Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research announces the release of a new research report that studies the performance and contribution of the global biopsy devices market. The report, titled "Biopsy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018", states that growing at a 6.60% CAGR, the value of the global biopsy devices market is estimated to rise from US$1.3 Bn in 2011 to US$2.1 Bn by 2018.
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The report indicates that the global market for biopsy devices is fueled by growing demand for minimally invasive biopsy procedures, rising incidence of cancer cases, rapidly aging global population, and increase in public awareness about various diseases and the need for screenings conducted for their early diagnosis and treatment. On the down side, high price of technologically advanced devices and issues pertaining to reimbursements are likely to inhibit the growth of the global biopsy devices market.
The biopsy devices market is segmented on the basis of product type into biopsy needles, biopsy guidance systems, needle-based biopsy guns, biopsy forceps, and others such as biopsy punches, brushes, and curettes. Needle-based biopsy guns are estimated to be the most rapidly developing product segment by 2018, registering an 8.0% CAGR during the forecast period. This segment is propelled by the growing inclination for disposable devices over reusable versions. The needle-based biopsy guns segment comprises core needle biopsy devices, vacuum-assisted biopsy devices, and fine needle aspiration biopsy devices. Among these, vacuum-assisted biopsy devices held the largest share in terms of demand.
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Geographically, the global biopsy devices market is divided into North America, Europe, Asia Pacific, and Rest of the World. North America dominates the worldwide market for biopsy devices, followed by Europe, and these developed regions are fueled by strong research efforts and innovation technologies. Asia Pacific, on the other hand, has been known to hold lucrative opportunities for growth in the biopsy devices market and by the end of the forecast period, this region is likely to develop at the fastest pace among other regional markets. The Asia Pacific market for biopsy devices is fueled by favorable demographic and economic factors. In addition, technological advancements in the overall healthcare and medical industry is also responsible for the future growth of the APAC biopsy devices market.
UK Biopsy, Hologic, Inc., C. R. BARD, Inc., INRAD, Inc., DTR Medical, Devicor Medical Products, Inc., Carefusion Corporation, Cardinal Health Inc., and Angiotech are some of the leading participants of the global biopsy devices market. These players are profiled in the biopsy devices market research report on the basis of aspects such as company and financial overview, business strategy, product portfolio, and recent developments.
Biopsy Devices Market, by Product Type
Needle-based Biopsy Guns
- Vacuum-assisted Biopsy (VAB) Devices
- Core Needle Biopsy (CNB) Devices
- Fine Needle Aspiration Biopsy (FNAB) Devices
- Cold (General) Biopsy Forceps
- Hot Biopsy Forceps
Biopsy Guidance Systems
- Manual Systems
- Robotic Systems
- Biopsy Brushes
- Biopsy Punches
- Biopsy Curettes
Major geographies analyzed under this research report are:
- North America
- Rest of the World
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Source:Transparency Market Research