Discover trends, market shifts, and competitive outlooks for the biopsy devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Biopsy Devices Market Expected to Grow Between 2025 And 2029?

There has been significant growth recently in the size of the biopsy devices market. The expansion is expected to continue, with market size projected to rise from $3.03 billion in 2024 to $3.26 billion in 2025. This increase represents a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this growth during historical times have included the development of emerging markets, improved healthcare infrastructure, and an increase in the older population.

The market for biopsy devices is predicted to undergo significant growth in the upcoming years, reaching a value of $4.64 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%. Influences stimulating this growth within the estimated period include governmental funding towards healthcare, the escalating occurrences of cancer, and an augmented healthcare expenditure. Key trends identified for this period encompass technological progress, the introduction of completely automated biopsy systems, innovative product development, the creation of biopsy systems supported by robotics, joint ventures, strategic alliances, and heightening financial inputs.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theBiopsy Devices Market?

The biopsy devices market has seen growth due to an increase in cancer cases. Biopsies are commonly employed by medical professionals to diagnose potential anomalies, particularly suspected cancer cells. In the context, the American Cancer Society, a leading US volunteer health organization focused on cancer eradication, indicated in January 2023 that roughly 1.9 million novel instances of cancer are predicted for diagnosis in the US during 2022, along with around 609,360 expected cancer-related fatalities. In particular, it is forecasted that nearly 151,030 new colorectal cancer cases will be discovered by the conclusion of 2022, leading to an estimated 52,550 deaths next year. Moreover, the Canadian Medical Association Journal — a Canada-based general medical journal that is peer-reviewed, open-access, and produced by the Canadian Medical Association — reported in May 2022 that around 233,900 new instances of cancer are predicted to be identified in Canada in 2022. This includes an approximate 28,600 projected cases of breast cancer, making up about 25% of all fresh cancer diagnoses in female patients that year. Lung cancer, with a estimated diagnosis of 30,000 new cases, is predicted to be the most common cancer variety in Canada for 2022.

Which Segments in the Biopsy Devices Offer the Most Growth?

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

Subsegments:

1) By Needle-Based Biopsy Guns: Spring-Loaded Biopsy Guns, Vacuum-Assisted Biopsy Guns

2) By Biopsy Forceps: Endoscopic Biopsy Forceps, Surgical Biopsy Forceps

3) By Biopsy Guidance Systems: Ultrasound-Guided Biopsy Systems, CT-Guided Biopsy Systems, MRI-Guided Biopsy Systems

4) By Biopsy Needles: Core Needles, Fine Needle Aspiration (FNA) Needles, Coaxial Needles

5) By Other Products: Biopsy Sutures, Biopsy Markers, Biopsy Storage Solutions

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What Are the Fastest-Growing Geographies in the #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theBiopsy Devices Market?# Market?

North America was the largest region in the biopsy devices market in 2024. Asia-Pacific was the second largest region in the global biopsy devices market report share. The regions covered in the biopsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Current Market Growth and Trends in the Biopsy Devices Industry?

The utilization of robot-assisted biopsy systems is transforming the biopsy devices market by aiding in the prevention of post-biopsy complications. These robotic systems are utilized to amplify the precision and correctness of the biopsy procedure, with regulatory bodies approving these devices to simplify the process. For example, the FDA gave clearance to Siemens Healthineers and Intuitive’s systems in July 2022. These platforms are designed to facilitate robot-assisted platforms for minimally invasive lung biopsies. This fusion of technology would enable both 2D and 3D imaging during the operations.

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What Are the Key Elements That Define the Biopsy Devices Market?

The 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. They assist in diagnosing diseases, especially cancer, by enabling healthcare professionals to analyze cellular structures and identify abnormal or cancerous cells.

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