Press release
Fusion Biopsy Market Size to Exceed $1,677.18 Million by 2034, Expanding at a CAGR of 8.6%
Fusion Biopsy Market OverviewFusion Biopsy Market Insights, Size, Revenue, Outlook, Overview, and Analysis. The fusion biopsy market size was valued at USD 736.69 million in 2024. It is projected to grow to USD 1,677.18 million by 2034, exhibiting a CAGR of 8.6% during 2025-2034.
Market Definition
Fusion biopsy is an advanced medical imaging technique used primarily to detect and diagnose prostate cancer. It combines images from two different sources, magnetic resonance imaging (MRI) and transrectal ultrasound (TRUS), to develop a detailed, real-time view of the prostate. MRI scans can detect suspicious areas that may not be visible on ultrasound alone. The MRI images are then combined with live ultrasound images during the biopsy procedure, enabling doctors to target abnormal regions for tissue sampling precisely. This targeted approach enhances the chances of detecting clinically significant cancers while reducing the risk of overdiagnosing low-risk cases. As a minimally invasive procedure, fusion biopsy is typically performed under local anesthesia and is considered a major advancement in prostate cancer diagnosis.
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Market Drivers
Rising Prevalence of Prostate Cancer:
The rising prevalence of prostate cancer globally is a major market driver. With prostate cancer being one of the most common cancer types affecting men, the demand for early and accurate diagnostic tools is on the rise. Fusion biopsy overcomes the limitations of traditional biopsy methods by offering improved precision in targeting these lesions, which impacts the fusion biopsy market expansion favorably.
Technological Advancements in Imaging:
Continuous innovations in MRI and ultrasound systems, along with the introduction of sophisticated software, offer clinicians the ability to visualize prostate anatomy and identify suspicious areas with greater clarity. The integration of real-time imaging with biopsy guidance systems allows for more precise targeting of biopsy needles, lowering the risk of missing cancerous tissue.
Market Key Players
The market has the presence of both established players and new entrants. A few of the key players profiled include
• BK Medical Holding Company, Inc.
• Eigen
• ESAOTE S.p.A.
• Exact Imaging
• Focal Healthcare
• Hitachi, Ltd.
• KOELIS
• Koninklijke Philips N.V.
• MedCom
Fusion Biopsy Market Report Highlights:
• By biopsy route, transrectal segment has been the dominant route in the fusion biopsy market. This is attributed to the fact that many commercially available fusion biopsy systems are designed for the transrectal approach.
• By end use, hospitals constitute the largest market share in the fusion biopsy market. This is due to their well-established infrastructure, availability of advanced equipment like MRI scanners, and the presence of specialized medical staff.
• By region, North America currently holds a prominent position in the fusion biopsy market. Asia Pacific is emerging as the region with the highest growth rate in the fusion biopsy market.
• Key players in the Fusion Biopsy market include BK Medical Holding Company, Inc., Eigen, ESAOTE S.p.A., Exact Imaging, Focal Healthcare, Hitachi, Ltd., KOELIS, Koninklijke Philips N.V., and MedCom.
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Segmental Overview
By Biospy Route Outlook (Revenue-USD Million, 2020-2034)
• Transrectal
• Transperineal
By End Use Outlook (Revenue-USD Million, 2020-2034)
• Hospitals
• Diagnostic Centers
• Ambulatory Care Centers
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Regional Analysis
• By region, the report offers market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• North America holds a leading position in the global market, driven by the region's high awareness of prostate cancer, advanced healthcare infrastructure, and the presence of leading market participants.
• Asia Pacific is registering the highest growth rate, driven by increasing healthcare expenditures, an aging population, and rising medical tourism in the region.
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Report Scope
This comprehensive study provides an accurate overview of the global fusion biopsy market. In-depth analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by biopsy route, end use, and region in the study, which offers a comprehensive picture of the state of the market.
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