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How has the smart biopsy devices market grown in recent years?

In recent times, there has been substantial growth in the market size of smart biopsy devices. The market, expected to increase from $2.85 billion in 2024 to $3.04 billion in 2025, has a compound annual growth rate (CAGR) of 6.4%. The notable expansion during the historic period is due to the rise in cancer cases, the preference for less invasive approaches, advancements in medical devices, and superior diagnostic precision.

How is the smart biopsy devices market size expected to evolve during the forecast period?

The market size for smart biopsy devices is projected to witness robust expansion in the upcoming years, reaching $4.05 billion by 2029 at a compound annual growth rate (CAGR) of 7.5%. The predicted growth during the forecast period can be credited to the rise of personalized medicine, advances in imaging modalities, the increasing usage of biopsy for biomarker analysis, the entrance of new market players, and improved data connectivity. Major upcoming trends during this forecasted timeline include the incorporation of robotic assistance in biopsies, AI-powered biopsy assistance, the creation of wireless tools for biopsy, handheld and portable devices, as well as real-time guidance systems.

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Which key drivers are propelling the smart biopsy devices market’s growth?

The escalation of cancer incidents is predicted to stimulate the expansion of the smart biopsy devices market. Cancer represents a wide range of diseases that can manifest in almost any organ or tissue when abnormal cells multiply beyond control, break from their standard confines, and either penetrate other organs or invade adjacent body parts. The surge in cancer incidents necessitated the need for detailed and targeted tissue samples. This instigated the formation and enhancement of smart biopsy tools with superior molecular, imaging, and precision abilities to facilitate diagnosis and treatment plans. For example, the World Health Organization, a Switzerland-based Intergovernmental organization, reported in January 2024 that the projection is that there will be over 35 million new cancer cases by 2050. This represents a 77% increase from the estimated 20 million cases and 9.7 million deaths documented in 2022. Thus, the increasing cancer incidents are propelling the growth of the smart biopsy device market.

What are the market segments in the smart biopsy devices industry?

The smart biopsy devices market covered in this report is segmented –

1) By Product: Needle-Based Biopsy Instruments, Procedure Trays, Localization Wires, Other Products

2) By Guidance Technique: Ultrasound-Guided Biopsy, Stereotactic-Guided Biopsy, Magnetic Resonance Imaging-Guided Biopsy, Other Guidance Techniques

3) By Application: Breast Cancer, Skin Cancer, Liver Cancer, Prostate Cancer, Other Applications

4) By End-User: Hospitals, Academic And Research Institutes, Diagnostic And Imaging Centers

Subsegments:

1) By Needle-Based Biopsy Instruments: Core Needle Biopsy Devices, Fine Needle Aspiration (FNA) Devices, Vacuum-Assisted Biopsy Devices

2) By Procedure Trays: Pre-Packaged Biopsy Procedure Trays, Customizable Procedure Trays

3) By Localization Wires: Hook Wire Localization Devices, Radar Localization Devices, Magnetic Localization Devices

4) By Other Products: Biopsy Markers, Biopsy Imaging Systems, Biopsy Guidance Systems

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Which leading companies are shaping the growth of the smart biopsy devices market?

Major companies operating in the smart biopsy devices market include Cardinal Health Inc, General Electric Company, Medtronic Plc, Danaher Corporation, Canon Medical Systems Corporation, Toshiba Corporation, Siemens Healthineers, FUJIFILM Holdings Corporation, Becton Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., Hologic Inc., Cook Medical Inc., CONMED Corporation, Leica Biosystems, Argon Medical Devices Inc., Esaote SpA, SOMATEX Medical Technologies GmbH, Planmed Oy, TSK Laboratory Europe B.V., DTR Medical Ltd., INRAD Inc., Sterylab Srl, EndoMed Systems GmbH

What key trends are currently impacting the smart biopsy devices market’s development?

Leading firms in the smart biopsy device market are developing novel products like breast biopsy markers to enhance accuracy and efficacy of breast cancer diagnosis. These markers aim to pinpoint the exact location of a tissue sample sourced during a biopsy, guiding future treatments and ensuring that the right spot is tracked for potential cancerous growth. In August 2022, Mammotome, an American medical device company, introduced the Mammotome DualCore Dual Stage Core Biopsy System. This minimally invasive breast biopsy tool employs a two-step method to deliver precise, top-quality tissue samples, and is commonly used with ultrasound guidance for accurate, safe, and efficient breast cancer recognition. This system can be integrated with innovative breast biopsy markers to provide doctors with a comprehensive and groundbreaking solution for ultrasound-directed breast biopsies.

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Which geographic areas are influencing the growth of the smart biopsy devices market?

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

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