shaping the biopsy market. Innovations in biopsy devices, imaging techniques, molecular testing, and liquid biopsies have improved the accuracy, efficiency, and safety of biopsy procedures. Technological advancements enable early and accurate cancer diagnosis, leading to improved patient outcomes.
Increasing Cancer Incidence: The rising prevalence of cancer worldwide is a major driver for the biopsy market. The increasing number of cancer cases, including breast cancer, lung cancer, colorectal cancer, and prostate cancer, creates a growing demand for biopsy procedures for diagnosis, staging, and treatment planning.
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Liquid Biopsies: Liquid biopsies have gained significant attention in the biopsy market. These non-invasive tests analyze circulating tumor cells, cell-free DNA, and other biomarkers present in bodily fluids, such as blood, urine, or saliva. Liquid biopsies offer advantages over traditional tissue biopsies, including minimal invasiveness, real-time monitoring, and potential for early cancer detection.
Government Initiatives and Awareness Programs: Government initiatives and awareness programs aimed at early cancer detection and diagnosis contribute to the growth of the biopsy market. These programs raise awareness about the importance of regular screenings and biopsy procedures, leading to increased patient participation and demand for biopsy services.
What are Biopsy Market regional insights?
In terms of regional insights, North America dominates the Global Biopsy Market, with the United States being a major contributor to regional revenue. North America held the largest market share of 40% in 2021 and is expected to continue its lead during the forecast period. Factors driving the market in this region include the increased adoption of technologically advanced equipment for early diagnosis and the demand for less invasive procedures. Asia Pacific is projected to experience rapid growth at a CAGR of 29.1% from 2022 to 2029, driven by the rising prevalence of cancer, increased awareness about cancer screening programs, and favorable reimbursement and payer networks.
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What is Biopsy Market Segmentation?
by Product
• Instruments
• Kits and Consumables
• Services
by Type
• Tissue Biopsies
• Liquid Biopsies
• Others
by Application
• Breast Cancer
• Colorectal Cancer
• Cervical Cancers
• Lung Cancers
• Prostate Cancers
• Skin Cancers
• Blood Cancers
• Kidney Cancers
• Liver Cancers
• Pancreatic Cancers
• Ovarian Cancers
• Others
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Who are Biopsy Market Key Players?
• Qiagen N.V.
• Illumina, Inc.
• ANGLE Plc
• BD (Becton, Dickinson and Company)
• Myriad Genetics
• Hologic, Inc.
• Biocept, Inc.
• Thermo Fisher Scientific, Inc.
• Danaher
• F. Hoffmann-La Roche Ltd.
• Lucence Diagnostics Pte. Ltd.
• GRAIL, Inc.
• Guardant Health
• Exact Sciences Corporation
• Freenome Holdings, Inc.
• Biodesix (Integrated Diagnostics)
• Oncimmune
• Epigenomics AG
• HelioHealth (Laboratory for Advanced Medicine)
• Genesystems, Inc. (Genesys Biolabs)
Table of content for the Biopsy Market includes:
1. Global Biopsy Market: Research Methodology
2. Global Biopsy Market: Executive Summar
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Biopsy Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Biopsy Market Segmentation
• Global Market, by Product(2021-2029)
• Global Market, by Type(2021-2029)
• Global Market, by Application (2021-2029)
5. Regional Biopsy Market(2021-2029)
• Regional Market, by Product(2021-2029)
• Regional Market, by Type(2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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