Biopsy Devices Market Growth Trajectory Through 2024-2033|Becton Dickinson and Company (BD), Hologic, Inc., Danaher Corporation, Boston Scientific Corporation, Olympus Corporation

The biopsy devices market size is expected to see strong growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to government investments in healthcare sector, rising cancer cases and an increase in healthcare expenditure will drive the market growth. . Major trends in the forecast period include technological advancements, launch of fully automatic biopsy systems, product innovations, development of robot-assisted biopsy systems, partnerships and collaborations and increasing investments..

The rise in the number of cancer cases contributed to the growth of the biopsy devices market. A biopsy is a primary approach used by doctors to diagnose any abnormalities in the bodies if the presence of cancer cells is suspected. For instance, in January 2023, the American Cancer Society, a US-based a nationwide voluntary health organization dedicated to eliminating cancer, stated that around 1.9 million new cancer cases are anticipated to be diagnosed in the United States in 2022, with an estimated 609,360 cancer-related deaths. Specifically, approximately 151,030 new cases of colorectal cancer are expected to be identified by the end of 2022, and it is projected to lead to roughly 52,550 deaths in 2023. Furthermore, in May 2022, Canadian Medical Association Journal, a Canada-based peer-reviewed open-access general medical journal published by the Canadian Medical Association, in its report stated that in Canada, it is estimated that approximately 233,900 new cases of cancer will be diagnosed in 2022. Among these cases, around 28,600 are projected to be breast cancer, constituting approximately 25% of all newly diagnosed cancer cases in women for that year. The most prevalent type of cancer anticipated in Canada in 2022 is lung cancer, with an estimated 30,000 new cases.

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The biopsy devices market covered in this report is segmented –

1) By Product Type: Needle-Based Biopsy Guns, Biopsy Forceps, Biopsy Guidance Systems, Biopsy Needles, Other Products
2) By Image Guiding Technology: MRI-Guided Biopsy, Stereotactic-Guided Biopsy, Ultrasound-Guided Biopsy, Other Imaging Technologies
3) By Application: Breast Biopsy, Gynecological Biopsy, Prostate Biopsy, Blood Cancers Biopsy, Skin Biopsy, Kidney Biopsy, Gastroenterology Biopsy, Other Applications
4) By End User: Diagnostics And Imaging Centers, Hospitals, Other End User

Robot-assisted biopsy systems are shaping the biopsy devices market and help avoid complications after the biopsy. The robot-assisted biopsy is done to increase the precision and accuracy of the biopsy process and medical authorities have been approving the devices to make the process easier. For instance, in July 2022, the FDA cleared SiemensHealthineers’ and Intuitive’s platforms to make a robotic-assisted platform for minimally invasive lung biopsies. The integration would allow 2D and 3D imaging during procedures.

The biopsy devices market report table of contents includes:

1. Executive Summary
2. Biopsy Devices Market Characteristics
3. Biopsy Devices Market Trends And Strategies
4. Biopsy Devices Market – Macro Economic Scenario
5. Global Biopsy Devices Market Size and Growth

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32. Global Biopsy Devices Market Competitive Benchmarking
33. Global Biopsy Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In Biopsy Devices Market
35. Biopsy Devices Market Future Outlook and Potential Analysis
36. Appendix

Top Major Players :

• Becton Dickinson and Company (BD)
• Hologic, Inc.
• Danaher Corporation
• Boston Scientific Corporation
• Olympus Corporation

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