Biopsy Market Is Expected To Reach USD 49.43 Billion By 2027 At A CAGR Of 11.14 percent.
Maximize Market Research has published a report on the Biopsy Market that provides a detailed analysis for the forecast period of 2021 to 2027.
Biopsy Market Scope:
The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry’s history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes a full PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Biopsy Market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor’s guide.
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Biopsy Market Overview:
A biopsy is a technique in which tissue from an organ is surgically removed in order to assess the existence or severity of a disease, typically malignant and inflammatory disorders. Surgeons, radiologists, and interventional cardiologists typically carry it out. As a confirmatory test for cancer and celiac disease, biopsies are carried out using certain biopsy devices on any organ. Depending on the type of organ being studied, different biopsy devices are used. In order to perform a biopsy with accuracy and minimal invasiveness, advanced imaging technologies, such as MRI-guided biopsy, stereotactic-guided biopsy, ultrasound-guided biopsy, CT scan, and others, are used in conjunction with conventional biopsy devices. Biopsies on bodily organs like the lungs, liver, and kidneys are carried out using these integrated procedures.
Biopsy Market Dynamics:
The market has a strong growth, which is due to rising cancer incidence, favourable reimbursement programmes, and a move toward minimally invasive procedures. A larger patient base is encouraging the creation of more sophisticated, efficient, and secure biopsy techniques. During the forecast period, a number of initiatives implemented by governments and healthcare organisations regarding cancer treatment and diagnostics would further boost the market growth. Similar to this, rising healthcare costs and significant research and development (R&D) efforts are favourably impacting the industry.
The adoption of biopsy equipment is being accelerated by recent technology developments such as vacuum-assisted guns, 3D optical biopsies, MRI-targeted biopsies, and ultrasound-guided biopsies. More people are choosing the biopsy process because it is carried out on practically any organ with a precise diagnosis.
The major market players for biopsy devices are concentrating on organic growth tactics like product launches and product approvals. To achieve a competitive edge in the market, they have used a variety of techniques, including mergers and acquisitions, cutting-edge product development, and partnerships.
The adoption of biopsy equipment is fueled by the sharp rise in the incidence of cancers like breast, prostate, and lung as well as the quick development of new technologies like 3D optical biopsies, MRI-targeted biopsies, and ultrasound-guided biopsies. Moreover, the need for integrated biopsy technologies like a stereotactic-guided biopsy is being fueled by an increase in awareness of the diagnosis of chronic diseases. The expensive cost of biopsy equipment and the scarcity of qualified specialists in low-income nations, however, restrain the market’s expansion.
Biopsy Market Regional Insights:
Due to the high availability of skilled medical professionals, the presence of most major players, and the availability of well-developed infrastructure facilities, North America held the biggest share of the market and is expected to maintain its dominance during the forecast period. Asia-Pacific, on the other hand, is expected to experience the largest growth rate over the expected period because of its large population, rising disposable income, and growing patient awareness of illness screening. Additionally, the region’s market is growing as a result of the rising number of elderly people, who are highly susceptible to cancer.
Biopsy Market Segmentation:
By Product:
- Instruments
- Kits and Consumables
- Services
By Type:
- Tissue Biopsies
- Liquid Biopsies
- Others
By Application:
- Breast Cancer
- Colorectal Cancer
- Cervical Cancers
- Lung Cancers
- Prostate Cancers
- Skin Cancers
- Blood Cancers
- Kidney Cancers
- Liver Cancers
- Pancreatic Cancers
- Ovarian Cancers
- Others
Biopsy Market Key Competitors:
- Qiagen N.V.
- Illumina, Inc.
- ANGLE Plc
- BD (Becton, Dickinson and Company)
- Myriad Genetics
- Hologic, Inc.
- Biocept, Inc.
- Thermo Fisher Scientific, Inc.
- Danaher
- F. Hoffmann-La Roche Ltd.
- Lucence Diagnostics Pte. Ltd.
- GRAIL, Inc.
- Guardant Health
- Exact Sciences Corporation
- Freenome Holdings, Inc.
- Biodesix (Integrated Diagnostics)
- Oncimmune
- Epigenomics AG
- HelioHealth (Laboratory for Advanced Medicine)
- Genesystems, Inc. (Genesys Biolabs).
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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