ALBANY, N.Y., Nov. 2, 2020
- Advances in imaging modalities have led to increased visibility of biopsy needles, thereby improving the accuracy of diagnosis and marked prevalence of cancer makes North America and Europe notably lucrative markets
- Needle biopsy market to clock CAGR of 7% during 2020–2030, Technological advances help surgeons access array of anatomical structures
ALBANY, N.Y., Nov. 2, 2020 /PRNewswire/ -- Rise in demand for needle biopsy in minimally invasive interventional medical procedures has gained traction in healthcare industry for diagnosing prostate, skin, and breast cancer. All these cancer have a high incidence in men.
In particular, the use of various technologies in needle biopsies has aided in the diagnosis and treatment of breast cancer patients. Recent innovations relate to improving the visibility and accuracy, such as minimizing the needle deflection.
The global needle biopsy market was pegged at ~US$ 630 Mn in 2019 and reach worth of US$ 1.2 Bn by the end of 2030.
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Growing global health and economic burden of cancer has propelled technological advances in the needle biopsy market.
Key Findings of Needle Biopsy Market Report
Explore 193 pages of top-notch research, incisive insights, and detailed country-level projections on Needle Biopsy Market (Type: Fine-needle Aspiration Biopsy and Core Needle Biopsy; Application: Breast Cancer, Thyroid Cancer, Prostate Cancer, Liver Cancer, and Others; and End User: Hospital, Diagnostics & Imaging Centers, Research Laboratories & Academic Institutes, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/report-toc/79263
Needle Biopsy Market: Key Driving Factors and Promising Avenues
Interventional medical procedures that need needle biopsies have grown in healthcare applications. Several demographic and healthcare trends propel growth, some of which are detailed below:
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Needle Biopsy Market: Regional Assessment
The high cancer mortality in the U.S. has spurred the demand for new technologies in fine-needle aspiration used in biopsies. This is one of the factors propelling North America on a high growth trajectory. In 2019, the regional market held the major share in the global needle biopsy market. The presence of favorable reimbursement policies has spurred the demand.
Europe has also been a promising market, fueled increasingly by the adoption of advanced healthcare equipment used in cancer management.
Asia Pacific market is expected to expand at a promising pace during the forecast period of 2020 – 2030.
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Key Impediments to Needle Biopsy Market Stakeholders
The demand in the needle biopsy market has been impeded heavily by the growing traction of lesser invasive methods. A notable case in point is the rising clinical avenue for liquid biopsies. Recent clinical trials have shifted toward testing alternative, minimally invasive technologies.
Nevertheless, manufacturers in the needle biopsy market are leaning on making substantial improvements in physical and functional parameters, which will expand the avenue in coming years.
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The Needle Biopsy Market has been segmented as follows:
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