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Wednesday, November 22, 2023

Global Biopsy Device Market is Anticipated to Grow at a CAGR of 6.6% during 2024 to 2030

The future of the global biopsy device market looks promising with opportunities in the breast biopsy, lung biopsy, colorectal biopsy, and prostate biopsy markets. The global biopsy device market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are rising prevalence of cancer and increasing demand for minimally invasive procedures.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the biopsy device market by product (needle-based biopsy devices, localization wires, procedure trays, and others), guidance technique (ultrasound-guided biopsy, stereotactic-guided biopsy, MRI-guided biopsy, and others), application (breast biopsy, lung biopsy, colorectal biopsy, prostate biopsy, and others), end use (hospitals, academic and research institutes, and diagnostic and imaging centers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, needle based biopsy instrument, liquid biopsy instrument, localization wire, biopsy forcep, procedure tray, and biopsy table are the major segments of biopsy device market by product. Lucintel forecasts that needle-based biopsy instrument is expected to witness the highest growth over the forecast period.Within this market, breast biopsy is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Cook Medical, Boston Scientific, Fujifilm, Cardinal Health, and Danaher are the major suppliers in the biopsy device market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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