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Biopsy devices market

Issues with medical reimbursements are expected to hinder growth of the global biopsy devices market. Insurance companies do not allow reimbursements for every biopsy procedure. For instance, in European countries, core needle biopsies are not covered for reimbursements as medical insurance companies believe that these are only investigative techniques and not surgical techniques.

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Biopsy devices market

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  1. Biopsy Devices Market-Global Industry Biopsy Devices Market-Global Industry Insights,Trends,Outlook,and Opportunity Analysis,2016– Insights,Trends,Outlook,and Opportunity Analysis,2016– 2024 2024 Biopsy is a medical procedure involving extraction of sample cells/tissues from a tumor for examination and diagnosis of malignancy. The procedure is performed in two ways- needle-based minimally invasive procedures and open surgical procedures. Statistics: Statistics: The global biopsy devices market is estimated to account for US$ 3,786.8 Mn in terms of value by the end of 2027. Global Biopsy Devices Market: Drivers Global Biopsy Devices Market: Drivers Increasing incidence of cancer is expected to propel growth of the global biopsy devices market over the forecast period. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. Moreover, increasing geriatric population is also expected to aid in growth of the global biopsy devices market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. Statistics: Statistics: North America held dominant position in the global biopsy devices market in 2019, accounting for 38.8% share in terms of value, followed by Europe and Asia Pacific, respectively.

  2. Get PDF Brochure Of This Research Report @ Get PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/220 https://www.coherentmarketinsights.com/insight/request-pdf/220 Global Biopsy Devices Market: Restraints Global Biopsy Devices Market: Restraints Issues with medical reimbursements are expected to hinder growth of the global biopsy devices market. Insurance companies do not allow reimbursements for every biopsy procedure. For instance, in European countries, core needle biopsies are not covered for reimbursements as medical insurance companies believe that these are only investigative techniques and not surgical techniques. Moreover, reimbursements are available for core needle biopsies only if they are recommended by surgeons as medically unavoidable. Global Biopsy Devices Market: Opportunities Global Biopsy Devices Market: Opportunities R&D in wireless biopsy is expected to offer lucrative growth opportunities for players in the global biopsy devices market. For instance, in January 2020, researchers from Chonnam National University, South Korea, reported development of a novel wireless biopsy capsule endoscopes employing active five degree-of-freedom locomotion and a biopsy needle punching mechanism for the histological analysis of the intestinal tract. Moreover, adoption of AI in biopsy is also expected to aid in growth of the market. For instance, in October 2018, Freenome, an AI genomics company based in the U.S., is focused on developing blood tests to detect the body’s early-warning signs of cancer, using AI. In October 2018, the company presented early data in R&D for using machine learning to detect colorectal cancer at its earliest stages.

  3. Research Methodology Research Methodology Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: Primary Research (Trade Surveys and Experts Interviews) Primary Research (Trade Surveys and Experts Interviews) • Desk Research Desk Research • Proprietor Data Analytics Model Proprietor Data Analytics Model • In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings. Request Sample Copy of Research Report @ Request Sample Copy of Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/220 https://www.coherentmarketinsights.com/insight/request-sample/220 Market Trends/Key Takeaways Market Trends/Key Takeaways Major players in the global biopsy devices market are focused on approval and launch of new devices in order to expand their product portfolio. For instance, in December 2019, Medtronic plc received the U.S. Food and Drug Administration clearance for its Stealth Autoguide system, for biopsy procedures, stereoelectroencephalography (sEEG) depth electrode placement, and for the positioning of the Visualase bone anchor, which is used for catheter placement.

  4. Major players in the market are also focused on adopting M&A strategies in order to expand their product portfolio. For instance, in January 2019, IZI Medical Products acquired a set of biopsy and breast localization needles from Cook Medical for an undisclosed amount. Global Biopsy Devices Market: Competitive Landscape Global Biopsy Devices Market: Competitive Landscape Major players operating in the global biopsy devices market include, Angiotech, Cardinal Health Inc., CareFusion Corporation, BD, Devicor Medical Products, Inc., DTR Medical, Hologic, Inc., INRAD, Inc., UK Biopsy, Medtronic plc, IZI Medical Products, FUJIFILM Medical Systems U.S.A., Saga Diagnostics, Zomedica Pharmaceuticals Corp., QIAGEN N.V, GRAIL, Inc., and Foundation Medicine, Inc. Global Biopsy Devices Market: Key Developments Global Biopsy Devices Market: Key Developments Major players in the global biopsy devices market are focused on approval and launch of new devices in order to expand their product portfolio. For instance, in January 2020, Zomedica Pharmaceuticals Corp., a veterinary diagnostic and pharmaceutical company, announced completing the development and manufacturing of its reference lab cancer liquid biopsy platform for canine cancers. About Coherent Market Insights About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

  5. Contact Us Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: Email: sales@coherentmarketinsights.com sales@coherentmarketinsights.com

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