IMARC Group, a leading market research company, has recently released a report titled “Biopsy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global nicotine gum market report, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Biopsy devices represent the various equipment that are used for the surgical extraction of tissues from an organ. They are utilized by radiologists, cardiologists, surgeons, and other medical practitioners to diagnose the presence or spread of diseases that are inflammatory or cancerous in nature. Commonly used equipment by biopsy devices include forceps, aspiration needles, guidance systems, and localization wires. These machines are used in the needle-based, core, MRI-guided, and vacuum-assisted biopsies of body parts, such as the kidneys, liver, lungs, and breasts. As a result, biopsy devices find widespread applications across medical clinics, healthcare institutions, diagnostic centers, and hospitals.
How big is the global biopsy devices market?
The global biopsy devices market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
Current Trends Shaping the Global Biopsy Devices Market
The escalating instances of chronic medical ailments, especially breast cancer, are among the primary factors driving the biopsy devices market. Besides this, the rising consumer awareness toward the availability of diagnostic and screening procedures for severe diseases is propelling the demand for integrated technologies, including stereotactic-guided biopsies, which is further augmenting the market growth.
Moreover, the growing popularity of the MI breast biopsy technique (MIBT), as it eliminates the need for surgery for cancer diagnosis and preserves healthy tissues from damage caused by radiation, is also catalyzing the global market. Apart from this, several technological advancements, such as the development of vacuum-assisted guns and smart systems that assist in distinguishing healthy cells from tumorous ones, are acting as significant growth-inducing factors.
Additionally, the increasing preference for minimally invasive (MI) procedures among patients across the globe is also stimulating the market growth. Furthermore, the elevating geriatric population, the inflating healthcare expenditure, and the expanding research and development (R&D) activities are expected to bolster the biopsy devices market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
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What is included in market segmentation?
The report has segmented the market into the following categories:
Procedure Type Insights:
Product Insights:
Application Insights:
Guidance Technique Insights:
End-User Insights:
Market Breakup by Region:
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