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:
- By Product Type (Biopsy Needles and Aspiration Needles)
- By Procedure (Image-guided Procedures and Non-image-guided Procedures)
- By Application (Tumor/Cancer Applications, Wound Applications, and Others)
- By End-Users (Hospitals & Surgical Centers, Diagnostic Clinics &
Pathology Laboratories, Ambulatory Care Centers, and Research &
Academic Institutes)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- 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:
- What are the current and future trends of the aspiration &
biopsy needles industry?
- How the industry has been evolving in terms of product type,
application, procedure, and end-users?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the
aspiration & biopsy needles industry?
- 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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