SAN FRANCISCO, August 10, 2015 /PRNewswire/ --
Global biopsy devices market is expected to reach USD 2.33 billion by 2020 and is expected to grow at a CAGR of 6.4%, according to a new report by Grand View Research. Growing prevalence of several forms of cancer and a considerable presence of unmet market demand for efficient and accurate cancer diagnostic procedures, especially in resource limited settings such as in emerging economies are expected to support future growth of the industry.
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According to international cancer agencies, by 2030 the number of cancer incidences is expected to reach over 23 million which is directly expected to affect the number of required biopsies. Furthermore, growth in the global geriatric population is also expected to contribute towards the growth for this market by triggering incidence rates of target ailments and disorders.
Browse full research report with TOC on "Biopsy Devices Market Analysis By Product (Needle Based Biopsy Guns, Guidance Systems, Biopsy Forceps, Biopsy Needles, Biopsy Curettes and Punches) And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/biopsy-devices-industry
Biopsy guidance systems were observed to account for the largest share of revenue for 2013 owing to the technologically advanced and expensive nature of these systems. High prices associated with this segment accounted for over 40% of the market revenue and it is expected that the segment will maintain its position over the forecast period.
However, needle based biopsy guns are expected to provide the most lucrative avenues for growth owing to the presence of growing market demand for minimally invasive biopsy solutions especially for soft tissue biopsy related to breast, renal and prostrate cancers.
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Biopsy Devices Market on the basis of products and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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