Biopsy Market is anticipated to Expand at a Significant CAGR of 7.4% to reach USD 2554.83 million by 2023 - Leading Key Players are Medtronic, Leica Biosystems, Hologic, Boston Scientific Corporation, Becton, Cook Medical, C.R. Bard, and MDxHealth

Biopsy Devices Market Overview:

Biopsy Devices is the surgical removal of tissue from an organ to find out the presence or level of a disease, mostly cancerous and inflammatory conditions. This diagnostic process is usually performed by surgeons, radiologists, and interventional cardiologists, to substantiate the presence of cancerous tissue.

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Increasing incidences of cancer such as breast, prostate, lung, and rapid technological advancements have been stimulating the growth of the biopsy devices market. Additionally, increase in awareness for the diagnosis of chronic diseases is also raising the demand for integrated biopsy technologies such as MRI-guided biopsy. Lack of or poor awareness of the diagnosis of chronic diseases is a major restrain for the market.

Biopsy Devices Market Forecast Report (2018-2023):

Global Biopsy Devices Market was worth $1787.89 million in 2018 and estimated to be growing at a CAGR of 7.4%, to reach $2554.83 million by 2023.

Biopsy Devices Market Segmentation:

The global biopsy devices market is segmented based on product into instruments and consumables. Instruments segment is further segregated into manual, automated and semi-automated. Consumables segment is sub-segmented into reagents and kits. Based on type the market is bifurcated into needle biopsy and surgical biopsy. Needle biopsy segmented is further segmented into core needle biopsy, fine needle biopsy and vacuum-assisted biopsy. Surgical biopsy segment is divided among Incisional biopsy and Excisional biopsy. Based on application the market is segregated into scientific research, medical diagnosis, agricultural applications and genetic fingerprinting & sex determination. By End User, the market is divided into pharmaceutical and biology industry, academic research institute, contract research organizations and forensic labs.

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Based on geography the market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America holds the biggest share in the global biopsy device market due to increasing geriatric population. Europe holds the second major market for biopsy devices owing to acceptance of advanced technology in biotechnology and research sector and innovation technologies. Asia pacific is estimated to represent strong potential market growth in the biopsy devices market due to fast technological advancements.

Major Players:

The major companies dominating this market for its products and services are
• Medtronic,
• Leica Biosystems,
• Hologic Inc.,
• Boston Scientific Corporation,
• Becton,
• Cook Medical Inc.,
• C.R. Bard Inc.,
• Mauna Kea Technologies,
• Ethicon EndoSurgery Inc.,
• Veran Medical Technologies,
• Dickinson and Company,
• Fujifilm Medical Systems,
• MDxHealth,
• Argon Medical Devices Inc
• Intact Medical Corp.

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Key Takeaways from this Report:

· For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
· Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
· Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
· Increase overall revenue by understanding the geographical impact on sales and distribution channels.
· Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
· Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
· Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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