Global Biopsy Devices Market By Product (Needle-Based Biopsy Instruments, Procedure Trays, Localization Wires, Other Products) By Guidance Technique (Ultrasound-Guided Biopsy, Stereotactic-Guided Biopsy, MRI-Guided Biopsy, Other Guidance Techniques) By Application (Breast Biopsy, Lung Biopsy, Colorectal Biopsy, Prostate Biopsy, Other Applications) By End User (Hospitals, Academic & Research Institutes, Diagnostic & Imaging Centers) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2031. 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 210
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Biopsy Devices worldwide was worth $ 2.45 billion US dollars. AMR Group projects that the market will reach US$ 4.34 billion by 2031, growing at a CAGR of 7.28 percent between 2022 and 2031.
Industry Overview
A medical technique called a biopsy allows doctors to examine and expel malignant tissue from the body. The test is used to collect tissue samples for disease diagnosis when a patient is suspected of having cancer. Skin biopsies, vacuum biopsies, incision and excision biopsies, needle biopsies, small needle aspirations, and shave biopsies are all used to diagnose cancer.
Generally, malignant and inflammatory disorders are the focus of biopsies, which include the surgical removal of tissue from an organ to ascertain the existence or severity of a disease. Radiologists, interventional cardiologists, and surgeons typically conduct it. As a confirmatory test for cancer and celiac disease, biopsies can be carried out on any organ using specialized biopsy equipment. Each biopsy tool has a different use depending on the type of organ being studied. Advanced imaging technologies, such as MRI-guided biopsy, stereotactic-guided biopsy, ultrasound-guided biopsy, CT scan, and others, can be used in conjunction with conventional biopsy instruments to perform biopsy with accuracy and less invasiveness. The lungs, liver, and kidneys are just a few of the bodily organs whose biopsies are carried out using these integrated techniques.
The prevalence of various cancer forms has considerably grown over time. In 2020, cancer will be responsible for about 10 million deaths worldwide. Globally increasing rates of various malignancies are also raising knowledge of the availability of diagnostic and screening technologies and driving up demand for efficient treatment.
Market Dynamics
One of the factors fueling the market's expansion is the burden of the prevalence of different cancers, including as breast cancer, lung cancer, and other forms of cancer, is anticipated to increase the market's overall growth. For instance, the American Cancer Society projects that 1.9 million new instances of cancer will be discovered in the United States in 2022. The improvement of sophisticated biopsy techniques is being aided by the increased prevalence of cancer.
The appeal of minimally invasive medical treatments is increased by the fact that they have a number of benefits. Patients recover more quickly from such operations, which are also less stressful. Manufacturer-published research findings indicate that minimally invasive procedures are quickly replacing invasive procedures and delivering greater patient satisfaction levels. Growing consumer demand for minimally invasive procedures and disposable biopsy tools is expected to fuel business expansion. Technology-advanced biopsy guiding devices, such vacuum-assisted guns, are becoming more and more well-liked among patients and medical professionals. It is projected that the market would continue to expand as a result of the senior population's expanding base and the development of affordable, cutting-edge gadgets. However, the high cost associated with Biopsy Devices is a restraining factor in the global Biopsy Devices market
COVID Impact
The COVID-19 pandemic gave a negative impact on the Biopsy Devices business market. The development of COVID-19 had a negative influence on the healthcare sector. The market for biopsy instruments was also severely impacted, therefore it is not a spectator sport. The government implemented lockdown and social segregation measures to contain the COVID-19 pandemic outbreak. These measures caused a number of problems, including the suspension of several manufacturing operations, disruptions in the supply chain, stifling business growth, cancellations of technology treatments, and even an impact on overall production and sales, which restricted the industry's growth. Also, the healthcare industry gave priority to the relevance of routine surgical procedures and if possible, explored non-surgical therapeutic methods. Market expansion was hampered by the rise of non-surgical procedures and the avoidance of surgical procedures.
Regional Trend
Geographically, in 2022, North America had a significant revenue share of over 40.0%. It will continue to hold a sizable part of the market during the projection period because of the established industry players based there. The regional market is anticipated to benefit from high market penetration rates of technologically sophisticated equipment like vacuum-assisted biopsy systems and a quickly rising disposable device demand. The majority of biopsies are performed in the United States. For instance, 3 million breast biopsies are carried out in the U.S. each year, according to a research report titled "The Breast" that was released in 2018. Additionally, because medical devices are regarded as having a moderate level of risk, the U.S. FDA has a less strict regulatory approval procedure.
The Asia Pacific region offers fantastic potential for business expansion. The region's market is expected to rise as a result of the rapidly evolving healthcare infrastructure in developing Asia-Pacific nations, the high level of unmet patient demands, and the rising prevalence of cancer. According to Global Cancer Statistics 2020, Asia is projected to account for 58.3% of cancer deaths and 50% of all cancer cases. Moreover, changes implemented in China and India are anticipated to boost the purchasing power of healthcare organizations, consequently accelerating sector growth.
Competitive Landscape
Key players operating in the Biopsy Devices Market includes, Argon Medical Devices Inc., B. Braun Melsungen AG, BD, Boston Scientific Corporation, Cardinal Health Inc., CONMED Corporation, Cook Medical, Danaher Corporation, Devicor Medical Products Inc., DTR Medical, FUJIFILM Holdings Corporation, Gallini Srl, Hologic, Inc., INRAD, Inc., Leica Biosystems Nussloch GmbH, Medtronic, Olympus Corporation and TransMed7, LLC among others. A well-known manufacturer of medical equipment used in interventional radiology and interventional oncology procedures, IZI Medical Products LLC ("IZI"), introduced The Quick-Core Auto Biopsy System ("Quick-Core Auto") for soft tissue biopsy in March 2021. The Quick-Core Auto is a portable, fully automatic biopsy device that enhances the Quick-Core semi-automatic biopsy system from IZI in terms of dependability, accuracy, and quality.
Key USPs-
A partnership between Biocept, Inc. and Quest Diagnostics (NYSE: DGX) to provide laboratory testing services for the Target SelectorTM NGS-based liquid biopsy targeted lung cancer panel to Quest patients was announced in June 2021. Quest Diagnostics is a leading provider of molecular diagnostic assays, products, and services. The leading provider of diagnostic information services, including complex diagnostics, is Quest Diagnostics.
Market Segmentation
Based upon the Product in the Biopsy Devices market is segmented Needle-Based Biopsy Instruments, Procedure Trays, Localization Wires, and Other Products. The Product segment is dominated in 2022 by needle-based biopsy guns held the majority share of more than 40.0%. Throughout the forecast period, a surge in demand for these guns to get samples from internal organs' soft tissues, including the kidneys, breasts, and lungs, is anticipated to support the market's expansion overall. Based on the Guidance Technique, the Biopsy Devices market is segmented into Ultrasound-Guided Biopsy, Stereotactic-Guided Biopsy, MRI-Guided Biopsy and Other Guidance Techniques. The Guidance Technique segment is dominated in 2022 by Ultrasound-Guided Biopsy held the majority share. Based on the Application, the Biopsy Devices market is segmented into Breast Biopsy, Lung Biopsy, Colorectal Biopsy, Prostate Biopsy and Other Applications. The Application segment is dominated in 2022 by Breast Biopsy held the majority share.
End user segment of Biopsy Devices market is further bifurcated into Hospitals, Academic & Research Institutes, and Diagnostic & Imaging Centers. In 2021, the Diagnostic & Imaging Centers segment held the biggest market share. Demand for the category is rising as more cancer infected people were being diagnosed.
By Product
· Needle-Based Biopsy Instruments
· Procedure Trays
· Localization Wires
· Other Products
By Guidance Technique
· Ultrasound-Guided Biopsy
· Stereotactic-Guided Biopsy
· MRI-Guided Biopsy
· Other Guidance Techniques
By Application
· Breast Biopsy
· Lung Biopsy
· Colorectal Biopsy
· Prostate Biopsy
· Other Applications
By End User
· Hospitals
· Academic and Research Institutes
· Diagnostic and Imaging Centers
Global Biopsy Devices Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Biopsy Devices Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Biopsy Devices
1.3 Biopsy Devices Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Biopsy Devices
1.4.2 Applications of Biopsy Devices
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Dickinson and Co. Market Performance Analysis
3.1.1 Dickinson and Co. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Dickinson and Co. Sales, Value, Price, Gross Margin 2016-2021
3.2 Siemens Healthineers AG Market Performance Analysis
3.2.1 Siemens Healthineers AG Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Siemens Healthineers AG Sales, Value, Price, Gross Margin 2016-2021
3.3 Planmed Oy Market Performance Analysis
3.3.1 Planmed Oy Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Planmed Oy Sales, Value, Price, Gross Margin 2016-2021
3.4 Becton Market Performance Analysis
3.4.1 Becton Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Becton Sales, Value, Price, Gross Margin 2016-2021
3.5 Hologic Inc. Market Performance Analysis
3.5.1 Hologic Inc. Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Hologic Inc. Sales, Value, Price, Gross Margin 2016-2021
3.6 Argon Medical Devices Inc. Market Performance Analysis
3.6.1 Argon Medical Devices Inc. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Argon Medical Devices Inc. Sales, Value, Price, Gross Margin 2016-2021
3.7 General Electric Co. Market Performance Analysis
3.7.1 General Electric Co. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 General Electric Co. Sales, Value, Price, Gross Margin 2016-2021
3.8 Scion Medical Technologies LLC Market Performance Analysis
3.8.1 Scion Medical Technologies LLC Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Scion Medical Technologies LLC Sales, Value, Price, Gross Margin 2016-2021
3.9 Carestream Health Inc. Market Performance Analysis
3.9.1 Carestream Health Inc. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Carestream Health Inc. Sales, Value, Price, Gross Margin 2016-2021
3.10 FUJIFILM Holdings Corp. Market Performance Analysis
3.10.1 FUJIFILM Holdings Corp. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 FUJIFILM Holdings Corp. Sales, Value, Price, Gross Margin 2016-2021
3.11 Danaher Corp. Market Performance Analysis
3.11.1 Danaher Corp. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Danaher Corp. Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Biopsy Devices Production and Value by Type
4.1.1 Global Biopsy Devices Production by Type 2016-2021
4.1.2 Global Biopsy Devices Market Value by Type 2016-2021
4.2 Global Biopsy Devices Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Needle-Based Biopsy Instruments Market Production, Value and Growth Rate
4.2.2 Core Biopsy Devices Market Production, Value and Growth Rate
4.2.3 Aspiration Biopsy Needles Market Production, Value and Growth Rate
4.2.4 Vacuum-Assisted Biopsy Devices Market Production, Value and Growth Rate
4.2.5 Biopsy Forceps Market Production, Value and Growth Rate
4.2.6 Localization Wires Market Production, Value and Growth Rate
4.2.7 Other Products Market Production, Value and Growth Rate
4.3 Global Biopsy Devices Production and Value Forecast by Type
4.3.1 Global Biopsy Devices Production Forecast by Type 2021-2026
4.3.2 Global Biopsy Devices Market Value Forecast by Type 2021-2026
4.4 Global Biopsy Devices Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Needle-Based Biopsy Instruments Market Production, Value and Growth Rate Forecast
4.4.2 Core Biopsy Devices Market Production, Value and Growth Rate Forecast
4.4.3 Aspiration Biopsy Needles Market Production, Value and Growth Rate Forecast
4.4.4 Vacuum-Assisted Biopsy Devices Market Production, Value and Growth Rate Forecast
4.4.5 Biopsy Forceps Market Production, Value and Growth Rate Forecast
4.4.6 Localization Wires Market Production, Value and Growth Rate Forecast
4.4.7 Other Products Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Biopsy Devices Consumption and Value by Application
5.1.1 Global Biopsy Devices Consumption by Application 2016-2021
5.1.2 Global Biopsy Devices Market Value by Application 2016-2021
5.2 Global Biopsy Devices Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Diagnostic & Imaging Centers Market Consumption, Value and Growth Rate
5.2.2 Hospitals Market Consumption, Value and Growth Rate
5.2.3 Others Market Consumption, Value and Growth Rate
5.3 Global Biopsy Devices Consumption and Value Forecast by Application
5.3.1 Global Biopsy Devices Consumption Forecast by Application 2021-2026
5.3.2 Global Biopsy Devices Market Value Forecast by Application 2021-2026
5.4 Global Biopsy Devices Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Diagnostic & Imaging Centers Market Consumption, Value and Growth Rate Forecast
5.4.2 Hospitals Market Consumption, Value and Growth Rate Forecast
5.4.3 Others Market Consumption, Value and Growth Rate Forecast
6 Global Biopsy Devices by Region, Historical Data and Market Forecasts
6.1 Global Biopsy Devices Sales by Region 2016-2021
6.2 Global Biopsy Devices Market Value by Region 2016-2021
6.3 Global Biopsy Devices Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Biopsy Devices Sales Forecast by Region 2021-2026
6.5 Global Biopsy Devices Market Value Forecast by Region 2021-2026
6.6 Global Biopsy Devices Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Biopsy Devices Value and Market Growth 2016-2021
7.2 United State Biopsy Devices Sales and Market Growth 2016-2021
7.3 United State Biopsy Devices Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Biopsy Devices Value and Market Growth 2016-2021
8.2 Canada Biopsy Devices Sales and Market Growth 2016-2021
8.3 Canada Biopsy Devices Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Biopsy Devices Value and Market Growth 2016-2021
9.2 Germany Biopsy Devices Sales and Market Growth 2016-2021
9.3 Germany Biopsy Devices Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Biopsy Devices Value and Market Growth 2016-2021
10.2 UK Biopsy Devices Sales and Market Growth 2016-2021
10.3 UK Biopsy Devices Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Biopsy Devices Value and Market Growth 2016-2021
11.2 France Biopsy Devices Sales and Market Growth 2016-2021
11.3 France Biopsy Devices Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Biopsy Devices Value and Market Growth 2016-2021
12.2 Italy Biopsy Devices Sales and Market Growth 2016-2021
12.3 Italy Biopsy Devices Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Biopsy Devices Value and Market Growth 2016-2021
13.2 Spain Biopsy Devices Sales and Market Growth 2016-2021
13.3 Spain Biopsy Devices Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Biopsy Devices Value and Market Growth 2016-2021
14.2 Russia Biopsy Devices Sales and Market Growth 2016-2021
14.3 Russia Biopsy Devices Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Biopsy Devices Value and Market Growth 2016-2021
15.2 China Biopsy Devices Sales and Market Growth 2016-2021
15.3 China Biopsy Devices Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Biopsy Devices Value and Market Growth 2016-2021
16.2 Japan Biopsy Devices Sales and Market Growth 2016-2021
16.3 Japan Biopsy Devices Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Biopsy Devices Value and Market Growth 2016-2021
17.2 South Korea Biopsy Devices Sales and Market Growth 2016-2021
17.3 South Korea Biopsy Devices Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Biopsy Devices Value and Market Growth 2016-2021
18.2 Australia Biopsy Devices Sales and Market Growth 2016-2021
18.3 Australia Biopsy Devices Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Biopsy Devices Value and Market Growth 2016-2021
19.2 Thailand Biopsy Devices Sales and Market Growth 2016-2021
19.3 Thailand Biopsy Devices Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Biopsy Devices Value and Market Growth 2016-2021
20.2 Brazil Biopsy Devices Sales and Market Growth 2016-2021
20.3 Brazil Biopsy Devices Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Biopsy Devices Value and Market Growth 2016-2021
21.2 Argentina Biopsy Devices Sales and Market Growth 2016-2021
21.3 Argentina Biopsy Devices Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Biopsy Devices Value and Market Growth 2016-2021
22.2 Chile Biopsy Devices Sales and Market Growth 2016-2021
22.3 Chile Biopsy Devices Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Biopsy Devices Value and Market Growth 2016-2021
23.2 South Africa Biopsy Devices Sales and Market Growth 2016-2021
23.3 South Africa Biopsy Devices Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Biopsy Devices Value and Market Growth 2016-2021
24.2 Egypt Biopsy Devices Sales and Market Growth 2016-2021
24.3 Egypt Biopsy Devices Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Biopsy Devices Value and Market Growth 2016-2021
25.2 UAE Biopsy Devices Sales and Market Growth 2016-2021
25.3 UAE Biopsy Devices Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Biopsy Devices Value and Market Growth 2016-2021
26.2 Saudi Arabia Biopsy Devices Sales and Market Growth 2016-2021
26.3 Saudi Arabia Biopsy Devices Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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