Biopsy Device Market Global Industry Analysis and Forecast Till 2026
The global market for biopsy devices is expected to exhibit a single digit CAGR over the forecast period (2016-2026).
Biopsy Device Market: Drivers and Restraints
The global biopsy market will experience a considerable growth over the forecast period driven by increasing prevalence of cancer cases, growing demand for minimally invasive biopsy procedures, rapidly aging global population. Growing public awareness about various diseases, advancements in biopsy procedures and the need for screenings conducted for early diagnosis and treatment of various diseases are also expected to fuel the global biopsy device market.
Factors responsible for restraining the growth of global biopsy devices market include, clinical issues in the core needle biopsy, stringent regulation and standards for the use of biopsy and increasing complaints regarding the breast cancer screening procedure. Moreover, high cost of biopsy devices is impeding the growth of global biopsy devices market.
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Biopsy Device Market: Segmentation
Global Biopsy Device Marketis segmented on the basis of product, type, application, end use and geography as following:
Core Needle Biopsy
Fine Needle Biopsy
Genetic fingerprinting and sex determination
By End User
Pharmaceutical and Biotechnology Industry
Academic Research Institute
Contract Research Organizations
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Biopsy Device Market: Overview
With rising incidence of diseases, rapid technological advancements in medical field, and increased spending in research and development, the global biopsy device market is expected to have a robust growth during the forecast period (2016-2026).
Biopsy Device Market: Region- wise Outlook
The global market for Biopsy Device is expected to register a healthy CAGR during the forecast period. Depending on geographic regions, global Biopsy Device market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
In terms of region North America holds the largest share in the global biopsy device market owing to rising geriatric population with different disease indication especially rising prevalence of cancer and increasing demand for minimally invasive procedures. Europe holds the second largest market for biopsy devices owing to adoption of advanced technology in biotechnology and research sector and innovation technologies. However, growing prevalence of cancer among geriatric population in the developed Western European region is also expected to contribute towards the global biopsy device market growth. Asia pacific is expected to represent strong potential market growth in the biopsy devices market owing to rapid technological advancements, growing incidence of cancer and increasing awareness of various diseases among patients and physicians. In addition, regular cancer screening programs conducted by government aimed at encouraging individuals to undertake regular cancer screening and high penetration of technologically advanced devices are expected to fuel the overall biopsy device market during the forecast period.
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Biopsy Device Market: Key Players
Some of the key market players in global Biopsy Device market are Angiotech, Cardinal Health Inc, Carefusion Corporation, C.R. Bard Inc, Devicor Medical Products Inc, DTR Medical, Hologic, Inc and INRAD, Inc. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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ReportsWorldwide has announced the addition of a new report title Biopsy Devices Market to its growing collection of premium market research reports. This analysis includes a discussion of products, competitors, market forecasts, and opportunities in the global market for biopsy devices. Visit Meddevicetracker to view the latest analysis and updates for the biopsy devices market. Topics Covered Include: An overview of biopsy devices, including biopsy guidance systems, needle-based biopsy products, and other biopsy devices