Global Aspiration And Biopsy Needles Market Size By Product Type, By Application, By End-User, By Geographic Scope And Forecast

Report ID: 375499|No. of Pages: 202

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Global Aspiration And Biopsy Needles Market Size By Product Type, By Application, By End-User, By Geographic Scope And Forecast

Report ID: 375499|Published Date: Jan 2024|No. of Pages: 202|Base Year for Estimate: 2023|Format:   Report available in PDF formatReport available in Excel Format

Aspiration And Biopsy Needles Market Size And Forecast

Aspiration And Biopsy Needles Market size was valued at USD 777.29 Million in 2023 and is projected to reach USD 1176.50 Million by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030.

Aspiration And Biopsy Needles Market is estimated to grow at a CAGR of 6.1% & reach US$ 1176.50 Mn by the end of 2030

Global Aspiration And Biopsy Needles Market Drivers

Growth and acceptance in the “Aspiration And Biopsy Needles Market” are fueled by a number of reasons that raise the need for these medical devices. The following are some typical market forces influencing aspiration and biopsy needles:

  • Rising Rate of Cancer Incidence: Needle demand for aspiration and biopsy is driven by the increasing incidence of cancer, including lung, breast, prostate, and other forms of cancer. These tools are essential for accurately and promptly identifying cancer and staging it.
  • Increasingly Elderly Population: The aging population on a worldwide scale is more vulnerable to cancer and other illnesses. Needles for aspiration and biopsy are essential for identifying anomalies and cancers in the senior population, which fuels market expansion.
  • Technological Developments in Diagnostics: The need for precise biopsy techniques is growing as a result of ongoing developments in imaging and diagnostic technologies including MRIs, CT scans, and ultrasounds. Needles for aspiration and biopsy are necessary equipment to collect tissue samples for diagnostic analysis.
  • Increasing Knowledge and Launching Early Detection Programs: Aspiration and biopsy procedures are in greater demand due to growing awareness of the significance of early cancer detection and screening programs. These needles are essential for prompt diagnosis and treatment.
  • Procedures With Minimal Invasiveness: Because they cause less pain for patients, require shorter recovery periods, and are more affordable, minimally invasive procedures are becoming more and more popular. The use of aspiration and biopsy needles speeds up the adoption of minimally invasive biopsy techniques.
  • Technological Developments in the Design of Needles: The precision of biopsy procedures is increased by ongoing developments in needle design, such as the creation of thinner and more accurate needles. The overall safety and effectiveness of the aspiration and biopsy procedures are improved by technologically sophisticated needles.
  • A heightened emphasis on precision medicine: Accurate and precise diagnostic data are more important as precision medicine—which customizes therapies based on unique patient characteristics—becomes more prevalent. Needles for aspiration and biopsy offer the tissue samples required for individualized treatment plans.
  • Growing Requirement for Outpatient Operations: The need for effective and timely diagnostic techniques is growing due to the trend toward outpatient care and same-day procedures. Procedures like aspiration and biopsy, which are frequently carried out in outpatient settings, bolster this tendency.
  • Growth in Clinical Trials and Biopsy-Based Research: Biopsy techniques are essential for harvesting tissue samples for investigations and clinical trials aimed at comprehending illnesses and creating specialized treatments. This raises the requirement for biopsy and aspiration needles.
  • Improved Healthcare Service Access: A greater number of biopsy operations is a result of advancements in the medical infrastructure and easier access to healthcare institutions. Needles for aspiration and biopsy are necessary equipment in hospitals and diagnostic centers.
  • The frequency of long-term illnesses: Biologic procedures may be necessary for the accurate diagnosis and ongoing monitoring of chronic disorders, including kidney and liver ailments. In these situations, aspiration and biopsy needles are essential for acquiring tissue samples for diagnostic analysis.

Global Aspiration And Biopsy Needles Market Restraints

Although the “Aspiration And Biopsy Needles Market” shows signs of expansion, there are several obstacles and limitations that could hinder its progress. The following are some typical market limitations for biopsy and aspiration needles:

  • Hazard of Adverse Events and Complications: There is a chance of consequences while using aspiration and biopsy needles, such as bleeding, infection, and organ perforation. Their adoption may be constrained by worries about unfavorable outcomes.
  • Inaccurate in Certain Situations: Even with these advances, there may still be limitations to the accuracy of needle-based biopsy methods, especially when the target tissue is difficult to reach or the lesions are small. Diagnostic reliability may be impacted by low precision.
  • Anxiety and discomfort in the patient: Patients may experience pain and anxiety during biopsies. Individual reluctance to undergo biopsy may be caused by fear of discomfort and worry about the outcome, which could have an impact on the market as a whole.
  • The nature of biopsies is invasive: Even in the case of minimally invasive biopsies, skin and tissues must be penetrated. Some patients and healthcare practitioners may be discouraged by these procedures due to their intrusive nature.
  • Technical Difficulties in Biopsies Assisted by Images: Image-guided biopsies, such those made using CT or ultrasound images, might provide technical obstacles, like trouble precisely positioning the needle. The effectiveness and dependability of biopsy techniques might be impacted by technical difficulties.
  • Regulatory Acceptance and Adherence: The process of getting permits for new aspiration and biopsy needle goods might be hindered for producers by stringent regulatory criteria and the necessity to comply with healthcare standards. The implementation of novel solutions may be slowed down by strict rules.
  • Restricted Accessibility in Developing Areas: Certain developing regions may have limited access to advanced aspiration and biopsy treatments because of infrastructure constraints, a shortage of qualified healthcare workers, and restricted availability of high-tech medical equipment.
  • Budgetary Restrictions: For some individuals and healthcare facilities, the expense of biopsy procedures—which include the use of aspiration and biopsy needles—may be a barrier. Exorbitant expenses may have an impact on the choice to implement these practices.
  • Requirements for Physician Education and Experience: Healthcare workers need to be skilled and trained in order to perform safe and accurate biopsy operations. Widespread adoption may be constrained by the learning curve associated with these processes.
  • Non-invasive diagnostic technologies and alternatives: Advanced imaging techniques and liquid biopsies are examples of non-invasive diagnostic technologies that offer alternatives to conventional biopsy procedures. The market for aspiration and biopsy needles may be influenced by the accessibility and inclination for non-invasive procedures.

Global Aspiration And Biopsy Needles Market Segmentation Analysis

The Global Aspiration And Biopsy Needles Market is Segmented on the basis of Product Type, Application, End-User, and Geography.

Aspiration And Biopsy Needles Market Segmentation Analysis (1)

Aspiration And Biopsy Needles Market, By Product Type

  • Fine Needle Aspiration (FNA) Needles: Used for obtaining small tissue samples for cytology and pathology examinations.
  • Core Biopsy Needles: Designed for extracting larger tissue cores for histological analysis.
  • Vacuum-Assisted Biopsy (VAB) Needles: Equipped with vacuum technology for efficient tissue collection during biopsy procedures.

Aspiration And Biopsy Needles Market, By Application

  • Breast Biopsy: Needles specifically designed for breast tissue biopsy procedures.
  • Lung Biopsy: Needles used for obtaining tissue samples from the lungs for diagnostic purposes.
  • Prostate Biopsy: Needles designed for prostate tissue sampling in cases of suspected cancer.
  • Liver Biopsy: Needles for obtaining liver tissue samples to assess liver conditions and diseases.
  • Kidney Biopsy: Needles used for kidney tissue sampling in cases of renal diseases.
  • Bone Biopsy: Needles designed for obtaining bone tissue samples for pathological examination.

Aspiration And Biopsy Needles Market, By End-User

  • Hospitals and Clinics: Needles used in hospital settings and outpatient clinics for diagnostic and therapeutic purposes.
  • Diagnostic Imaging Centers: Needles used in centers that specialize in diagnostic imaging and biopsy procedures.
  • Cancer Research Institutes: Needles utilized in research institutions for studying cancer and developing new diagnostic techniques.
  • Ambulatory Surgical Centers: Needles used in outpatient surgical facilities for biopsy procedures.

Aspiration And Biopsy Needles Market, By Geography

  • North America: Market conditions and demand in the United States, Canada, and Mexico.
  • Europe: Analysis of the Aspiration And Biopsy Needles Market in European countries.
  • Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa: Examining market dynamics in the Middle East and African regions.
  • Latin America: Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Aspiration And Biopsy Needles Market are:

  • Merit Medical Systems
  • Cook Group Incorporated
  • Olympus Corporation
  • Medtronic PLC
  • Becton, Dickinson and Company (BD)
  • Boston Scientific Corporation

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Merit Medical Systems, Cook Group Incorporated, K26Olympus Corporation, Medtronic PLC, Becton, Dickinson and Company (BD)

SEGMENTS COVERED

By Product Type, By Application, By End-User, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Research Methodology of Verified Market Research:

Research Methodology of VMRTo know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Aspiration And Biopsy Needles Market was valued at USD 777.29 Million in 2023 and is projected to reach USD 1176.50 Million by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030.

Needle demand for aspiration and biopsy is driven by the increasing incidence of cancer, including lung, breast, prostate, and other forms of cancer. These tools are essential for accurately and promptly identifying cancer and staging it.

The major players are Merit Medical Systems, Cook Group Incorporated, K26Olympus Corporation, Medtronic PLC, Becton, Dickinson and Company (BD).

The Global Aspiration And Biopsy Needles Market is Segmented on the basis of Product Type, Application, End-User, and Geography.

The sample report for the Aspiration And Biopsy Needles Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Aspiration And Biopsy Needles Market, By Product Type
• Fine Needle Aspiration (FNA) Needles
• Core Biopsy Needles
• Vacuum-Assisted Biopsy (VAB) Needles

5. Aspiration And Biopsy Needles Market, By Application
• Breast Biopsy
• Lung Biopsy
• Prostate Biopsy
• Liver Biopsy
• Kidney Biopsy
• Bone Biopsy

6. Aspiration And Biopsy Needles Market, By End-User
• Hospitals and Clinics
• Diagnostic Imaging Centers
• Cancer Research Institutes
• Ambulatory Surgical Centers

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• Merit Medical Systems
• Cook Group Incorporated
• Olympus Corporation
• Medtronic PLC
• Becton, Dickinson and Company (BD)
• Boston Scientific Corporation

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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