Global Needle Biopsy Market is Projected to Register a Healthy CAGR of 5.31%

Posted by sahil on January 7th, 2020

Needle Biopsy Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of needle biopsy market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Global Needle Biopsy Market is expected to rise from its initial estimated value of USD 502.19 million to an estimated value of USD 759.67 million by 2026, registering a CAGR of 5.31% in the forecast period of 2019-2026. Increasing cases of chronic disease is the major factor for the growth of this market.

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Needle biopsy is a process which is used to collect the sample of cells from the body. Fine needle biopsy and core needle biopsy are two types of the common needle biopsy. They are usually used to take samples from bones, muscle and other part of the body. Needle biopsy is usually done to detect symptoms like inflammation, mass or lump, and an infection. Sometimes, computerized tomography or ultrasound is also done with needle biopsy for more accurate results. Increasing cases of chronic disease worldwide is the major factor fueling the growth of this market.

Segmentation: Global Needle Biopsy Market

• By Type (Fine- Needle Aspiration Biopsy, Core Needle Biopsy, Vaccum- Assisted Biopsy, Image- Guided Biopsy)
• By Utility (Disposable, Reusable)
• By Applications (Tumor, Infection, Inflammation, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Key Market Competitors: Global Needle Biopsy Market

Few of the major competitors currently working in the global needle biopsy market are, Boston Scientific Corporation, Hologic, Inc., Messe Düsseldorf GmbH, Cardinal Health., BD., Leica Biosystems Nussloch GmbH, Möller Medical GmbH, HAKKO CO.,LTD., ARGON MEDICAL, COMPASS International Innovations, Inc., Messe Düsseldorf GmbH, Kompass, Leica Biosystems Nussloch GmbH.

Market Drivers:

• Rising cases of breast and lung cancer is driving the growth of this market
• Technological advancement and development is another factor driving the growth of this market

Market Restraints:

• High price of the needle biopsy is restraining the growth of this market
• Lack of skilled and trained professional is another factor restraining the market growth

Reasons to Purchase this Report

• Current and future of global needle biopsy market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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