Biopsy Devices Market is Expected to Reach USD 2.1 Billion Globally in 2018: Transparency Market Research

 Biopsy Devices Market is Expected to Reach USD 2.1 Billion Globally in 2018:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, March 26, 2013

ALBANY, New York, March 26, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Biopsy Devices Market
(Disposable & Reusable Needles, Hot & Cold Forceps, Needle-based Biopsy Guns,
VAB, CNB, FNAB Devices, Guidance Systems)  -  Global Industry Analysis,
Size, Sha re, Growth, Trends and Forecast, 2012  -  2018, " in 2011, the
global biopsy devices market was valued at USD 1.3 billion and is expected to
grow at a CAGR of 6.6% from 2012 to 2018, to reach an estimated value of USD
2.1 billion in 2018.

Browse the full report at 
http://www.transparencymarketresearch.com/biopsy-devices-market.html

The market is driven mainly by rising worldwide cancer incidence, increasing
preference for minimally invasive procedures and growing awareness regarding
frequent screenings. People are more aware regarding development of cancer and
its early diagnosis, thereby opting for regular screenings and check-ups. The
demand for disposable devices and needles is on the rise, as patients are now
highly conscious about issues such as transmission of infectious diseases.
Cancer being a fatal disease if not diagnosed early, patients do not hesitate
to opt for expensive surgeries. All these factors are expected to drive the
growth of the market during the forecast period 2012 to 2018.

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Needle-based guns are identified as the fastest growing segment with a CAGR of
8%. Within this segment, preference for vacuum-assisted biopsy devices is
higher due to its high efficiency and minimally invasive nature. The biopsy
guidance systems segment accounted for the largest market share in 2011; the
market for these devices was valued at USD 607.5 million. This segment is
expected to continue to lead the market till 2018, in terms of revenue.

Geographically, North America accounted for the largest share in this market
in 2011. This is mainly due to the large patient population, availability of
advanced medical technologies and strong presence of leading market players.
However, with a healthy CAGR of 10.5%, Asia is expected to emerge as the
fastest growing regional market on account of the rapidly growing overall
population as well as aging population, increasing incidence of cancer, rising
disposable incomes of patients and growing economies.

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The global biopsy devices market is highly consolidated and is dominated by
players such as C.R. Bard, Inc., CareFusion Corporation, Hologic, Inc. and
Devicor Medical Products, Inc. Of these, C.R. Bard, Inc. accounted for the
largest market share in 2011.

The global biopsy devices market is segmented as follows:

Biopsy Devices Market, by Product Types Needle-based Biopsy Guns
Vacuum-Assisted Biopsy (VAB) Devices Core Needle Biopsy (CNB) Devices Fine
Needle Aspiration Biopsy (FNAB) Devices

Biopsy Needles Disposable Reusable

Biopsy Forceps Cold (General) Biopsy Forceps Hot Biopsy Forceps Biopsy
Guidance Systems

Manual Systems Robotic Systems

Others Biopsy Brushes Biopsy Curettes Biopsy Punches

Biopsy Devices Market, by Geography North America  EuropeAsia Rest of the
World (RoW)



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