The
worldwide Biopsy Devices Market is
expected to grow at a nearly 6.5% CAGR over the forecast period (2012 to 2020).
By 2020, the industry may report revenues worth almost USD 2.4 billion. High
prevalence of infectious diseases and serious illnesses like cancer and kidney
diseases can propel demand in the years to come. The removal of body tissues to
rule out the growth of abnormal cells is known as biopsy. Biopsies are
conducted quite frequently these days because of high incidence of deadly
diseases.
Growing
geriatric population is a prominent factor that may fuel the industry in the
years to come. Different types of biopsies in cancer diagnosis are incision,
skin, excision, and shave. Popularity of minimally invasive biopsy procedures
can further contribute to global demand. The biopsy devices industry is
gradually expanding in most emerging nations because of greater awareness, high
incomes, investment in R&D, and high healthcare expenditure.
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Products
and regions are two parameters based on which the global Biopsy Devices Market
is categorized. According to products, the industry is divided into biopsy
forceps, biopsy guidance system, needle-based biopsy guns, biopsy needles, and
others. “Others” refers to biopsy punches, curettes, and brushes. Guidance
systems held the highest share in 2013 owing to high prices of robotic guidance
systems. Popularity of accurate & minimally invasive devices and high
incidence of cancer are two key factors that drive this segment. It is
influenced by technological advancements and the surging demand for user-friendly
products.
Needle-based
biopsy guns is a highly profitable segment because of surging demand for the
same for obtaining soft tissue samples from bone marrows, kidneys, prostate
glands, lungs, and breasts. Needle-based biopsy guns are further segmented into
core needle, fine needle aspiration, and vacuum assisted biopsy devices. Biopsy
forceps are of two types, namely hot and cold. The cold biopsy forceps segment
can expand considerably in the years to come because these help prevent the
onset of infectious diseases. The market for robotic guidance systems is
projected to expand remarkably over the forecast period because of surging
disposable incomes and substantial investments in technology.
Geographically,
the global Biopsy Devices Market is classified into Europe, Asia Pacific, North
America, and Rest of the World. North America held maximum shares in 2013 in
terms of revenue. The region may continue dominating the overall industry
throughout the forecast period because of rising prevalence of cancer and
greater awareness about biopsy devices. The Asia Pacific market may grow
rapidly because of a booming population and an expanding medical tourism
industry. Other regional drivers are rising disposable incomes, unmet medical
needs, and gradual improvements in healthcare infrastructure. Key companies
operating in the worldwide industry are DTR Medical; Cardinal Health Inc.;
Hologic Inc.; Devicor Medical Products Inc,; and C.R. Bard Inc.
Researchers
from the University of Adelaide have developed a novel medical device that
could lead to safer brain surgeries. It is a smart needle that helps spot blood
vessels in the body. A miniature imaging probe placed inside a brain biopsy
needle enables surgeons to see those blood vessels that are prone to risks. These
needles on being inserted avoid causing fatal bleeds during the procedure.
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