Global Biopsy Device Market is anticipated to surpass USD 2.8 Billion by the year end of 2025

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Renub Research report titled "Biopsy Devices Market, Global Forecast, by Products (Biopsy Needles, Guidance Systems, Biopsy Guns Reagents and kits and others), Regions (North America, Europe, Asia-Pacific & Rest of the World), Application, Companies" captures a detailed analysis of global Biopsy Devices market and volume and provides an all-encompassing analysis of the key growth drivers and preventive factors, key players and their projections for the future. Global Biopsy Device Market is anticipated to surpass USD 2.8 Billion by the year end of 2025.

Biopsy refers to surgical removal of a tissue from any human organ in order to know the existence of a particular cancer disorder. This procedure is performed by surgeons, cardiologists and radiologists. The use of each biopsy tool can vary depending on the type of organ being considered.

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The main factor driving market growth is minimal invasive surgery which mitigates risks and side effects. In addition, increasing awareness about chronic disease diagnosis increases demand for advanced biopsy technologies such as stereotactic-guided biopsy. Nevertheless, high biopsy procedure costs and limited availability of skilled professionals in low-income countries are hampering market growth.

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Biopsy was one of the main cancer disease screening methods and is commonly used in breast, hair, and prostate cancer diagnosis. According to the World Cancer Report, cancer rates will continue to rise to 15 million new cases by 2020. Therefore, the market is expected to increase with the rising incidence of cancer cases and advancements in biopsy devices.

Most countries have services for early breast cancer detection. These policies will therefore increase the rate of adoption of biopsy devices and thus have a positive impact on the development of the industry of biopsy devices in the foreseeable future.

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Market Summary:

By Segments: The product-based demand for biopsy devices is categorized into Biopsy Needles, Guidance Systems, Biopsy Guns, Reagents and kits and others. The needle-based biopsy tools gained the largest market share of biopsy products in 2018. This segment is also expected to grow at the fastest rate in the forecast period due to an increase in breast cancer, gastrointestinal tract diseases and soft tissue sarcomas.

By Application: Breast biopsy in the product segment which has produced the highest revenue in 2018 and is expected to maintain its dominance over the forecast period, according to the report. This is due to an increase in the number of patients with breast cancer who have been observed across the globe over the years and are expected to continue this trend in the future.

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By Regions: Due to the high availability of trained medical professionals, the existence of well-developed infrastructure facilities and the presence of a number of key players, North America holds the largest market share in 2018 and is expected to maintain its dominance during the forecast period.

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Key Topics Covered :

1.    Introduction

2.    Research Methodology

3.    Executive Summery

4.    Global – Biopsy Devices Market

5.    Market Share – Global Biopsy Devices

6.    By Product - Biopsy Devices Market

7.    By Application - Biopsy Devices Market

8.    By Region - Biopsy Devices Market

9.    By End - User - Biopsy Devices Market

10.    Becton, Dickinson and Company – Company Analysis

11.    B. Braun Melsungen AG – Company Analysis

12.    Cardinal Health, Inc. – Company Analysis

13.    Olympus Corporation – Company Analysis

14.    Boston Scientific Corporation – Company Analysis

15.    Medtronic plc – Company Analysis

16.    Hologic, Inc. – Company Analysis

17.    Growth Drivers

18.    Challenges

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