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Global breast biopsy devices market: Driving factors, industry challenges, segmentation, key vendor analysis, leading countries, and market size and forecast 2023-2027 - Technavio - Yahoo Finance

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NEW YORK, Jan. 23, 2023 /PRNewswire/ --
In-depth analysis provided in the report includes:

Technavio has announced its latest market research report titled Global Breast Biopsy Devices Market 2023-2027
Technavio has announced its latest market research report titled Global Breast Biopsy Devices Market 2023-2027
  • Current and future market trends to highlight market conditions

  • Comparative analysis of the market and its segments for the historic period of 2017 - 2021

  • Market drivers and market impediments and their impact on market growth

  • Positioning of market players and their business strategy analysis

  • Download a sample now!

Global breast biopsy devices market size & segmentation analysis

The breast biopsy devices market is estimated to grow at a CAGR of 10.95% between 2022 and 2027. The size of the market is forecasted to increase by USD 721.64 million. The breast biopsy devices market is segmented based on product, end-user, and geography.

  • Based on product, the breast biopsy devices market is segmented into biopsy needles and systems, biopsy image-guided systems, and others.

  • Based on end-user, the market is segmented into hospitals, ASCS, breast cancer specialty centers and clinics, and others.

  • Based on geography, the breast biopsy devices market is segmented into North America, Europe, Asia, and Rest of World (ROW).

  • For insights on the market contribution of each segment, buy the report!

Breast biopsy devices market: Country-level analysis

The countries covered in the breast biopsy devices market report are the US and Canada (North America); the UK, Germany, France, and Rest of Europe (Europe); China and India (Asia); and Brazil, Argentina, and Rest of the Middle East & Africa (ROW).

  • North America is estimated to account for 39% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The prevalence of cancer has increased in North America. Cancer is one of the most common diseases among the population in the region.

  • Over the past few years, the adoption of various advanced technologies has increased in North America. The growth of the regional market is primarily driven by the adoption of advanced technologies in the healthcare sector, the increasing healthcare expenditure, the rising prevalence of breast cancer, and the growing awareness about mammograms.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!

Global breast biopsy devices market: Dynamics & insights

Technavio's research report on the breast biopsy devices market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The growing prevalence of breast cancer cases is notably driving the market growth. The increasing awareness about the prevalence of breast cancer is encouraging people to undergo screening and diagnosis. To minimize the incidence of breast cancer, there is a need to gather a wide range of accumulative data, create awareness, establish facilities, and treat patients after a proper analysis. Mammograms and ultrasounds are some of the major guidance systems used for the proper identification of breast cancer. Breast biopsies are performed by healthcare professionals for the early detection and diagnosis of breast cancer, which is driving the demand for breast biopsy procedures. These factors are expected to boost the growth of the market during the forecast period.

The high cost of breast biopsy is a major challenge impeding the market. Healthcare professionals recommend breast biopsy procedures to screen for breast cancer. Mammograms, ultrasounds, and MRIs are some of the systems used to locate abnormalities in breasts. Needle biopsy helps physicians determine the cause of a mass or lump formation in the breast of a patient. Hospitals, clinics, and cancer specialty centers use image-guided, minimally invasive breast biopsies. The cost of these procedures includes the cost of the modality used and the cost of professionals. However, patients may be unwilling to opt for image-guided breast biopsy procedures because of their high cost. These factors will hinder the market's growth during the forecast period.

Breast biopsy devices market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the breast biopsy devices market are Advin Health Care, Allengers Medical Systems Ltd., Argon Medical Devices Inc., Becton Dickinson and Co., BIOPSYBELL Srl, Cook Medical LLC, Danaher Corp., FUJIFILM Corp., General Electric Co., Hologic Inc., IZI Medical Products, Merit Medical Systems Inc., Metaltronica Spa, Planmed Oy, Scion Medical Technologies LLC, Siemens Healthineers AG, Suretech Medical Inc., Vector Medical, Zamar Care, and Carestream Health Inc., among others. For insights on the vendor offerings, download a PDF sample!

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The predicted growth for the breast imaging technologies market size from 2021 to 2026 is USD 2.30 billion at a progressing CAGR of 8.73%. This report extensively covers segmentation by type (mammography, breast ultrasound, breast MRI, image-guided breast biopsy, and other imaging techniques) and geography (North America, Europe, Asia, and Rest of World (ROW)).

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Breast Biopsy Devices Market Scope

Report Coverage

Details

Page number

197

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.95%

Market growth 2023-2027

USD 721.64 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.93

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 39%

Key countries

US, Canada, Germany, France, and China

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Advin Health Care, Allengers Medical Systems Ltd., Argon Medical Devices Inc., Becton Dickinson and Co., BIOPSYBELL Srl, Cook Medical LLC, Danaher Corp., FUJIFILM Corp., General Electric Co., Hologic Inc., IZI Medical Products, Merit Medical Systems Inc., Metaltronica Spa, Planmed Oy, Scion Medical Technologies LLC, Siemens Healthineers AG, Suretech Medical Inc., Vector Medical, Zamar Care, and Carestream Health Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's health care market reports

Table of content:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.3 Market size 2022

4 Historic Market Size

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Product

  • 6.1 Market segments

7 Market Segmentation by End-user

  • 7.1 Market segments

8 Market Segmentation by Modality

  • 8.1 Market segments

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

  • 11.1 Market drivers

  • 11.2 Market challenges

  • 11.4 Market trends

12 Vendor Landscape

  • 12.1 Overview

  • 12.2 Vendor landscape

  • 12.4 Industry risks

13 Vendor Analysis

  • 13.1 Vendors covered

  • 13.5 BIOPSYBELL Srl

  • 13.6 Cook Medical LLC

  • 13.7 Danaher Corp.

  • 13.8 FUJIFILM Corp.

  • 13.10 Hologic Inc.

  • 13.13 Metaltronica Spa

  • 13.14 Planmed Oy

  • 13.17 Zamar Care

14 Appendix

  • 14.1 Scope of the report

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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