Biopsy Devices Market to Reach US$ 10.4 Billion by 2032, Dominated by Medtronic, Hologic, and Becton Dickinson

The global biopsy devices market has emerged as a critical segment in the medical devices industry, driven by the rising prevalence of cancer and the increasing demand for early and accurate diagnostic solutions. According to Persistence Market Research, the global biopsy devices market is projected to reach US$ 6.3 billion in 2025 and is expected to grow to US$ 10.4 billion by 2032, registering a CAGR of 7.4% during the forecast period of 2025-2032. The market's expansion is fueled by technological advancements, growing awareness about cancer screening, and the rising need for minimally invasive diagnostic procedures.

The market landscape is dominated by innovative biopsy tools that cater to various medical requirements, including needle biopsies, core biopsies, and vacuum-assisted biopsy devices. Among these, needle biopsy devices are witnessing significant adoption due to their efficiency, reduced procedural time, and high accuracy in tissue sampling. Geographically, North America remains the leading region for biopsy device adoption, primarily driven by high healthcare expenditure, well-established healthcare infrastructure, and the presence of leading market players investing in research and development. Meanwhile, Europe and Asia Pacific are showing steady growth, with rising cancer incidence and increasing awareness of early diagnostic tools supporting market expansion.

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Key Highlights from the Report

The global biopsy devices market is projected to grow from US$ 6.3 billion in 2025 to US$ 10.4 billion by 2032 at a CAGR of 7.4%.
Rising prevalence of cancer worldwide is the primary driver for increased biopsy device adoption.
Needle biopsy devices remain the leading product type due to minimally invasive techniques and high accuracy.
Hospitals represent the dominant end-user segment, accounting for the largest share of market revenue.
North America is the largest regional market, supported by advanced healthcare infrastructure and technological adoption.
Asia Pacific is expected to show robust growth due to increasing awareness and improving healthcare systems.

Market Segmentation

By Product Type

• Needle-based Biopsy guns
• Biopsy Guns
• Biopsy Forceps

By Application Type

• Breast Biopsy
• Skin Biopsy
• Kidney Biopsy

By End-use

• Imaging Centers
• Hospitals
• Others

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Latin America
• Middle East and Africa

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Market Drivers

The primary driver of the biopsy devices market is the rising prevalence of cancer worldwide, which has created a critical need for early detection and accurate diagnosis. Increasing patient awareness and government initiatives promoting cancer screening programs are boosting the adoption of biopsy devices. Additionally, technological advancements in biopsy devices, including minimally invasive procedures and image-guided systems, are enhancing the precision and efficiency of tissue sampling, further fueling market growth.

Another significant market driver is the expanding healthcare infrastructure, especially in emerging economies. With increasing investments in hospitals, diagnostic centers, and outpatient surgical facilities, the accessibility and affordability of biopsy procedures have improved. Growing demand for outpatient procedures, coupled with shorter recovery times and reduced procedural risks, is encouraging healthcare providers to adopt advanced biopsy devices. These factors collectively contribute to the steady growth of the global biopsy devices market.

Market Restraints

Despite strong growth, the biopsy devices market faces certain challenges. High costs associated with advanced biopsy devices can limit their adoption, particularly in price-sensitive regions. In addition, stringent regulatory requirements for medical device approvals create barriers for new entrants and can delay product launches, impacting overall market expansion.

Another restraint is the lack of trained healthcare professionals in developing regions, which affects the proper utilization of biopsy devices. Inadequate awareness among patients regarding early cancer detection and the procedural aspects of biopsies can also limit market penetration. Additionally, concerns related to procedural complications, although minimal with modern devices, may influence physician preference for alternative diagnostic methods in certain cases.

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Market Opportunities

The global biopsy devices market presents significant opportunities, particularly with the rising adoption of minimally invasive diagnostic techniques. These methods reduce patient discomfort, decrease recovery times, and improve diagnostic accuracy, making them highly attractive to both healthcare providers and patients. The growing trend of personalized medicine also increases the demand for precise tissue sampling, which can inform tailored treatment plans.

Emerging markets in Asia Pacific and Latin America provide untapped potential for biopsy device manufacturers. Increasing cancer awareness, government initiatives for early detection, and rising healthcare expenditure create an environment conducive to market growth. Strategic collaborations, technological innovations, and expansion of distribution networks in these regions can further accelerate market penetration.

Company Insights

Key players operating in the biopsy devices market include:

• Cardinal Health, Inc.
• Hologic, Inc.
• Danaher Corporation
• CONMED Corporation
• Cook Medical
• DTR Medical Ltd.
• INRAD, Inc.
• Devicor Medical Products, Inc.
• TransMed7, LLC
• Olympus Corporation
• Others

Recent Developments:

In 2024, Hologic, Inc. launched a next-generation vacuum-assisted biopsy system with enhanced tissue sampling capabilities, improving diagnostic accuracy.

Medtronic plc expanded its biopsy device portfolio in Asia Pacific, targeting hospitals and diagnostic centers in China and India to address the rising demand for cancer detection procedures.

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Frequently Asked Questions

➤ What are the main factors influencing the biopsy devices market 2025-2032?
➤ Which companies are the major sources in this biopsy devices market?
➤ What are the market's opportunities, risks, and general structure?
➤ How do top biopsy devices market companies compare in terms of sales, revenue, and prices?
➤ How are market types and applications in the biopsy devices market explored in terms of revenue and value?

Future Opportunities and Growth Prospects

The biopsy devices market is poised for continued growth, driven by technological innovation, rising cancer incidence, and expanding healthcare access globally. Future opportunities include integrating AI and imaging technologies into biopsy devices to enhance precision and improve patient outcomes. Emerging markets offer considerable growth potential, with increasing healthcare investments, awareness programs, and adoption of advanced diagnostic procedures. Companies focusing on R&D, strategic partnerships, and regional expansion are likely to gain a competitive advantage in this rapidly evolving market.

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This release was published on openPR.