Aspiration & Biopsy Needles Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global aspiration & biopsy needles market is anticipated to witness an uptick owing to an increase in the number of cancer cases and a surge in the geriatric population across the globe. For instance, according to GLOBOCON 2020, nearly 19.3 million new cancer cases were reported across the globe, and it is expected to reach 30.2 million new cases in the year 2040. Also, about 1 out of 6 deaths occur due to cancer globally, as per the World Health Organization factsheet and About 70% of deaths from cancer occur in low- and middle-income countries. Owing to these factors, there has been a growing need for advanced diagnostics and screening solutions for cancer which in turn is augmenting the growth of the aspiration & biopsy needles market globally.

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The recent COVID-19 pandemic has disrupted the healthcare industry with the emergence of SARS-COV-2. The aspiration & biopsy needles market was significantly affected during these times as a worldwide lockdown has resulted in the disruption of cancer screening services which ultimately lowered the demand for biopsy needles.

According to UnivDatos Market Insights (UMI)’ research report “Global Aspiration & Biopsy Needles Analysis, 2020”, the aspiration & biopsy needles market is projected to grow at a CAGR of 7% during 2021-27F. The increasing preference for minimally invasive procedures, growing awareness about different types of cancers, and technological advancements in cancer diagnostics are some major factors contributing to the growth of the market.

Based on the application, the market is fragmented into tumor/cancer applications, wound applications, and others. The tumor/cancer applications segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period as there is a rise in the prevalence of various types of cancers including breast, colorectal, prostate, and others. Also, the growing awareness regarding various types of cancer and increasing research activity pertaining to cancer screening and diagnosis are some of the factors driving the segment growth.

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Hospitals & Surgical Centers Segment to Witness Robust growth

Based on end-user, the market is segmented into hospitals & surgical centers, diagnostic clinics & pathology laboratories, ambulatory care centers, and research & academic institutes. The hospitals & surgical centers segment had the highest revenue and CAGR growth in the analyzed period. The growth of this segment is attributed to the increase in the number of patients opting for biopsy procedures in hospitals. Additionally, well-established healthcare infrastructure and the presence of well-trained oncologists in hospitals and surgical centers are also some other factors driving the growth of this segment. 

Asia-Pacific to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, Asia-Pacific dominated the global aspiration & biopsy needles market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the growing healthcare expenditure and increase in cancer incidences in the region. Asia-Pacific is expected to skyrocket with a CAGR of X% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Aspiration & Biopsy Needles Market Analysis, 2020”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Aspiration & Biopsy Needles Market include Becton, Dickinson and Company, Olympus Corporation, Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, Cardinal Health, CONMED Corporation, Merit Medical Systems, Argon Medical Devices Inc., INRAD Inc, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

 “Global Aspiration & Biopsy Needles Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for aspiration & biopsy needles providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Product Type (Biopsy Needles and Aspiration Needles)
2. By Procedure (Image-guided Procedures and Non-image-guided Procedures)
3. By Application (Tumor/Cancer Applications, Wound Applications, and Others)
4. By End-Users (Hospitals & Surgical Centers, Diagnostic Clinics & Pathology Laboratories, Ambulatory Care Centers, and Research & Academic Institutes)
5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6. By Company (Becton, Dickinson and Company, Olympus Corporation, Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, Cardinal Health, CONMED Corporation, Merit Medical Systems, Argon Medical Devices Inc., INRAD Inc., )

Key questions answered in the study:

1. What are the current and future trends of the aspiration & biopsy needles industry?
2. How the industry has been evolving in terms of product type, application, procedure, and end-users?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the aspiration & biopsy needles industry?
5. What is the customer orientation, purchase behavior, and expectations from aspiration & biopsy needles firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL ASPIRATION & BIOPSY NEEDLES MARKET REVENUE

7 MARKET INSIGHTS BY PRODUCT TYPE

8 MARKET INSIGHTS BY PROCEDURE

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY END-USERS

11 MARKET INSIGHTS BY REGION

12 ASPIRATION & BIOPSY NEEDLES MARKET DYNAMICS

13 ASPIRATION & BIOPSY NEEDLES MARKET OPPORTUNITIES

14 ASPIRATION & BIOPSY NEEDLES MARKET TRENDS & INSIGHTS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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