PUBLISHER: Renub Research | PRODUCT CODE: 1452709
PUBLISHER: Renub Research | PRODUCT CODE: 1452709
Biopsy Devices Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis
Biopsy Devices Market is predicted to reach US$ 3.84 Billion by 2030, according to Renub Research. The evolution of biopsy from crude to minimally invasive techniques revolutionized medical diagnostics. It provides critical insights into diseases like cancer and infections and guides treatment selections for better patient effects. It stays pivotal in early detection and remedy techniques, with various devices catering to numerous techniques and anatomical sites, ensuring specific sampling while minimizing discomfort and hazards. Technological advancements enhance accuracy and speed in procedures like fine needle aspiration and core needle biopsy, underscoring their significance in modern-day healthcare.
Biopsy Devices Market is forecasted to rise at a CAGR of 6.94% during 2024 to 2030
The increasing occurrence of cancers globally drives growth within the biopsy devices market. The usage of biopsy devices drives this to diagnose and manage various cancers. According to the World Health Organization (WHO), in 2022, there were an anticipated 20 million new cancer cases and 9.7 million deaths. The number of people who have been alive within five years following a cancer diagnosis is expected to be 53.5 million. About one in 5 people will develop cancer at some stage in their lifetime, and about one in nine guys and one in twelve women will die from the disease.
Further, minimally invasive procedures offer quick recovery and reduced trauma, fueling their popularity. Research shows they are changing invasive surgeries and improving the patient's satisfaction. Rising demand for less invasive surgical procedures and disposable biopsy devices will increase the enterprise. Advanced biopsy steerage systems like vacuum-assisted guns benefit traction among sufferers and carriers. Innovations like Vacora, Finesse Ultra Breast Biopsy System, and Celero VAB gadgets will bolster the boom trajectory of the biopsy devices market.
The worldwide population of older people appreciably drives the increase in the biopsy devices market. With over 760 million individuals aged 65 or older, comprising 9% of the total population, projections indicate an upward push to 1.6 billion by 2050. This trend is said explicitly in low- and middle-profit nations (LMICs), where the over-65 population is ready to increase from 37 million in 2019 to 120 million by 2050. Notably, cancer prevalence peaks at later life stages, with around 50% of instances taking place in people aged 65 or older, according to the GLOBOCAN 2022 report.
Moreover, the fragmented biopsy devices market has numerous players and standard product launches. Companies take advantage of techniques like tech innovations and partnerships. Product launches, collaborations, and growth power market capitalization, facilitating innovation and market admission. In August 2022, Devicor Medical Products, Inc. launched the MammotomeDualCore Dual Stage Core Biopsy System, exemplifying this trend. Hence, the Biopsy Devices Market was worth US$ 2.40 Billion in 2023.
Needle-based guns are expected to emerge as one of the top leaders in the global biopsy device market
The biopsy devices market is fragmented by product into Needle-Based Guns, Biopsy Guidance Systems, Biopsy Needles, Biopsy Forceps, and Others. Needle-based guns are poised to be among the global biopsy device market leaders. This is due to their minimally invasive nature, precise tissue sampling abilities, and rapid procedure times. These factors make them favored tools for clinicians performing biopsies, driving their prominence within the biopsy device market.
The number of lung biopsies may increase as the global market for biopsy devices grows
The biopsy devices market is segmented based on application into Breast Biopsy, Lung Biopsy, Prostate Biopsy, Liver Biopsy, Gastroenterology Biopsy, and Others. Lung biopsies might be rising as a developing international biopsy devices market segment. This is attributed to the growing occurrence of lung illnesses, including cancer and infections. The demand for minimally invasive diagnostic processes to correctly assess lung conditions fuels the adoption of lung biopsy devices.
There is a possibility of growth for ultrasound technology in the global biopsy devices market
The market for biopsy devices is categorized based on the technology used, including CT scans, stereotactic ultrasounds, MRIs, and other segments. Ultrasound technology is potentially experiencing growth in the global biopsy devices market. This is because of its non-invasive nature, real-time imaging competencies, and ability to guide biopsy processes correctly. With the increasing demand for minimally invasive diagnostic techniques, ultrasound-guided biopsies offer progressed precision and decreased patient pain, propelling biopsy devices market expansion.
Diagnostic and imaging facilities are one of the segments gaining traction in the global biopsy devices market
The biopsy devices market is categorized into Hospitals, Diagnostic & Imaging Centers, and Others by end-user. Due to their superior imaging technologies and specialized information, diagnostic and imaging facilities are among the segments gaining traction within the global biopsy devices market. They offer precise guidance and interpretation for biopsy strategies, enhancing diagnostic accuracy and patient care.
Asia-Pacific market for biopsy devices is set to experience one of the highest growth rates
This report divides the biopsy devices market by country. The regions included in the report are North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). The Asia-Pacific biopsy devices market is poised for one of the highest growth quotes. This is because of the growing cancer prevalence, considerable populations in countries like China and India, improved healthcare infrastructure, higher healthcare spending, authorities initiatives, and accelerated attention from predominant market players. The Chinese biopsy devices market holds the most significant percentage, while Japan's market is the fastest-growing. For example, Hologic has launched the Brevera Breast Biopsy System with CorLumina Imaging Technology in Japan. The system streamlines imaging and biopsy sample series, reducing the need for multiple devices.
Key Players
Cardinal Health, Inc., Hologic, Inc., Danaher Corporation, Becton, Dickinson and Company, Boston Scientific Corporation, Medtronic plc., Olympus Corporation, and CONMED Corporation are the prominent companies in the biopsy devices market.
- In March 2022- Trivitron Healthcare acquired The Kennedy Company, a leading manufacturer of X-ray shielding materials and acoustic barrier products for radiation protection. The acquisition will help Trivitron serve clients of acquired companies with breast biopsy products in the US.
Product - Market breakup in 5 viewpoints:
1. Needle-Based Guns
2. Biopsy Guidance Systems
3. Biopsy Needles
4. Biopsy Forceps
5. Others
Application - Market breakup in 6 viewpoints:
1. Breast Biopsy
2. Lung Biopsy
3. Prostate Biopsy
4. Liver Biopsy
5. Gastroenterology Biopsy
6. Others
Technology - Market breakup in 5 viewpoints:
1. CT Scan
2. Stereotactic Guided
3. Ultrasound Guided
4. MRI Guided
5. Others
End-User - Market breakup in 3 viewpoints:
1. Hospitals
2. Diagnostic & Imaging Center
3. Others
Country - Market of 25 Countries Covered in the Report:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherland
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Cardinal Health, Inc.
2. Hologic, Inc.
3. Danaher Corporation
4. Becton, Dickinson and Company
5. Boston Scientific Corporation
6. Medtronic plc.
7. Olympus Corporation
8. CONMED Corporation
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Biopsy Devices Market
6. Market Share - Global Biopsy Devices
- 6.1 By Product
- 6.2 By Application
- 6.3 By Technology
- 6.4 By End User
- 6.5 By Countries
7. Product - Biopsy Devices Market
- 7.1 Needle-Based Guns
- 7.2 Biopsy Guidance Systems
- 7.3 Biopsy Needles
- 7.4 Biopsy Forceps
- 7.5 Others
8. Application - Biopsy Devices Market
- 8.1 Breast Biopsy
- 8.2 Lung Biopsy
- 8.3 Prostate Biospy
- 8.4 Liver Biopsy
- 8.5 Gastroenterology Biopsy
- 8.6 Others
9. Technology - Biopsy Devices Market
- 9.1 CT Scan
- 9.2 Stereotactic Guided
- 9.3 Ultrasound Guided
- 9.4 MRI Guided
- 9.5 Others
10. End User - Biopsy Devices Market
- 10.1 Hospitals
- 10.2 Diagnostic & Imaging Center
- 10.3 Others
11. Countries - Biopsy Devices Market
- 11.1 North America
- 11.1.1 United States
- 11.1.2 Canada
- 11.2 Europe
- 11.2.1 France
- 11.2.2 Germany
- 11.2.3 Italy
- 11.2.4 Spain
- 11.2.5 United Kingdom
- 11.2.6 Belgium
- 11.2.7 Netherland
- 11.2.8 Turkey
- 11.3 Asia Pacific
- 11.3.1 China
- 11.3.2 Japan
- 11.3.3 India
- 11.3.4 South Korea
- 11.3.5 Thailand
- 11.3.6 Malaysia
- 11.3.7 Indonesia
- 11.3.8 Australia
- 11.3.9 New Zealand
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.2 Mexico
- 11.4.3 Argentina
- 11.5 Middle East & Africa
- 11.5.1 Saudi Arabia
- 11.5.2 UAE
- 11.5.3 South Africa
12. Porter's Five Forces Analysis - Biopsy Devices Market
- 12.1 Bargaining Power of Buyers
- 12.2 Bargaining Power of Suppliers
- 12.3 Degree of Rivalry
- 12.4 Threat of New Entrants
- 12.5 Threat of Substitutes
13. SWOT Analysis - Biopsy Devices Market
- 13.1 Strength
- 13.2 Weakness
- 13.3 Opportunity
- 13.4 Threat
14. Key Players Analysis
- 14.1 Cardinal Health, Inc.
- 14.1.1 Overview
- 14.1.2 Recent Development
- 14.1.3 Revenue Analysis
- 14.2 Hologic, Inc.
- 14.2.1 Overview
- 14.2.2 Recent Development
- 14.2.3 Revenue Analysis
- 14.3 Danaher Corporation
- 14.3.1 Overview
- 14.3.2 Recent Development
- 14.3.3 Revenue Analysis
- 14.4 Becton, Dickinson and Company
- 14.4.1 Overview
- 14.4.2 Recent Development
- 14.4.3 Revenue Analysis
- 14.5 Boston Scientific Corporation
- 14.5.1 Overview
- 14.5.2 Recent Development
- 14.5.3 Revenue Analysis
- 14.6 Medtronic plc.
- 14.6.1 Overview
- 14.6.2 Recent Development
- 14.6.3 Revenue Analysis
- 14.7 Olympus Corporation
- 14.7.1 Overview
- 14.7.2 Recent Development
- 14.7.3 Revenue Analysis
- 14.8 CONMED Corporation
- 14.8.1 Overview
- 14.8.2 Recent Development
- 14.8.3 Revenue Analysis
List of Figures
- Figure-01: Global - Biopsy Devices Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Biopsy Devices Market (Billion US$), 2024 - 2030
- Figure-03: Product - Needle-Based Guns Market (Million US$), 2019 - 2023
- Figure-04: Product - Forecast for Needle-Based Guns Market (Million US$), 2024 - 2030
- Figure-05: Product - Biopsy Guidance Systems Market (Million US$), 2019 - 2023
- Figure-06: Product - Forecast for Biopsy Guidance Systems Market (Million US$), 2024 - 2030
- Figure-07: Product - Biopsy Needles Market (Million US$), 2019 - 2023
- Figure-08: Product - Forecast for Biopsy Needles Market (Million US$), 2024 - 2030
- Figure-09: Product - Biopsy Forceps Market (Million US$), 2019 - 2023
- Figure-10: Product - Forecast for Biopsy Forceps Market (Million US$), 2024 - 2030
- Figure-11: Product - Others Market (Million US$), 2019 - 2023
- Figure-12: Product - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-13: Application - Breast Biopsy Market (Million US$), 2019 - 2023
- Figure-14: Application - Forecast for Breast Biopsy Market (Million US$), 2024 - 2030
- Figure-15: Application - Lung Biopsy Market (Million US$), 2019 - 2023
- Figure-16: Application - Forecast for Lung Biopsy Market (Million US$), 2024 - 2030
- Figure-17: Application - Prostate Biospy Market (Million US$), 2019 - 2023
- Figure-18: Application - Forecast for Prostate Biospy Market (Million US$), 2024 - 2030
- Figure-19: Application - Liver Biopsy Market (Million US$), 2019 - 2023
- Figure-20: Application - Forecast for Liver Biopsy Market (Million US$), 2024 - 2030
- Figure-21: Application - Gastroenterology Biopsy Market (Million US$), 2019 - 2023
- Figure-22: Application - Forecast for Gastroenterology Biopsy Market (Million US$), 2024 - 2030
- Figure-23: Application - Others Market (Million US$), 2019 - 2023
- Figure-24: Application - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-25: Technology - CT Scan Market (Million US$), 2019 - 2023
- Figure-26: Technology - Forecast for CT Scan Market (Million US$), 2024 - 2030
- Figure-27: Technology - Stereotactic Guided Market (Million US$), 2019 - 2023
- Figure-28: Technology - Forecast for Stereotactic Guided Market (Million US$), 2024 - 2030
- Figure-29: Technology - Ultrasound Guided Market (Million US$), 2019 - 2023
- Figure-30: Technology - Forecast for Ultrasound Guided Market (Million US$), 2024 - 2030
- Figure-31: Technology - MRI Guided Market (Million US$), 2019 - 2023
- Figure-32: Technology - Forecast for MRI Guided Market (Million US$), 2024 - 2030
- Figure-33: Technology - Others Market (Million US$), 2019 - 2023
- Figure-34: Technology - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-35: End User - Hospitals Market (Million US$), 2019 - 2023
- Figure-36: End User - Forecast for Hospitals Market (Million US$), 2024 - 2030
- Figure-37: End User - Diagnostic & Imaging Center Market (Million US$), 2019 - 2023
- Figure-38: End User - Forecast for Diagnostic & Imaging Center Market (Million US$), 2024 - 2030
- Figure-39: End User - Others Market (Million US$), 2019 - 2023
- Figure-40: End User - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-41: United States - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-42: United States - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-43: Canada - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-44: Canada - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-45: France - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-46: France - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-47: Germany - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-48: Germany - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-49: Italy - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-50: Italy - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-51: Spain - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-52: Spain - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-53: United Kingdom - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-54: United Kingdom - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-55: Belgium - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-56: Belgium - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-57: Netherland - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-58: Netherland - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-59: Turkey - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-60: Turkey - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-61: China - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-62: China - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-63: Japan - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-64: Japan - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-65: India - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-66: India - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-67: South Korea - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-68: South Korea - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-69: Thailand - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-70: Thailand - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-71: Malaysia - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-72: Malaysia - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-73: Indonesia - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-74: Indonesia - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-75: Australia - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-76: Australia - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-77: New Zealand - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-78: New Zealand - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-79: Brazil - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-80: Brazil - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-81: Mexico - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-82: Mexico - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-83: Argentina - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-84: Argentina - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-85: Saudi Arabia - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-86: Saudi Arabia - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-87: UAE - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-88: UAE - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-89: South Africa - Biopsy Devices Market (Million US$), 2019 - 2023
- Figure-90: South Africa - Forecast for Biopsy Devices Market (Million US$), 2024 - 2030
- Figure-91: Cardinal Health, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-92: Cardinal Health, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-93: Hologic, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-94: Hologic, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-95: Danaher Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-96: Danaher Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-97: Becton, Dickinson and Company - Global Revenue (Million US$), 2019 - 2023
- Figure-98: Becton, Dickinson and Company - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-99: Boston Scientific Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-100: Boston Scientific Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-101: Medtronic plc. - Global Revenue (Million US$), 2019 - 2023
- Figure-102: Medtronic plc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-103: Olympus Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-104: Olympus Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-105: CONMED Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-106: CONMED Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Biopsy Devices Market Share by Product (Percent), 2019 - 2023
- Table-02: Global - Forecast for Biopsy Devices Market Share by Product (Percent), 2024 - 2030
- Table-03: Global - Biopsy Devices Market Share by Application (Percent), 2019 - 2023
- Table-04: Global - Forecast for Biopsy Devices Market Share by Application (Percent), 2024 - 2030
- Table-05: Global - Biopsy Devices Market Share by Technology (Percent), 2019 - 2023
- Table-06: Global - Forecast for Biopsy Devices Market Share by Technology (Percent), 2024 - 2030
- Table-07: Global - Biopsy Devices Market Share by End User (Percent), 2019 - 2023
- Table-08: Global - Forecast for Biopsy Devices Market Share by End User (Percent), 2024 - 2030
- Table-09: Global - Biopsy Devices Market Share by Countries (Percent), 2019 - 2023
- Table-10: Global - Forecast for Biopsy Devices Market Share by Countries (Percent), 2024 - 2030
