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What Long-Term Growth Rate is Expected for the Biopsy Devices Market Between 2025 and 2034?

The biopsy devices market has witnessed strong growth in recent years. It is expected to expand from $3.03 billion in 2024 to $3.26 billion in 2025 at a CAGR of 7.7%. Key historical drivers include economic growth in emerging markets, advancements in healthcare infrastructure, and an aging population.

The biopsy devices market is expected to grow to $4.64 billion by 2029 at a CAGR of 9.2%. This growth is supported by government investments in healthcare, rising cancer cases, and increasing healthcare expenditure. Major trends include technological advancements, the introduction of fully automatic biopsy systems, product innovations, the development of robot-assisted biopsy systems, partnerships, and increasing investments.

Which Drivers Are Expected to Have the Greatest Impact on the biopsy devices Market’s Growth?

The rising number of cancer cases is driving the growth of the biopsy devices market. Biopsy is a crucial diagnostic tool used by doctors to detect potential cancer cells. For example, in 2023, the American Cancer Society projected 1.9 million new cancer cases in the United States alone, signaling a growing need for biopsy procedures. As the number of cancer diagnoses increases, the demand for biopsy devices will continue to rise.

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What Are the Key Firms That Are Driving Transformation in the Biopsy Devices Market?

Major companies operating in the biopsy devices market include:

• Becton Dickinson and Company (BD)_x000D_

• Hologic_x000D_

• Inc._x000D_

• Danaher Corporation_x000D_

• Boston Scientific Corporation_x000D_

What Current Trends in the Biopsy Devices Market Should Industry Players Pay Attention To?

Robot-assisted biopsy systems are transforming the biopsy devices market, reducing complications post-biopsy. These systems enhance precision and accuracy, with regulatory bodies approving their use to streamline the process. For example, in July 2022, the FDA approved the integration of Siemens Healthineers’ and Intuitive’s platforms, enabling a robotic-assisted system for minimally invasive lung biopsies. This collaboration facilitates the use of both 2D and 3D imaging during procedures.

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Which Growth-Oriented Segments of the Biopsy Devices Market Are Leading the Industry’s Development?

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

What Regions Are Driving Expansion in the Biopsy Devices 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 Key Parameters Define the Biopsy Devices Market’s Scope?

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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