Global Biopsy Devices Market: Trends, Growth, and Forecast 2024-2031

Report Overview
Global Biopsy Devices Market is expected to grow at a CAGR of 7.2% during the forecast period 2024-2031

A biopsy involves extracting tissue from any part of the body for disease examination. The procedure varies, with some involving the removal of a small tissue sample using a needle, while others may require surgical removal of a suspicious lump or nodule. Tissue samples can be obtained from any body part. The methods of performing biopsies are diverse, ranging from needle-based tissue extraction to surgical removal of an entire suspicious lump or nodule.

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Biopsy Devices Market Trends

The market growth is expected to be driven by the rising preference for minimally invasive procedures.

There is a significant increase in the demand for minimally invasive biopsy procedures in the market. Various types of technologies and products, such as biopsy guiding systems, needle-based biopsy guns, and vacuum-assisted devices, are anticipated to witness high growth during the forecast period.

Moreover, the growing awareness about breast cancer and the importance of early detection will support the expansion of the biopsy devices market size in the coming years. Many countries have programs in place for the early detection of breast cancer.

Such initiatives are expected to accelerate the adoption rate of biopsy devices, thereby positively impacting the growth of the biopsy devices industry in the forecast period. Biopsy has been one of the primary techniques for diagnosing cancer disorders and is widely used in the detection of breast, skin, and prostate cancer. According to the World Cancer Report, cancer rates could further increase by 50% to 15 million new cases by 2020.

Therefore, with the increasing incidence of cancer cases and advancements in biopsy devices, the market is expected to grow in the forecast period. The increasing government initiatives to prevent the spread of cancer and the adoption of modernized healthcare infrastructure are also favoring the growth of the market in the forecast period.

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Market Segmentation

By Body Part
Breast Biopsy Devices
Colorectal Biopsy Devices
Lung Biopsy Devices
Liver Biopsy Devices
Others

By Application
Gynecology
Urology
Interventional Cardiology
Interventional Oncology
Other

By Biopsy Type
Stereotactic
Needle Based
MRI Based
X-Ray Based
Others

By End User
Hospital
Ambulatory Center
Cancer Center

Market Key Players
Major players are Becton, Dickinson and Company, Hologic Inc., Devicor Medical Products Inc., Cook Medical, Boston Scientific Corporation, Intact Medical Corporation, Gallini Medical, TSK Laboratory Europe BV, Argon Medical Devices, and Medtronic.

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