Grand View Research, Inc. - Market Research And Consulting.The global biopsy devices market size is expected to reach USD 2.3 billion by 2020, according to report by Grand View Research, Inc.Growing incidence of cancer, rising geriatric population across the world, and soaring demand for less invasive biopsy procedures are some of the key trends stimulating market growth.
Based on a report by Grand View Research, Inc.; the global biopsy devices market is anticipated to reach USD 2.3 billion by 2020. High demand for effective diagnostic procedures for cancer is anticipated to drive market growth over the forecast period (2012 to 2020). Rising preference for less invasive surgeries to reduce post-surgery complications is projected to bode well for market expansion in near future.
Rising cases of cancer are expected to surge demand for biopsy procedures. This, in turn, can fuel demand for advanced devices over the next few years. Growing adoption of minimally invasive medical procedures owing to less trauma and quick recovery post-surgery can further augment market. Favorable initiatives by governments of various nations to curb high costs associated with cancer treatment can fuel demand for advanced diagnostic procedures. This factor is anticipated to stimulate market growth during the forecast period.
The worldwide biopsy devices market can be segregated on the basis of product and region. Based on product, the market can be categorized into needle-based biopsy guns, needles, guidance systems, forceps, and others. In 2013, needle based biopsy guns held the largest market share. Rising demand for these guns to acquire samples from soft tissues of internal organs such as kidneys, breasts, and lungs can contribute to growth. In addition, high demand for gentle procurement of cell samples can surge demand for advanced biopsy devices. This, in turn can fuel growth of segment over next few years.
Full Research Report On Biopsy Devices Market Analysis: www.grandviewresearch.com/industry-analysis/biopsy-devices-industry
The segment can be divided further into vacuum-assisted, core needle, and fine needle aspiration devices. Vacuum-assisted devices are expected to register high demand over next few years. These devices are available in semi-automatic, manual and automatic with spring loaded mechanism to obtain samples for laboratory testing in minimally invasive manner. Such devices offer precision and high efficiency in withdrawal of large volumes and excellent quality tissue samples with minimal number of passes through the skin.
Similarly, continual R&D in medical devices is likely boost introduction of various novel devices and systems such as medical robotic systems in the market. These robotic guidance systems can increasing total number of surgeries performed by surgeons. In addition, they can reduce duration of treatment and can curb patient discomfort. This factor is projected to create positive influence on global market in the forthcoming years.
Biopsy needles segment can witness significant growth during the forecast period attributed to rising preference for disposable needles over their reusable counterparts. Growing concerns regarding cross-contamination and safety can further augment growth. Introduction of new disposable biopsy needles such as biopty-cut (coaxial needle), truguide (core needle), and ostycut (bone needle) can stimulate growth of the market over the next few years.
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Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. In 2016, North America accounted for largest market share attributed to presence of major players. It is likely to grow at similar pace during the forecast period. Rising penetration of technologically advanced devices such as vacuum assisted biopsy systems can further fuel market. In addition, rising demand for disposable devices can surge regional market. Moreover, increasing number of biopsies in U.S. and less stringent regulations from the U.S. Food and Drug Administration (FDA) to approve medical devices can further propel regional growth.
Asia Pacific market is expected to witness significant growth over the forecast period. Rapidly improving healthcare infrastructure in developing economies coupled with unmet patient needs can fuel market growth. In addition, rising cases of stomach and liver cancer can further stimulate demand for biopsy devices during the forecast period.
Some of the leading companies in biopsy devices market are Carefusion Corporation; Devicor Medical Products, Inc.; Hologic Inc.; C.R. Bard Inc.; and DTR Medical. Most companies focus on R&D to add technologically advanced and cost effective devices to their product portfolio. In addition, they are likely to adopt business strategies such as mergers and acquisitions to expand their business and geographical reach.
Grand View Research has segmented the global biopsy devices market based on product and region:
Biopsy Devices Product Outlook (Revenue USD Million, 2012 - 2020)
- Needle-based Biopsy Guns
- Vacuum-assisted Biopsy (VAB) Devices
- Fine Needle Aspiration Biopsy (FNAB) Devices
- Core Needle Biopsy (CNB) devices
- Biopsy Guidance Systems
- Manual
- Robotic
- Biopsy Needles
- Disposable
- Reusable
- Biopsy Forceps
- General Biopsy Forceps
- Hot Biopsy Forceps
- Others
- Brushes
- Curettes
- Punches
Biopsy Devices Regional Outlook (Revenue USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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