The biopsy devices market is anticipated to reach US$ 3,584.20 million by 2027 from US$ 2,230.86 million in 2019. The market is projected to grow at a CAGR of 6.2% from 2020 to 2027.
A biopsy is a medical examination generally implemented by surgeons, interventional radiologists, or interventional cardiologists to extract sample cells or tissues; these examinations assist in the identification and determination of disease conditions. The tissue is generally observed under a microscope by pathologists and can also be examined chemically. Biopsies are most commonly performed to identify cancerous and inflammatory conditions.
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Market Insights
Increasing Cancer Rates
Biopsy refers to a diagnostic test that helps identify various types of cancer and non-cancerous abnormalities in the human body. The increasing prevalence of cancer among population is likely to augment the growth of the biopsy devices market across the world. For instance, in Canada, cancer is the leading cause of death among population, and it is witnessed to be a second-leading cause after heart diseases in the US. As per the American Cancer Society, ~1.9 million new cancer cases and 693,000 cancer deaths were recorded in 2018. Prostate cancers are the most commonly diagnosed cancers among males in North America; however, breast cancers remain leading in females. Additionally, lung cancer remains the most common cause of death in both sexes. It is estimated that the number of new cases of cancer incidence is 439.2 per 100,000 men and women per year.
According to the National Health Profile, the cases of common cancers, including cervical, oral, and breast cancers, have increased by 324% in India from 2017 to 2018. Additionally, the total number of patients visiting Non-Communicable Diseases (NCD) clinics has doubled between 2017 and 2018, which is recorded to be 35 million and 66 million, respectively. Rapid change in lifestyle and consumption of alcohol and tobacco products is among the prominent factors increasing the incidences of cancer among the population.
BD, Qiagen, F.Hoffmann La-Roche Ltd., Hologic, and Boston Scientific Corporation are among the major companies manufacturing biopsy devices and accessories to diagnose cancer and other diseases. Therefore, the increasing prevalence of cancer across the world is expected to drive the growth of the global biopsy devices market during the forecast period.
Product-Based Market Insights
The biopsy devices market is segmented on the basis of product into needle-based biopsy, procedure trays, localization wires, and others. In 2019, the needle-based biopsy segment accounted for the largest share of the global biopsy devices market. The growth of the market for this segment is attributed to increasing adoption of needle based-biopsy procedures due to their high accuracy, with minimal injury. Furthermore, the segment is also likely to witness the fastest CAGR in the market during the forecast years.
Global Biopsy Devices Market, by Product – 2019 and 2027
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Technology-Based Market Insights
Based on technology, the global biopsy devices market is segmented into CT-scan, ultrasound-guided biopsy, stereotactic biopsy, MRI, and others. In 2019, the ultrasound-guided biopsy segment held the largest share of the market. However, the CT-scan segment is anticipated to register a significant CAGR during the forecast period.
Application-Based Market Insights
The global biopsy devices market, based on application, is segmented into lung biopsy, kidney biopsy, liver biopsy, breast biopsy, and others. In 2019, the breast biopsy segment held the largest share of the market, and it is also expected to register the highest CAGR during 2020–2027.
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Biopsy Devices Market: Strategic Insights
Market Size Value in US$ 2,230.86 Million in 2019 Market Size Value by US$ 3,584.20 Million by 2027 Growth rate CAGR of 6.2% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Biopsy Devices Market: Strategic Insights
| Market Size Value in | US$ 2,230.86 Million in 2019 |
| Market Size Value by | US$ 3,584.20 Million by 2027 |
| Growth rate | CAGR of 6.2% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Partnerships, product launches, and acquisitions are the most commonly adopted strategies by companies to expand their footprints worldwide and meet the growing demand by broadening their product portfolios. For instance, in December 2017, BD, a leading provider of medical technology, acquired C. R. Bard, Inc. This acquisition has created a new healthcare industry leader in the global market. Bard, with its strong product portfolio and innovation pipeline, has increased the scope for opportunities in fast-growing medical devices business in the global markets.
Global Biopsy Devices Market – By Product
- Needle-Based Biopsy
- Core Biopsy Devices
- Aspiration Biopsy Needles
- Vacuum-Assisted Biopsy (VAB) Devices
- Localization Wires
- Procedure Trays
- Others
Global Biopsy Devices Market – By Technology
- CT-Scan
- Ultrasound-Guided Biopsy
- Stereotactic-Guided Biopsy
- MRI-Guided Biopsy
- Others
Global Biopsy Devices Market – By Application
- Lung Biopsy
- Kidney Biopsy
- Liver Biopsy
- Breast Biopsy
- Others
Biopsy Devices Market – By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Sweden
- Denmark
- Norway
- Asia Pacific
- China
- India
- South Korea
- Japan
- Australia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- South and Central America
- Brazil
- Argentina
Company Profiles
- BD
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Cook Medical LLC
- Danaher
- Fujifilm Corporation
- Hologic, Inc.
- Medtronic
- Argon Medical Devices
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Technology ; Application ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
A biopsy is a medical examination generally implemented by a surgeon, interventional radiologist, or an interventional cardiologist to extract sample cells or tissues and helps in identification, existence of a disease. The tissue is generally observed under a microscope by a pathologist, and can also be examined chemically. Biopsies are most commonly performed to identify cancerous and inflammatory conditions.
The biopsy devices market is anticipated to grow with a significant rate in the coming years, owing to factors such as rising patient awareness on cancer and the improvement in biopsy procedures. Increasing incidences of cancer such as breast, prostate, & lung, and rapid technological advancements, initiatives to spread awareness about cancer are expected to offer growth opportunities for the players operating in the market.
North America is the largest market for the biopsy devices market. The factors that are responsible for the dominance of the region include rising government support through the for cancer care in the US and Canada, rising incidence of cancer patients leading to increased demand in kits and products used for testing and diagnosis, increasing awareness among general populace regarding advantages of early testing of diseases and consistent development and launch of novel biopsy products in the market through advanced and extensive research and development. The biopsy devices market in the US is expected to be the largest in the North American region. The growth of the market in the country is attributed to the active participation and support of the government towards the cancer care. Besides this, the increase in the number of cancer population and the technological developments in biopsy devices are likely to help in the growth of the market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Biopsy Devices Market – By Product
1.3.2 Biopsy Devices Market – By Technology
1.3.3 Biopsy Devices Market – By Application
1.3.4 Biopsy Devices Market – By Geography
2. Biopsy Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biopsy Devices Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South and Central America – PEST Analysis
4.3 Expert Opinions
4.4 Reimbursement Scenario
5. Global Biopsy Devices Market – Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Cancer Rates
5.1.2 Government Support and Initiatives
5.2 Market Restraints
5.2.1 Limitations Associated with Biopsy
5.3 Market Opportunities
5.3.1 Increasing Awareness Regarding Early Disease Detection
5.4 Future Trends
5.4.1 Consistent Improvement in Product Designs
5.5 Impact Analysis of Drivers and Restraints
6. Biopsy Devices Market – Global Analysis
6.1 Global Biopsy Devices Market - Overview
6.2 Global Biopsy Devices Market – Revenue Forecasts and Analysis
6.3 Global Biopsy Devices Market, By Geography - Forecast And Analysis
6.4 Market Positioning of Key Players
7. Biopsy Devices Market Analysis– by Product
7.1 Overview
7.2 Biopsy Devices Market, By Product, 2019 & 2027 (%)
7.2.1 Biopsy Devices Market Revenue and Forecasts to 2027, By Product (US$ Million)
7.2.2 Needle-Based Biopsy Market Revenue and Forecasts to 2027, By Type (US$ Million)
7.3 Needle-Based Biopsy
7.3.1 Overview
7.3.2 Needle-Based Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
7.3.3 Core Biopsy Devices
7.3.3.1 Overview
7.3.3.2 Core Biopsy Devices Market Revenue and Forecasts to 2027 (US$ Million)
7.3.4 Aspiration Biopsy Needles
7.3.4.1 Overview
7.3.4.2 Aspiration Biopsy Needles Market Revenue and Forecasts to 2027 (US$ Million)
7.3.5 Vacuum Assisted Biopsy (VAB) Devices
7.3.5.1 Overview
7.3.5.2 Vacuum Assisted Biopsy (VAB) Devices Market Revenue and Forecasts to 2027 (US$ Million)
7.4 Localization Wires
7.4.1 Overview
7.4.2 Localization Wires Market Revenue and Forecasts to 2027 (US$ Million)
7.5 Procedure Trays
7.5.1 Overview
7.5.2 Procedure Trays Market Revenue and Forecasts to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecasts to 2027 (US$ Million)
8. Biopsy Devices Market Analysis– by Technology
8.1 Overview
8.2 Biopsy Devices Market, By Technology, 2019 & 2027 (%)
8.2.1 Biopsy Devices Market Revenue and Forecasts to 2027, By Technology (US$ Million)
8.3 CT Scan
8.3.1 Overview
8.3.2 CT Scan Market Revenue and Forecasts to 2027 (US$ Million)
8.4 Ultrasound Guided Biopsy
8.4.1 Overview
8.4.2 Ultrasound Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
8.5 Stereotactic Guided Biopsy
8.5.1 Overview
8.5.2 Stereotactic Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
8.6 MRI Guided Biopsy
8.6.1 Overview
8.6.2 MRI Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others Market Revenue and Forecasts to 2027 (US$ Million)
9. Biopsy Devices Market Analysis– by Application
9.1 Overview
9.2 Biopsy Devices Market, By Application, 2019 & 2027 (% Share)
9.2.1 Biopsy Devices Market Revenue and Forecasts to 2027, By Application (US$ Million)
9.3 Lung Biopsy
9.3.1 Overview
9.3.2 Lung Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
9.4 Kidney Biopsy
9.4.1 Overview
9.4.2 Kidney Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
9.5 Liver Biopsy
9.5.1 Overview
9.5.2 Liver Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
9.6 Breast Biopsy
9.6.1 Overview
9.6.2 Breast Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecasts to 2027 (US$ Million)
10. Biopsy Devices Market – Geographic Analysis
10.1 North America: Biopsy devices Market
10.1.1 Overview
10.1.2 North America: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.1.3.1 North America: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.1.4 North America: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.5 North America: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.6 North America: Biopsy devices Market, by Country, 2019 & 2027 (%)
10.1.7 US: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.1.7.2.1 US: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.1.7.3 US: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.7.4 US: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.8 Canada: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.1.8.2.1 Canada: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.1.8.3 Canada: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.8.4 Canada: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.9 Mexico: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 Mexico: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.1.9.2.1 Mexico: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.1.9.3 Mexico: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.9.4 Mexico: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2 Europe: Biopsy devices Market
10.2.1 Overview
10.2.2 Europe: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
10.2.3 Europe: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.3.1 Europe: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.4 Europe: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.5 Europe: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.6 Europe: Biopsy devices Market, by Country, 2019 & 2027 (%)
10.2.7 Germany: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.1 Germany: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.2 Germany: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.7.2.1 Germany: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.7.3 Germany: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.7.4 Germany: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.8 UK: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.1 UK: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.2 UK: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.8.2.1 UK: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.8.3 UK: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.8.4 UK: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.9 France: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.1 France: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.2 France: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.9.2.1 France: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.9.3 France: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.9.4 France: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.10 Spain: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.1 Spain: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.2 Spain: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.10.2.1 Spain: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.10.3 Spain: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.10.4 Spain: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.11 Italy: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.1 Italy: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.2 Italy: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.11.2.1 Italy: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.11.3 Italy: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.11.4 Italy: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.12 Sweden: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.12.1 Sweden: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.12.2 Sweden: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.2.12.2.1 Sweden: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.12.3 Sweden: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.12.4 Sweden: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.13 Denmark: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.13.1 Denmark: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.13.2 Denmark: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.2.13.2.1 Denmark: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.13.3 Denmark: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.13.4 Denmark: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.2.14 Norway: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.14.1 Norway: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.14.2 Norway: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.2.14.2.1 Norway: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.2.14.3 Norway: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.2.14.4 Norway: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.3 Asia-Pacific: Biopsy Devices Market
10.3.1 Overview
10.3.2 Asia-Pacific: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.3.6 Asia-Pacific: Biopsy Devices Market, by Country, 2019 & 2027 (%)
10.3.7 China: Biopsy Devices Market
10.3.7.1 China: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.3.7.2 China: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.3.7.2.1 China: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.3.7.3 China: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.3.7.4 China: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.3.8 Japan: Biopsy Devices Market
10.3.8.1 Japan: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.3.8.2 Japan: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.3.8.2.1 Japan: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.3.8.3 Japan: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.3.8.4 Japan: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.3.9 India: Biopsy Devices Market
10.3.9.1 India: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.3.9.2 India: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.3.9.2.1 India: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.3.9.3 India: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.3.9.4 India: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.3.10 South Korea: Biopsy Devices Market
10.3.10.1 South Korea: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.3.10.2 South Korea: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.3.10.2.1 South Korea: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.3.10.3 South Korea: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.3.10.4 South Korea: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.3.11 Australia: Biopsy Devices Market
10.3.11.1 Australia: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.3.11.2 Australia: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.3.11.2.1 Australia: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.3.11.3 Australia: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.3.11.4 Australia: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.4 Middle East and Africa: Biopsy Devices Market
10.4.1 Overview
10.4.2 Middle East and Africa: Biopsy Devices Market- Revenue and Forecast to 2027 (USD Million)
10.4.6 Middle East and Africa: Biopsy Devices Market, by Country, 2019 & 2027 (%)
10.4.7 Saudi Arabia: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
10.4.7.1 Saudi Arabia: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
10.4.7.2 Saudi Arabia: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.4.7.2.1 Saudi Arabia: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.4.7.3 Saudi Arabia: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.4.7.4 Saudi Arabia: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.4.8 UAE: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
10.4.8.1 UAE: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
10.4.8.2 UAE: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.4.8.2.1 UAE: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.4.8.3 UAE: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.4.8.4 UAE: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.4.9 South Africa: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
10.4.9.1 South Africa: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
10.4.9.2 South Africa: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.4.9.2.1 South Africa: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.4.9.3 South Africa: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.4.9.4 South Africa: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.5 South and Central America: Biopsy devices Market
10.5.1 Overview
10.5.2 South and Central America: Biopsy devices Market - Revenue and Forecast to 2027 (US$ Million)
10.5.3 South and Central America: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.5.3.1 South and Central America: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.5.4 South and Central America: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.5.5 South and Central America: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.5.6 South and Central America: Biopsy devices Market, by Country, 2019 & 2027 (%)
10.5.7 Brazil: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.7.1 Brazil: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.7.2 Brazil: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.5.7.2.1 Brazil: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.5.7.3 Brazil: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.5.7.4 Brazil: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.5.8 Argentina: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.8.1 Argentina: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.8.2 Argentina: Biopsy devices Market, by Product, 2018–2027 (USD Million)
10.5.8.2.1 Argentina: Needle-Based Biopsy Devices, Market, by Type, 2018–2027 (USD Million)
10.5.8.3 Argentina: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.5.8.4 Argentina: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
11. Impact of COVID-19 Pandemic on Global Biopsy Devices Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment Of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
12. Biopsy Devices Market – Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 BD
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 B. Braun Melsungen AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Boston Scientific Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Cardinal Health Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Cook Medical LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Danaher
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Fujifilm Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Hologic, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Medtronic
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Argon Medical Devices
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Healthcare Coding Systems
Table 2. Reimbursement for Stereotactic Guided Breast Biopsy
Table 3. Reimbursement for Ultrasound Guided Breast Biopsy
Table 4. Reimbursement for Ultrasound Guided Breast Biopsy
Table 5. Biopsy Devices Market Revenue And Forecasts to 2027, By Product (US$ Million)
Table 6. Needle-Based Biopsy Market Revenue And Forecasts to 2027, By Type (US$ Million)
Table 7. Biopsy Devices Market Revenue and Forecasts to 2027, By Technology (US$ Million)
Table 8. Biopsy Devices Market Revenue And Forecasts to 2027, By Application (US$ Million)
Table 9. North America Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 10. North America Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 11. North America Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 12. North America Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. Estimated Number of New Cancer Cases and Deaths, US, 2020
Table 14. US Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 15. US Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 16. US Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 17. US Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 18. Canada Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 19. Canada Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 20. Canada Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 21. Canada Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 22. Mexico Incidence, Mortality and Prevalence by cancer site in 2018
Table 23. Mexico Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 24. Mexico Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 25. Mexico Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 26. Mexico Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 27. Europe Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 28. Europe Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 29. Europe Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 30. Europe Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 31. Incidence, Mortality and Prevalence by cancer site, 2018, Germany
Table 32. Germany Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 33. Germany Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 34. Germany Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 35. Germany Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 36. UK Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 37. UK Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 38. UK Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 39. UK Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 40. Incidence, Mortality and Prevalence By Cancer Site, 2018, France
Table 41. France Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 42. France Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 43. France Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 44. France Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 45. Spain Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 46. Spain Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 47. Spain Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 48. Spain Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 49. Incidence, Mortality and Prevalence by cancer site, 2018, Italy
Table 50. Italy Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 51. Italy Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 52. Italy Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 53. Italy Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 54. Sweden Biopsy Devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 55. Sweden Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 56. Sweden Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 57. Sweden Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 58. Denmark Biopsy Devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 59. Denmark Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 60. Denmark Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 61. Denmark Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 62. Norway Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 63. Norway Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 64. Norway Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 65. Norway Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 70. China Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 71. China Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 72. China Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 73. China Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 74. Japan Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 75. Japan Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 76. Japan Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 77. Japan Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 78. India Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 79. India Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 80. India Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 81. India Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 82. South Korea Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 83. South Korea Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 84. South Korea Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 85. South Korea Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 86. Incidence, Mortality and Prevalence by cancer site, Australia, 2018
Table 87. Australia Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 88. Australia Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 89. Australia Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 90. Australia Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 95. Saudi Arabia Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 96. Saudi Arabia Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 97. Saudi Arabia Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 98. Saudi Arabia Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 99. UAE Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 100. UAE Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 101. UAE Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 102. UAE Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 103. South Africa Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 104. South Africa Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 105. South Africa Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 106. South Africa Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 107. South and Central America Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 108. South and Central America Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 109. Europe Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 110. Europe Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 111. Brazil Biopsy devices Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 112. Brazil Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 113. Brazil Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 114. Brazil Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 115. Argentina Biopsy devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 116. Argentina Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 117. Argentina Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 118. Argentina Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 119. Organic Developments Done By Companies
Table 1. Inorganic Developments Done By Companies
Table 2. Glossary of Terms, Biopsy Devices Market
LIST OF FIGURES
Figure 1. Biopsy Devices Market Segmentation
Figure 2. Biopsy Devices Market – By Geography
Figure 3. Global Biopsy Devices Market Overview
Figure 4. Needle-Based Biopsy Segment Held Largest Share of Product Segment In Biopsy Devices Market
Figure 5. Asia-Pacific Region Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Global Biopsy Devices Market, By Geography (US$ Million)
Figure 7. Global Biopsy Devices Market- Leading Country Markets (US$ Million)
Figure 8. Global Biopsy Devices Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia-Pacific PEST Analysis
Figure 12. Middle East and Africa PEST Analysis
Figure 13. South and Central America PEST Analysis
Figure 14. Biopsy Devices Market Impact Analysis of Drivers and Restraints
Figure 15. Global Biopsy Devices Market – Revenue Forecasts and Analysis – 2018- 2027
Figure 16. Global Biopsy Devices Market– By Geography Forecast and Analysis – 2019- 2027
Figure 17. Market Positioning Of Key Players In Global Biopsy Devices Market
Figure 18. Biopsy Devices Market, by Product, 2019 & 2027 (%)
Figure 19. Needle-Based Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 20. Core Biopsy Devices Market Revenue and Forecasts to 2027 (US$ Million)
Figure 21. Aspiration Biopsy Needles Market Revenue and Forecasts to 2027 (US$ Million)
Figure 22. Vacuum Assisted Biopsy (VAB) Devices Market Revenue and Forecasts to 2027 (US$ Million)
Figure 23. Localization Wires Market Revenue and Forecasts to 2027 (US$ Million)
Figure 24. Procedure Trays Market Revenue and Forecasts to 2027 (US$ Million)
Figure 25. Others Market Revenue and Forecasts to 2027 (US$ Million)
Figure 26. Biopsy Devices Market, by Technology, 2019 & 2027 (%)
Figure 27. CT Scan Market Revenue and Forecasts to 2027 (US$ Million)
Figure 28. Ultrasound Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 29. Stereotactic Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 30. MRI Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 31. Others Market Revenue and Forecasts to 2027 (US$ Million)
Figure 32. Biopsy Devices Market, by Application, 2019 & 2027 (% Share)
Figure 33. Lung Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 34. Kidney Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 35. Liver Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 36. Breast Biopsy Market Revenue and Forecasts to 2027 (US$ Million)
Figure 37. Others Market Revenue and Forecasts to 2027 (US$ Million)
Figure 38. North America: Market, by Key Country – Revenue (2019) (USD Million)
Figure 39. North America Biopsy Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 40. North America: Biopsy devices Market, by Country, 2019 & 2027 (%)
Figure 41. US: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 42. Canada: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 43. Mexico: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 44. Europe: Biopsy devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 45. Europe Biopsy devices Market Revenue and Forecast to 2027 (USD Million)
Figure 46. Europe: Biopsy devices Market, by Country, 2019 & 2027 (%)
Figure 47. Germany: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 48. UK: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 49. France: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 50. Spain: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 51. Italy: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 52. Sweden: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 53. Denmark: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 54. Norway: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 55. Asia-Pacific: Biopsy Devices Market, by Key Country – Revenue (2019) (USD Millions)
Figure 56. Asia-Pacific Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 57. Asia-Pacific: Biopsy Devices Market, by Country, 2019 & 2027 (%)
Figure 58. China Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 59. Japan Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 60. India Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 61. South Korea Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 62. Australia Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 63. Middle East and Africa: Biopsy Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 64. Middle East and Africa Biopsy Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 65. Middle East and Africa: Biopsy Devices Market, by Country, 2019 & 2027 (%)
Figure 66. Saudi Arabia: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 67. UAE: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 68. South Africa: Biopsy Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 69. South and Central America: Biopsy devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 70. South and Central America Biopsy devices Market Revenue and Forecast to 2027 (USD Million)
Figure 71. South and Central America: Biopsy devices Market, by Country, 2019 & 2027 (%)
Figure 72. Brazil: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 73. Argentina: Biopsy devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 74. Impact of COVID-19 Pandemic in North American Country Markets
Figure 75. Impact of COVID-19 Pandemic in European Country Markets
Figure 76. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
Figure 77. Impact Of COVID-19 Pandemic in Rest of the World Countries Market
Figure 78. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Biopsy Devices Market
- BD
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Cook Medical LLC
- Danaher
- Fujifilm Corporation
- Hologic, Inc.
- Medtronic
- Argon Medical Devices
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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