An Insight into the Global Breast Biopsy Device Market
The global Breast Biopsy Device Market is expected to experience significant growth during the forecast period, with a revenue CAGR of 9%. This growth is driven by various factors such as the rising prevalence of breast cancer, increasing awareness of the value of early detection, technological advancements, and improved healthcare infrastructure in emerging countries. Breast biopsy devices are essential for the detection and management of breast cancer, which is the most frequent cancer in women worldwide.
The introduction of vacuum-assisted biopsy equipment has reduced invasiveness, increased accuracy, and sped up the process, which has further contributed to the growth of the market. The demand for breast biopsy tools is increasing in developing countries such as China and India due to their vast population, expanding middle classes, and developing healthcare systems. Moreover, rising healthcare costs, expanding breast cancer awareness, and supportive government programs are driving revenue growth of the market in these countries.
The popularity of precision oncology and personalized treatment is also expected to create high demand for breast biopsy tools. However, the high cost of breast biopsy instruments and related procedures could restrain revenue growth of the market. Manufacturers are focusing on creating affordable and user-friendly breast biopsy instruments as well as broadening their product lines through mergers and acquisitions to address these difficulties.
Increasing partnerships among academic institutions, hospitals, and business stakeholders are expected to promote innovation in the breast biopsy device market and drive revenue growth of the market. Overall, the breast biopsy device market is expected to continue to grow, driven by increasing demand for early detection and personalized treatment of breast cancer.
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Companies considered and profiled in this market study
- Hologic, Inc.
- BD (Becton, Dickinson and Company)
- C. R. Bard, Inc.
- Leica Biosystems Nussloch GmbH
- Argon Medical Devices, Inc.
- Planmed Oy
- Devicor Medical Products, Inc.
- Cook Medical
- Stryker Corporation
- Medtronic
Driving Factor in Breast Biopsy Device Market
- Rising prevalence of breast cancer worldwide
- Increasing awareness of the value of early detection of breast cancer
- Technological advancements in breast biopsy equipment, including the introduction of vacuum-assisted biopsy devices
- Growing demand for minimally invasive procedures
- Improved healthcare infrastructure in emerging countries
- Increasing popularity of precision oncology and personalized treatment
- Rising demand for breast biopsy devices in developing countries such as China and India
- Supportive government programs aimed at enhancing healthcare access and quality
- Increasing partnerships among academic institutions, hospitals, and business stakeholders promoting innovation in the breast biopsy device market
- Mergers and acquisitions among manufacturers to broaden product lines and address pricing concerns.
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Notable Innovations in Breast Biopsy Device Market
- Vacuum-assisted biopsy devices: These devices use vacuum pressure to extract tissue samples from breast lesions more accurately and efficiently than traditional biopsy techniques.
- Stereotactic biopsy devices: These devices use X-rays and computer technology to precisely locate and remove breast tissue samples, reducing the need for surgical biopsies.
- Ultrasound-guided biopsy devices: These devices use ultrasound technology to guide the biopsy needle to the area of concern, improving accuracy and reducing the invasiveness of the procedure.
- Automated breast biopsy devices: These devices use robotic technology to perform biopsy procedures, reducing the risk of human error and improving accuracy.
- 3D mammography-guided biopsy devices: These devices use 3D mammography images to guide the biopsy needle, providing a more precise and targeted biopsy.
- Wireless localization devices: These devices use tiny radiofrequency tags to precisely locate breast lesions, allowing for more accurate and efficient biopsy procedures.
- Molecular diagnostic tools: These tools are used in conjunction with breast biopsy devices to analyze tissue samples and provide personalized treatment recommendations based on the patient's genetic profile.
Segments covered in the report
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2027. For the purpose of this study, Reports and Data have segmented the breast biopsy device market on the basis of type, product, guidance type, end-use, and region:
Type Outlook
- Needle Breast Biopsy
- Vacuum-Assisted Surgery
- Core needle Biopsy
- Fine Needle Aspiration Biopsy
- Open Surgical Breast Biopsy
- Incisional
- Excisional
Product Outlook
- Biopsy Needles
- Biopsy Tables
- Guidance Systems
- Localization Wires
- Punches
- Markers
- Sutures
Guidance Type Outlook
- Mammography
- Ultrasound
- MRI
- CT scan
- Others
End-Use Outlook
- Diagnostic Clinic
- Hospitals
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
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