Biopsy Devices Market Opportunities, Sales, Cost and Profit | Forecast To 2022

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Updated on Nov 19, 2019

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Biopsy Devices Market Analysis By Application (Skin biopsy, Surgical biopsy, Needle Biopsy, Cancer Diagnosis, Bone Marrow Biopsy), Product Type (Biopsy Guidance System, Biopsy Guns, Biopsy Needles, Forceps), End User, Leading Companies, Forecast To 2022

Global Biopsy Devices Market size is expected to reach USD 2.4 Billion with expanding at a CAGR of 6% throughout the forecasted period (2016 – 2022). Biopsy devices are equipment used during biopsy procedures that are carried out for the diagnosis of cancer, kidney, lung diseases, and other several diseases. The global biopsy devices market is booming over the last couple of decades, mainly due to the increasing prevalence of kidney diseases and transplants. Besides, kidney diseases & disorders and other chronic conditions such as high blood pressure & diabetes are supporting the growth of the market, creating the demand for better diagnostic & treatments. Technological advancements and the proliferation of the Internet of Things (IoT) devices is fostering the growth of the market, bringing about smart and connected devices.

Additional factors propelling the biopsy devices market growth, include, the changing lifestyle due to the rapid urbanization and the improving economic conditions that are increasingly enabling access to improved healthcare. Furthermore, rising demand for new techniques for the diagnosis of chronic diseases, increasing numbers of biopsy procedures, and advancements in surgical procedures fuel the growth of the biopsy devices market.

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Global Biopsy Devices Market Segments

The report is segmented into four market dynamics to widen the scope of understanding,

By Product Type

  • Biopsy Guidance System

  • Biopsy Guns

  • Biopsy Needles

  • Forceps

  • others

By Application

  • Skin biopsy

  • Surgical biopsy

  • Needle biopsy

  • Cancer Diagnosis

  • Bone marrow biopsy

  • others

By End-user 

  • Specialty Clinics

  • Hospitals

  • Diagnostic centers

  • Academic Research Institutes

Global Biopsy Devices Market Regional Analysis

North America leads with highest global biopsy devices market share, witnessing extensive adoption of technologically advanced medical devices. Moreover, factors such as increasing governmental support for R&D activities, and high health care expenditures foster regional market growth. Furthermore, the increasing prevalence of diabetes, kidney diseases, and renal failures boost the growth of the regional market. The biopsy devices market in North America is estimated to reach USD 2.4 BN by 2022.

The biopsy devices in the European region takes the second leading position. Factors such as the increasing emphasis on the development of advanced diagnostic devices and increasing funding and support from the government for R&D activities drive the regional market growth. Simultaneously, the rising numbers of specialty services offered by various healthcare providers foster the increase in the regional market.

The Asia Pacific biopsy devices market is rapidly emerging as a promising market globally. Rapidly developing healthcare technology alongside the rising numbers of urology centers provide impetus to the regional market growth. Growing incidences of diabetes and increasing numbers of kidney transplant procedures are boosting the market demand in the APAC region. The increasing demand for quality devices and improving economic conditions are some of the factors expected to fuel the growth of the biopsy devices market in the APAC region.

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Major Players:

Key Players leading the global biopsy devices market include Precision Biopsy, LLC. (US), Cook Medical, Hologic, Inc., Scion Medical Technologies, LLC. (UK), Leica Biosystems, C. R. Bard, Inc., Argon Medical Devices, Inc., Creganna, Focal Therapeutics, Inc., and Integra LifeSciences Corporation, among others.

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