Emerging Growth Drivers in the Virtual Biopsy Market Landscape: Rising Prevalence Of Oncological Disorders Fueling The Growth Of The Market Due To Increasing Cancer Cases And Non-Invasive Diagnosis Methods
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#What is the Projected CAGR for the Virtual Biopsy Market Size from 2025 to 2034?#_x000D_
The online biopsy market has been expanding at an accelerated pace in recent times. Its projection indicates a growth from $0.63 billion in 2024 to $0.71 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 12.2%. Factors contributing to this growth during the historical period include a surge in demand for non-invasive diagnostic procedures, an uptick in early detection of diseases, amplified efficiency in medical imaging technology, enhanced convenience and comfort for patients, and a greater accessibility of telehealth services._x000D_
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The market size for virtual biopsy is predicted to experience significant expansion in the upcoming years. By 2029, it’s anticipated to reach a value of $1.12 billion, with a compound annual growth rate (CAGR) of 12.0%. This growth during the forecast period could be linked to the increasing emphasis on economical healthcare solutions and preventive healthcare methods. Other contributing factors could include a heightened demand for personalized medicine, an escalating need for less invasive cancer therapies, and the escalating significance of precision oncology. Noteworthy trends during this forecast period could entail the development of imaging sensors and multimodal biopsy methods, incorporation of robotics for accuracy, innovation in the detection of non-invasive biomarkers, and amalgamation with 3D visualization tools._x000D_
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#Which Primay Drivers Are Accelerating Growth in the Virtual Biopsy Market?#_x000D_
The virtual biopsy market is poised for growth, primarily driven by the increasing incidence of oncological disorders. These disorders, related to cancer, are characterized by abnormal cell growth and spread within the body. Factors such as unhealthy diet, sedentary lifestyle, tobacco consumption, and escalating exposure to environmental pollutants contribute to the rising prevalence of these conditions. Virtual biopsies offer a significant benefit by delivering non-invasive, real-time images that mitigate the need for conventional tissue biopsies, thereby enhancing diagnostic precision and patient safety. For example, as per the Australian Institute of Health and Welfare, a governmental institution in Australia, the total number of cancer diagnoses saw an uptick, reaching 160,570 in 2022 from 156,781 in 2021 – a surge of 3,789 cases. Hence, the climbing incidence of oncological disorders is fuelling the expansion of the virtual biopsy market._x000D_
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#Which Primary Segments of the Virtual Biopsy Market Are Driving Growth and Industry Transformations?#_x000D_
The virtual biopsy market covered in this report is segmented –_x000D_
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1) By Target Thrapeutic Areas: Oncological Disorders, Neurological Disorders, Cardiovascular Disorders, Ophthalmological Disorders, Endocrine Disorders, Gastrointestinal Disorders, Other Target Therapeutic Areas_x000D_
2) By Cancer Targeted: Solid Malignancies, Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Cancer, Other Cancer Targeteds_x000D_
3) By Imaging Technologies: Magnetic Resonance Imaging, Computed Tomography, X-Ray, Ultrasound, Other Imaging Technologies_x000D_
4) By End Users: Hospitals And Clinics, Research Institutes And Diagnostic Centers, Other End Users_x000D_
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Subsegments:_x000D_
1) By Oncological Disorders: Lung Cancer, Breast Cancer, Prostate Cancer, Colorectal Cancer, Liver Cancer, Brain Tumors, Other Cancers_x000D_
2) By Neurological Disorders: Alzheimer’s Disease, Parkinson’s Disease, Multiple Sclerosis, Epilepsy, Brain Injuries, Stroke, Other Neurological Conditions_x000D_
3) By Cardiovascular Disorders: Coronary Artery Disease, Heart Failure, Arrhythmias, Aortic Aneurysm, Valvular Heart Disease, Myocardial Infarction, Other Cardiovascular Conditions_x000D_
4) By Ophthalmological Disorders: Age-Related Macular Degeneration, Diabetic Retinopathy, Glaucoma, Retinal Vein Occlusion, Cataracts, Other Eye Disorders_x000D_
5) By Endocrine Disorders: Diabetes Mellitus, Thyroid Disorders, Adrenal Gland Disorders, Pituitary Gland Disorders, Parathyroid Disorders, Other Endocrine Conditions_x000D_
6) By Gastrointestinal Disorders: Inflammatory Bowel Disease, Colorectal Polyps, Gastric Ulcers, Liver Cirrhosis, Pancreatic Disorders, Hepatitis, Other Gastrointestinal Conditions_x000D_
7) By Other Target Therapeutic Areas: Musculoskeletal Disorders, Renal Disorders, Pulmonary Disorders, Hematologic Disorders, Dermatological Disorders, Infectious Diseases, Other Miscellaneous Conditions_x000D_
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#Which Regions Are Key Players in the Growth of the Virtual Biopsy Market?#_x000D_
North America was the largest region in the virtual biopsy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual biopsy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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#Which Technological Trends Are Reshaping the Virtual Biopsy Industry Dynamics?#_x000D_
Leading businesses in the virtual biopsy market are prioritizing the development and approval of technologically superior solutions, like the Magnetic Resonance Spectroscopy (MRS) platform. This non-invasive imaging technique provides detailed molecular data of tissues, improving diagnostic precision and real-time analysis for early illness identification and personalized care. For example, BrainSpec Inc., an American healthcare technology firm, gained the approval of the U.S. Food and Drug Administration (FDA) in November 2023 for its AI-powered BrainSpec platform. The device uses AI to analyze MR spectroscopy data, measuring brain metabolites such as 2-hydroxyglutarate, offering non-invasive virtual biopsies for diagnosing gliomas, alzheimer’s and multiple sclerosis. This system smoothly works with standard MRI scanners, automates data processing and delivers insights quickly, using a reference database of brain chemistry to enhance its diagnostic accuracy._x000D_
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#What Parameters Are Used to Define the Virtual Biopsy Market?#_x000D_
Virtual biopsy is a non-invasive diagnostic technique that uses advanced imaging technologies combined with computer algorithms to analyze tissues for signs of disease. Its primary purpose is to detect abnormalities, such as tumors or infections, without the need for a traditional tissue sample, reducing risks and recovery time for patients. This method is safer, faster, and less painful than traditional biopsies._x000D_
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