Biopsy Needle Market Will Reach USD 986.5 Million by 2025. The reports forecast the biopsy needle market by type, application, utility, and region. It highlights COVID-19 impact on the biopsy needle industry.

Description

Global Biopsy Needle Market: by Type (Fine Needle-Aspiration Biopsy, Core Needle Biopsy, Vacuum-Assisted Biopsy, and Image Guided Biopsy), by Application (Tumor, Infection, Inflammation, and Others), by Utility (Disposable and Reusable) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The biopsy needle market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the biopsy needle industry aspects.

Biopsy Needle Market Introduction

The biopsy needle market size was valued at USD 562.4 million in 2019, which is expected to reach USD 986.5 million by 2025, registering a CAGR of 6.6% during the forecast period (2020-2025). Biopsy needles are medical instruments that is used to detect cancer and to extract a sample of cells or tissues from different parts of the body such as the kidney, lungs, bone marrow, and others. The trend for various types of technologies and products, such as needle-based biopsy guns and biopsy guiding systems, increasing in the global biopsy needle market.

 Factors Affecting the Biopsy Needle Industry over the Forecast Period

• Factors such as the high prevalence of cancer and growing healthcare expenditure in emerging nations are anticipated to drive the global growth for the biopsy needle market.
• The development of new diagnostic technologies and procedures such as core needle biopsy, needle-aspiration biopsy, vacuum-assisted biopsy, and image-guided biopsy has positively impacted the sales of biopsy needles in the healthcare and pharmaceutical sector across the globe significantly.
• However, the dearth of well-trained and skilled healthcare professionals and stringent regulations for medical devices may restrain the growth of biopsy needles in the global market over the forecast period.

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Impact of COVID-19 on Biopsy Needle Market

The COVID-19 pandemic is expected to have a modest impact on the growth of the biopsy needle market in 2020. The demand for biopsy needles has been stagnant, across applications in the extraction of samples for infections, cancer, and others. Therefore, the demand for biopsy needle will foresee a slight decline in the global market in 2020.

Scope of the Report

The report outlines the global biopsy needle market study based on type, application, and utility.

The biopsy needle market has been segmented on the basis of type –

• Fine Needle-Aspiration Biopsy
• Core Needle Biopsy
• Vacuum-Assisted Biopsy
• Image-Guided Biopsy

The biopsy needle market has been segmented on the basis of application –

• Tumor
• Infection
• Inflammation
• Others

The biopsy needle market has been segmented on the basis of utility –

• Disposable
• Reusable

Biopsy Needle Market: Regional Outlook

Based on the region, the global biopsy needle market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, North America held the largest share in the biopsy needle market, followed by Asia Pacific and Europe due to growing healthcare expenditure and technology advancement in the region. Moreover, Asia Pacific is expected to project the highest CAGR globally over the forecast period, owing to rapidly developing medical infrastructure and increasing spending on healthcare in the region.

Biopsy Needle Market Key Competitors Includes –

The biopsy needle market is fragmented, with the presence of a large number of small players across the globe. The key biopsy needle market manufacturers operating in the global market are –

• 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

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