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(Medical-NewsWire.com, September 25, 2017 ) The Asia-Pacific Biopsy Devices Market was worth $279 million in 2016 and estimated to be growing at a CAGR of 8.54%, to reach $420.29 million by 2021. Asia pacific is estimated to represent strong potential market growth in the biopsy devices market due to fast technological advancements.
Biopsy involves removal of cells or tissues from tumours located in different parts of the body and the devices used for this process are called biopsy devices. The market is regarded as by rapid innovation and technological developments, leading to continuous product improvement ensuring better patient comfort and minor trauma during and after surgery.
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The market is anticipated to record growth largely because of the quickly aging population and a parallel increase in the incidence of cancer. Competitive pricing of products and reimbursement for biopsy procedures will lead to a higher uptake of biopsy devices, thereby driving growth of the market. High cost of biopsy devices is likely to hamper the growth of the market.
The Asia-Pacific biopsy device market is segmented on the basis of product into instruments and consumables. Instruments segment is further segregated into manual, automated and semi-automated. Consumables segment is sub-segmented into reagents and kits. On the basis of type the market is bifurcated into needle biopsy and surgical biopsy. Needle biopsy segmented is further segmented into core needle biopsy, fine needle biopsy and vacuum-assisted biopsy. Surgical biopsy segment is divided among Incisional biopsy and Excisional biopsy. Based on application the market is segregated into scientific research, medical diagnosis, agricultural applications and genetic fingerprinting & sex determination. By End User, the market is divided into pharmaceutical and biology industry, academic research institute, contract research organizations and forensic labs.
Based on geography the market is analysed under various countries namely, China, Japan, South Korea, India and Australia. China is dominating the market and India is estimated to grow at highest CAGR in the forecast period due to rising aging population.
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The key companies dominating the biopsy devices market are Medtronic, Leica Biosystems, Hologic Inc., Boston Scientific Corporation, Becton, Cook Medical Inc., C.R. Bard Inc., Mauna Kea Technologies, Ethicon EndoSurgery Inc., Veran Medical Technologies, Dickinson and Company, Fujifilm Medical Systems, MDxHealth, Argon Medical Devices Inc and Intact Medical Corp.
Market Segmentation
1) Product
Introduction
Instruments
o Manual
o Automated
o Semi-Automated
Consumables
o Reagents
o Kits
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
2) Type
Introduction
Needle Biopsy
o Core Needle Biopsy
o Fine Needle Biopsy
o Vacuum-Assisted Biopsy
Surgical Biopsy
o Incisional Biopsy
o Excisional Biopsy
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
3) Application
Introduction
Scientific Research
Medical Diagnosis
Agricultural Applications
Genetic fingerprinting & Sex Determination
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
4) End Users
Introduction
Pharmaceutical and Biotechnology Industry
Academic Research Institute
Contract Research Organizations
Forensic Labs
Y-o-Y Growth Analysis, By End Users
Market Attractiveness Analysis, By End Users
Market Share Analysis, By End Users
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Reasons to buy Asia-Pacific Biopsy Devices Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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