Global Breast Biopsy Market Forecast to 2032
Emergen Research's new report, titled 'Global Breast Biopsy Market,' is methodically curated by our team of analysts with readers' comprehension in mind, and includes a comprehensive database of industry distribution. The report examines historical and current market scenarios in order to forecast the global Breast Biopsy Market outlook over the forecast period (2022-2032). Researchers took a comprehensive approach to global market analysis, highlighting the factors that influence the market's overall growth. The research employs effective analytical tools such as SWOT analysis and Porter's Five Forces to examine the strengths, weaknesses, opportunities, and threats associated with the growth of various market segments.
The global breast biopsy market size reached USD 2.96 Billion in 2022 and is expected to register a revenue CAGR of 5.7% during the forecast period, according to the latest analysis by Emergen Research. Growing developments in molecular imaging-related technologies is a key factor driving revenue growth of the market. One of the main factors driving market revenue growth is the expansion of research & development into the creation of breast biopsy platforms to treat chronic breast illnesses. The development of novel technologies is made possible by the rising research activities carried out by numerous institutions around the world. These technologies effectiveness makes it easier for them to enter the market. The market revenue growth is significantly influenced by the rising incidence of breast cancer.
One of the main factors preventing the market from experiencing revenue growth is the high expense of producing novel breast biopsy products. The high cost of entry causes new market entrants to be significantly reluctant to invest in this industry, which in turn is limiting startups' ability to grow their income.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Breast Biopsy market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Devicor Medical Products, Inc., ARGON MEDICAL., B. Braun Melsungen AG, Cardinal Health., Olympus Corporation, Boston Scientific Corporation, FUJIFILM Corporation, INRAD Inc., Medtronic, Hologic, Inc
Research Report on the Breast Biopsy Market Addresses the Following Key Questions:
- Who are the dominant players of the Breast Biopsy market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Breast Biopsy market?
- What are the key growth drivers and restraining factors of the Breast Biopsy market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Breast Biopsy market and its key segments?
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Some Key Highlights from the Report
- The mammography segment is expected to register the highest revenue growth rate over the forecast period. The ability of mammography to identify early breast cancer in asymptomatic people is a critical element in driving this segment's high demand. The success of a cancer diagnosis is greatly influenced by the early discovery of the disease.
- Vacuum assisted biopsy segment is expected to account for a significantly large revenue share over the forecast period. One of the main factors driving revenue growth of the segment is the rising adoption of minimally invasive treatments for mammary conditions. It is frequently used as a low-risk, non-invasive biopsy technique. The vacuum-assisted core biopsy can successfully replace surgical biopsies.
- The market in North America is expected to register a significantly fast revenue growth rate during the forecast period. The region's economic growth is significantly influenced by rising financing for biomedical research, notably molecular imaging, from governmental and non-governmental groups. An important factor driving market revenue growth in this region is the rising number of market participants investing in mammary imaging-based biopsy equipment. For instance, some of the market participants in the United States who are engaged in breast biopsy and imaging include Hologic Inc., Danaher Corporation, and Thermo Fischer Scientific. The number of molecular imaging-based biomedical and biotechnological products is expected to increase rapidly due to the growing number of startups in this region, which is expected to drive market revenue during the forecast period.
Market Overview:
The report bifurcates the Breast Biopsy market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2019-2032)
- Mammography
- MRI
- Others
- Product Outlook (Revenue, USD Billion; 2019-2032)
- Vacuum Assisted Biopsy
- Core Needle Biopsy
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- China
- India
- Japan
- South Korea
- Rest of APAC
- Brazil
- Rest of LATAM
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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Regional Landscape section of the Breast Biopsy report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Breast Biopsy market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Breast Biopsy with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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