Core Biopsy Devices Market| Product Price, Profit, Capacity, Production, Supply, Demand and Market Growth Rate

February 06 16:39 2018

Market Research and Consulting Company
Core Biopsy Devices Market Report by Material, Application, and Geography – Global Forecast to 2021 is a professional and in-depth research report on the world’s major regional market conditions

Based on the findings of a report added to Radiant Insights, Inc.; the global core biopsy devices market is anticipated to expand at a spectacular growth rate from 2017 to 2021 (forecast period). Core biopsy devices comprise needles and guns used in diagnosis of cancer and other chronic diseases in patients. Core or incision biopsy is conducted by taking a sample of the cancerous tissue without eliminating the tumor or abnormal tissue. This procedure is essential in detecting bone marrow, breast cancer, and biopsy of other critical organs.

The report “Global Core Biopsy Devices Market Research Report 2017” is available now at https://www.radiantinsights.com/research/global-core-biopsy-devices-market-research-report-2017

The core biopsy devices market is primarily driven by high incidence of cancer demand for minimally invasive surgeries, and growing medical reimbursement schemes introduced by the U.S. Government initiatives to create awareness among consumers may work in favor of the market. The rise of medical tourism in developing economies may open up new avenues for expansion. However, product recalls on account of patient injuries can pose a challenge to market growth.

The alarming cases of breast cancer have led to the launch of various devices and instruments to aid in its rapid diagnosis. For instance, in October 2017, TransMed7, LLC received a premarket notification from the U.S. Food and Drug Administration (FDA) to launch the Speed Bird series of soft tissue biopsy devices by 2018. The availability of such devices will lead to faster diagnosis of tissue samples. In an attempt to improve the safety of these devices, companies are relying on equipment testing manufacturers to test the performance of products. Bard Limited, a U.K. company has been collaborating with McMesin since October 2017 to weed out weak products in order to comply with the latest device regulations.

The worldwide core biopsy devices market is segmented by type, application, and region. By types, the market is bifurcated into semi-automatic and full-automatic core needle biopsy devices. On the basis of application, the market is fragmented into clinics, hospitals, and others.

Regions covered in the core biopsy devices market report include Asia, Europe, and North America. The North America market is expected to dominate over the forecast period owing to rising incidence of breast cancer and favorable reimbursement scenario in the U.S. Presence of major medical device manufacturers in the region can also be credited to the steady market expansion. In addition, the development of image-guidance systems such as ultrasound sonography and magnetic resonance imaging is anticipated to create market demand. High demand for stereotactic breast biopsy procedures to pinpoint abnormal lesions is also expected to lead to development of liquid biopsy methods.

The Asia market for core biopsy devices is likely to exhibit an exceptional growth rate owing to economies such as India, China, and Japan. The rise in expendable income of patients, awareness of cancer, and campaigns by the government to create awareness are factors that can positively impact market growth. The growing geriatric populace may also be a huge deciding factor of the market.

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The Europe core biopsy devices market is anticipated immense growth during the forecast period owing to rise of cancer screening programs. The public-private partnerships between companies and local governments to provide free screening tests for women are also expected to contribute to market growth. Hologic, in agreement with Facilitaire Samenwerking Bevolkingsonderzoeken (FSB) has decided to install its latest systems in screening facilities starting in 2018 to detect breast cancer in its early stages.

Prominent players in the core biopsy devices market include Medtronic Public Limited Company; Hologic, Inc.; Becton, Dickinson and Company (BD); Cook Medical Incorporated; and Boston Scientific Corporation. Mergers, acquisitions, and development of novel products are strategies used in widening the product offerings and enlarging the consumer base.

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