Biopsy Devices Market- Share and Healthy CAGR in the Upcoming Forecast 2028
Research Nester released a report titled “Biopsy Devices Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the biopsy devices market in terms of market segmentation by product type, by application, by guidance, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Biopsy devices are the devices that facilitate the detection of cancerous tissues and the surgical removal with precision. Owing to its applications in various carcinomas, the global biopsy market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. Based on product type, the market is bifurcated into needles, vacuum-assisted devices, syringes, forceps and others, out of which, the highest stance is estimated to be held by vacuum assisted devices.
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This can be attributed to the ease of operability and availability in the market. The market is further segmented by application into breast biopsy, lung biopsy and other cancer treatments. Additionally, the effectiveness of the devices in locating the tumor and removal with surgical precision is high, thus it is preferred by surgeons and is contributing to the growth of the segment.
Geographically, the global biopsy devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in North America is predicted to hold the leading share on account of presence of leading market players in the region which manufacture and market biopsy devices. Additionally, the prevalence of cancer and increase in alcohol and tobacco consumption in the region are anticipated to increase the product demand. Rising pollution levels and fast rate of ageing population in Asia Pacific is expected to drive the market growth in the region.
Prevalence of Cancer and Technological advancements to Boost the Market Growth
The demand for biopsy devices is high owing to the rising inclination towards early detection and diagnosis of cancer which is driven by technological advancements towards discovery of devices with superior guidance systems. Additionally, various authoritative bodies across the world are prescribing the devices and raising awareness related to adopting these solutions in an attempt to curb cancer and ill effects. Such factors are anticipated to significantly drive the market growth. However, high cost of these biopsy devices is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global Biopsy devices market which includes company profiling of ARGON MEDICAL, INRAD, Inc., Cook Group, Medtronic, FUJIFILM Holdings America Corporation, Cardinal Health, Boston Scientific Corporation, Becton, Dickinson and Company, B. Braun Melsungen AG, Olympus Corporation.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global biopsy devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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