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What key factors are powering the surge in the breast biopsy market right now?

The breast biopsy market has expanded steadily and is forecasted to grow from $1.42 billion in 2024 to $1.53 billion in 2025 at a CAGR of 7.6%. Factors contributing to past growth include the rising prevalence of breast cancer, an aging population, increased awareness programs, growing healthcare expenditure, and a shift toward outpatient and ambulatory care settings.

How fast Is the breast biopsy market expected to grow, and what’s its future value?

The breast biopsy market is anticipated to grow steadily, reaching $2.03 billion by 2029 with a CAGR of 7.3%. This growth is driven by healthcare infrastructure advancements, the rise of personalized medicine, improved healthcare access in developing regions, favorable regulations, reimbursement policies, and the expansion of telemedicine and remote diagnostics. Notable trends include robotics integration in biopsy procedures, an increase in home-based biopsy kits, growing relevance of genomic biopsies, patient-centered care models, blockchain applications for data security, and innovations in post-biopsy monitoring tools.

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What are the leading drivers of growth in the breast biopsy market?

The increasing cases of breast cancer are accelerating the growth of the breast biopsy market. Breast cancer, a malignant tumor in breast tissue, is becoming more prevalent due to rising life expectancy, improved detection methods, and increased awareness. A breast biopsy helps diagnose and assess breast cancer by examining tissue samples from suspicious areas. For example, the American Cancer Society reported in January 2023 that new invasive breast cancer cases in U.S. women increased from 281,550 in 2021 to 297,790 in 2023. Therefore, the growing prevalence of breast cancer is driving the breast biopsy market.

What are the key segments defining the breast biopsy market?

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

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Who are the key players steering the development of the breast biopsy market?

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 emerging trends are influencing the growth of 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 regions are most influential in expanding 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.

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