Global Biopsy Devices
Market Report
2024
Global Biopsy Devices market size was $2.11 Billion in 2022 and it is forecasted to reach $3.64 Billion by 2030. Biopsy Devices Industry's Compound Annual Growth Rate will be 6.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Biopsy Devices market size was $2.11 Billion in 2022 and it is forecasted to reach $3.64 Billion by 2030. Biopsy Devices Industry's Compound Annual Growth Rate will be 6.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Biopsy Devices Market Sales Revenue 2022 | $ 2.21 Billion |
Global Biopsy Devices Market Sales Revenue 2030 | $ 3.91 Billion |
Global Biopsy Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Split by Product |
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Market Split by Application |
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Market Split by Imaging Technology |
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Market Split by End |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Biopsy Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A biopsy is a medical procedure in which a sample of tissue or cells is taken from the body for diagnostic evaluation. The purpose of a biopsy is to examine the sample under a microscope or through other laboratory tests to determine the presence of abnormal or diseased cells, identify the nature of a tumor or growth, or diagnose a specific medical condition.
Biopsy devices are medical instruments used to obtain tissue samples from the body for diagnostic purposes. These samples are then examined under a microscope to help identify the presence of any abnormalities or diseases. There are various types of biopsy devices available, depending on the specific area of the body being sampled and the intended purpose of the biopsy.
Increasing Prevalence of Cancer drives the Market
The increasing prevalence of cancer is a significant driver of the biopsy devices market. Cancer is a leading cause of death worldwide, and its incidence continues to rise. Several factors contribute to the increasing prevalence of cancer.
One factor is the aging population. As life expectancy increases and populations age, the overall burden of cancer also rises, as cancer incidence tends to be higher in older individuals.
Changing lifestyles also play a role. Unhealthy habits such as tobacco and alcohol use, poor diet, physical inactivity, and exposure to environmental carcinogens contribute to the development of cancer. The adoption of sedentary lifestyles and unhealthy habits in many populations has contributed to the increasing incidence of cancer.
Environmental factors can also contribute to cancer development. Exposure to air pollution, radiation, industrial chemicals, and hazardous substances can increase the risk of developing cancer. Industrialization, urbanization, and changes in the environment have led to increased exposure to these carcinogens.
Genetic predisposition is another factor. Certain genetic factors and inherited mutations can increase an individual's susceptibility to cancer. As our understanding of the genetic basis of cancer improves, more individuals are being identified as having a higher risk of developing certain types of cancer.
Improved cancer detection and diagnosis also contribute to the rising prevalence. Advances in medical technology, screening programs, and increased awareness have led to improved detection and diagnosis of cancer. Early detection allows for timely intervention and treatment, leading to a higher number of diagnosed cases.
The increasing prevalence of cancer underscores the importance of biopsy devices in the diagnostic process. Biopsy procedures are critical for obtaining tissue samples that aid in accurate cancer diagnosis, determining the stage and grade of tumors, and guiding treatment decisions. As the incidence of cancer continues to rise, the demand for biopsy devices is expected to grow to meet the diagnostic needs of patients.
Restraining Factor:
Limitations in Sampling hinders market growth
One of the restraints in the biopsy devices market is the limitation in sampling. Obtaining a representative tissue sample is crucial for accurate diagnosis and treatment decisions. However, there are several factors that can present challenges in achieving an optimal sample.
Tumor heterogeneity is a significant factor. Tumors can exhibit varying characteristics within different areas, and if the biopsy sample is not taken from a representative region, it may not accurately reflect the overall tumor composition. This can lead to an incorrect diagnosis or incomplete understanding of the disease.
Sampling error is another limitation. Due to the small size of biopsy samples, there is a risk of sampling error, particularly in cases where the target area is large or the abnormality is spread throughout the tissue. Selecting an inappropriate biopsy site or failing to obtain sufficient tissue can compromise the accuracy of the diagnosis.
The accessibility and localization of the target area can also pose challenges. Some tumors or abnormal tissues may be located in difficult anatomical sites or deep within the body, making it challenging to access them with standard biopsy devices. Alternative approaches, such as image-guided or minimally invasive techniques, may be required to improve the chances of obtaining an adequate sample.
The expertise and experience of the healthcare professional performing the biopsy procedure are critical. Lack of skill in targeting the appropriate area or inadequate technique may result in suboptimal samples or procedural complications, affecting the quality and accuracy of the biopsy.
Additionally, sampling from dynamic lesions can be challenging. Lesions or abnormalities may change over time, and obtaining a biopsy sample at a specific moment may not capture the full picture of the disease, particularly if there are temporal variations or if the lesion is evolving.
Addressing these limitations requires ongoing research and development efforts to refine biopsy techniques, improve imaging and guidance systems, and enhance the accuracy of sample collection. Emerging technologies like liquid biopsies aim to overcome some of these limitations by providing non-invasive or minimally invasive alternatives to traditional tissue biopsies.
Current Trends on Biopsy Devices:
Image-Guided Biopsies is augmenting the market growth
Image-guided biopsies are a current trend in the field of biopsy devices. These procedures involve the use of real-time imaging techniques to guide the biopsy needle to the precise location of the target tissue. Several imaging modalities can be utilized for image-guided biopsies, including ultrasound, CT scans, and MRI.
Ultrasound-guided biopsies use sound waves to create real-time images of the internal organs and tissues. An ultrasound probe is used to visualize the target area, guide the needle to the desired location, and monitor the needle placement in real time.
CT-guided biopsies utilize computed tomography scans to provide detailed cross-sectional images of the body. A CT scanner is used to identify the target area, guide the needle to the precise location, and confirm the needle position using the CT images.
MRI-guided biopsies employ magnetic resonance imaging to generate high-resolution images of the body's internal structures. MRI images are used to visualize the target area, guide the needle to the specific location, and ensure accurate sample collection.
Image-guided biopsies offer several advantages over traditional blind biopsies. The use of real-time imaging increases the accuracy of the biopsy by allowing for precise targeting of the abnormal tissue. It also improves safety by helping to avoid critical structures and reduces the need for more invasive surgical procedures. Furthermore, image guidance provides enhanced visualization, particularly for deep-seated or small lesions that may be challenging to identify using other methods.
Continuous advancements in imaging technology, navigation systems, and needle guidance methods are further enhancing the accuracy, efficiency, and safety of image-guided biopsies. These advancements contribute to improved patient care and diagnostic outcomes in the field of biopsy devices.
Impact of the COVID-19 pandemic on the Biopsy Devices Market:
The COVID-19 pandemic has had a significant impact on the biopsy devices market, as it has on various sectors within the healthcare industry. The pandemic led to the delay or deferral of elective and non-urgent medical procedures, including biopsies. This was done to prioritize resources for COVID-19 patients and minimize the risk of virus transmission. The decline in the number of biopsy procedures performed resulted in reduced demand for biopsy devices.
Disruptions in the global supply chain occurred due to the pandemic. Travel restrictions, factory closures, and logistical challenges led to delays in the production, distribution, and availability of biopsy devices. Some regions experienced shortages or limited availability of these devices as a result.
Healthcare providers increasingly adopted telemedicine and remote monitoring solutions to minimize in-person visits and reduce the risk of exposure. While suitable for certain medical consultations, this approach limited the ability to perform in-person biopsy procedures, especially those requiring precise targeting or image guidance.
Moreover, the healthcare industry directed significant resources towards COVID-19 testing, research, and vaccine development during the pandemic. As a result, attention and funding for non-COVID-related procedures and medical devices, including biopsy devices, were reduced.
Furthermore, healthcare facilities implemented strict safety measures and protocols to minimize the risk of infection transmission. These measures included enhanced disinfection practices, PPE requirements, and changes in patient scheduling and workflow. These safety measures impacted the biopsy process and necessitated adjustments in the use of biopsy devices.
However, as the pandemic situation improved and healthcare systems adapted, there has been a gradual recovery and resumption of biopsy procedures. Healthcare providers have implemented strategies to address the backlog of deferred procedures and ensure patient safety, leading to an increased demand for biopsy devices.
It's important to recognize that the specific impact of the COVID-19 pandemic on the biopsy devices market can vary across regions and healthcare systems. Factors such as the severity and duration of the pandemic, vaccination rates, government policies, and the capacity of healthcare systems to adapt to the challenges have influenced the overall impact on the market.
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May 2023
Owlstone Medical receives funds from US Department of Defense’s (DoD) division Defense Innovation Unit for breath biopsy device development.
Owlstone Medical has received a contract from the US Department of Defense’s (DoD) division Defense Innovation Unit for the development of a handheld breath biopsy device for the early detection of infectious diseases.
The funds will be used for the ‘EXHALE’ project that calls for the development of a handheld device to facilitate the non-invasive detection of pre-symptomatic respiratory infectious disease.
This project aims to detect human infections early by analysing volatile organic compounds (VOCs) found in breath.
Top Companies Market Share in Biopsy Devices Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America Biopsy Devices market is expected to grow at the fastest growth rate during the forecast period:
The North America biopsy devices market is a significant segment within the global healthcare industry, encompassing countries such as the United States and Canada. It is characterized by a robust healthcare infrastructure and a high prevalence of cancer, driving the demand for biopsy devices.
Technological advancements have played a crucial role in shaping the North America biopsy devices market. The region is known for its strong focus on research and development, leading to the introduction of advanced biopsy devices and technologies. Innovations such as image-guided biopsies, robotic-assisted biopsies, and molecular diagnostics have significantly improved the accuracy and safety of biopsy procedures.
Minimally invasive techniques, including image-guided biopsies and liquid biopsies, have gained popularity in North America. These techniques offer benefits such as reduced patient discomfort, shorter recovery times, and lower risk of complications. Consequently, the demand for minimally invasive biopsy devices continues to grow in the region.
The North America biopsy devices market is highly competitive, with prominent players competing to gain market share. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to stay ahead. Continuous research and development activities drive the development of next-generation biopsy devices.
Collaboration between biopsy device manufacturers and research institutes, academic centers, and healthcare facilities is common in North America. These collaborations drive innovation and facilitate the development and evaluation of new biopsy technologies.
Overall, the North America biopsy devices market is poised for sustained growth due to factors such as the increasing prevalence of cancer, technological advancements, and the demand for minimally invasive procedures. Continued research and development efforts, along with strategic collaborations, will further drive the market, providing healthcare professionals and patients with advanced tools for accurate diagnosis and treatment decision-making.
The current report Scope analyzes Biopsy Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Biopsy Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Biopsy Devices Industry growth. Biopsy Devices market has been segmented with the help of its Product, Application Imaging Technology, and others. Biopsy Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Needle-based biopsy guns segment has held the largest revenue market share in 2022
Needle-based biopsy guns are commonly used devices for obtaining tissue samples during biopsy procedures. They consist of a spring-loaded mechanism that rapidly advances a cutting needle into the target tissue to collect a sample. These guns are available in various sizes and configurations to cater to different biopsy requirements and target areas.
The popularity and high market share of needle-based biopsy guns can be attributed to several factors. Firstly, they offer ease of use and efficiency, allowing for quick and accurate sample collection. The spring-loaded mechanism aids in obtaining an adequate tissue sample in a controlled manner.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Biopsy Devices from 2019 to 2031. This will also help to analyze the demand for Biopsy Devices across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Biopsy Devices are:
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Biopsy Devices Market is witnessing significant growth in the near future.
In 2023, the Needle-based Biopsy Guns segment accounted for noticeable share of global Biopsy Devices Market and is projected to experience significant growth in the near future.
The Lung biopsy segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cardinal Health Inc. , Danaher Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Needle-based Biopsy Guns, Biopsy Guidance Systems, Biopsy Forceps, Biopsy Needles |
Application | Lung biopsy, Breast biopsy, Gastroenterology biopsy, Gynecological biopsy, Prostate biopsy, Kidney biopsy, Liver biopsy, Others |
Imaging Technology | CT scan, MRI-guided biopsy, Ultrasound-guided biopsy, Stereotactic-guided biopsy, Others |
End | Hospitals, Diagnostic & Imaging Centers, Others |
List of Competitors | Cardinal Health Inc., Hologic Inc., Danaher Corporation, CONMED Corporation, Cook Medical, DTR Medical, INRAD Inc., Devicor Medical Products Inc., Gallini Srl, TransMed7 LLC, others |
This chapter will help you gain GLOBAL Market Analysis of Biopsy Devices. Further deep in this chapter, you will be able to review Global Biopsy Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Imaging Technology Analysis 2019 -2031
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Chapter 13 Market Split by End Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Biopsy Devices market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Needle-based Biopsy Guns have a significant impact on Biopsy Devices market? |
What are the key factors affecting the Needle-based Biopsy Guns and Biopsy Guidance Systems of Biopsy Devices Market? |
What is the CAGR/Growth Rate of Lung biopsy during the forecast period? |
By type, which segment accounted for largest share of the global Biopsy Devices Market? |
Which region is expected to dominate the global Biopsy Devices Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Quantitative Data |
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