Asia Pacific Biopsy Devices Market to Grow at 7.77% During 2024-2032, Supported by Increasing Prevalence of Cancer

October 27, 2021 | Healthcare

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According to the latest report by IMARC Group, titled “Asia Pacific Biopsy Devices Market Report by Procedure Type (Surgical Biopsy, Needle Biopsy), Product (Biopsy Guidance Systems, Needle Based Biopsy Guns, Biopsy Needles, Biopsy Forceps, and Others), Application (Breast Biopsy, Lung Biopsy, Colorectal Biopsy, Prostate Biopsy, and Others), Guidance Technique (Ultrasound-guided Biopsy, Stereotactic-guided Biopsy, MRI-guided Biopsy, and Others), End User (Hospitals and Clinics, Academic and Research Institutes, and Others), and Country 2024-2032,” the Asia Pacific biopsy devices market reached a value of US$ 410.5 Million in 2023. Biopsy devices are surgical equipment utilized for extracting a piece of tissue from an organ. They aid in effectively conducting laboratory tests for diagnosing a disease, such as cancer and other inflammatory conditions. Some of the common biopsy devices include forceps, aspiration needles, and localization wires. These devices are also employed to remove a suspicious lump with the help of different imaging technologies, such as ultrasound, stereotactic-guided biopsy, magnetic resonance imaging (MRI), and computed tomography (CT) scan. As a result, they are widely utilized across various healthcare institutions and diagnostic centers.

Asia Pacific Biopsy Devices Market Trends:

One of the key factors driving the Asia Pacific biopsy devices market toward growth is the increasing prevalence of cancer, along with the rising awareness regarding the early detection and available screening procedures. In line with this, the increasing geriatric population, which is more susceptible to developing such ailments, is further escalating the demand for integrated technologies, such as stereotactic-guided biopsies. Additionally, rapid technological advancements, such as the development of vacuum-assisted guns and smart biopsy systems that can distinguish healthy cells from tumorous ones, are supporting the market growth. The introduction of minimally invasive (MI) biopsy procedures to eliminate the need for surgery and damage caused by radiation is acting as another growth-inducing factor. Furthermore, the improving healthcare infrastructure and an increasing number of cancer awareness campaigns are catalyzing the market growth across the region. Looking forward, the market is expected to grow at a CAGR of 7.77% during 2024-2032.

Market Summary:

Based on the procedure type, the market has been bifurcated into surgical and needle biopsy.
On the basis of the product, the market has been classified into biopsy-guided systems, needle-based biopsy guns, biopsy needles, biopsy forceps, and others.
Based on the application, the market has been segmented as breast, lung, colorectal, prostate, and other biopsies.
On the basis of the guidance technique, the market has been divided into ultrasound-guided, stereotactic-guided, MRI-guided biopsy, and others.
Based on the end user, the market has been segregated into hospitals and clinics, academic and research institutes, and others.
On the geographic front, the market is mainly concentrated into China, Japan, India, South Korea, Australia, Indonesia, and others.
The report has analyzed the competitive landscape of the market, along with the profiles of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Procedure Type, Product, Application, Guidance Technique, End User, Country
Countries Covered	China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Asia Pacific Biopsy Devices Market to Grow at 7.77% During 2024-2032, Supported by Increasing Prevalence of Cancer

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