Market Overview:
The Global Core Biopsy Devices Market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing incidence of cancer, technological advancements in core biopsy devices, and rising demand for minimally invasive procedures. Based on type, the global core biopsy devices market is segmented into vacuum-assisted biopsy devices and image-guided single-cylinder excision alternatives. The vacuum-assisted biopsy devices segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as less tissue damage and reduced surgical time as compared with other types of core biopsy devices. Based on application, the global core biopsy devices market is segmented into hospitals, clinics, and others (including research institutes and academic medical centers).
Product Definition:
Core biopsy devices are used to extract a tissue sample from the body for further examination. This type of biopsy is often used to diagnose cancer, as it can provide a more accurate diagnosis than other methods such as a needle biopsy. The extracted tissue can also be used for further analysis in a lab to determine the extent of cancerous cells and help plan treatment.
Vacuum-assisted Biopsy Devices:
Vacuum-assisted biopsy devices are used to remove a small sample of tissue from the body for diagnostic or therapeutic purposes. It is an outpatient procedure and involves using suction to collect cells from the site of interest. The vacuum-assist device consists of a hollow tube with attached microtomes that cuts out a small piece of tissues, which is then removed for further analysis under the microscope.
Image-guided Single-cylinder Excision Alternatives:
The Image-guided Single-cylinder Excision Alternatives market is a group of image-guided single-cylinder excision alternatives that are used in core biopsy devices. The alternative surgical procedures for removing lesions or cancer from the body are growing in popularity and demand globally. One such procedure that has gained immense popularity is the core biopsy, which involves taking a small sample of tissue from the tumor for testing under a microscope to determine if it is cancerous or not.
Application Insights:
Based on application, the market is segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing prevalence of cancer and rising demand for core biopsy devices across hospitals globally. In addition, a rise in number of government-sponsored campaigns against cancer such as Fight Against Cancer by CDC (U.S.) and Canada¢â‚¬â„¢s fight against cancer plan are further driving the need for these devices across hospitals worldwide.
The other application segment includes clinics or outpatient departments (OPDs) that perform diagnostic procedures using core biopsy devices owing to their ease of use compared to conventional imaging modalities such as x-rays or ultrasound machines.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for technologically advanced products, and government support for core biopsy procedures. For instance, in February 2018, UAB Comprehensive Cancer Centre introduced new technologies including single-use CoreBiopsy systems by Ligand Imaging Technology (LTT) that are performed using minimally invasive ultrasound technology. These factors are expected to continue driving regional growth over the forecast period as well.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing prevalence of cancer coupled with growing awareness about diagnostic procedures among people affected with cancer and their families & friends resulting in an increased demand for core biopsy devices used across this region thereby boosting overall revenue share in 2030 The key players operating in this region include MedCom Biopsies Pvt Ltd., India; Nova Surgical Corporation; Stryker Canada Inc.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for the core biopsy devices market. According to the World Health Organization (WHO), in 2012, there were 14 million new cases of cancer and 8.2 million deaths due to cancer worldwide. This number is expected to increase to 21 million new cases and 13 million deaths by 2030. This will create a large demand for core biopsy devices as they are used for diagnosing various types of cancers.
- Technological advancements: The technological advancements in core biopsy devices are another major growth driver for this market. These advancements have led to the development of novel technologies such as image-guided systems, which help in accurate diagnosis of tumors and other lesions through real-time images obtained from ultrasound or magnetic resonance imaging (MRI) scans.
- Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures is another key factor driving the growth of the core biopsy devices market . Minimally invasive procedures offer several advantages over traditional open surgeries, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times . As a result, there has been a growing trend towards using minimally invasive techniques even in complex surgeries such as tumor removal surgery . Core biopsy devices are ideally suited for use in these types of surgeries owing to their small size and portability .
Scope Of The Report
Report Attributes
Report Details
Report Title
Core Biopsy Devices Market Research Report
By Type
Vacuum-assisted Biopsy Devices, Image-guided Single-cylinder Excision Alternatives
By Application
Hospital, Clinic, Others
By Companies
Medtronic, BD, INRAD, Argon Medical Devices, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Core Biopsy Devices Market Report Segments:
The global Core Biopsy Devices market is segmented on the basis of:
Types
Vacuum-assisted Biopsy Devices, Image-guided Single-cylinder Excision Alternatives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- BD
- INRAD
- Argon Medical Devices
- Boston Scientific
Highlights of The Core Biopsy Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vacuum-assisted Biopsy Devices
- Image-guided Single-cylinder Excision Alternatives
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Core Biopsy Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Core biopsy devices are medical instruments that are inserted into the body through a small incision to collect cells and tissue for analysis. Core biopsy devices can be used to diagnose various diseases, including cancer.
Some of the key players operating in the core biopsy devices market are Medtronic, BD, INRAD, Argon Medical Devices, Boston Scientific.
The core biopsy devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Core Biopsy Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Core Biopsy Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Core Biopsy Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Core Biopsy Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Core Biopsy Devices Market Size & Forecast, 2018-2028
4.5.1 Core Biopsy Devices Market Size and Y-o-Y Growth
4.5.2 Core Biopsy Devices Market Absolute $ Opportunity
Chapter 5 Global Core Biopsy Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Core Biopsy Devices Market Size Forecast by Type
5.2.1 Vacuum-assisted Biopsy Devices
5.2.2 Image-guided Single-cylinder Excision Alternatives
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Core Biopsy Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Core Biopsy Devices Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Core Biopsy Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Core Biopsy Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Core Biopsy Devices Analysis and Forecast
9.1 Introduction
9.2 North America Core Biopsy Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Core Biopsy Devices Market Size Forecast by Type
9.6.1 Vacuum-assisted Biopsy Devices
9.6.2 Image-guided Single-cylinder Excision Alternatives
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Core Biopsy Devices Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Core Biopsy Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Core Biopsy Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Core Biopsy Devices Market Size Forecast by Type
10.6.1 Vacuum-assisted Biopsy Devices
10.6.2 Image-guided Single-cylinder Excision Alternatives
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Core Biopsy Devices Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Core Biopsy Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Core Biopsy Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Core Biopsy Devices Market Size Forecast by Type
11.6.1 Vacuum-assisted Biopsy Devices
11.6.2 Image-guided Single-cylinder Excision Alternatives
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Core Biopsy Devices Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Core Biopsy Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Core Biopsy Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Core Biopsy Devices Market Size Forecast by Type
12.6.1 Vacuum-assisted Biopsy Devices
12.6.2 Image-guided Single-cylinder Excision Alternatives
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Core Biopsy Devices Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Core Biopsy Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Core Biopsy Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Core Biopsy Devices Market Size Forecast by Type
13.6.1 Vacuum-assisted Biopsy Devices
13.6.2 Image-guided Single-cylinder Excision Alternatives
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Core Biopsy Devices Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Core Biopsy Devices Market: Competitive Dashboard
14.2 Global Core Biopsy Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 BD
14.3.3 INRAD
14.3.4 Argon Medical Devices
14.3.5 Boston Scientific
