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(Medical-NewsWire.com, November 11, 2017 ) According to the report Breast Biopsy Market, published by Market Data Forecast, the Global market is projected to reach USD 807.4 million by 2022, at a CAGR of 10.8% from 2017 to 2022
Breast Biopsy is the final test required to confirm the presence of cancerous tumor in the case of breast cancer. A tissue or fluid is taken from the area where the tumor is believed to be present. The sample is then examined by conducting several tests to determine whether the tissue is cancerous or not. Almost 80% of the women who undergo biopsy are not diagnosed with breast cancer.
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Breast Biopsy Market: Drivers & Restraints
Growing awareness regarding the breast cancer through government campaigns and increasing prevalence of breast cancer in adult women are the major factors driving the market growth. Technological advancements, increased risk of hereditary cancer and minimally invasive devices for performing biopsy are expected to propel the market growth.
However, improper guidelines regarding the regulations on devices and high cost of the procedures are hindering the market growth.
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Breast Biopsy Market: Segmentation
• Biopsy needles
• Guidance systems
• Biopsy tables
• Localization wires
• Needle breast biopsy
o Core needle biopsy
o Fine needle aspiration biopsy
o Vacuum assisted biopsy
• Open surgical breast biopsy
o Excisional breast biopsy
o Incisional breast biopsy
• Mammography-Guided Stereotactic Breast Biopsy
• Ultrasound-Guided Breast Biopsy
• MRI-Guided Breast Biopsy
• Other Guidance Techniques
• North America
o United States
• Asia Pacific
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
o Middle East
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Breast Biopsy Market: Overview
Based on product, Biopsy needles hold the largest market share. It is because they are the most commonly used instruments to perform a biopsy. Based on type of biopsy, needle breast biopsy is the largest market segment. It is correlated with the biopsy needles market. Fine needle aspiration biopsy is the most commonly used type of biopsy. Based on guidance, mammography-guided stereotactic breast biopsy is the most efficient guiding technique available in the market.
North America leads the breast biopsy market. North America has the
highest percentage of women diagnosed with breast cancer and hence it increases the demand for breast biopsy devices. Asia Pacific is the fastest growing market segment due to its huge population base. Majority of its adult female population has never been tested for breast cancer and due to the increasing awareness among people, the market growth looks promising.
Breast Biopsy Market: Key Players
Major players in the Breast Biopsy market are Hologic Inc., Leica Biosystems Nussloch GmbH (Devicor Medical Products, Inc.), C. R. Bard, Inc., Becton and Dickinson Company, Argon Medical Devices, Cook Medical Incorporated, Encapsule medical Devices LLC., Ethicon Endo Surgery (Johnson & Johnson), Intact Medical Corporation, and Galini SRL.
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