Biopsy Device Market

ethansmith

Global Biopsy Device

Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2016

Future Market Insights

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Report Description

Diagnosis of many medical conditions, such as cancer, is done by removing a sample of

tissue from the patient’s body followed by its examination. This procedure is termed as

biopsy. Biopsy is a medical procedure involving removal of tissue in order to examine the

presence, cause or extent of a disease. The tissue samples may be taken from any part of

the body. Growing prevalence of various forms of cancer and other infectious diseases

are expected to drive the global biopsy device market. According to international cancer

agencies, by 2030 the number of cancer incidence is expected to reach over 23 million

which is directly expected to affect the number of required biopsies. There are two main

types of biopsies, needle and surgical biopsy. A needle biopsy includes, core needle

biopsy, a fine needle aspiration, stereotactic core needle biopsy and vacuum assisted

biopsy. Superficial lumps or masses are diagnosed using fine needle aspiration biopsy. For

cancer diagnosis a fine needle is inserted into the body mass for isolation of infected cell

and tissues. Surgical biopsy includes incisional biopsy and excisional biopsy. Incisional

biopsy involves removal of suspicious tissue for diagnosis whereas excisional biopsy

involves surgical removal of entire lump along with normal tissue surrounding it. Biopsies

can be performed on almost all organs like skin, heart, bladder, liver, breast, neck, bone

marrow etc. Usually biopsies are performed as an out-patient procedure and do not

require admission. Vacuum assisted biopsy procedure is the fastest growing biopsy

procedure owing to rising cases of breast cancer worldwide. This is one of the most

important diagnostic methods for the diagnosis of breast cancer.

The global market for biopsy devices is expected to exhibit a single digit CAGR over the

forecast period (2016-2026).


Report Description

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Biopsy Device Market: Drivers and Restraints

The global biopsy market will experience a considerable growth over the forecast period

driven by increasing prevalence of cancer cases, growing demand for minimally invasive

biopsy procedures, rapidly aging global population. Growing public awareness about

various diseases, advancements in biopsy procedures and the need for screenings

conducted for early diagnosis and treatment of various diseases are also expected to fuel

the global biopsy device market.

Factors responsible for restraining the growth of global biopsy devices market include,

clinical issues in the core needle biopsy, stringent regulation and standards for the use of

biopsy and increasing complaints regarding the breast cancer screening procedure.

Moreover, high cost of biopsy devices is impeding the growth of global biopsy devices

market.

Biopsy Device Market: Segmentation

Global Biopsy Device Marketis segmented on the basis of product, type, application, end

use and geography as following:

By Product

Instruments


Report Description

By Type

Needle Biopsy

Surgical Biopsy

By Application

Scientific Research

Medical Diagnosis

Agricultural Applications

Genetic fingerprinting and sex determination

By End User

Pharmaceutical and Biotechnology Industry

Academic Research Institute

Contract Research Organizations

Forensic labs

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Biopsy Device Market: Overview


Report Description

With rising incidence of diseases, rapid technological advancements in medical field, and

increased spending in research and development, the global biopsy device market is

expected to have a robust growth during the forecast period (2016-2026).

Biopsy Device Market: Region- wise Outlook

The global market for Biopsy Device is expected to register a healthy CAGR during the

forecast period. Depending on geographic regions, global Biopsy Device market is

segmented into seven key regions: North America, South America, Eastern Europe,

Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.

In terms of region North America holds the largest share in the global biopsy device

market owing to rising geriatric population with different disease indication especially

rising prevalence of cancer and increasing demand for minimally invasive procedures.

Europe holds the second largest market for biopsy devices owing to adoption of

advanced technology in biotechnology and research sector and innovation technologies.

However, growing prevalence of cancer among geriatric population in the developed

Western European region is also expected to contribute towards the global biopsy device

market growth. Asia pacific is expected to represent strong potential market growth in

the biopsy devices market owing to rapid technological advancements, growing incidence

of cancer and increasing awareness of various diseases among patients and physicians.

In addition, regular cancer screening programs conducted by government aimed at

encouraging individuals to undertake regular cancer screening and high penetration of

technologically advanced devices are expected to fuel the overall biopsy device market


Report Description

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Biopsy Device Market: Key Players

Some of the key market players in global Biopsy Device market are Angiotech, Cardinal

Health Inc, Carefusion Corporation, C.R. Bard Inc, Devicor Medical Products Inc, DTR

Medical, Hologic, Inc and INRAD, Inc. The research report presents a comprehensive

assessment of the market and contains thoughtful insights, facts, historical data, and

statistically supported and industry-validated market data. It also contains projections

using a suitable set of assumptions and methodologies. The research report provides

analysis and information according to categories such as market segments, geographies,

types, technology and applications.


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