Aspiration and Biopsy Needles Market Booming Worldwide With Leading Key Players - Boston Scientific Corporation, Medtronic plc & Stryker Corporation.

The Aspiration and Biopsy Needles Market is projected to grow at a robust CAGR of 6.8% from 2024 to 2031.

Fine needle aspiration (FNA) is a biopsy technique where a thin needle is inserted into abnormal tissue or body fluid to collect a sample. This procedure helps diagnose or exclude cancer by analyzing the collected sample. FNA is generally safe and is one of the standard needle biopsy methods, alongside core needle biopsy.

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Market Trends:

The global aspiration and biopsy needles market is expanding due to several key factors. The increasing incidence of various cancers is a major driver of market growth. According to the World Health Organization (WHO), new cancer diagnoses are expected to rise from 12.7 million in 2008 to 21.4 million by 2030. Additionally, cancer was responsible for 9.6 million deaths worldwide in 2018. This surge in cancer cases is prompting governments and health ministries to invest more in medical equipment and initiatives to improve clinical awareness.

Market Segmentation:

By Product Type: Core needle, Fine needle.

By Application: Breast Biopsy, Lung Biopsy, Prostate Biopsy, Bone and Bone Marrow Biopsy.

By Procedure: Image Guided, Non-Image Guided, Others.

By End user: Hospitals, Diagnostic centres, Research Institutes, Clinics.

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Competitive Landscape:

• Olympus Corporation
• Boston Scientific Corporation
• Medtronic plc
• Stryker Corporation
• Becton
• Dickinson and Company
• Argon Medical Devices, Inc.
• CONMED Corporation
• Merit Medical Systems, Inc.
• Sterylab s.r.l.

Regional Analysis:

The global Aspiration and Biopsy Needles Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Aspiration and Biopsy Needles Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Key Developments:

On September 2018, Olympus announced that it had received FDA clearance for its new EZ Shot 3 Plus 25 G EUS Needle. This innovation enhances maneuverability and includes a predictability feature that forecasts the trajectory and echogenicity of the needle. The EZ Shot 3 Plus line offers expanded indications for fine needle aspiration (FNA) and fine needle biopsy (FNB).

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