This Biopsy Devices Market Covers the product contributions, revenue segmentation, and business overview of the leading players in the market. It utilizes the latest developments in the global market to assess the market share of the prominent market players in the upcoming period. The report highlights the limitations and strong points of the well-known players through SWOT analysis. It also assesses their growth in the market. Additionally, the global market report covers the major product & applications categories & segments. Further, the report analyzes the global market based on the product type and customer segments. It also calculates the growth of each segment in the ground market over the predicted time.

The global market is further bifurcated on the basis of the regions Latin America, Asia Pacific, North America, Europe, and Middle East & Africa too. In addition, the study also assesses the global market on the basis of the geography. It analyzes the macro- and microeconomic factors influencing the market growth in each region.

Biopsy Devices Market was valued at USD 3.67 billion in 2021 and is expected to reach USD 3.96 billion by 2029, registering a CAGR of 7.3% during the forecast period of 2022-2029.

Definition

Biopsy is a medical procedure that evaluates and removes cancerous tissue from the body. When a patient is suspected of having cancer, the test is utilized to obtain tissue samples for illness diagnosis. Cancer diagnosis includes skin biopsy, vacuum biopsy, incision and excision biopsy, needle biopsy, fine needle aspiration, and shave biopsy.

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Key Growth Drivers:

• Increased Demand for Cancer Treatment

The growing burden of prevalence of various cancer such as breast cancer, lung cancer and other types of cancer are expected to accelerate the overall growth of the market.

• Surging Advancements and Innovation

Rising patient awareness on cancer coupled with improvement in biopsy procedures are also projected to cushion the growth of the market. Moreover, the increased research and development activities in the field of biopsy devices are estimated to generate lucrative opportunities for the market. The advent of advanced products such as Vacora and Finesse Ultra Breast Biopsy System and Celero VAB device will further expand the biopsy devices market's growth rate in the future.

Furthermore, the growth determinants such as demand for minimally invasive biopsy procedures along with the expanding healthcare sector are also expected to fuel market growth. Moreover, the soaring demand for less invasive biopsy procedures also cushions the market’s growth within the forecasted period.

The report emphasizes the participation of key entities, notably:

• BD (U.S.)
• Cook (U.S.)
• Devicor Medical Products, Inc. (U.S.)
• Leica Biosystems Nussloch GmbH (Germany)
• Argon Medical Devices Inc. (U.S.)
• Braun Melsungen AG (Germany)
• Cardinal Health (U.S.)
• Olympus Corporation (Japan)
• Boston Scientific Corporation (U.S.)
• FUJIFILM Holdings Corporation (Japan)
• INRAD, Inc. (U.S.)
• Medtronic (Ireland)

Major Points in the Report

• Understanding the entirety of the biopsy devices marketlandscape thoroughly.
• Exploring the leading entities in this sector, delving into their range of products and core approaches.
• Examining the prominent geographical areas where biopsy devices marketdemonstrates significant growth.
• Keeping abreast of the latest shifts and advancements within the industry.
• Identifying specific areas or markets with high potential and promising expansion opportunities.

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Key Market Segmentation

By Product (Needle-Based Biopsy Instruments, Procedure Trays, Localization Wires, Other Products), Guidance Technique (Ultrasound-Guided Biopsy, Stereotactic-Guided Biopsy, MRI-Guided Biopsy, Other Guidance Techniques), Application (Breast Biopsy, Lung Biopsy, Colorectal Biopsy, Prostate Biopsy, Other Applications), End User (Hospitals, Academic and Research Institutes, Diagnostic and Imaging Centers)

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