Global Fusion Biopsy Market Size Study, by Biopsy Route (Transrectal, Transperineal), by End-use (Hospitals, Diagnostic Centers, Ambulatory Care Centers), and Regional Forecasts 2022-2032

Description

The global fusion biopsy market, valued at approximately USD 618.8 million in 2023, is poised for substantial growth, projected to expand at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2032. Fusion biopsy, a cutting-edge diagnostic technique, integrates real-time ultrasound imaging with pre-acquired MRI data to enhance the precision of biopsies, particularly for detecting prostate cancer. This method offers a significant improvement over traditional biopsy techniques by providing more accurate targeting of suspicious tissue, thereby reducing unnecessary biopsies and enhancing the detection rate of clinically significant cancers.

Several factors are driving the growth of the fusion biopsy market. The rising prevalence of prostate cancer globally is one of the most critical drivers. As prostate cancer diagnosis becomes more prevalent, the demand for advanced diagnostic tools, such as fusion biopsy systems, continues to grow. Furthermore, technological advancements in imaging and biopsy techniques are propelling the market forward. The integration of MRI with ultrasound not only enhances biopsy accuracy but also reduces patient discomfort, making the procedure less invasive and more acceptable to patients and healthcare providers alike. Moreover, increased investment in healthcare infrastructure, especially in developing regions, is further bolstering market growth. Governments and private sectors are investing heavily in upgrading and expanding healthcare facilities, which includes the adoption of advanced diagnostic equipment like fusion biopsy systems. This trend is particularly evident in emerging markets, where the development of healthcare infrastructure is rapidly progressing, presenting significant opportunities for market expansion. However, the market also faces challenges, particularly the high cost associated with fusion biopsy equipment and procedures. The advanced technology used in these systems makes them expensive, which can limit their adoption, especially in cost-sensitive markets or regions with constrained healthcare budgets. Additionally, the need for specialized training to operate fusion biopsy systems poses another hurdle, particularly in developing regions where healthcare professionals may lack the necessary expertise.

Geographically, North America dominated the global fusion biopsy market in 2023, accounting for a revenue share of 41.90%. The region's dominance is expected to continue throughout the forecast period, driven by the presence of key players, the high incidence of prostate cancer, and a well-developed healthcare infrastructure. Meanwhile, the Asia Pacific region is anticipated to experience the fastest market growth, fueled by the rapid development of healthcare infrastructure, increasing awareness of prostate cancer, and rising adoption of advanced diagnostic technologies.

Major market players included in this report are:

Eigen Health
Koninklijke Philips N.V.
Hitachi, Ltd.
MedCom
ESAOTE SpA
KOELIS
Focal Healthcare
UC-Care Medical Systems Ltd.
GeoScan Medical
Company 10

The detailed segments and sub-segment of the market are explained below:

By Biopsy Route:

Transrectal
Transperineal

By End-use:

Hospitals
Diagnostic Centers
Ambulatory Care Centers

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Fusion Biopsy Market Executive Summary

1.1. Global Fusion Biopsy Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Biopsy Route
- 1.3.2. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Fusion Biopsy Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Fusion Biopsy Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Prevalence of Prostate Cancer
- 3.1.2. Technological Advancements
- 3.1.3. Increased Investment in Healthcare Infrastructure
3.2. Market Challenges
- 3.2.1. High Cost of Equipment and Procedures
- 3.2.2. Need for Specialized Training
3.3. Market Opportunities
- 3.3.1. Growing Awareness and Screening Programs
- 3.3.2. Expansion into Emerging Markets

Chapter 4. Global Fusion Biopsy Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunities
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Fusion Biopsy Market Size & Forecasts by Biopsy Route 2022-2032

5.1. Segment Dashboard
5.2. Global Fusion Biopsy Market: Biopsy Route Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Transrectal
- 5.2.2. Transperineal

Chapter 6. Global Fusion Biopsy Market Size & Forecasts by End-use 2022-2032

6.1. Segment Dashboard
6.2. Global Fusion Biopsy Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Hospitals
- 6.2.2. Diagnostic Centers
- 6.2.3. Ambulatory Care Centers

Chapter 7. Global Fusion Biopsy Market Size & Forecasts by Region 2022-2032

7.1. North America Fusion Biopsy Market
- 7.1.1. U.S. Fusion Biopsy Market
  - 7.1.1.1. Biopsy Route breakdown size & forecasts, 2022-2032
  - 7.1.1.2. End-use breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Fusion Biopsy Market
7.2. Europe Fusion Biopsy Market
- 7.2.1. U.K. Fusion Biopsy Market
- 7.2.2. Germany Fusion Biopsy Market
- 7.2.3. France Fusion Biopsy Market
- 7.2.4. Spain Fusion Biopsy Market
- 7.2.5. Italy Fusion Biopsy Market
- 7.2.6. Rest of Europe Fusion Biopsy Market
7.3. Asia-Pacific Fusion Biopsy Market
- 7.3.1. China Fusion Biopsy Market
- 7.3.2. India Fusion Biopsy Market
- 7.3.3. Japan Fusion Biopsy Market
- 7.3.4. Australia Fusion Biopsy Market
- 7.3.5. South Korea Fusion Biopsy Market
- 7.3.6. Rest of Asia Pacific Fusion Biopsy Market
7.4. Latin America Fusion Biopsy Market
- 7.4.1. Brazil Fusion Biopsy Market
- 7.4.2. Mexico Fusion Biopsy Market
- 7.4.3. Rest of Latin America Fusion Biopsy Market
7.5. Middle East & Africa Fusion Biopsy Market
- 7.5.1. Saudi Arabia Fusion Biopsy Market
- 7.5.2. South Africa Fusion Biopsy Market
- 7.5.3. Rest of Middle East & Africa Fusion Biopsy Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Eigen Health
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Koninklijke Philips N.V.
- 8.3.3. Hitachi, Ltd.
- 8.3.4. MedCom
- 8.3.5. ESAOTE SpA
- 8.3.6. KOELIS
- 8.3.7. Focal Healthcare
- 8.3.8. UC-Care Medical Systems Ltd.
- 8.3.9. GeoScan Medical

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes