Biopsy Devices Market Size & Growth Analysis to 2030

The global biopsy devices market size was valued at around USD 2.5 billion in 2019 and projected to grow at the CAGR of 6.6% market during the forecast period 2020-2027. The biopsy device market expected to show significant growth during the forecast period on account of increasing demand for biopsy devices globally due to increasing demand for minimally invasive biopsy procedures, increase in prevalence of various cancers worldwide, and rising awareness among people about possible risk factors and screening procedures for cancer would influence the growth of biopsy device market worldwide.

Market Insights:

The global biopsy device market is anticipated to grow significantly during the forecast period due to rising awareness about possible risk factors associated with cancer and alarming cancer prevalence has led to rise in demand for advanced cancer diagnostic methods and diagnosis products. Biopsy is the most common and widely accepted cancer diagnostic method which offers accurate diagnosis and disease confirmation. However, key players in market are now concentrating on developing cost-effective biopsy devices, which would decrease the overall cost of biopsy procedures. It is observed that, in the base year 2019, biopsy guidance systems is largest revenue contributing segment due to improved accuracy and better diagnosis outcome are expected to drive the market growth of biopsy guidance systems globally. Currently, North America is expected to be the largest regional market for biopsy devices followed by Europe due the factors such as early adoption of latest technology, higher prevalence of different forms of cancer and upsurge government funding are fueling the growth in the region.

Market Segment Insights:

For the purpose of study global biopsy device market is studied for product type such as biopsy guidance systems, biopsy needles, needle based biopsy guns, biopsy forceps and others.  

Global Biopsy Devices Market Segmentation:

By Product, 2018–2027 ($ Billion)

• Biopsy Guidance Systems
• Biopsy Needles
• Needle Based Biopsy Guns
• Biopsy Forceps
• Others

By Application, 2018-2027 ($ Billion)

• Breast Biopsy
• Lung Biopsy
• Prostate Biopsy

By Geography, 2018-2027 ($ Billion)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global biopsy device market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country level markets that majorly determine the regional industry trends. Among the considered regional markets, North America followed by Europe currently dominates the global biopsy device market with United Sates being the largest country level market due to the early adoption of latest technology and higher prevalence of different forms of cancer fueling the growth of biopsy device in these region. On the other hand, Asia Pacific is anticipated to be the fastest growing market due to increasing healthcare awareness, improvement in economic conditions and limited treatment availability are the most prominent market drivers in Asia pacific.

Market Competition Assessment:

The major players currently operating in the global biopsy device market include Becton, Dickinson and Company, C.R. Bard, Inc., CareFusion Corporation, Cook Medical, Devicor Medical Products, Inc., Gallini Medical Services, Hologic, Inc., TSK Laboratory.

List of Key Companies:

• Becton, Dickinson and Company
• R. Bard, Inc.
• CareFusion Corporation
• Cook Medical
• Devicor Medical Products, Inc.
• Gallini Medical Services
• Hologic, Inc.
• TSK Laboratory

Key Questions Answered by Biopsy Device Market Report

• Global biopsy device market forecasts from 2020-2027
• Regional biopsy device market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Biopsy Device submarket forecasts from 2020-2027 covering the market by product, by applications, and geography
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to biopsy device market
• Analysis of the key factors driving and restraining the growth of the global, regional and country level biopsy device markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the biopsy device market

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