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Smart Biopsy Devices Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Smart Biopsy Devices Global Market
The smart biopsy devices market size is expected to see strong growth in the next few years. It will grow to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to personalized medicine growth, advancements in imaging modalities, rise in biopsy for biomarker analysis, market entry of new players, enhanced data connectivity. Major trends in the forecast period include robot-assisted biopsies, ai-driven biopsy assistance, development of wireless biopsy tools, portable and handheld devices, real-time guidance systems.
Market Overview -
Smart biopsy devices refer to intelligent instruments intended to increase the precision and efficiency of tissue samples during medical procedures. It has features like image guidance, real-time feedback, or robotic help to improve diagnostic capabilities and patient outcomes. It is used for diagnosing cancer and delivering therapeutic drugs.
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Surging Cancer Cases To Drive Market Growth
The rising cancer cases are expected to propel the growth of the smart biopsy devices market going forward. Cancer is a broad category of illnesses that can develop in nearly any organ or tissue in the body when aberrant cells proliferate uncontrollably, cross their usual boundaries, and either spread to other organs or invade neighboring body parts. The rising number of cancer cases increased the need for precise and focused tissue samples. This has sparked the creation and advancement of smart biopsy instruments with better molecular, imaging, and precision capabilities to aid diagnosis and treatment planning. For instance, in October 2022, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2021, 1.58 million new cancer cases were diagnosed in Australia, an increase from 1.54 million new cancer cases in 2020. Therefore, the rising cancer cases are driving the growth of the smart biopsy device market.
Competitive Landscape -
Major companies operating in the smart biopsy devices market report are Cardinal Health Inc, General Electric Company, Medtronic Plc, Danaher Corporation, Canon Medical Systems Corporation, Toshiba Corporation, Siemens Healthineers, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Becton Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., Hologic Inc., Cook Medical Inc., CONMED Corporation, Leica Biosystems, Argon Medical Devices Inc., Esaote SpA, SOMATEX Medical Technologies GmbH, Planmed Oy, TSK Laboratory Europe B.V., ZAMAR CARE, DTR Medical Ltd., INRAD Inc., Sterylab Srl, EndoMed Systems GmbH
Technological Innovations Transforming The Smart Biopsy Devices Market
Technological innovation has emerged as a key trend gaining popularity in the smart biopsy devices market. Major companies operating in the smart biopsy device market are concentrating on creating innovative products to strengthen their position in the market. For instance, in April 2021, IZI Medical Products LLC, a US-based medical devices company, launched the Quick-Core Auto Biopsy System (Quick-Core Auto Technology) for soft tissue biopsy. It is portable, utterly automatic biopsy equipment that builds on the success of IZI's semi-automatic Quick-Core biopsy gadget. It provides the same level of dependability, accuracy, and quality. The Quick-Core Biopsy Needle is lightweight and compact, allowing one-handed use during procedures.
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Key Segments -
The smart biopsy devices market covered in this report is segmented -
1) By Product: Needle-Based Biopsy Instruments, Procedure trays, Localization Wires, Other Products
2) By Guidance Technique: Ultrasound-Guided Biopsy, Stereotactic-Guided Biopsy, Magnetic Resonance Imaging-Guided Biopsy, Other Guidance Techniques
3) By Application: Breast Cancer, Skin Cancer, Liver Cancer, Prostate Cancer, Other Applications
4) By End-User: Hospitals, Academic And Research Institutes, Diagnostic And Imaging Centers
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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