Global Biopsy Devices Market to hit $3bn by 2024: Global Market Insights Inc. According to research report “Biopsy Devices Market Size By Product (Needle Based Biopsy Gun [Vacuum-Assisted, Fine Needle, Core Needle], Biopsy Guidance System [Manual, Robotic], Biopsy Needles [Disposable, Reusable], Biopsy Forceps [General Biopsy, Hot Biopsy]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, China, India, Japan, Mexico, Brazil, Argentina, Saudi Arabia, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc., Global Biopsy Devices Market size was valued at $1.76 billion for 2015 and is projected to record CAGR of about 6.6% during forecast timeframe. Rising occurrence of cancer, increasing demand for minimally invasive drug procedures and enhanced expenditure on efficient investigative methods are few of the main aspects promoting industry growth. Rise in proportion of patients suffering from cancer ailment is predicted produce heavy demand for biopsy methods. Launch of new government policies aimed at enhancing compensation coverage like Obamacare Act in countries like U.S. is predicted to broaden the customer base. High rate of penetration of technically modernized devices like disposable items and vacuum assisted systems is projected to promote biopsy devices industry trends.
Increase in old age population who are at high risk of acquiring cancer ailment has led to growing occurrence of cancer ailment globally. Furthermore, rising geriatric population along with large unexplored potential avenues in nations like China, India and Japan is predicted to stimulate industry growth during forecast timeframe. Product Insights Global biopsy devices industry is segmented into various products like needle based biopsy gun, biopsy forceps, biopsy needles and biopsy guidance system. Needle based biopsy gun segment is sub-segmented into core needle segment, vacuumassisted segment and fine needle segment. Biopsy forceps segment is also segmented into sub-segments like hot biopsy segment and general biopsy segment. Biopsy needles segment is segmented into reusable segment and disposable segment. Biopsy guidance system is sub-segmented into robotic and manual segments. Biopsy guidance system dominated the product segment and it was followed by needle based biopsy gun segment as well as biopsy needles segment.
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