Latest News- Breast Biopsy Devices Market: Biopsy needles and systems is expected to lead the Product segment during 2024-2028

The Breast Biopsy Devices Market is being driven by Growing prevalence of breast cancer cases

The Breast Biopsy Devices Market is expected to grow at a CAGR of 10.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 778.7 million. The increasing trend towards minimally invasive procedures for breast cancer screening has fueled the demand for advanced breast biopsy devices. Businesses in this sector are responding by investing in technologically superior solutions, such as robotic platforms, surgical navigation systems, and artificial intelligence. These innovations aim to enhance the accuracy and efficiency of surgical procedures, reducing complications and human error. Traditional methods, including hand-held needles and imaging-guidance systems, can lead to inaccurate results due to human error. Notably, researchers at the University of Twente (Netherlands) have developed the MRI-safe Sunram 5, a robotic system for breast biopsy, which is set to revolutionize the industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Biopsy needles and systems
  • Biopsy image-guided systems
  • Others
• End-user
  • Hospitals
  • ASCs
  • Breast cancer specialty centers and clinics
  • Others
• Modality
  • Stereotactic x-ray guided breast biopsy
  • Ultrasound-guided breast biopsy
  • MRI-guided breast biopsy
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • France
  • Asia
    • China
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing prevalence of breast cancer cases
• Increasing number of products showcasing and approvals
• Increasing number of M and As

However, the market also witnesses some limitations, which are as follows:

• High cost of breast biopsy
• Presence of alternative non-invasive procedures
• Complications associated with breast biopsy and lack of trained professionals

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Market Scope in Breast Biopsy Devices Market Research Report

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Research Analysis Overview

In the realm of breast cancer diagnostics, the Breast Biopsy Devices Market encompasses a range of tools used for obtaining biopsy samples during breast cancer screening. With the increasing incidence of breast cancer and subsequent deaths caused by invasive and premalignant breast conditions, there is a growing demand for advanced biopsy devices. These include needle breast biopsies and surgical breast biopsies, as well as emerging liquid breast biopsy technologies. Reimbursements, therapy selection, treatment monitoring, and recurrence monitoring are key factors driving market growth. The market caters to various end-users such as surgical centers, hospitals, research laboratories, pharmaceutical and biotechnology companies, and laboratory supplies providers. Early cancer diagnosis and improved treatment accessibility are primary benefits of these devices.

Market Research Overview

In the healthcare sector, Technavio identifies the Breast Biopsy Devices Market as a significant segment within the expansive Global Healthcare Equipment Market. This market encompasses entities involved in the research and development (R&D) of various diagnostic tools and devices, primarily focusing on capital equipment, instruments, implants, accessories, and consumables utilized for breast cancer screening and treatment. The global healthcare equipment market's size is determined by the collective revenue generated by manufacturers of diagnostic equipment and devices spanning diverse therapy areas. The healthcare equipment industry is segmented into Devices, which includes advanced, differentiated, and clinically tested data-driven devices used for breast cancer diagnosis, monitoring, and treatment. The Breast Biopsy Devices Market holds significance due to the increasing incidence of breast cancer, resulting in a substantial number of deaths caused by invasive breast cancers and premalignant breast conditions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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