The global biopsy devices market is on a trajectory of remarkable growth, projected to reach USD 12.6 billion by 2028 from USD 6.6 billion in 2023, with a notable CAGR of 14.0% from 2023 to 2028. This substantial growth is driven by advancements in medical technology, resulting in the creation of increasingly accurate and less invasive biopsy instruments. These innovations mitigate patient discomfort and expedite recovery periods, making them pivotal in the field of diagnostics.
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Understanding Biopsy Devices Market Dynamics
Needle Based Biopsy Instruments: A Growing Segment
The market is segmented into Needle Based Biopsy Instruments, Localization Wire, Procedure Tray, Biopsy Table, and other biopsy products. Among these, the Needle Based Biopsy Instruments segment is anticipated to register the highest growth rate over the forecast period.
Breast Biopsy: A Leading Application
In terms of applications, the breast biopsy segment is expected to register significant growth over the forecast period. Biopsy devices are vital tools used to extract tissue samples for diagnostic purposes. They are utilized by various healthcare professionals and organizations, including physicians, surgeons, and medical practitioners. The breast biopsy segment, in particular, is anticipated to witness substantial growth.
Hospitals and Breast Care Centers: Key End Users
The hospitals and breast care centers segment accounted for the largest share of the biopsy devices market in 2022. As cancer awareness and screening programs expand, more patients are seeking diagnostic services in hospitals and specialized breast care centers. Advancements in imaging technologies and screening techniques have led to an increased demand for biopsy procedures in these settings to confirm diagnoses and plan personalized treatment strategies.
Asia Pacific: A Region of Significant Growth
The Asia Pacific biopsy devices market is poised to register significant growth from 2023 to 2028. Factors such as the increasing patient population, rising geriatric population, rapid economic growth, and increasing disposable income are driving market growth in APAC countries. The region is witnessing a rise in healthcare investment and expenditure, offering significant growth opportunities for key players.
Top Key Players of the Biopsy Devices Industry
Prominent players in the biopsy devices market include Becton, Dickinson and Company (U.S.), Devicor Medical Products, Inc. (Leica Biosystems) (Germany), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), and Hologic, Inc. (US).
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Conclusion
The biopsy devices market plays a crucial role in modern diagnostics, offering accurate and minimally invasive solutions for tissue sampling. With advancements in technology and growing awareness about cancer screening and early detection, the demand for biopsy devices is expected to rise significantly. Key players in the industry are actively investing in innovation and expansion, ensuring the continuous evolution of biopsy devices to meet the changing needs of healthcare providers and patients worldwide.
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MarketsandMarkets™ INC.
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In the realm of modern medicine, advancements in technology continually reshape diagnostic procedures, with biopsy devices standing at the forefront of innovation. The global biopsy devices market, as projected by the report titled “Biopsy Devices Market by Product… Global Forecasts to 2028,” is poised to reach staggering heights, driven by factors such as technological progress and growing demand for minimally invasive procedures.
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Technological Advancements Driving Market Growth:
The report highlights the significant role of technological advancements in propelling the biopsy devices market forward. With continuous progress in medical technology, biopsy instruments have become increasingly accurate and less invasive. This not only reduces patient discomfort but also expedites recovery periods, thus enhancing overall patient care.
Segment Analysis:
The market analysis delineates various segments within the biopsy devices market. Needle Based Biopsy Instruments emerge as a frontrunner, anticipated to witness substantial growth over the forecast period. Moreover, the breast biopsy segment stands out, poised to register significant expansion, underscoring the importance of early detection and diagnosis in breast health.
End User Dynamics:
End users play a pivotal role in shaping the biopsy devices market landscape. Hospitals and breast care centers emerge as major contributors, reflecting the increasing demand for diagnostic services in these settings. As cancer awareness initiatives gain traction, coupled with advancements in imaging technologies, the demand for biopsy procedures in hospitals and specialized centers surges, emphasizing the crucial role of these facilities in patient care.
Regional Outlook:
The Asia Pacific region emerges as a beacon of growth in the biopsy devices market, projected to witness significant expansion from 2023 to 2028. Factors such as a burgeoning patient population, rising geriatric demographic, and rapid economic growth contribute to the region’s market growth. Increased healthcare investment and expenditure further bolster market opportunities for key players in the Asia Pacific region.
Key Players:
Prominent players in the biopsy devices market include industry leaders such as Becton, Dickinson and Company, Devicor Medical Products, Inc. (Leica Biosystems), B. Braun Melsungen AG, Cardinal Health, Inc., and Hologic, Inc. These companies drive innovation and contribute significantly to the evolution of biopsy devices, thereby enhancing diagnostic capabilities and patient outcomes.
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Conclusion:
The trajectory of the biopsy devices market underscores the transformative impact of technological innovation on diagnostic procedures. With a focus on precision, efficiency, and patient comfort, biopsy devices continue to revolutionize the landscape of medical diagnostics. As the market surges ahead propelled by advancements in technology and expanding healthcare infrastructure, the journey towards enhanced diagnostic accuracy and improved patient care accelerates.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
According to the latest report by MarketsandMarkets, the biopsy devices market by Product (Gun, Needle, Forcep, VAB, CNB, Liquid Biopsy, Localization wire), Application (Breast, Lung, Prostate) Guidance (Ultrasound, MRI, NGS, PCR), End User (Hospitals, Clinics) & Buying Criteria – Global Forecasts to 2028″, is projected to reach USD 12.6 billion by 2028 from USD 6.6 billion in 2023, at a CAGR of 14.0% from 2023 to 2028. The major factors driving the growth of this market include Progress in medical technology has resulted in the creation of increasingly accurate and less invasive biopsy instruments, thereby mitigating patient discomfort and expediting recovery periods.
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Technology segment to register significant growth rate over the forecast period of 2023-2028
Based on product, the global biopsy devices market is segmented into Needle Based Biopsy Instruments, Localization Wire, Procedure Tray, Biopsy Table and other biopsy products. The Needle Based Biopsy Instruments segment is anticipated to register the highest growth rate over the forecast period.
Breast Biopsy segment in application to register significant growth rate over the forecast period of 2023-2028
Based on end user, the global biopsy devices market is segmented into breast biopsy, bone marrow biopsy, lung, colorectal, kidney, prostate and others. Biopsy devices are medical tools used to extract a sample of tissue from a patient for diagnostic purposes. These devices are utilized by various healthcare professionals and organizations. Other end users may include healthcare professionals such as physicians, surgeons, and medical practitioners who perform biopsies as part of their clinical practice.The breast biopsy segment is anticipated to register the highest growth rate over the forecast period.
The hospitals and breast care centers segment accounted for the largest share of the biopsy devices market, by end user, in 2022
Based on end user, the multimodal market is segmented into hospitals and breast care centers, diagnostic imaging centres, research and academia and other end users. The hospitals and breast care centers segment accounts for the largest share of the market in 2022. As cancer awareness and screening programs expand, more patients are seeking diagnostic services in hospitals and specialized breast care centers. Secondly, advancements in imaging technologies and screening techniques have led to an increased demand for biopsy procedures in these settings to confirm diagnoses and plan personalized treatment strategies.
The Asia Pacific market to register a significant growth in the market during the forecast period
The Asia Pacific biopsy devices market is estimated to register a significant growth from 2023 to 2028. The increasing patient population, rising geriatric population, rapid economic growth and increasing disposable income are driving the market growth in APAC countries. This region is having a rise in healthcare investment and expenditure, offering significant growth opportunities for the key players.
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As of 2022, prominent players in the biopsy devices market are Becton, Dickinson and Company (U.S.), Devicor Medical Products, Inc., (Leica Biosystems) (Germany), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), and Hologic, Inc. (US).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]