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Breast Biopsy Market (By Product: Biopsy Needles, Guidance Systems, Biopsy Tables, Localization Wires, Assay Kits, Liquid Biopsy Instruments, Others; By Type: Needle Breast Biopsy, Open Surgical Breast Biopsy, Liquid Breast Biopsy; By Guidance: Image-Guided Biopsy, Liquid Biopsy; By Application: Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring) - Global Industry Analysis, Market Size, Opportunities And Forecast 2020 - 2027

Published : Feb 2021

Report ID: ARC2451

Pages : 190

Format : Breast Biopsy Market (By Product: Biopsy Needles, Guidance Systems, Biopsy Tables, Localization Wires, Assay Kits, Liquid Biopsy Instruments, Others; By Type: Needle Breast Biopsy, Open Surgical Breast Biopsy, Liquid Breast Biopsy; By Guidance: Image-Guided Biopsy, Liquid Biopsy; By Application: Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring) - Global Industry Analysis, Market Size, Opportunities And Forecast 2020 - 2027

The market for breast biopsy is expected to grow at a CAGR of around 7.4% from 2020 to 2027 and expected to reach the market value of around US$ 1,296 Mn by 2027.

Breast biopsy is a medical procedure during that a sample of breast tissue is removed and sent to a laboratory for testing. The procedure is best suitable for evaluating breast if it has lumps or the portion of it is cancerous. The sample is used by doctors to identify and diagnose abnormalities in the cells that make up breast lumps, other unusual breast changes, or suspicious or concerning findings on a mammogram or ultrasound. Moreover, the risks associated with the breast biopsy include bruising and swelling of the breast, infection or bleeding at the biopsy site, and altered breast appearance.

Market Dynamics

The growing incidence of breast cancer due to changing women's lifestyles is driving the market growth. The increasing number of breast cancer screening programs simultaneously increasing demand for minimally invasive and non-invasive procedures is accelerating the market growth. The growing awareness regarding early detection of breast cancer as well as improved reimbursement scenario is bolstering the market value. Furthermore, emerging economies offer high growth potential, the emergence of liquid biopsy and promising clinical trials, and increasing public-private investments and funding are the factors projected to create potential opportunities over the forecast period from 2020 to 2027.

On the other side, the risk of infections associated with the use of biopsy needles and stringent regulatory approval procedures are projected to hinder the growth during the forecast timeframe from 2020 to 2027.

Segment Instance of Global Breast Biopsy Market

North America accounted for the maximum revenue share in the global market

In 2019, North America is leading the breast biopsy market owing to its highly developed infrastructure and awareness among women about the procedures. The US accounted for the dominating share (%) in the regional market. According to the American Cancer Society and the National Cancer Institute estimated of 2018, over 265,000 new cases of invasive breast cancer were diagnosed among women in the US, with 63,960 new cases of non-invasive (in situ) breast cancer. Moreover, one in eight women develops invasive breast cancer for her lifetime in the US.

Asia Pacific is anticipated to exhibit fastest growth over the forecast period from 2020 to 2027

Asia Pacific region along with its major economies is expected to experience the fastest growth over the forecast period from 2020 to 2027. The developing healthcare infrastructure, increasing discretionary income, rising awareness among women about the procedure, and increasing investment by the regional players are driving the market growth. The increasing number of hospitals are focusing on the advancement of their infrastructure by including advanced products for serving people with effective and efficient Guidance.

Prominent Market Players

The players profiled in the report include Argon Medical Devices, Becton and Dickinson Company, Cook Medical Incorporated, Danaher Corporation, Encapsule medical Devices LLC., Ethicon Endo Surgery (Johnson & Johnson), Gallini SRL, Hologic Inc., Intact Medical Corporation, Medtronic, Thermo Fisher Scientific, Inc., and F. Hoffmann-La Roche Ltd.

Market Segmentation

Market By Product

Biopsy Needles

Guidance Systems

Biopsy Tables

Localization Wires

Assay Kits

Liquid Biopsy Instruments

Others

Market By Type

Needle Breast Biopsy

  • Core Needle Biopsy (CNB)
  • Fine Needle Aspiration Biopsy (FNAB)
  • Vacuum-assisted Biopsy (VAB)

Open Surgical Breast Biopsy

  • Excisional
  • Incisional

Liquid Breast Biopsy

  • Circulating Tumor Cells
  • Circulating Tumor DNA (ctDNA)
  • Other Biomarkers

Market By Guidance

Image-Guided Biopsy

  • Mammography-guided Stereotactic Biopsy
  • Ultrasound-guided Biopsy
  • MRI-guided Biopsy
  • Other Guidance Techniques

Liquid Biopsy

  • NGS-based Biopsy
  • PCR-based Biopsy
  • Microarray-based Biopsy

Market By Application

Early Cancer Screening

Therapy Selection

Treatment Monitoring

Recurrence Monitoring

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions

What will be the market value of the global breast biopsy market?

The market for breast biopsy is expected to reach a market value of around US$ 1,296 Mn by 2027.

At what CAGR, the breast biopsy market is expected to grow during the forecast period (2020-2027)?

The breast biopsy market is expected to grow at a CAGR of around 7.4% from 2020 to 2027.

What are the segments by product in the breast biopsy market?

The biopsy needles, guidance systems, biopsy tables, localization wires, assay kits, liquid biopsy instruments, and others are the leading the market with maximum revenue share.

What are the key drivers of the global breast biopsy market?

The growing incidence of breast cancer due to changing women lifestyle, increasing number of breast cancer screening programs, increasing demand for minimally invasive and non-invasive procedures, growing awareness regarding early detection of breast cancer, and improved reimbursement scenario are some of the factors driving the market growth.

Which are the prominent players in the breast biopsy market?

Argon Medical Devices, Becton and Dickinson Company, Cook Medical Incorporated, Danaher Corporation, Encapsule medical Devices LLC., Ethicon Endo Surgery (Johnson & Johnson), Gallini SRL, Hologic Inc., Intact Medical Corporation, Medtronic, Thermo Fisher Scientific, Inc., and F. Hoffmann-La Roche Ltd.

Which region held the highest market share in the breast biopsy market?

North America held the highest market share in the breast biopsy market

Which region is expected to be the fastest growing market over the forecast period?

Asia Pacific is expected to be the fastest growing market over the forecast period

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