Press release
Rising Prevalence Of Oncological Disorders Fueling The Growth Of The Market Due To Increasing Cancer Cases And Non-Invasive Diagnosis Methods: Key Factor Driving The Growth In The Virtual Biopsy Market
Virtual Biopsy
What Is the Expected Virtual Biopsy Market Size During the Forecast Period?
The market size of virtual biopsy has seen swift expansion in the last few years. With an anticipated rise from $0.63 billion in 2024 to $0.71 billion in 2025, the compound annual growth rate (CAGR) stands at 12.2%. The surge during the past years is a result of growing demand for non-intrusive diagnostic techniques, heightened inclination towards early disease identification, increasing proficiency in medical imaging software, a surge in patient convenience and comfort, as well as the increasing accessibility of telemedicine services.
Expectations are high for the virtual biopsy market to experience substantial expansion in the coming years, with projections indicating growth to $1.12 billion in 2029 with a compound annual growth rate (CAGR) of 12.0%. This anticipated growth stretching across the forecast period is linked to an increased concentration on cost-effective healthcare options, a surge in preventative healthcare measures, amplified demand for personalized medication, a rise in requests for minimally invasive cancer therapies, and the escalating importance of precision oncology. Some observed trends for this forecast duration include the evolution of imaging sensors, progressive multimodal biopsy techniques, precision through robotics integration, innovation in non-invasive biomarker detection, and synchronization with three-dimensional (3D) visualization tools.
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What Are the High-Growth Segments in the Virtual Biopsy Market?
The virtual biopsy market covered in this report is segmented -
1) By Target Thrapeutic Areas: Oncological Disorders, Neurological Disorders, Cardiovascular Disorders, Ophthalmological Disorders, Endocrine Disorders, Gastrointestinal Disorders, Other Target Therapeutic Areas
2) By Cancer Targeted: Solid Malignancies, Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Cancer, Other Cancer Targeteds
3) By Imaging Technologies: Magnetic Resonance Imaging, Computed Tomography, X-Ray, Ultrasound, Other Imaging Technologies
4) By End Users: Hospitals And Clinics, Research Institutes And Diagnostic Centers, Other End Users
Subsegments:
1) By Oncological Disorders: Lung Cancer, Breast Cancer, Prostate Cancer, Colorectal Cancer, Liver Cancer, Brain Tumors, Other Cancers
2) By Neurological Disorders: Alzheimer's Disease, Parkinson's Disease, Multiple Sclerosis, Epilepsy, Brain Injuries, Stroke, Other Neurological Conditions
3) By Cardiovascular Disorders: Coronary Artery Disease, Heart Failure, Arrhythmias, Aortic Aneurysm, Valvular Heart Disease, Myocardial Infarction, Other Cardiovascular Conditions
4) By Ophthalmological Disorders: Age-Related Macular Degeneration, Diabetic Retinopathy, Glaucoma, Retinal Vein Occlusion, Cataracts, Other Eye Disorders
5) By Endocrine Disorders: Diabetes Mellitus, Thyroid Disorders, Adrenal Gland Disorders, Pituitary Gland Disorders, Parathyroid Disorders, Other Endocrine Conditions
6) By Gastrointestinal Disorders: Inflammatory Bowel Disease, Colorectal Polyps, Gastric Ulcers, Liver Cirrhosis, Pancreatic Disorders, Hepatitis, Other Gastrointestinal Conditions
7) By Other Target Therapeutic Areas: Musculoskeletal Disorders, Renal Disorders, Pulmonary Disorders, Hematologic Disorders, Dermatological Disorders, Infectious Diseases, Other Miscellaneous Conditions
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What Key Drivers Are Expected to Influence Future Virtual Biopsy Market Growth?
The escalating incidence of cancer-related diseases is anticipated to boost the expansion of the virtual biopsy market. Cancer-related diseases refer to health problems caused by the abnormal growth and spread of cells in the body. The alarming increase in these disorders primarily stems from lifestyle alterations such as inadequate diet, lack of physical activity, tobacco consumption, and escalating exposure to environmental pollutants. Virtual biopsy enhances the diagnosis and supervision of these disorders by providing non-invasive, instant imaging perceptions, reducing the requirement for conventional tissue biopsies and improving precision and patient safety. For example, as per the Australian Institute of Health and Welfare, a government agency based in Australia, there was a rise in the number of cancer cases diagnosed in Australia, reaching 160,570 in 2022, an increment of 3,789 cases compared to 156,781 in 2021. Hence, the surging incidence of cancer-related diseases is influencing the expansion of the virtual biopsy market.
Which Companies Hold the Largest Share Across Different Virtual Biopsy Market Segments?
Major companies operating in the virtual biopsy market are Canon Inc., Siemens Healthineers AG, GE Healthcare, Quest Diagnostics Incorporated, Olympus Corporation, Hologic Inc., Illumina Inc., Guardant Health Inc., Esaote S.p.A, Samsung Medison Co Ltd., Telix Pharmaceuticals Limited, Freenome Holdings Inc., Perspectum Ltd., QUIBIM S.L, IQ-AI Limited, BrainSpec Inc., Oncoustics Inc, ImageBiopsy Lab GmbH, AI Metrics LLC, Deep Bio Inc.
What Are the Major Trends Shaping the Virtual Biopsy Market?
Leading businesses in the virtual biopsy market are dedicated to inventing sophisticated technological solutions and obtaining certifications. This includes platforms such as Magnetic Resonance Spectroscopy (MRS) which improve non-invasive diagnostic precision and offer real-time assessments for early disease identification and individualized care. MRS is a non-invasive imaging procedure that aids virtual biopsies by providing intricate molecular tissue information. This enables precise, real-time disease identification and tracking without the requirement for invasive methods. For example, in November 2023, BrainSpec Inc., a US-based health technology firm, obtained U.S. Food and Drug Administration (FDA) approval for their AI-driven BrainSpec platform. This technology utilizes advanced AI to analyze MR spectroscopy data to determine brain metabolites such as 2-hydroxyglutarate, aiding non-invasive virtual biopsies in diagnosing ailments such as gliomas, Alzheimer's and multiple sclerosis. The system effortlessly integrates with standard Magnetic Resonance Imaging (MRI) scanners, simplifies data processing, delivering results in minutes. This system also leverages a reference database of brain chemistry to enhance diagnostic precision.
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What Are the Emerging Geographies for The Virtual Biopsy Market Growth?
North America was the largest region in the virtual biopsy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual biopsy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Virtual Biopsy Market?
2. What is the CAGR expected in the Virtual Biopsy Market?
3. What Are the Key Innovations Transforming the Virtual Biopsy Industry?
4. Which Region Is Leading the Virtual Biopsy Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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