Biopsy Devices Market

The report "Biopsy Devices Market by Product (Core needle biopsy (Automatic, Disposable), Technology (Ultrasound,stereotactic), Application (Oncology, Gastroenterology, Bone & Bone marrow biopsy), End User (Diagnostic imaging centres) - Global Forecast to 2030", is valued at an estimated USD 7.27 billion in 2024. The size is projected to reach USD 11.01 billion by 2030, at a CAGR of 7.2%

Browse 717 market data Tables and 60 Figures spread through 503 Pages and in-depth TOC on "Biopsy Devices Market by Product (Core needle biopsy (Automatic, Disposable), Technology (Ultrasound,stereotactic), Application (Oncology, Gastroenterology, Bone & Bone marrow biopsy), End User (Diagnostic imaging centres) - Global Forecast to 2030"
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Biopsy devices are used to remove tissue from the body for diagnostic procedures used primarily for identifying cancer, infections, or other diseases. This market is primarily driven by the rising incidence of cancer, rising awareness on early diagnosis of the disease. However, the major limitation limitation for this market  includes the very high cost of advanced biopsy devices and poor accessibility in developing countries.

By product type,  the biopsy accessory segment holds the second largest share in the biopsy device market across the forecast period.

Based on product, the biopsy device market is divided into Needle based biopsy instrument, Visualization device, Brush biopsy instrument, Biopsy accessory and robotic biopsy device. Among these, in 2023, the biopsy accessory segment accounted for the second highest market share in the biopsy device market. These accessories, such as needles, forceps, and localization wires, are important for ensuring proper sample collection, accuracy, and procedural effectiveness. The rising incidence of cancer and the growing use of image-guided biopsy methods have fueled the demand for quality accessories. This  maximizes the diagnostic accuracy. Moreover, ongoing technological innovations, such as the creation of disposable and minimally invasive biopsy accessories, have also accelerated market growth. Their extensive use throughout hospitals, diagnostic laboratories, and ambulatory surgery centers, and the requirement of successive use in several procedures, guarantees consistent demand, making their firm position in the market.

By end user, Hospitals & Breast care centers holds the largest share in the biopsy device market in 2023.

Based on end-user, the biopy device market is segmented into hospitals and breast care centers, diagnostic imaging centers, ambulatory surgical centers and other end users. In 2023, The hospitals and breast care centers segment accounted for the largest share of the biopsy devices market. These centers are well equipped with the latest imaging modalities like MRI, ultrasound, and mammography. This would facilitate accurate image-guided biopsies. Also, hospitals and specialty breast care centers are the main sites of care for cancer screening programs, especially for breast cancer, which is one of the most prevalent cancers globally. Rising cases of breast cancer, along with government support for early diagnosis, have increased the demand for biopsy procedures in such hospitals. Also, hospitals are associated with research institutions and diagnostic laboratories thus, making it possible to have access to cutting-edge biopsy technologies like liquid biopsy and molecular diagnostics. In addition to that, Insurance coverage and reimbursement policy are also helping increase the volumes of biopsy procedures in such hospitals.

North America dominates the global biopsy device market in 2023.

The biopsy device market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The north America accounts for the largest market share of 32.9% in the biopsy device market in 2023. North America leads the market for biopsy devices. This is due to its well-developed healthcare system, high healthcare expenditure, and key players strong base in the market. The region has rising incidence rates of cancer. Further, with consequent high demand for advanced biopsy procedures and favorable reimbursement policies foster the adoption of biopsy devices.Technological advancements such as AI-based biopsy systems further increase the growth of the market. Additionally, government policies supporting cancer research and early diagnosis schemes, along with an increasing number of elderly people prone to chronic diseases, also support the market.

Key Players

Prominent players in the biopsy device market include, BD (US), Devicor medical products, Inc (US), Medtronic (Ireland), Cardinal Health (US), B.Braun SE ( Germany),  Hologic,Inc (US), Olympus Corporation (Japan), Boston Scientific Corporation (US), FUJIFILM Corporation (Japan), Stryker (US), Teleflex Incorporated (US), CONMED Corporation (US), Merit Medical Systems (US), Johnson & Johnson Services,Inc. (US), Cook Group (US), MicroPort Scientific Corporation (China),  Argon Medical Devices (US), INRAD, Inc (US), Summit Medical LLC (US), TransMed7, LLC (US), Dr. Japan Co., Ltd. (Japan), IZI Medical Products (US), Planmed Oy (Finland), Advin Health Care (India), Trivitron Healthcare (India).

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