Global Biopsy Devices Market Size and Forecast to 2029: Revenue, Growth, and Trends

Uncover key drivers, emerging technologies, and competitive movements shaping the biopsy devices market from 2025–2034 with trusted insights from The Business Research Company

How Big Is The Biopsy Devices Market Size Today And What Will Its Value Be At The End Of 2029?

The biopsy devices market has shown strong growth in its size over recent years. It is anticipated to expand from $3.03 billion in 2024 to $3.24 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.9%. This past growth can be linked to the rise of emerging markets, improvements in healthcare infrastructure, and an increase in the elderly population.

The biopsy devices market size is anticipated to demonstrate substantial growth over the coming years. It is projected to reach $4.56 billion by 2029, progressing at a compound annual growth rate (CAGR) of 9.0%. This expansion during the forecast period is primarily driven by government investments in the healthcare sector, an increase in cancer incidence, and rising healthcare expenditure. Notable trends expected during this period encompass technological advancements, the introduction of fully automatic biopsy systems, product innovations, the development of robot-assisted biopsy systems, partnerships and collaborations, and growing investments.

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Which Key Drivers Are Powering Growth In The Biopsy Devices Market?

The growing number of cancer instances has contributed to the expansion of the biopsy devices market. A biopsy serves as a primary method for medical professionals to diagnose bodily abnormalities when the presence of cancer cells is suspected. For example, in January 2023, the American Cancer Society, a US-based nationwide voluntary health organization dedicated to eliminating cancer, reported that approximately 1.9 million new cancer cases were projected to be diagnosed in the United States in 2022, alongside an estimated 609,360 cancer-related deaths. More specifically, about 151,030 new cases of colorectal cancer were expected to be identified by the end of 2022, with projections indicating roughly 52,550 deaths in 2023. Furthermore, in May 2022, the Canadian Medical Association Journal, a Canada-based peer-reviewed open-access general medical journal published by the Canadian Medical Association, stated in its report that an estimated 233,900 new cancer cases would be diagnosed in Canada during 2022. Among these, around 28,600 cases were anticipated to be breast cancer, accounting for approximately 25% of all new cancer diagnoses in women for that year. Lung cancer was predicted to be the most prevalent type of cancer in Canada in 2022, with an estimated 30,000 new cases.

Which Segment Categories Are Driving Maximum Growth In The Biopsy Devices Market?

The biopsy devicesmarket 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 Key Trends Are Driving Growth In The Biopsy Devices Market?

Robot-assisted biopsy systems are significantly impacting the biopsy devices market and are instrumental in preventing complications that can arise after a biopsy. These robotic procedures are employed to boost the precision and accuracy of the biopsy process, prompting medical authorities to approve the devices to streamline the procedure. For example, in July 2022, the FDA provided clearance for Siemens Healthineers’ and Intuitive’s platforms to establish a robotic-assisted platform specifically for minimally invasive lung biopsies. This advanced integration is set to enable 2D and 3D imaging during the procedures.

Who Are The Leading Companies Driving The Biopsy Devices Market?

Major companies operating in the biopsy devices market include Becton Dickinson and Company (BD), Hologic, Inc., Danaher Corporation, Boston Scientific Corporation, Olympus Corporation, Cook Medical, Medtronic Inc, Cardinal Health, Argon Medical Devices Inc., Fujifilm Holdings Corp, BMA Co. Ltd., Transmed (China) Co., LTD, HaploX Biotechnology, Gene+sLab, Lepu Medical Technology, CMR Naviscan Corporation, DDD Diagnostics, Philips Healthcare, Siemens Healthineers, Abbott Laboratories, Bangs Laboratories Inc, Roche Diagnostics, Cepheid, Devicor Medical Products, Braile Biomedica Ltd, B.Braun Medical Gulf, Stryker ESCS BV

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Which Region Holds The Largest Share In The Biopsy Devices Market Today?

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

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