Smart Biopsy Devices Market Strategies 2024-2033 - Size, Growth Analysis, Outlook, Overview

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Smart Biopsy Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.78 billion In 2028 At A CAGR Of 6.5%.

The smart biopsy devices market size has grown strongly in recent years. It will grow from $2.73 billion in 2023 to $2.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased cancer cases, demand for minimally invasive procedures, innovations in medical devices, improved diagnostic accuracy.

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.

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Smart Biopsy Devices Market Major 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 Driver - 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.

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Prominent Trend - 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.

Smart Biopsy Devices Market Players
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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the smart biopsy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the smart biopsy devices market report during the forecast period. The regions covered in the smart biopsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Biopsy Devices Market Report Structure
3. Smart Biopsy Devices Market Trends And Strategies
4. Smart Biopsy Devices Market - Macro Economic Scenario
5. Smart Biopsy Devices Market Size And Growth
…..
27. Smart Biopsy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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