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Biopsy Devices Market is Expected to Reach USD 2.1 Billion Globally in 2018: Transparency Market Research
Date:3/26/2013

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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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