Intent Market Research projects that the breast biopsy devices market will expand at a compound annual growth rate (CAGR) of 9.7 percent, from USD 11.8 billion in 2023 to USD 34.4 billion in 2030. Growing Research and Clinical Trial Investments Anticipated to Support the Growth of the Breast Biopsy Market A breast biopsy is a diagnostic procedure in which cells or tissue are removed from the breast for microscopic analysis by a pathologist. Important details regarding the breast tissue are revealed by the examination, which helps with diagnosis and the creation of a suitable treatment strategy. If necessary, a biopsy can also be used to completely remove minor breast abnormalities. To obtain samples of cells or tissue from the breast, different biopsies are used; each has unique characteristics. These include core biopsy (CNB) or core needle biopsy, vacuum-assisted core biopsy (VACB) or Mammotome, and fine needle biopsy (FNA or FNAB), which is used for accurate cell sampling and cyst aspiration for FNAB. One major driver of the market for breast biopsy devices is the expansion of breast cancer screening initiatives. The number of people having diagnostic procedures has significantly increased as a result of national and local initiatives aimed at routine screening. Because breast biopsy instruments are essential for confirming or ruling out cancers found during screening, the increase in screenings is driving up demand for them. Assay kits are essential in this regard.
Complex cysts features as thick walls, dense septa, intracystic masses, or other clearly defined solid components. These cysts, commonly found in women over the age of 40, are effectively detectable through breast ultrasound, with reported accuracy in diagnosis nearing 100%. The prevalence of breast cysts, coupled with the advanced diagnostic capabilities of ultrasound, propels the biopsy segment’s growth, offering significant market space for expansion.
The breast biopsy devices market is characterized by the presence of various small and big players. The major market players include Argon Medical Devices, Becton Dickinson and Company, Cook Medical, Devicor Medical Products, F. Hoffmann-La Roche, GE Healthcare, Hologic, Leica Biosystems, Medax Srl, Planmed, Scion Medical Technologies, Siemens Healthier, amongst others. In a competitive market landscape, players are swiftly embracing advanced technologies to enhance breast biopsy devices market operations and bolster their competitive stance through strategic initiatives, including mergers, acquisitions, and the introduction of new products.
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