Biopsy Devices Market trend

Biopsy Devices Market Showing 6.5% CAGR Growth to 2024: Company Profiles & Growth Analysis

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This global Biopsy Devices market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Biopsy Devices Market size is estimated to see USD 3.1 billion revenues by 2024; as reported.

Growing demand for minimally invasive surgeries and disposable devices in line with increasing demand for technologically advanced, and accurate products will boost global biopsy devices market growth.

Growing prevalence of cancer and geriatric population base account for the pivotal factors is set to positively impacting the market growth. Moreover, introduction of technologically advanced products and growth in market penetration rates in Latin America and Asia Pacific should present the biopsy device manufacturers with lucrative growth opportunities in the years to come.

The emergence of technologically advanced vacuum-assisted biopsy guidance devices, and growing popularity of disposable products coupled with rising adoption of minimally invasive medical procedures indicate towards healthy growth in the biopsy devices market.

Guidance systems accounts for majority of biopsy devices market share contributing to 43% in 2015, with revenue anticipated to exceed USD 1.1 billion by 2024. Strong robotic guidance system price trend is expected to fuel growth.

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Key insights from the report include:

Global biopsy devices market size is set to reach USD 3.1 billion by 2024, from an estimated USD 1.75 billion for 2015, projected to grow at 6.5% from 2016 to 2024.

Biopsy guidance systems dominated the overall biopsy devices market during the forecast timeframe valued at USD 755.5 million for 2015.

U.S. biopsy devices market size valued at USD 410.5 million for 2015, accounting for major regional share. High prevalence of cancer coupled with growing awareness regarding cancer diagnosis are some of the factors attributed to the major share of the region.

Germany and UK garnered 28.6% and 22.8% respectively in the Europe biopsy devices market share for 2015.

Biopsy devices market share experiences a moderately low level of new entry threat. The major players in the market take up around 80% share, and employ acquisition strategies making it difficult for the new players to sustain in the market.

China, Japan and India biopsy devices market drive Asia Pacific due to presence of large patient pool, while LATAM was driven by Brazil and Mexico.

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Selected points from Table of Contents of this report:

Chapter 2.        Executive Summary

2.1.        Biopsy Devices industry 360 degree synopsis, 2012 – 2024

2.1.1.    Business trends

2.1.2.    Regional trends

2.1.3.    Product trends

Chapter 3.        Biopsy Devices Industry Insights

3.1.        Industry segmentation

3.2.        Industry Size and forecast, 2012 – 2024

3.3.        Industry Impact forces

3.3.1.    Growth drivers

3.3.1.1. Presence of huge geriatric population base

3.3.1.2. Growing prevalence of cancer

3.3.1.3. Rising need for effective diagnostic procedures

3.3.1.4. Increasing preference for minimally invasive procedures

3.3.2.    Industry pitfalls & challenges

3.3.2.1. Capital-intensive products

3.4.        Growth potential analysis

3.5.        Porter’s analysis

3.6.        PESTEL analysis

3.7         Company market Share Analysis, 2015

Chapter 4.        Biopsy Devices Product Insights

4.1        Biopsy devices market share, by product, 2015 & 2024

4.2        Needle-based biopsy guns

4.2.1     Market estimates by region, 2012 – 2024

4.2.2     Vacuum-assisted Biopsy Device

4.2.2.1  Market estimates by region, 2012 – 2024

4.2.3     Fine needle aspiration biopsy devices

4.2.3.1  Market estimates by region, 2012 – 2024

4.2.4     Core-needle biopsy devices

4.2.4.1  Market estimates by region, 2012 – 2024

4.3        Biopsy guidance systems

4.3.1     Market estimates by region, 2012 – 2024

4.3.2     Manual

4.2.3.1  Market estimates by region, 2012 – 2024

4.3.3     Robotic

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