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An Expanding Patient Pool And Technological Innovation Will Drive Moderate Growth In The US Market For Biopsy Devices
Date:8/14/2013

TORONTO, Aug. 14, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the United States market for biopsy devices will see moderate growth through 2021, driven in part by the aging and increasingly obese population. These demographic groups are at an increased risk of developing diseases such as cancer, and they will therefore drive demand for biopsies when anomalies are detected. In addition, increased public awareness regarding diseases and screening guidelines has led to higher biopsy volumes for patients outside of the aforementioned patient pool.

Innovations in imaging technology have greatly improved image quality and detail, especially for the gastrointestinal (GI) tract and bronchial structures. As visualization equipment provides physicians with higher resolution and more magnified images of the human body, biopsies will become more targeted and precise. As a result, physicians will become increasingly confident in the ability of these systems to accurately locate areas requiring examination, thereby supporting procedure volume expansion.

"Most segments of the US biopsy device market are also seeing a shift toward disposable biopsy devices," said MRG Analyst Jason Lau. "Disposable units offer greater convenience to physicians because they do not require sterilization after each use. Greater adoption of disposable devices will mean that there will be a larger volume of units sold, leading to greater market growth. However, this trend will be less prevalent in private practice or high-volume facilities, where cost-conscious physicians and central sterilization departments continue to make reusable devices, especially forceps, a cost-effective option."

The gynecological biopsy device market will be somewhat negatively affected in the near future by the human papillomavirus (
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SOURCE Millennium Research Group
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