Cold Disposable Biopsy Forceps Market Growth, Regional Analysis, Trends and Forecast 2022-2031
The global demand for Cold Disposable Biopsy Forceps Market increased at 8.4% CAGR from 2021 to 2031, from an estimated market value of around US$ 542.7 Mn in 2021.
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According to a recent study by Future Market Insights (FMI), the Cold Disposable Biopsy Forceps Market is expected to witness high growth during the forecast period. The market value is slated to increase from US$ 505.1 Mn in 2020 to over US$ 1,215.0 Bn by 2031 at 8.4% CAGR over the forecast period (2021-2031).
|Data Points||Market Insights|
|Cold Disposable Biopsy Forceps Market Value 2020||US$ 505.1 Mn|
|Cold Disposable Biopsy Forceps Market Value 2031||US$ 1,215.0 Bn|
|Top 5 Countries % Share||66.0%|
|Cold Disposable Biopsy Forceps Market Key Players||Olympus Corporation, Boston Scientific Corporation, STERIS, CONMED Corporation, Cook Medical, Micro-Tech Endoscopy, Anrei Medical and others (100% Market Share)|
The cold disposable biopsy forceps market will register high demand due to the rising prevalence bronchitis and gastrointestinal disorders such as IBD and GERD among the geriatric population and the increasing awareness towards endoscopic procedures. There is also a rise in the adoption of disposable biopsy forceps that to be reliable for test sampling expects to gain popularity.
At present, the minimally-invasive technology, with the endoscope system at the core, has been extended to obstetrics, general surgery, otolaryngology, gynecology, thoracic surgery, urology, pediatrics, and other departments. Minimally-invasive endoscopic technology has become an indispensable technology for the diagnosis and treatment of chronic diseases associated with breathing, digestion, urology, otolaryngology, and so on.
With the rising demand for endoscopic minimally-invasive technology and continuous improvement in endoscopic processing technology, endoscopic applications have become prominent in almost all departments. The growing demand for diagnosis and endoscopic treatment is expected to further boost the demand for cold disposable biopsy forceps.
Numerous recent technological advances are becoming available to endoscopists. An abundance of new imaging modalities is expected to facilitate early detection of chronic disorders and other pathological entities. Most of these techniques remain investigational and are currently in clinical trials to determine patient benefits.
Companies are expanding their product lines by manufacturing different types of products for a wide range of applications.
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Scope of the Report
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value, (‘000’ Units) for Volume|
|Key Regions Covered||North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa|
|Key Countries Covered||US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia and New Zealand, GCC Countries, Turkey, South Africa, and North Africa|
|Key Market Segments Covered||Product, Diameter, Length, Application, End User, and Region|
|Key Companies Profiled||
For instance, Micro-Tech Endoscopy is mainly engaged in the R&D, manufacturing, and sales of minimally-invasive medical devices, in line with its mission of supporting clinicians with technology and innovation.
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Key Takeaways from Cold Disposable Biopsy Forceps Market Study
- Oval cup forceps gained popularity and their sales are expected to grow at a CAGR of 8.8% during the forecast period.
- 2.8 mm diameter have sharpened cups which ensure superior cutting performance and lead to fewer artefacts and less bleeding. The segment is therefore expected to account for a share of 24.9% in 2021.
- 2300 mm length forceps has precise jaws, no tearing and cause small wound. The segment accounted for the highest share of 37.9% in 2021.
- Upper GI Endoscopy dominated the application segment with the highest market share of 24.9% in 2021.
- Hospitals accounted for the largest share of around 42.0% in 2021 and will remain the end user in the market.
Who is winning?
The key players are focusing on acquisitions and partnerships with small players and suppliers to increase their market presence. Besides this, they are adopting various strategies to expand their footprint. For instance:
In April 2018, Boston Scientific Corporation closed its acquisition of NxThera. The company developed a minimally-invasive therapy the Rezūm system, for patients suffering from symptomatic benign prostatic hyperplasia. With the completion of the acquisition, NxThera became a part of Boston Scientific’s urology and pelvic health business. Moreover, the manufacturers are focusing on research and development activities for developing cold disposable biopsy forceps for various research applications.
In July 2020, ChargePoint and STERIS collaborated to develop a fully validated sterile transfer solution to offer a unique and integrated solution for sterile product transfer.
Some of the leading players in the cold disposable biopsy forceps market include but are not limited to Olympus Corporation, Boston Scientific Corporation, STERIS, CONMED Corporation, Cook Medical, Micro-Tech Endoscopy, Anrei Medical and other companies.
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