Breast Biopsy Market Growth Analysis: Size, Share, and Forecast Report for 2024-2033

The Business Research Company recently released a comprehensive report on the Global Breast Biopsy Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The breast biopsy market size has grown strongly in recent years. It will grow from $1.33 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to the growing prevalence of breast cancer, the rising aging population, growing awareness programs, increasing healthcare expenditure, and a shift toward outpatient and ambulatory settings.

The breast biopsy market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to the infrastructural development in the healthcare sector, growth of personalized medicine, increasing healthcare access in developing regions, regulatory support and reimbursement policies, and a rise of telemedicine and remote diagnostics. Major trends in the forecast period include integration of robotics in biopsy procedures, growth in home-based biopsy kits, rising importance of genomic biopsies, focus on patient-centered care models, integration of blockchain for data security, and focus on post-biopsy monitoring tools.

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Market Drivers and Trends:

The growing prevalence of breast cancer is expected to propel the growth of the breast biopsy market going forward. Breast cancer is a malignant tumor that forms in the cells of the breast tissue and can spread to other parts of the body if not treated promptly. The prevalence of breast cancer is attributed to factors such as increased life expectancy, improved detection methods, and rising awareness about the disease. A breast biopsy is used to obtain tissue samples from suspicious areas in the breast to diagnose and determine the characteristics of breast cancer. For instance, in January 2023, according to the American Cancer Society, a US-based non-profit organization, the number of new invasive breast cancer cases in American women rose from approximately 281,550 in 2021 to 297,790 in 2023. Therefore, the growing prevalence of breast cancer is driving the growth of the breast biopsy market.

Major companies operating in the breast biopsy market are focusing on developing innovative solutions, such as a vacuum-assisted breast biopsy system, to provide better care for patients with benign lesions. A vacuum-assisted breast biopsy system is a medical device that uses suction to remove multiple tissue samples from a suspicious breast area through a single insertion of a needle. For instance, in August 2022, Devicor Medical Products, Inc., a US-based medical device company, launched the Mammotome Revolve EX Dual Vacuum-Assisted Breast Biopsy System. It features a dual vacuum mechanism for enhanced tissue collection, offering high-volume sampling and improved accuracy. Its ergonomic design includes a rotating probe for excellent maneuverability and a single insertion process to minimize patient discomfort. Additionally, the system provides real-time imaging integration for precise targeting and efficient biopsy procedures.

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Major Key Players of the Market:

Medtronic PLC, Siemens Healthineers AG, Fujifilm Holdings Corporation, Becton Dickinson and Company (BD), Koninklijke Philips, GE HealthCare Technologies Inc., Hologic Inc., The Cooper Companies Inc., Merit Medical Systems, Argon Medical Devices, Canon Medical Systems Corporation, Devicor Medical Products Inc., Mermaid Medical Group, Planmed Oy, Menarini-Silicon Biosystems, Seno Medical Instruments Inc., Surgical Innovations Group, Sterylab Srl, Dilon Technologies Inc., INRAD Inc., Promaxo Inc.

Breast Biopsy Market 2024 Key Insights:

• The breast biopsy market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Rising Breast Cancer Cases Drive Increasing Demand For Breast Biopsy Procedures
• nnovative Dual Vacuum-Assisted Breast Biopsy System Enhances Precision And Patient Comfort
• North America was the largest region in the breast biopsy market in 2023

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