Overview of Biopsy Devices Industry
Biopsy devices are medical instruments designed to take out a tissue sample from the body for examination and diagnosis. This is usually to check if there is a cancer, infection, or inflammatory disease. The biopsy devices are essential for the accurate diagnosis, the development of treatment plans, and the monitoring of the disease progression. The use of biopsy devices can vary based on the type of tissue and its location to be sampled for biopsies, such as needle biopsies, endoscopic biopsies, and surgical biopsies.Core needle biopsy devices, FNA devices, and vacuum-assisted biopsy devices are common types of biopsy devices. These biopsy devices are minimally invasive, allowing healthcare professionals to extract tissue with minimal invasion, thus reducing patient discomfort and recovery time compared to the traditional surgical biopsies. Advancements in biopsy technology include image-guided biopsy devices that use ultrasound, CT scans, or MRI for greater precision, which have dramatically improved diagnostic accuracy. The Biopsy Devices Market is further driven by growth in oncology, where early detection of diseases is critical.
Growth Drivers for the Biopsy Devices Market
Increasing Incidence of Chronic Diseases
The increasing incidence of chronic diseases, particularly cancer, is a significant growth driver for the biopsy devices market. Early detection and accurate diagnosis are critical in managing conditions like cancer, where biopsy procedures are essential. As the global burden of cancer and other chronic diseases continues to rise, the demand for biopsy devices to perform diagnostic procedures is increasing, thereby driving market growth. Advancements in biopsy technology further support this demand for more precise and minimally invasive diagnostics.Technological Advancements in Biopsy Devices
Technological advancement in biopsy devices propels the market forward as procedures become more precise, safe, and efficient. The latest developments, such as image-guided biopsy devices, using ultrasound, CT scans, or MRI, ensure more accurate targeting of tissue samples, thus reducing complications and improving diagnostic accuracy. Furthermore, minimally invasive biopsy tools, including vacuum-assisted and core needle biopsy devices, make the procedure faster, less painful, and with shorter recovery times, thus boosting adoption.Rising Demand for Minimally Invasive Procedures
The increasing trend in the health care sector toward minimally invasive procedures has propelled the growth of the biopsy devices market. There are numerous advantages of minimally invasive biopsy techniques, including minimal discomfort for patients, quicker recovery, and shorter stay in the hospital. All these benefits have been considered of paramount importance in oncology because it demands regular biopsies to assess and decide the line of treatment. Thus, increasing awareness of these procedures further fuels the demand for biopsy devices and increases the size of the market.Challenges in the Biopsy Devices Market
High Cost of Biopsy Procedures
The high cost of biopsy devices and procedures remains a significant challenge in the market. Advanced biopsy devices, particularly those with image-guided capabilities, can be expensive, which may limit their accessibility in low-resource settings. The overall cost of biopsy procedures, including hospital stays, imaging, and lab tests, can also be a barrier for patients, particularly in developing regions. This high cost limits widespread adoption and challenges healthcare providers aiming to implement cost-effective diagnostic solutions.Risk of Complications and Inaccuracies
Although much improved through advanced technology, the risk of complications still exists in the form of bleeding, infection, and pain during a biopsy. Sometimes, inaccurate or unsuccessful biopsies can cause misdiagnosis or lead to repeated procedures, thereby delaying treatment. Furthermore, the complexity involved in performing biopsies from difficult locations or from tiny samples can pose a challenge. These risks can undermine the confidence of patients and slow down the adoption of new biopsy devices, especially in high-stakes procedures like cancer diagnosis.Needle-Based Guns Biopsy Market
The Needle-Based Guns Biopsy Market refers to a segment of the larger biopsy devices market that utilize needle-based biopsy systems to sample tissues. Needle-based guns, also known as core needle biopsy guns, are widely utilized for obtaining tissue samples of various organs, such as breast, prostate, liver, and lungs. These devices use the spring-loaded mechanism to shoot a needle quickly into tissue, capturing a core sample with minimal invasiveness. The market for needle-based guns is growing due to the increasing demand for minimally invasive diagnostic procedures, as these devices reduce pain, have quicker recovery times, and lower risks of complications compared to traditional biopsy methods.Lung Biopsy Market
The Lung Biopsy Market is an important part of the larger biopsy devices market, focusing on diagnostic procedures to obtain lung tissue samples. Lung biopsies are mainly used to diagnose lung cancer, infections, inflammation, or other respiratory conditions. The common procedures for lung biopsy include percutaneous needle biopsy, bronchoscopy-guided biopsy, and VATS biopsy. The increasing incidence of lung cancer, the main cause of cancer-related deaths globally, and the rising prevalence of other lung diseases are factors that drive the lung biopsy market. The latest techniques for biopsies, which include image-guided biopsies (ultrasound, CT scans, or MRI), enhance the accuracy and safety of lung biopsies, decrease the complications, and cut the recovery time for the patient. Moreover, other less invasive biopsy options that are using smaller incisions and fewer days of recovery increase market demand.Biopsy Ultrasound-Guided Market
The Biopsy Ultrasound-Guided Market is developing with the increasing demand for less invasive diagnostic procedures having a high degree of accuracy. Ultrasound-guided biopsies make use of real-time imaging to guide the needle to the exact location of abnormal tissue, ensuring that samples are taken accurately. It is most commonly used in liver, breast, prostate, and kidney biopsies, reducing the risk of complications and increasing the success rate of the procedure. Increasing cancer cases, health awareness, and developments in ultrasound technologies are major drivers for the growth of this market.Diagnostic & Imaging Center Biopsy Market
The Diagnostic & Imaging Center Biopsy Market is growing because diagnostic and imaging centers are increasingly playing a central role in the performance of biopsy procedures. Advanced imaging technologies, including CT scans, MRI, and ultrasound, are used to guide biopsies with greater precision and lower risks. Advances in both cancers and chronic disease frequencies; and the demand in general for minimally-invasive accurate diagnostic procedures are catalysts for growth in the industry. Furthermore, the expanded uptake of specialized imaging during the biopsy procedure improves biopsy-center efficiency and success levels while yielding diagnoses.Canada Biopsy Devices Market
The Canada Biopsy Devices Market is increasing because of the growing demand for accurate and minimally invasive diagnostic tools, especially in oncology and chronic disease diagnosis. A major driver for the adoption of biopsy devices in Canada is the prevalence of cancer, particularly breast, prostate, and lung cancer. In addition, the focus on early diagnosis and precision medicine by the healthcare sector fosters market growth. Advances in technologies include image-guided biopsies and the invention of newer, more effective and easier devices for patients; it expands the biopsy devices market of Canada further. Aug 2022, The Mammotome DualCore TM biopsy system is available for ordering now by clinicians in the United States and Canada.Biopsy Devices Market of France
The France Biopsy Devices Market is growing steadily with the rising need for precise and minimally invasive diagnostic techniques, especially in cancer detection. Rising incidences of cancers, such as breast, prostate, and lung cancer, are driving the demand for biopsy devices in France. Moreover, advanced technologies like image-guided biopsies, which increase accuracy and reduce complications, are gaining popularity and further fueling market growth. France's health care system, which focuses on early diagnosis and patient care, also contributes to the market's growth. September 2023, Roche France, Foundation Medicine, and the Institute Gustave Roussy have collaborated to provide in-house liquid biopsy genomic testing for cancer patients in France.China Biopsy Devices Market
The China Biopsy Devices Market is growing rapidly, driven by the increasing prevalence of cancer and other chronic diseases that require accurate diagnostic procedures. With a growing aging population and increasing awareness about early disease detection, there is a higher demand for biopsy devices in China. Additionally, advancements in biopsy technology, such as image-guided and minimally invasive devices, are improving accuracy and reducing patient recovery time. The country's healthcare system is evolving, with more hospitals and diagnostic centers adopting cutting-edge biopsy technologies, further fueling market growth. March 2024: Chinese regulatory authorities have cleared Intuitive Surgical to market its Ion surgical robot system.UAE Biopsy Devices Market
The UAE Biopsy Devices Market is growing, mainly driven by increasing healthcare investments and the rising prevalence of chronic diseases, especially cancer. There is a growing demand for modern diagnostic tools, such as biopsy devices, in order to detect diseases accurately and earlier in the UAE. The adoption of minimally invasive procedures such as image-guided biopsies is on the increase due to their benefits that reduce recovery times and a relatively lower complication rate. November 2024, The Abu Dhabi Public Health Centre in cooperation with M42 introduces an entirely non-invasive test, known as liquid biopsy for blood-based colorectal cancer screening.Product - Market breakup in 5 viewpoints:
1. Needle-Based Guns2. Biopsy Guidance Systems
3. Biopsy Needles
4. Biopsy Forceps
5. Others
Application - Market breakup in 6 viewpoints:
1. Breast Biopsy2. Lung Biopsy
3. Prostate Biopsy
4. Liver Biopsy
5. Gastroenterology Biopsy
6. Others
Technology - Market breakup in 5 viewpoints:
1. CT Scan2. Stereotactic Guided
3. Ultrasound Guided
4. MRI Guided
5. Others
End-User - Market breakup in 3 viewpoints:
1. Hospitals2. Diagnostic & Imaging Center
3. Others
Country - Market of 25 Countries Covered in the Report:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Cardinal Health, Inc.2. Hologic, Inc.
3. Danaher Corporation
4. Becton, Dickinson and Company
5. Boston Scientific Corporation
6. Medtronic plc.
7. Olympus Corporation
8. CONMED Corporation
Table of Contents
Companies Mentioned
- Cardinal Health, Inc.
- Hologic, Inc.
- Danaher Corporation
- Becton, Dickinson and Company
- Boston Scientific Corporation
- Medtronic plc.
- Olympus Corporation
- CONMED Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 215 |
Published | January 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 2.43 Billion |
Forecasted Market Value ( USD | $ 4.02 Billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |