Biopsy Devices Market by Product, by Type, by Application (Scientific Research, Medical Diagnosis, Agricultural Applications and Genetic fingerprinting & Sex Determination), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
According to the report Biopsy Devices Market, published by Market Data Forecast, the Global market is projected to reach USD 2.21 billion by 2022, at a CAGR of 7.4% from 2017 to 2022.
Biopsy is the removal of a part of a tissue for diagnostic purposes. It is usually done to diagnose a particular disease and to find out its severity.
Biopsy devices are employed to perform biopsy in the kidney, liver and lungs.
A biopsy is carried out when a person is diagnosed with cancer or any other inflammatory disease.
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Biopsy Devices Market: Drivers & Restraints
Increasing number of people diagnosed with cancer is a major driver of this market. Technological advancements in the healthcare sector are further propelling the market growth.
Lack of awareness regarding diagnosis of chronic diseases is a major market restraint.
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Biopsy Devices Market: Segmentation
- Needle Biopsy
o Core needle biopsy
o Fine needle biopsy
o Vacuum assisted biopsy
- Surgical biopsy
o Incisional Biopsy
o Excisional biopsy
- Scientific research
- Medical diagnosis
- Agricultural applications
- Genetic fingerprinting and sex determination
By End user
- Pharmaceutical and biotechnology industry
- Academic research institute
- Contact research organization
- Forensic labs
- North America
o United States
o South Korea
- Latin America
o Rest of Latin America
- Middle East & Africa
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Biopsy Devices Market: Overview
The Biopsy Devices Market is dominated by North America due to the rising aging population. Europe is the second largest market for biopsy devices owing to the various technological advancements and the increased R&D being carried out.
Asia Pacific continues to grow at a high CAGR.
Biopsy Devices Market: Key Players
The Biopsy Devices market is highly competitive with a large number of players. Some of the major Companies are Medtronic, Leica Biosystems, Hologic Inc., Boston Scientific Corporation, Becton, Cook Medical Inc., C.R. Bard Inc., Mauna Kea Technologies, Ethicon EndoSurgery Inc., Veran Medical Technologies, Dickinson and Company, Fujifilm Medical Systems, MDxHealth, Argon Medical Devices Inc and Intact Medical Corp.
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