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Biopsy Devices are those equipment’s used during biopsy procedures from the removal of tissues of a body part to examine it for the disease. Biopsy procedures are carried out for the diagnosis of cancer, kidney and lung diseases among others. The global biopsy devices market is growing pervasively over the last couple of decades.Factors like the increasing prevalence of kidney diseases and transplants are fostering the market growth to an extent. Besides, kidney diseases & disorders, and other diseases such as chronic high blood pressure & diabetes that act as a risk factor of kidney damages or failures are supporting the market growth, creating the demand for the better diagnostic and treatment methods.
Advancement of technology such as the proliferation of the Internet of Things (IoT) is fostering the market growth, bringing about smart and connected devices. Additionally, factors such as the changing lifestyle led by the growing urbanization are propelling the market growth. Certainly, the improving economic conditions, worldwide are acting as key driving forces pushing the market growth up, enabling access to the quality of life and improved healthcare.
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Furthermore, the increasing number of biopsy procedures and rising demand for new techniques for the diagnosis of chronic diseases along with the advancements in surgeries, fuel the market growth.
The Global Biopsy Devices Market is expected to reach USD 2.4 billion by the end of the forecast period and is expected to grow at a CAGR of ~6.4%.
Global Biopsy Devices Market - Competitive Analysis
The highly competitive market of biopsy devices appears to be fragmented due to many players forming a competitive landscape. The demand for these devices has opened doors for the development of new devices, offering opportunities for the new entrants and leaders alike. At the same time, availability of spurious and counterfeit devices is challenging these established brands by displacing standard devices off the market and thus reducing the total market revenues.
Key Players
Some of the key players in this market are: BD, Precision Biopsy, LLC, Scion Medical Technologies, LLC. (UK), Cook Medical, Hologic, Inc., Leica Biosystems, Argon Medical Devices, Inc., C. R. Bard, Inc. Creganna, Integra LifeSciences Corporation, Focal Therapeutics, Inc. and others.
Industry/Innovations/Related News:
November 08, 2018 – STRATEC Consumables GmbH (Austria), an OEM supplier of smart polymer-based consumables to in-vitro diagnostics (IVD), life sciences, and medical technology industries announced the signing of a supply agreement covering a customized microfluidic polymer chip with Vortex BioSciences (US), a NetScientific portfolio firm. This chip is a main component of the VTX-1 system, an automated liquid biopsy platform which provides a simple, label-free isolation of circulating tumor cells directly from a tube of blood.
Global Biopsy Devices Market - Segments
MRFR has segmented the analysis into four key dynamics; for better understanding: -
By Product Type: Biopsy Guns, Biopsy Guidance System, Biopsy Needles, and Forceps among others.
By Application : Surgical biopsy, Skin biopsy, Needle biopsy, Bone marrow biopsy, and Cancer Diagnosis among others.
By End-user: Hospitals, Specialty Clinics, Diagnostic centers, Academic & Research Institutes among others.
By Regions: Europe, North America, APAC and Rest-of-the-World.
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Global Biopsy Devices Market - Regional Analysis
Globally North America is the largest market for biopsy devices. The North American market for biopsy devices is expected to reach at USD 2.4 billion by the end of the forecast period of 2016-2022.
Europe is the second-largest Biopsy Devices Market. Asia pacific region is expected to be fastest growing region in biopsy devices market.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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