Biopsy Needles Market by Product Type (Biopsy Needles, Aspiration Needles), Application (Tumor/Cancer Applications, Wound Applications), Procedure (Image-guided Procedures, Non-image-guided Procedures), End-User (Hospitals & Surgical Centers, Diagnostic Clinics & Pathology Laboratories, Ambulatory Care Centers, Research & Academic Institutes) & Region for 2024-2031

Biopsy Needles Market Valuation – 2024-2031

The Biopsy Needles Market is expanding rapidly due to the rising prevalence of cancer and increasing awareness of early detection. These needles are required for collecting tissue samples for diagnostic testing. Technological advancements in biopsy techniques, a growing aging population and increasing government cancer awareness initiatives are among the key market drivers. This is likely to enable the market size surpass USD 10.36 Billion valued in 2024 to reach a valuation of around USD 17.83 Billion by 2031.

North America possesses the largest market share due to advanced healthcare infrastructure and high cancer incidence rates. Key players in the market include companies like Becton, Dickinson and Company, Hologic, Inc. and Argon Medical Devices. The industry is likely to continue rising as demand for minimally invasive procedures increases. The rising demand for Biopsy Needles is enabling the market grow at a CAGR of 7.02% from 2024 to 2031.

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Biopsy Needles Market: Definition/ Overview

Biopsy needles are specialist medical devices that collect tissue samples from the body for diagnostic purposes. They come in a variety of styles, including core, fine and vacuum-assisted needles, each suited for a specific tissue type and diagnostic necessity, particularly in cancer detection.

Biopsy needles are used to collect tissue samples for diagnostic testing, which aids in the diagnosis and analysis of diseases, including cancer. They provide a minimally invasive way for collecting cells from diverse bodily areas, thereby providing critical information for diagnosis and treatment planning.

Biopsy needles will most likely be used more in the future as minimally invasive techniques evolve, cancer diagnoses improve and awareness of early illness detection grows. Improved needle technologies, such as increasing precision and less patient discomfort, will accelerate their use in medical practices.

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Will Growing Aging Population to Boost the Biopsy Needles Market Growth?

The growing aging population is expected to significantly boost the biopsy needle market. According to the US Census Bureau, by 2030, all baby boomers will be over the age of 65, bringing the total number of older people to 73 Billion. This demographic is more likely to require diagnostic procedures like needle biopsy.

According to the National Cancer Institute, approximately 39.5% of men and women will be diagnosed with cancer at some point during their lifetimes, with the median age for diagnosis being 66 years. The CDC reported 1,708,921 new cancer cases in 2018, with cancer being the second leading cause of death among those aged 65 and older. By 2050, the number of Americans aged 65 and older is predicted to reach 88.5 Billion, further raising need for biopsy needles.

Will High Cost of Biopsy Operations Hamper the Biopsy Needles Market?

The high cost of biopsy surgeries may limit the growth of the biopsy needles market. The costs of biopsy treatments, such as advanced imaging techniques and specialized needles, might be too expensive for some individuals and healthcare systems, especially in areas with low healthcare financing.

Furthermore, high costs may discourage patients from pursuing diagnostic treatments, particularly in the absence of full insurance coverage. This price barrier can limit access to important diagnostic testing, potentially resulting in delayed diagnosis and treatment. While technical developments and the rising prevalence of diseases such as cancer fuel demand for biopsy needles, the market’s expansion may be limited by the cost of treatments. Efforts to cut prices and enhance healthcare access could help to mitigate these issues and expand the market.

Category-Wise Acumens

Will Increasing Need for Early and Accurate Diagnosis Drive the Application Segment?

The growing demand for early and precise diagnosis is a major driver in the biopsy needles application area. Early diagnosis of diseases such as cancer is critical to improve treatment outcomes and survival rates. Biopsy needles are essential for collecting tissue samples for definitive diagnosis, as they aid in determining the presence and stage of illnesses. As healthcare systems prioritize preventive care and precision medicine, the demand for improved diagnostic instruments, such as biopsy needles, increases.

Furthermore, technical advances in biopsy needle design and imaging techniques improve the accuracy and safety of treatments. The rising emphasis on early diagnosis and individualized treatment strategies is projected to drive biopsy needle utilization and market growth.

 Will Increasing Demand for Greater Accuracy and Precision in Locating and Sampling Tissues Drive the Procedure Segment?

The growing demand for improved accuracy and precision in locating and sampling tissues is a major driver in the image-guided biopsy procedures market. Image-guided techniques, which use technologies such as ultrasound, CT, or MRI, improve the precision of biopsies by allowing for real-time viewing of target locations. This lowers the likelihood of sampling errors, complications and the need for repeat treatments, ultimately increasing diagnostic accuracy and patient outcomes.

As healthcare professionals and consumers seek more reliable and minimally invasive diagnostic approaches, image-guided biopsies are becoming increasingly popular. This tendency is bolstered by technology advances in imaging and needle design, which make these treatments safer and more efficient. As a result, the demand for image-guided biopsy treatments is likely to rise, boosting the total market for biopsy needles.

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Country/Region-wise Acumens

Will High Prevalence of Cancer Drive the Market in North America?

The rising rate of cancer is driving the demand for biopsy needles in North America. With cancer being one of the main causes of mortality in the region, there is a significant emphasis on early identification and correct diagnosis, both of which are critical for effective treatment and improved patient outcomes. North America’s well-established healthcare system, combined with extensive access to improved diagnostic tools, makes biopsy needles useful for identifying many malignancies.

Furthermore, a growing understanding of the necessity of regular screenings and early detection contributes to the rising demand for biopsy treatments. Supportive government initiatives and healthcare policies also contribute to industry growth. Consequently, the high cancer prevalence is a crucial element driving the rise of the biopsy needles market in North America.

Will Increasing Healthcare Investments Drive the Market in Asia Pacific Region?

Increasing healthcare investments are a key driver of the Asia-Pacific biopsy needles market. As countries in this region improve their healthcare infrastructure, there is a greater emphasis on strengthening diagnostic skills and increasing access to innovative medical technologies. Governments and business sectors are investing in updating hospitals, clinics and diagnostic centers, increasing the availability of biopsy procedures. This investment also helps healthcare professionals’ training in the use of sophisticated diagnostic technologies, which will help to drive market growth.

Furthermore, greater knowledge about early illness detection, combined with an aging population and an increasing prevalence of cancer, drives up demand for biopsy needles. As healthcare systems in Asia-Pacific improve, the market for biopsy needles is likely to rise, driven by these significant investments and the growing emphasis on quality healthcare.

Competitive Landscape

The biopsy needles market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the biopsy needles market include:

• Becton
• Medtronic plc
• Boston Scientific Corporation
• FUJIFILM Holdings Corporation
• Dickinson & Company (BD)
• Becton
• Cardinal Health
• Hologic, Inc.
• Olympus Corporation
• Argon Medical Devices, Inc.
• Devicor Medical Products, Inc.
• Braun Melsungen AG
• Cook Group Incorporated

Latest Developments

• In November 2022, Cambridge Enterprise released the Cambridge Prostate Biopsy Device (CamPROBE) to minimize infection risk during transrectal biopsies. This unique device includes an integrated needle for localized anesthetic delivery.
• In August 2022, Mammotome launched its Mammotome DualCore biopsy system, making its debut in the dual-stage core biopsy equipment market. The device’s lightweight, ergonomic and clever design minimizes needle movements and vibrations while improving the entire patient experience.

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