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Vacuum-assisted Biopsy Devices Market Insight: Market Trends, Growth, Forecasted from 2024 TO 2031
The "Vacuum-assisted Biopsy Devices Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Vacuum-assisted Biopsy Devices market is expected to grow annually by 7.5% (CAGR 2024 - 2031).
This entire report is of 157 pages.
Vacuum-assisted Biopsy Devices Introduction and its Market Analysis
The Vacuum-assisted Biopsy Devices market research report highlights the growing demand for minimally invasive biopsy procedures to diagnose breast cancer, driving the revenue growth of the market. The market is dominated by key players like BD, Mammotome, and Hologic, who offer innovative products and solutions. The report analyzes market conditions, trends, and competitive landscape to provide insights on market dynamics and key players' strategies. The main findings of the report suggest a rising prevalence of breast cancer, technological advancements in biopsy devices, and increasing awareness among healthcare professionals. Recommendations include investing in research and development for product innovation and expanding market presence.
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The global Vacuum-assisted Biopsy Devices market is segmented based on the type of needle gauge into 9-12G, Below 9G, and Above 12G. These devices are widely used in Hospitals, Academic and Research Institutes, and Diagnostic and Imaging Centers for minimally invasive tissue sampling. Regulatory and legal factors specific to market conditions include stringent guidelines for product development, approval, and commercialization. Compliance with regulatory standards is crucial to ensure patient safety and efficacy of the devices. Ongoing advancements in technology and growing demand for early and accurate diagnosis drive the market growth. The market is highly competitive with key players focusing on product innovation and strategic collaborations to expand their presence in the industry. Increasing prevalence of cancer and other chronic diseases further propel the demand for Vacuum-assisted Biopsy Devices globally. Continuous research and development activities aimed at improving the efficiency and accuracy of these devices are expected to drive market growth in the coming years.
Top Featured Companies Dominating the Global Vacuum-assisted Biopsy Devices Market
The vacuum-assisted biopsy devices market is highly competitive with key players like BD, Mammotome, and Hologic dominating the market. These companies offer a wide range of products and services in the vacuum-assisted biopsy devices segment including biopsy needles, guidance systems, and tissue acquisition devices.
BD, a global medical technology company, offers a diverse portfolio of vacuum-assisted biopsy devices under its Bard brand. BD's products are known for their reliability and precision, making them a popular choice among healthcare professionals. The company's strong distribution network and focus on innovation have helped it maintain a leading position in the market.
Mammotome, a subsidiary of Leica Biosystems, specializes in breast biopsy devices and solutions. The company's vacuum-assisted biopsy devices are known for their accuracy and efficiency, allowing for faster and more precise tissue extraction. Mammotome's strong focus on research and development has allowed it to introduce cutting-edge technologies in the market, driving growth and innovation.
Hologic, another major player in the vacuum-assisted biopsy devices market, offers a comprehensive range of breast biopsy systems under its Affirm and Eviva brands. The company's products are recognized for their user-friendly design and advanced features, making them a preferred choice among healthcare providers. Hologic's extensive marketing initiatives and strategic partnerships have helped it expand its market reach and drive sales growth.
In terms of sales revenue, BD reported total revenue of $ billion in fiscal year 2020, while Hologic reported revenue of $3.8 billion in the same period. Mammotome's revenue figures are not publicly disclosed as it is a subsidiary of Leica Biosystems. Overall, these companies play a crucial role in driving growth and innovation in the vacuum-assisted biopsy devices market through their product offerings, distribution networks, and strategic initiatives.
- BD
- Mammotome
- Hologic
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Vacuum-assisted Biopsy Devices Market Analysis, by Type:
- 9-12G
- Below 9G
- Above 12G
Vacuum-assisted biopsy devices come in various sizes, including 9-12G, below 9G, and above 12G. These different sizes cater to the specific needs of patients and allow for more precise and accurate sampling of tissue. The availability of a wide range of sizes helps in boosting the demand for vacuum-assisted biopsy devices as they provide healthcare professionals with the flexibility to choose the most appropriate device for each patient. This, in turn, enhances the overall efficiency and effectiveness of biopsies, leading to an increased demand for these devices in the market.
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Vacuum-assisted Biopsy Devices Market Analysis, by Application:
- Hospitals
- Academic and Research Institutes
- Diagnostic and Imaging Centers
Vacuum-assisted biopsy devices are commonly used in hospitals, academic and research institutes, as well as diagnostic and imaging centers for minimally invasive tissue sampling procedures. These devices utilize suction to collect tissue samples for analysis, leading to accurate diagnoses of various medical conditions. The fastest growing application segment in terms of revenue is in diagnostic and imaging centers, as the demand for efficient and precise biopsy techniques continues to rise. By providing quick and reliable results, vacuum-assisted biopsy devices play a crucial role in improving patient care and treatment outcomes across these healthcare settings.
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Vacuum-assisted Biopsy Devices Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The vacuum-assisted biopsy devices market is expected to experience significant growth in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. North America is expected to dominate the market with a market share of about 40%, followed by Europe with a market share of 25%. Asia-Pacific is also expected to show substantial growth, with a market share of around 20%. Latin America and the Middle East & Africa regions are expected to have smaller market shares, around 10% each. Overall, the global vacuum-assisted biopsy devices market is anticipated to reach a valuation of $ billion by 2025.
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