Biopsy Devices Global Market To Reach Value Of About $3.05 Billion In 2023
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The global biopsy devices market is expected to decline from $2.42 billion in 2019 to $2.32 billion in 2020 at a compound annual growth rate (CAGR) of -4.45%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, especially postponement of non-emergency procedures. The market is then expected to recover and reach $3.05 billion in 2023 at a CAGR of 9.6%. The rise in the number of cancer cases contributed to the growth of the biopsy devices market.
The biopsy devices market consists of sales of biopsy devices and related services by entities (organizations, sole traders and partnerships) that manufacture biopsy devices. Biopsy devices are used to extract sample cells or tissues from the patient`s body to be examined to determine the presence of a disease. Only goods and services traded between entities or sold to end consumers are included.
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The Global Biopsy Devices Market is further segmented based on product type, imaging technology and geography.
By Product Type: Needle-Based Biopsy Instruments, Core Biopsy Devices, Aspiration Biopsy Needles, Vacuum-Assisted Biopsy Devices, Biopsy Forceps, Localization Wires.
By Imaging Technology: MRI-guided biopsy, Stereotactic-guided biopsy, Ultrasound-guided biopsy, CT scan.
By Geography: The global biopsy devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The Biopsy Devices Market
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.
Biopsy Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides biopsy devices market overviews, analyzes and forecasts market size and growth for the global biopsy devices market, biopsy devices market share, biopsy devices market players, biopsy devices market segments and geographies, biopsy devices market’s leading competitors’ revenues, profiles and market shares. The biopsy devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.