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How Will the Breast Biopsy Market’s Growth Rate Evolve Over the Forecast Period to 2034?

In recent times, the market size of breast biopsy has seen a notable increase. The projected growth suggests a rise from $1.42 billion in 2024 to $1.53 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.6%. The past growth is largely due to the escalating incidence of breast cancer, the increase in the aging population, the enhancement of awareness programs, the rise in healthcare spending, and a trend towards outpatient and ambulatory settings.

In the next few years, the market size for breast biopsy is anticipated to experience robust expansion, reaching a value of $2.03 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to the predicted growth during the forecast period include advancements in healthcare infrastructure, the rise of personalized medicine, enhanced healthcare accessibility in emerging regions, favorable regulatory and reimbursement policies, along with the emergence of telemedicine and remote diagnostic methods. Key trends that will shape the forecast period include the adoption of robotics in biopsy procedures, an increase in home-based biopsy kits, the growing relevance of genomic biopsies, a patient-centric care model approach, the implementation of blockchain for data protection, and an emphasis on post-biopsy surveillance tools.

What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Breast Biopsy Market?

The brest biopsy market is set to escalate due to the increasing prevalence of breast cancer. Breast cancer, characterized by the growth of malignant tumors in the breast cells, poses a danger of spreading to other body parts if not promptly managed. The higher incidence of breast cancer is attributed to aspects such as increased life expectancy, enhanced detection processes, and heightened awareness about this disease. A breast biopsy plays a pivotal role in extracting tissue samples from suspicious areas in the breast, which aids in diagnosing and determining the nature of breast cancer. Citing an example, the American Cancer Society, a US-based non-profit body, reported in January 2023 that the number of fresh invasive breast cancer instances in American women had escalated from roughly 281,550 in 2021 to 297,790 in 2023. Consequently, the rising prevalence of breast cancer is fueling the expansion of the breast biopsy market.

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Who Are the Influential Players Reshaping the Breast Biopsy Market Landscape?

Major companies operating in the breast biopsy market are Medtronic PLC, Siemens Healthineers AG, Fujifilm Holdings Corporation, Becton Dickinson and Company (BD), Koninklijke Philips, GE HealthCare Technologies Inc., Hologic Inc., The Cooper Companies Inc., Merit Medical Systems, Argon Medical Devices, Canon Medical Systems Corporation, Devicor Medical Products Inc., Mermaid Medical Group, Planmed Oy, Menarini-Silicon Biosystems, Seno Medical Instruments Inc., Surgical Innovations Group, Sterylab Srl, Dilon Technologies Inc., INRAD Inc., Promaxo Inc.

What New and Evolving Trends Are Having a Lasting Impact on the Breast Biopsy Market?

Key players in the breast biopsy market are concentrating on the creation of novel solutions like a vacuum-assisted breast biopsy system to improve the care provided to patients with benign lesions. Such a system is a medical apparatus that utilizes suction to extract multiple tissue samples from an area of concern within the breast, using only one needle insertion. An example of this was the launch in August 2022 by Devicor Medical Products, Inc., an American medical device corporation, of the Mammotome Revolve EX Dual Vacuum-Assisted Breast Biopsy System. This system is equipped with a dual vacuum function for superior tissue acquisition, enabling high-volume sampling with increased precision. The device’s user-friendly design features a rotating probe for maximum maneuverability and a single insertion method to decrease patient discomfort. Moreover, the system boasts real-time imaging integration for accurate targeting and effective biopsy procedures.

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Which Key Market Segments Comprise the Breast Biopsy Market and Drive Its Revenue Growth?

The breast biopsymarket covered in this report is segmented –

1) By Type: Biopsy Needles, Guidance Systems, Biopsy Tables, Localization Wires, Assay Kits, Liquid Biopsy Instruments, Other Types

2) By Image Guided Technology: Magnetic Resonance Imaging (MRI) Guided Breast Biopsy, Ultrasound Guided Breast Biopsy, Mammography Guided Stereotactic Biopsy, Computed Tomography (CT) Guided Biopsy, Other Image Guided Breast Biopsy

3) By Procedure: Needle Breast Biopsy, Open Surgical Breast Biopsy, Liquid Breast Biopsy

4) By Application: Hospitals, Clinics, Diagnostic Centers, Other Applications

Subsegments:

1) By Biopsy Needles: Core Biopsy Needles, Fine Needle Aspiration (FNA) Needles, Vacuum-Assisted Biopsy Needles, Automatic Biopsy Needles

2) By Guidance Systems: Ultrasound Guidance Systems, MRI Guidance Systems, Stereotactic Guidance Systems, Tomosynthesis Guidance Systems

3) By Biopsy Tables: Adjustable Biopsy Tables, Specialty Biopsy Tables, Imaging-Compatible Biopsy Tables

4) By Localization Wires: Hookwire Localization Devices, Radioguided Localization Wires, Magnetic Seed Localization Systems

5) By Assay Kits: Breast Cancer Assay Kits, Biomarker Detection Kits, Genetic Testing Kits for Breast Cancer

6) By Liquid Biopsy Instruments: Circulating Tumor Cell (CTC) Isolation Devices, Plasma DNA Isolation Kits, Liquid Biopsy Analysis Systems

7) By Other Types: Biopsy Adhesives, Specimen Collection and Transport Devices, Patient Management Systems

Which Geographic Locations Are Critical to the Growth of the Breast Biopsy Market?

North America was the largest region in the breast biopsy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the breast biopsy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Do Experts Define the Scope of the Breast Biopsy Market?

A breast biopsy is a medical procedure in which a small sample of breast tissue is removed and examined under a microscope to determine if it is cancerous or benign. It is typically performed when a lump or abnormality is detected in the breast through imaging tests or physical exams. The biopsy can be done using various methods, such as needle biopsy or surgical biopsy, often guided by imaging techniques such as ultrasound, and mammography.

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