Biopsy Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Biopsy Devices Market – Report Overview

Pacific Business Consulting’s “Biopsy Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Biopsy Devices market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Biopsy Devices market exceeded a valuation of over US$ 2.5 Billion, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 6% from 2023 to 2030. The market is expected to potentially surpass US$ 4.0 Billion by 2030.

Biopsy, a crucial medical procedure, involves the removal of a small tissue sample for diagnostic purposes, aiding in the identification or exclusion of specific diseases or conditions. This procedure, essential in pathology, allows medical pathologists to examine tissues, cells, or fluids for signs of diseases. Healthcare providers often recommend biopsies for diagnosing, monitoring, or planning treatment for various medical conditions, including cancer, infections, and inflammatory diseases.

The instruments used to perform biopsies are known as biopsy devices, available in different sizes and configurations. The choice of a specific device depends on factors such as the location of the target tissue, the nature of the suspected condition, and the preferences and expertise of the healthcare provider. Recent developments in biopsy devices, such as the Precision GI Endoscopic Ultrasound (EUS) Biopsy Device by Limaca Medical, showcase the continuous innovation in the field. Limaca’s device, receiving FDA approval, enhances the efficiency and trauma-free diagnosis of pancreatic cancer and other life-threatening gastrointestinal cancers.

Several factors contribute to the robust growth of the biopsy device market. The increasing incidence of cancer, favorable reimbursement programs, and a shift towards minimally invasive procedures are key drivers. Cancer, responsible for nearly 10 million deaths in 2020 according to the World Health Organization, underscores the rising demand for biopsy devices. Government initiatives, healthcare organizations’ efforts, increased healthcare expenditure, and extensive research and development activities further stimulate market growth.

Technological advancements, including vacuum-assisted guns, 3D optical biopsies, MRI-targeted biopsies, and ultrasound-guided biopsies, are driving the adoption of biopsy devices. Companies in the market focus on organic growth strategies, such as product launches and approvals, mergers and acquisitions, and collaborations. For instance, Biocept, Inc.’s collaboration with Quest Diagnostics and GE Healthcare’s launch of the Serena Bright biopsy technology reflect these strategic initiatives.

The increasing global incidence of cancer is a major factor fueling the demand for biopsy devices. In 2022, an estimated 1.9 million new cancer cases will be diagnosed in the U.S., according to the American Cancer Society. Minimally invasive medical procedures, offering quicker recovery and less trauma, are gaining popularity. The demand for less invasive surgeries and disposable biopsy devices is anticipated to drive industry growth. Advanced biopsy guidance systems, cost-effective devices, and the growing geriatric population are additional factors contributing to the market’s expansion. Moreover, the need for effective diagnostic procedures and efforts by healthcare regulatory bodies to control cancer treatment costs are supporting the economic viability of biopsy devices, making them increasingly sought after by patients and healthcare providers alike.

Leading players in the Biopsy Devices segment, including Meditech Devices, Agilent Technologies Inc., Guardant Health, Inc., Agena Bioscience, nRichDX, Epic Sciences, Inc., Predicine, Inc., Argon Medical Devices, Cook Medical, Hologic Inc., Intact Medical Corporation, Merit Medical Systems, Inc, Hologic, Inc., Becton, Dickinson and Company, Medtronic plc, Stryker Corporation, Leica Biosystems, are expected to play a crucial role in shaping the future landscape of Biopsy Devices technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Biopsy Devices market. It also delves into the analysis of present and prospective market competition within the global Biopsy Devices market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

• Develop your business strategies by gaining insights into the trends that shape and drive the Biopsy Devices market across the 10MM (Ten Major Markets).
• Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Biopsy Devices market.
• Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
• Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
• Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.

1. Executive Summary: Biopsy Devices
   • Global Market Outlook: Biopsy Devices
2. Competitive Intelligence Analysis: Biopsy Devices
3. Therapeutic Sector SWOT
4. Technology Roadmap Analysis: Biopsy Devices
5. Market Background
   • Drivers
   • Restraints
   • Opportunity
   • Key Market Trends
   • Key Unmet Needs
6. Key Marketed Products Profile – Major Approved Products: Biopsy Devices
   • Product Profile
   • Safety and Efficacy
7. Regulatory Landscape
8. Biopsy Devices: Ten Major Market (10MM) – Market Analysis, By Product
   • Procedure Tray
   • Liquid Biopsy Instruments
   • Biopsy Table
   • Biopsy Forceps
   • Needle Based Biopsy Instruments
   • Others
9. Biopsy Devices: Ten Major Market (10MM) – Market Analysis, By Guidance Technique
   • Ultrasound-Guided Biopsy
   • Stereotactic-Guided Biopsy
   • MRI-Guided Biopsy
   • Non-Image Guided Biopsy
   • Others
10. Biopsy Devices: Ten Major Market (10MM) – Market Analysis, By Application
    • Research
    • Clinical Diagnosis
11. Biopsy Devices: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

12. S. Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

13. K. Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

14. Germany Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

15. France Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

16. Italy Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

17. Spain Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

18. Japan Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

19. China Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

20. Australia Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

21. India Biopsy Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Guidance Technique
      • By Application
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Guidance Technique
      • By Application

22. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

23. Assumptions and Acronyms Used
24. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
25. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
26. Copyrights and Disclaimer