Insights into the Vacuum-assisted Biopsy Devices Market size which is expanding with a 14.8% CAGR from 2024 - 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 14.8% (CAGR 2024 - 2031).
This entire report is of 101 pages.
Vacuum-assisted Biopsy Devices Introduction and its Market Analysis
The Vacuum-assisted Biopsy Devices market research report highlights a growing demand for minimally invasive procedures in the diagnosis and treatment of breast cancer. This market is driven by factors such as the rising prevalence of breast cancer, technological advancements in biopsy devices, and increasing awareness about early detection. Key players in the Vacuum-assisted Biopsy Devices market include BD, Mammotome, and Hologic. These companies are focusing on product innovation and strategic collaborations to gain a competitive edge in the market. The report recommends continued investment in research and development to enhance product offerings and expand market presence.
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The global Vacuum-assisted Biopsy Devices market is segmented based on needle size into 9-12G, Below 9G, and Above 12G. The market is further classified based on application into Hospitals, Academic and Research Institutes, and Diagnostic and Imaging Centers.
Regulatory and legal factors play a crucial role in shaping the market conditions for Vacuum-assisted Biopsy Devices. Stringent regulations, including FDA approvals and guidelines, ensure the safety and efficacy of these devices. Additionally, reimbursement policies and healthcare laws impact the adoption of these advanced biopsy devices in different regions. Keeping in mind the regulatory landscape is essential for manufacturers and healthcare providers to navigate the market successfully.
Overall, the Vacuum-assisted Biopsy Devices market is expected to witness growth driven by the increasing prevalence of cancer and the rising demand for minimally invasive procedures. Manufacturers and healthcare providers must stay abreast of the evolving regulatory and legal factors to capitalize on the market opportunities and provide optimal patient care.
Top Featured Companies Dominating the Global Vacuum-assisted Biopsy Devices Market
The vacuum-assisted biopsy devices market is highly competitive with key players such as BD (Becton, Dickinson and Company), Mammotome, and Hologic dominating the industry. These companies offer a range of vacuum-assisted biopsy devices that are used for minimally invasive tissue sampling in breast biopsies, resulting in improved precision and reduced patient discomfort.
BD is a global medical technology company that offers a wide range of products and services, including vacuum-assisted biopsy devices. The company focuses on innovation and research to provide advanced solutions for healthcare providers and patients. Mammotome, a subsidiary of Devicor Medical Products, Inc., specializes in breast biopsy equipment, including vacuum-assisted biopsy devices. Mammotome is known for its cutting-edge technology and commitment to improving patient outcomes.
Hologic is a leading provider of women's health solutions, including vacuum-assisted biopsy devices. The company's products are designed to enhance clinical efficiency and accuracy in breast biopsies. These companies help grow the vacuum-assisted biopsy devices market by investing in research and development, expanding their product offerings, and collaborating with healthcare professionals to enhance patient care.
In terms of sales revenue, BD reported total revenue of $ billion in 2020, while Hologic reported total revenue of $3.77 billion in the same year. Mammotome's revenue is not publicly disclosed as it is a subsidiary of Devicor Medical Products, Inc. Overall, these companies play a crucial role in advancing the vacuum-assisted biopsy devices market through innovation and commitment to excellence.
- 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. The 9-12G devices offer a balance of tissue collection and patient comfort, while those below 9G provide increased tissue sample volume for accurate diagnosis. On the other hand, devices above 12G are primarily used for larger lesions. This variety in sizes caters to different needs of patients and healthcare professionals, boosting the demand for vacuum-assisted biopsy devices in the market. With a wider range of options available, medical providers can choose the most suitable device for each specific case, leading to increased usage and market growth.
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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 widely used in hospitals, academic and research institutes, diagnostic and imaging centers for minimally invasive tissue sampling. These devices are utilized in the diagnosis of breast, lung, and other types of cancerous or non-cancerous lesions. The vacuum-assisted biopsy procedure involves the insertion of a needle into the target tissue, followed by the application of suction to remove multiple tissue samples efficiently. Among the various applications, the fastest growing segment in terms of revenue is in diagnostic and imaging centers, where the demand for accurate and efficient biopsy techniques is increasing rapidly.
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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 and Europe are expected to dominate the market with a market share of 30% each, followed by Asia-Pacific with a market share of 25%. Latin America and the Middle East & Africa regions are expected to have a market share of 10% each. The market is expected to witness steady growth in regions such as the United States, Germany, China, Brazil, and Saudi Arabia due to increasing prevalence of breast cancer and rising demand for minimally invasive biopsy procedures.
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