The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Biopsy Devices Global Market Report 2024, the biopsy devices market is expected to show significant growth in the forecast period.

Unlocking Growth Potential in Biopsy Devices Market
The biopsy devices market has experienced robust growth in recent years, with the market size reaching $2.87 billion in 2023. Forecasts indicate further expansion, projecting a rise to $3.11 billion in 2024, showcasing a compound annual growth rate (CAGR) of 8.4%. This growth trajectory is set to continue, with estimates placing the market at $4.29 billion by 2028, attributing the surge to various factors.

Factors Driving Growth

• Emerging Markets Expansion
• Healthcare Infrastructure Advancements
• Growing Elderly Population

Projected Growth Drivers

• Government Healthcare Investments
• Increasing Cancer Cases
• Rise in Healthcare Expenditure

Key Trends Shaping the Market

• Technological Advancements
• Launch of Fully Automatic Biopsy Systems
• Product Innovations
• Development of Robot-Assisted Biopsy Systems
• Partnerships and Collaborations
• Rising Investments

View More On The Biopsy Devices Market Report 2024 – https://www.thebusinessresearchcompany.com/report/biopsy-devices-global-market-report

Rising Cancer Incidence Drives Robust Growth In The Biopsy Devices Market
The escalation in cancer cases has significantly contributed to the burgeoning biopsy devices market. Biopsies remain a fundamental diagnostic tool for identifying cancerous cells, with recent statistics underscoring the urgency:

• American Cancer Society estimates of new cancer cases in the United States.
• Canadian Medical Association Journal projections for cancer cases in Canada.

Market Leaders and Innovations

• Becton Dickinson and Company (BD)
• Hologic, Inc.
• Danaher Corporation
• Boston Scientific Corporation
• Olympus Corporation
• Cook Medical
• Medtronic Inc.
• Cardinal Health
• And many more…

Innovative Quick-Core Auto Biopsy System Enhances Market Prospects For Leading Companies
Market leaders are actively innovating to capitalize on growth opportunities. Notably, the development of the Quick-Core Auto Biopsy System by IZI Medical Products LLC exemplifies this trend:

• Launch of Quick-Core Auto Biopsy System for soft tissue biopsy.
• Enhancing reliability, precision, and quality of biopsy procedures.

Quest Diagnostics Acquires Haystack Oncology To Advance Blood-Based Cancer Testing Services
In a strategic move, Quest Diagnostics acquired Haystack Oncology, aiming to revolutionize blood-based cancer testing services:

• Integration of Haystack Oncology’s MRD technology.
• Development of novel blood-based clinical laboratory services.

Segmentation of the Biopsy Devices Market

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 Users

Market Dynamics in North America
North America emerged as the largest region in the biopsy devices market in 2023, reflecting the region’s advanced healthcare infrastructure and significant investments.

Conclusion
The biopsy devices market presents a landscape of dynamic growth driven by technological advancements, rising cancer incidences, and strategic acquisitions. With a focus on innovation and strategic partnerships, market players are poised to unlock new avenues of growth, revolutionizing cancer diagnosis and treatment globally.

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