Global Needle Biopsy Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Fine-Needle Aspiration Biopsy, Core Needle Biopsy, Vacuum-Assisted Biopsy and Image-Guided Biopsy.

By Utility;

Disposable and Reusable.

By Application;

Tumor, Infection, Inflammation and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn797709526 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Needle Biopsy Market (USD Million), 2020 - 2030

In the year 2023, the Global Needle Biopsy Market was valued at USD 205,054.24 million. The size of this market is expected to increase to USD 409,875.79 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.4%.

The Global Needle Biopsy Market is a critical component of modern healthcare, driven by advancements in diagnostic technology and the increasing prevalence of cancer worldwide. Needle biopsy procedures, which involve extracting tissue samples for pathological examination, have gained prominence due to their minimally invasive nature and high diagnostic accuracy. These procedures play a pivotal role in the early detection, diagnosis, and treatment planning of various cancers, including lung, breast, prostate, and liver cancers.

The market growth is propelled by several factors, including the rising incidence of cancer globally, which necessitates accurate and timely diagnosis. Technological advancements in biopsy devices and imaging modalities have further enhanced the precision and safety of needle biopsy procedures, making them indispensable in clinical practice.

Moreover, favorable reimbursement policies in developed regions and increasing healthcare expenditure globally are contributing to the market expansion. The shift towards patient-centric care and personalized medicine approaches also augments the demand for precise diagnostic tools like needle biopsies, as they enable tailored treatment plans based on individual patient characteristics.

However, the market faces challenges such as regulatory complexities, high procedural costs, and variability in diagnostic accuracy, which could impede widespread adoption. Addressing these challenges requires continued innovation, improved training for healthcare professionals, and strategic collaborations across the healthcare ecosystem.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Utility
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Needle Biopsy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Rising cancer incidence
        3. Minimally invasive procedures
        4. Increasing awareness
        5. Growing healthcare expenditure
      2. Restrainnts
        1. Complications and risks
        2. Lack of skilled professionals
        3. Regulatory challenges
        4. High cost of procedures
        5. Limited accuracy
      3. Opportunities
        1. Emerging markets expansion
        2. Personalized medicine approach
        3. Integration of AI
        4. Development of biomarkers
        5. Patient-centric care
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Needle Biopsy Market, By Type, 2020 - 2030 (USD Million)
      1. Fine-Needle Aspiration Biopsy
      2. Core Needle Biopsy
      3. Vacuum-Assisted Biopsy
      4. Image-Guided Biopsy
    2. Global Needle Biopsy Market, By Utility, 2020 - 2030 (USD Million)
      1. Disposable
      2. Reusable
    3. Global Needle Biopsy Market, By Application, 2020 - 2030 (USD Million)
      1. Tumor
      2. Infection
      3. Inflammation
      4. Others
    4. Global Needle Biopsy Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America

        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa

        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Boston Scientific
      2. Cook Medical
      3. Carefusion
      4. Hologic
      5. Cardinal Health
      6. Medax
      7. CR Bard
      8. MöLler Medical
  7. Analyst Views
  8. Future Outlook of the Market