The Biopsy Devices Market is all set to go great guns in the forecast period. Big data makes way for real-time data visualization, thereby identifying the high-risk populations. Healthcare organizations are into sharing more data. This creation and collection of bigger datasets are likely to increase precision and help organizations in spotting trends. These trends are expected to keep the entire healthcare vertical on the toes.
Cancer is a disease characterized by abnormal growth of cell. These abnormal cells can infect other normal cells and tissues. Cancer cells can reach to other part of the body through blood and lymph system. There are more than 100 types of cancer and most of them are categorized by the organ, such as colon cancer and melanoma.
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Biopsy is a medical test performed to examine and remove cancerous tissue from the body. When a patient is suspected to having cancer, biopsy is used to extract tissues sample for diagnosis of the disease. There are various types of biopsy used in diagnosis of cancers, such as shave biopsy, skin biopsy, incision & excision biopsy, fine needle aspiration, core needle biopsy and vacuum-assisted biopsy.
Shave biopsy is performed with a scalpel blade or a curved razor blade to remove small fragment of skin for diagnosis of the disease. Fine needle aspiration biopsy is used to investigate superficial lumps or masses. A fine needle inserted into the body mass for isolation of infected cell and tissues for diagnosis of cancer.
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In terms of geographic, North America is the largest market for global biopsy devices market followed by Europe and Asia. In North America, the U.S. holds the major share of biopsy devices market due to increasing prevalence of cancer. This increasing prevalence of cancer requires biopsy procedures for diagnosis and treatment of the disease. In Europe, Germany, France and the U.K. are the largest countries for global biopsy devices market.
Vacuum assisted biopsy procedure is the fastest growing biopsy procedure. This is one of the most important diagnostic methods for the diagnosis of breast cancer. Lack of screening test for specific cancer, rising number of cancer patients and increased research and development activities in the field of biopsy devices are some of the major drivers for global biopsy devices market. According to National Cancer Institute (NCI), every year about 460 per 10,000 people are suffering from cancer.
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However, stringent regulation and standards for the use of biopsy, clinical issues in core needle biopsy, increase complaints to breast cancer screening procedure are some of the key restraints for the global biopsy devices market. Moreover, high cost of biopsy devices is also impeding growth of global biopsy devices market.
Some of the major companies operating in the biopsy devices market are The Boston Scientific Corporation, COOK Medical, CareFusion Corporation, DTR Medical, Devicor Medical Products, Inc., Gallini Srl, Hologic, Inc., and Cardinal Health, Inc.
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According to a new market research report Biopsy Devices Market by Product (Core Needle Biopsy, Aspiration Biopsy, Vacuum Assisted Biopsy) Application (Breast Biopsy, Lung Biopsy, Prostate Biopsy) Guidance (Stereotactic, Ultrasound) & by End User (Hospital) - Global Forecast to 2022, published by MarketsandMarkets™, the market is expected to reach USD 2.42 Billion by 2022 from an estimated USD 1.74 Billion in 2017, at a CAGR of 6.8% during the forecast period.Browse 180 Market Data Tables and 42 Figures spread through 219 Pages and in-depth TOC on "Biopsy Devices Market"Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=132886515 The Report analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.Factors such as rising prevalence of cancer, increasing preference for minimally invasive surgeries, and initiatives undertaken by governments & global health organizations are the major factors driving the growth of this market.By product, the needle-based biopsy instruments segment accounted for the largest share of the marketOn the basis of product, the needle-based biopsy instruments segment accounted for the largest share of the global biopsy devices market in 2016.
This can be attributed to the preference of needle-based biopsies over open surgical biopsies and increasing preference for minimally invasive surgeries.The lung biopsy segment is expected to highest growth during the forecast periodBased on application, the lung biopsy segment accounted for the largest share of the biopsy devices market.
Additionally, the availability of funding for lung cancer research is contributing to the growth of this market segment.The ultrasound-guided biopsy segment dominated the market in 2016Based on guidance technique, the ultrasound-guided biopsy segment accounted for the largest share of the biopsy devices market.
This quick and simple procedure offers advantages, such as no ionizing radiation exposure, low complication rate, and lower cost as compared to other biopsy techniques.The hospitals segment held the highest CAGR during the forecast periodBased on end user, the hospitals segment is expected to register the highest growth rate during the forecast period.
The strong financial capabilities of hospitals and the presence of trained professionals are the major factors supporting the rising adoption of biopsy devices among hospitals.North America dominated the market in 2016North America accounted for the largest share of the biopsy devices market in 2016, followed by Europe.
The rising prevalence of cancer, government initiatives to spread awareness about cancer, favorable reimbursement scenario for biopsy devices in the U.S., and the presence of key players in the region are the key factors driving the growth of the biopsy devices market in North America.Request For Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=132886515 The major players in the biopsy devices market are C. R. Bard, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Cook Group Incorporated (U.S.), Devicor Medical Products, Inc., (Leica Biosystems) (Germany), Argon Medical Devices (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), Olympus Corporation (Japan), Boston Scientific Corporation (U.S.), FUJIFILM Holdings Corporation (Japan), INRAD, Inc. (U.S.), and Medtronic plc (Ireland).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
