Biopsy Devices Market is set to Witness Huge Demand at a CAGR of 7.3% during the Forecast Period 2029

Global Biopsy Devices Market was valued at USD 3.67 billion in 2021 and is expected to reach USD 3.96 billion by 2029, registering a CAGR of 7.3% during the forecast period of 2022-2029.

Industry Analysis

Over, the years, the burden of various types of cancer has significantly increased. Cancer accounted for nearly 10 million deaths across the globe, in 2020. Surging cases of various types of cancers globally is further resulting in increased demand for effective treatment and rising awareness regarding the availability of diagnostic and screening procedures. Owing to the extensive applications of biopsy devices, the demand for these devices will substantially growth over the forecasted period. The "Breast biopsy" accounts for the largest application segment in the biopsy devices market within the forecasted period owing to the surging prevalence of breast cancer and growth in awareness about the disease. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Biopsy is a medical procedure that evaluates and removes cancerous tissue from the body. When a patient is suspected of having cancer, the test is utilized to obtain tissue samples for illness diagnosis. Cancer diagnosis includes skin biopsy, vacuum biopsy, incision and excision biopsy, needle biopsy, fine needle aspiration, and shave biopsy.

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Global Biopsy Devices Market Scope

The biopsy devices market is segmented on the basis of product, guidance technique, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product
• Needle-Based Biopsy Instruments
• Procedure Trays
• Localization Wires
• Other Products

Guidance Technique
• Ultrasound-Guided Biopsy
• Stereotactic-Guided Biopsy
• MRI-Guided Biopsy
• Other Guidance Techniques

Application
• Breast Biopsy
• Lung Biopsy
• Colorectal Biopsy
• Prostate Biopsy
• Other Applications

End User
• Hospitals
• Academic and Research Institutes
• Diagnostic and Imaging Centres

Competitive Landscape and Biopsy Devices Market Share Analysis

The biopsy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biopsy devices market.

Some of the major players operating in the biopsy devices market are

• BD, (U.S.),
• Cook (U.S.),
• Devicor Medical Products, Inc., (U.S),
• Leica Biosystems Nussloch GmbH (Germany),
• Argon Medical Devices Inc., (U.S.),
• B. Braun Melsungen AG (Germany),
• Cardinal Health (U.S.),
• Olympus Corporation (Japan),
• Boston Scientific Corporation (U.S.),
• FUJIFILM Holdings Corporation (Japan),
• INRAD, Inc. (U.S.),
• Medtronic (Ireland)
• Among others.

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