(2019 – 2024) “Biopsy Devices Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Biopsy Devices Analysis. The Biopsy Devices market is expected to register a CAGR of approximately 6.5% during the forecast period of (2019 – 2024).
Biopsy Devices Market Report Covers Leading Manufacturers: C R BARD, HOLOGIC, CAREFUSION, DEVICOR MEDICAL PRODUCTS, COOK MEDICAL, BOSTON SCIENTIFIC, INTACT MEDICAL CORPORATION, GALLINI MEDICAL DEVICES, AND TSK LABORATORY
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A biopsy can be described as a process in which a sample tissue is removed from the body for analyzing or discovering the presence, cause, or extent of a disease. The global biopsy devices market is expected to register a CAGR of 6.5% during the forecast period (2018 - 2023).
Increase in the Number of Cancers Cases Worldwide
Cancer prevalence indicates the number of people who were diagnosed with cancer in their lifetime. Prevalence is determined by the repetition of occurrence of cancer and the life expectancy of the patient after diagnosis. The key facts stated by WHO projects cancer to be one of the leading causes of mortality worldwide, with around 14 million new cases and 8.2 million cancer-related deaths in 2012. The number of new cases is expected to rise by 70% in the next two decades. The demand for early detection of the cancer is going to influence the growth of the biopsy devices market in the world over.
Increasing preference for minimally-invasive surgeries and initiatives undertaken by the government and global health organizations, are some of the other factors contributing to the growth of the market.
Risk of Infection
A biopsy is often the key to diagnosis. However, as some of these devices are being re-used, biopsy needle becomes a highly risky source of infection and micro-organisms get inoculated into the body. The needles used for biopsy can never be effectively cleaned or sterilized, and reuse of it can cause the spread of blood borne pathogens, like Hepatitis-B, Hepatitis-C, and HIV, as well as other micro-organisms like atypical mycobacteria, gram negative bacteria, and various fungi infections.
Additionally, increasing product recalls, due to unmet regulations, is also restraining the global biopsy devices market growth.
Asia-Pacific to have the Highest CAGR
The global biopsy devices market is segmented by product, application and geography. By geography, it is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The growth of Asia-Pacific can be attributed to the rising prevalence of cancer, large population in countries such as China and India, improving healthcare infrastructure, increasing healthcare spending and government initiatives, and rising focus of key market players in the region.
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Reasons to Purchase Biopsy Devices Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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