Global market for biopsy guidance systems was worth USD 934.4 Million in 2020. It is projected to grow at a compound annual rate of 5.2% between 2021 and 2028. Due to an increase in cancer cases around the world, a rise in the geriatric population and a preference for non-invasive procedures as well as technological advances and government initiatives, the demand for biopsy guidance system is growing rapidly.
The COVID-19 pandemic led to significant reductions in cancer screening, management visits and procedures around the world. A study was done in the U.K. to examine the effects of COVID-19 on delayed cancer detection. It was published in The Lancet Oncology, March 2021. The study included data from more than 100,000 people suffering from colorectal, esophageal or lung cancer. Due to the inaccessibility of screening services, the study showed that the 1- and 5-year survival rates for cancer will be significantly reduced. Due to lockdowns screening services have been disrupted to some degree, which could limit market growth during the forecast period.
Market growth will be driven by the increasing incidence of cancer. Globally, the rising incidence of cancer is largely due to the widespread adoption of sedentary lifestyles like smoking, alcohol consumption, low nutrition and obesity. Globally, there are many cases of cancer. According to the International Agency for Research on Cancer's (IARC), there were approximately 19.3 million cases of cancer and 10.0 million deaths from cancer worldwide in 2020. According to WHO statistics, 2020 was the year of the most common types of cancer.
Breast - 2.26 Million
Lung - 2.21 million
Colon and rectum – 1.93 million
Prostate - 1.41 Million
Non-melanoma skin - 1.20 Million
Stomach - 1.09 Million
Up Market Research published a new report titled “Biopsy Guidance System Market research report which is segmented by End-use (Specialty Clinics, Hospitals), by Product (Stereotactic Guided Biopsy, MRI Guided Biopsy), By Players/Companies ARGON MEDICAL, INRAD Inc, Devicor Medical Products Inc, Cook Medical, Boston Scientific Corporation, PLANMED OY, Becton Dickinson and Company, B Braun Melsungen AG, Hologic Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Biopsy Guidance System Market Research Report |
By End-use | Specialty Clinics, Hospitals |
By Product | Stereotactic Guided Biopsy, MRI Guided Biopsy |
By Companies | ARGON MEDICAL, INRAD Inc, Devicor Medical Products Inc, Cook Medical, Boston Scientific Corporation, PLANMED OY, Becton Dickinson and Company, B Braun Melsungen AG, Hologic Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 216 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End-use (Specialty Clinics, Hospitals), by Product (Stereotactic Guided Biopsy, MRI Guided Biopsy).
Biopsy Guidance System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Biopsy Guidance System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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