Our comprehensive research on the Global Biopsy Needle Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global biopsy needle market size US$ 701.1 million in 2021. The global biopsy needle market is forecast to grow to US$ 1,268.1 million by 2030, registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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Biopsy needles are deployed to diagnose cancer and take a sample of cells or tissues from various regions of the body, such as the kidneys, lungs, and bone marrow. The global biopsy needle market is seeing an increase in demand for a variety of technologies and products, including needle-based biopsy guns and biopsy guiding systems.
Factors Influencing the Market
The increasing prevalence of cancer is the primary factor driving the growth of the global biopsy needle market. In addition, growing healthcare expenditure in emerging economies is expected to benefit the global biopsy needle market.
The growing number of research activities to introduce new diagnostic technologies will benefit the global biopsy needle market during the forecast period. In addition, an increasing number of efficient procedures, such as core needle biopsy, vacuum-assisted biopsy, needle-aspiration biopsy, and image-guided biopsy, will benefit the biopsy needle market as the demand for the product will increase.
However, the shortage of well-trained professionals may limit the growth of the global biopsy needle market. On the contrary, the increasing number of diagnostic centers and consumer awareness regarding early-stage diagnostics will accelerate the market growth in the coming years.
Regional Analysis
North-America biopsy needle market is forecast to register the highest growth rate, followed by the Asia Pacific and Europe. The growth of North America is attributed to high healthcare expenditure and increasing public awareness about the early diagnosis of cancer. In addition, the rising cases of cancer in the region will benefit the regional biopsy needle market during the study period.
The governments in Asia-Pacific and Europe are focusing highly on increasing healthcare expenditure, which will contribute to the growth of the biopsy needle market in the coming years.
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Competitors in the Market
- Angiotech
- Argon Medical Devices
- Becton Dickinson and Company
- Boston Scientific Corportion
- Cardinal Health, Inc.
- CareFusion Corporation
- Cook Group Incorporated
- Creganna Medica
- Hologic, Inc.
- Kompass
- Medax Medical Devices
- Medtronic plc
- Moller Medical GmbH
- Stryker Corporation
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Biopsy Needle industry experienced notable growth in its workforce. Starting in January, employment within the Biopsy Needle sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Biopsy Needle output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Biopsy Needle output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Biopsy Needle market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Biopsy Needle market.
Market Segmentation
The global biopsy needle market segmentation focuses on Type, Application, Utility, and Region.
Based On Type –
- Fine Needle-Aspiration Biopsy
- Core Needle Biopsy
- Vacuum-Assisted Biopsy
- Image-Guided Biopsy
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Based On Application –
- Tumor
- Infection
- Inflammation
- Others
Based On Utility –
- Disposable
- Reusable
Based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Biopsy Needle Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Biopsy Needle Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Biopsy Needle Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Biopsy Needle Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Biopsy Needle market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Biopsy Needle market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Biopsy Needle business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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