Description
The global market for biopsy devices was estimated to be worth USD 1,600 million in 2014 and is expected to reach USD 2,414 million by 2020 , growing at a CAGR of 7.1 % during the forecast period from 2014 to 2021 . A biopsy is a medical test performed on a tissue or cell to examine , determine and remove the affected tissue from the body . If a patient is suspected to have cancer , a biopsy is used to extract tissue samples for diagnosis and determination of cancer . The procedure is performed by interventional radiologists to detect cancer and the end-users of this market are hospitals , diagnostic centers , and other medical clinics .
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Global Biopsy Devices Market- Market Dynamics The biopsy devices market has great potential . The report details several driving and restraining factors for the global biopsy devices market . Some of them are listed below .
Drivers High incidence of cancer Increasing public awareness about chronic diseases Growing geriatric population Increasing demand for minimally invasive procedures Need for disease screenings for their early diagnosis and treatment
Restraints High price of technologically advanced devices Stringent regulations Reimbursement issues
The market for biopsy devices is segmented based on the product type , which includes biopsy needles ( disposable and reusable ), biopsy guidance systems ( manual and robotic ), needle-based biopsy guns ( vacuum assisted biopsy devices , core needle biopsy devices and fine needle aspiration devices ), biopsy forceps ( cold forceps and hot forceps ), and others such as biopsy punches , brushes , and curettes .
Based on geography , the global market is segmented into North America , Europe , Asia-Pacific , and Rest of the World . North America dominates the worldwide market for biopsy devices , followed by Europe , owing to research and development activities and innovative technologies . APAC is expected to develop at a greater pace due to increasing incidences of cancer , aging population , technological advancements and increasing per capita income .
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