Global Biopsy Devices Market 2016-2020
A biopsy is a medical procedure through which a part or full tissue is removed from an organ to examine the presence or extent of a disease. Biopsies are mostly performed in in the critical areas of the body such as the liver, lungs, prostate, and kidney using a wide range of devices.
Technavio’s analysts forecast the global biopsy devices market to grow at a CAGR of: 6.41% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biopsy devices market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the key vendors in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biopsy Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the global biopsy devices market: BD, C.R. Bard, Cook, and Devicor Medical Products.
Other Prominent Vendors in the market are: Argon Medical Devices, Boston Scientific, Cardinal Health, DTR Medical, FUJIFILM, Gallini, Heart Medical Europe, Hologic, Intact Medical, Ethicon US, Mauna Kea Technologies, MDNA Life Sciences, MDxHealth, Sanarus, and Veran Medical Technologies.
Commenting on the report, an analyst from Technavio’s team said: “Medical tourism initiatives related to cancer involve its diagnosis through several methods such as biopsies and treatments like radiology and chemotherapy, depending the stage of cancer. Some of the countries that are popular for medical tourism initiatives include Costa Rica, Mexico, Singapore, India, Taiwan, Israel, Malaysia, South Korea, Thailand, and Turkey. These countries offer cost-effective treatments for cancer and other chronic diseases. A significant change in the number of people traveling to different countries is a trend that will boost the growth of the biopsy devices market. This trend will be high in APAC, which has the highest number of countries with medical tourism initiatives.”
According to the report, rise in geriatric population will be a key driver for market growth. A rising concern worldwide is the increase in elderly population in the major countries such as Japan, South Korea, China, Germany, and the US. This has increased the chances of people getting affected by chronic diseases such as cancer due to a gradual decline in the immune system, which is responsible for preventing diseases in the body.
Further, the report states that complications in biopsy procedures will be a challenge for the market. In several reported cases, biopsies have been known to cause significant complications among patients, including bleeding (in some cases blood transfusion or surgery is required based on the severity), infection, and pain. In addition, faulty execution of biopsies can cause damage to nearby tissues or organs, as well as skin numbness around the biopsy site.
BD, C.R. Bard, Cook, Devicor Medical Products, Argon Medical Devices, Boston Scientific, Cardinal Health, DTR Medical, FUJIFILM, Gallini, Heart Medical Europe, Hologic, Intact Medical, Ethicon US, Mauna Kea Technologies, MDNA Life Sciences, MDxHealth, Sanarus, Veran Medical Technologies.