Complete Study of Current Trends on North America Biopsy Devices Market

Posted by rohan on October 24th, 2017

The North America Biopsy Devices Market was worth 7 million in 2016 and estimated to be growing at a CAGR of 6.82%, to reach 3 million by 2021. North America holds the biggest share in the global biopsy device market due to increasing geriatric population.

Biopsy device market is a market with huge potential. The key reason is the augmented need for the use of minimally invasive devices. There is an entire range of biopsy devices accessible in the market that can ease the process of cancer diagnosis.

The market drivers for the biopsy device are the augmented population awareness and increased cancer population, increased demand for screening tests and entry of emerging markets. Rising occurrence of several forms of cancer and a significant presence of unmet market demand for efficient and accurate cancer diagnostic procedures, especially in resource limited settings such as in emerging economies are expected to support future growth of the industry. The market limitations are mainly focused on equipment costs.

The North America biopsy devices 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.

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Based on geography the market is analysed under various countries namely, USA and Canada. USA is leading the biopsy devices market followed by Canada.

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.

The North America Biopsy Devices Market study offers the following deliverables:

• 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 Porter’s 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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