Biopsy Market to reach USD 61.03 Bn by 2029, emerging at a CAGR of 11.14 percent and forecast 2023-2029

Biopsy Market Report Scope and Research Methodology

Maximize Market Research Pvt Ltd presents a detailed analysis of the Biopsy market in its latest comprehensive report. The report explores the market's past and current status, forecasts the market size, and identifies key trends. The analysis is presented in clear language, covering all aspects of the industry and offering insights into key competitors, including market leaders, followers, and new entrants.

The report employs a rigorous research methodology, encompassing PORTER analysis, PESTLE analysis, and the consideration of micro-economic factors. External and internal factors influencing the Biopsy market are thoroughly analyzed to provide stakeholders with a clear understanding of the industry's future landscape.

The Biopsy Market is poised for substantial growth, with market size expected to surge from US$ 29.14 billion in 2022 to a projected US$ 61.03 billion by 2029. The Global Biopsy Market anticipates a robust Compound Annual Growth Rate (CAGR) of 11.14% throughout the forecast period (2023 to 2029).

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Biopsy Market Dynamics:

The escalating utilization of liquid biopsies is a key driver propelling the growth of the Biopsy market. Liquid biopsies involve the analysis of biological fluids such as blood, urine, or cerebrospinal fluid, providing a non-invasive and dynamic approach to detecting and monitoring various diseases, particularly cancer. This innovative technique offers a compelling alternative to traditional tissue biopsies. In comparison to surgical procedures, the collection of biological fluids, such as blood, is less burdensome for patients

The growing emphasis on enhancing patient comfort and reducing invasiveness is significantly boosting the global appeal of biopsy procedures. This trend not only promotes patient compliance but also facilitates more frequent monitoring. Considering that lung cancer stands as a leading cause of cancer-related deaths worldwide, the development and adoption of liquid biopsy techniques are gaining momentum. These techniques offer more effective and less invasive diagnostic and monitoring methods, contributing to the expansion of the lung cancer liquid biopsy market. Importantly, this growth in the lung cancer segment further contributes to the overall advancement of the global Biopsy Market.

Biopsy Market Regional Insights:

North America commands a dominant position in the Global Biopsy market throughout the forecast period spanning from 2023 to 2029. Securing the largest market share of 40% in 2022, North America is poised to sustain its leadership through 2029. The United States plays a pivotal role in contributing substantially to the regional revenue. The market in this region is driven by the widespread adoption of technologically advanced equipment for early disease diagnosis.

Distributors and manufacturers in North America are actively exploring the creation of new kits tailored for rapid diagnostic applications. The region benefits from a heightened demand for less invasive procedures, propelled by an increasing number of cancer patients and government programs focusing on early cancer diagnosis.

Moreover, there is a substantial surge in demand for minimally invasive biopsy techniques in the market. Throughout the forecast period, a multitude of technologies and products, including biopsy guiding systems, needle-based biopsy guns, and vacuum-assisted devices, are anticipated to experience rapid growth. Given these factors, the market is projected to witness a significant upswing over the forecast period.

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Biopsy Market Segmentation:

Product Segmentation: The Kits and Consumables segment held the largest market share of 60.0% in 2022, expected to maintain dominance. Investments by major players and advancements in cancer biopsy tools contribute to the segment's growth.

Application Segmentation: The Breast Cancer segment is expected to grow rapidly at a high CAGR during 2023-2029, driven by the high incidence of breast cancer globally.

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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Biopsy Market Key Players:

1. Illumina, Inc.(U.S)
2. Quest Diagnostics (U.S)
3. Abbott Laboratories (U.S)
4. GenMark Diagnostics(U.S)
5. Bio-Rad Laboratories (U.S)
6. Agilent Technologies (U.S)
7. Biomarker Technologies (U.S)
8. Coherent, Inc. (U.S)
9. Cardinal Health (U.S)
10. BD (Becton, Dickinson and Company) (U.S)
11. Myriad Genetics (U.S)
12. Hologic, Inc. (U.S)
13. Biocept, Inc. (U.S)
14. Thermo Fisher Scientific, Inc. (U.S)
15. Danaher (U.S)
16. Guardant Health (U.S)
17. Exact Sciences Corporation (U.S)
18. Freenome Holdings, Inc. (U.S)
19. Biodesix (Integrated Diagnostics) (U.S)
20. HelioHealth (Laboratory for Advanced Medicine) (U.S)
21. Genesystems, Inc. (Genesys Biolabs)(U.S)
22. GRAIL, Inc. (U.S)
Europe
1. ANGLE Plc (U.K)
2. Oncimmune (U.K)
3. Epigenomics AG (Germany)
4. Qiagen N.V. (Netherlands)
5. F. Hoffmann-La Roche Ltd. (Switzerland)
Asia Pacific
1. Sysmex Corporation (Japan)
2. Olympus(Japan)
3. Lucence Diagnostics Pte. Ltd. (Singapore)

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Table of content for the Biopsy Market includes:

1. Global Biopsy Market: Research Methodology

2. Global Biopsy Market: Executive Summary

• 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 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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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