Global breast biopsy devices market: Driving factors, industry challenges, segmentation, key vendor analysis, leading...

NEW YORK, Jan. 23, 2023 /PRNewswire/ --
In-depth analysis provided in the report includes:

• Current and future market trends to highlight market conditions
• Comparative analysis of the market and its segments for the historic period of 2017 - 2021
• Market drivers and market impediments and their impact on market growth
• Positioning of market players and their business strategy analysis
• Download a sample now!

Global breast biopsy devices market size & segmentation analysis

The breast biopsy devices market is estimated to grow at a CAGR of 10.95% between 2022 and 2027. The size of the market is forecasted to increase by USD 721.64 million. The breast biopsy devices market is segmented based on product, end-user, and geography.

• Based on product, the breast biopsy devices market is segmented into biopsy needles and systems, biopsy image-guided systems, and others.
• Based on end-user, the market is segmented into hospitals, ASCS, breast cancer specialty centers and clinics, and others.
• Based on geography, the breast biopsy devices market is segmented into North America, Europe, Asia, and Rest of World (ROW).
• For insights on the market contribution of each segment, buy the report!

Breast biopsy devices market: Country-level analysis

The countries covered in the breast biopsy devices market report are the US and Canada (North America); the UK, Germany, France, and Rest of Europe (Europe); China and India (Asia); and Brazil, Argentina, and Rest of the Middle East & Africa (ROW).

• North America is estimated to account for 39% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The prevalence of cancer has increased in North America. Cancer is one of the most common diseases among the population in the region.
• Over the past few years, the adoption of various advanced technologies has increased in North America. The growth of the regional market is primarily driven by the adoption of advanced technologies in the healthcare sector, the increasing healthcare expenditure, the rising prevalence of breast cancer, and the growing awareness about mammograms.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!

Global breast biopsy devices market: Dynamics & insights

Technavio's research report on the breast biopsy devices market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The growing prevalence of breast cancer cases is notably driving the market growth. The increasing awareness about the prevalence of breast cancer is encouraging people to undergo screening and diagnosis. To minimize the incidence of breast cancer, there is a need to gather a wide range of accumulative data, create awareness, establish facilities, and treat patients after a proper analysis. Mammograms and ultrasounds are some of the major guidance systems used for the proper identification of breast cancer. Breast biopsies are performed by healthcare professionals for the early detection and diagnosis of breast cancer, which is driving the demand for breast biopsy procedures. These factors are expected to boost the growth of the market during the forecast period.

The high cost of breast biopsy is a major challenge impeding the market. Healthcare professionals recommend breast biopsy procedures to screen for breast cancer. Mammograms, ultrasounds, and MRIs are some of the systems used to locate abnormalities in breasts. Needle biopsy helps physicians determine the cause of a mass or lump formation in the breast of a patient. Hospitals, clinics, and cancer specialty centers use image-guided, minimally invasive breast biopsies. The cost of these procedures includes the cost of the modality used and the cost of professionals. However, patients may be unwilling to opt for image-guided breast biopsy procedures because of their high cost. These factors will hinder the market's growth during the forecast period.

Breast biopsy devices market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the breast biopsy devices market are Advin Health Care, Allengers Medical Systems Ltd., Argon Medical Devices Inc., Becton Dickinson and Co., BIOPSYBELL Srl, Cook Medical LLC, Danaher Corp., FUJIFILM Corp., General Electric Co., Hologic Inc., IZI Medical Products, Merit Medical Systems Inc., Metaltronica Spa, Planmed Oy, Scion Medical Technologies LLC, Siemens Healthineers AG, Suretech Medical Inc., Vector Medical, Zamar Care, and Carestream Health Inc., among others. For insights on the vendor offerings, download a PDF sample!

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Table of content:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Market Segmentation by Modality
• Exhibit 08: Executive Summary – Chart on Incremental Growth
• Exhibit 09: Executive Summary – Data Table on Incremental Growth
• Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 11: Parent market
• Exhibit 12: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 13: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 14: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global breast biopsy devices market 2017 - 2021
• Exhibit 19: Historic Market Size – Data Table on Global breast biopsy devices market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-User Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – End-User Segment 2017 - 2021 ($ million)

• 4.4 Modality Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Modality Segment 2017 - 2021 ($ million)

• 4.5 Geography Segment Analysis 2017 - 2021
• Exhibit 23: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.6 Country Segment Analysis 2017 - 2021
• Exhibit 24: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 25: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 28: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 29: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 30: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 31: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 32: Chart on Product - Market share 2022-2027 (%)
• Exhibit 33: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product
• Exhibit 34: Chart on Comparison by Product
• Exhibit 35: Data Table on Comparison by Product

• 6.3 Biopsy needles and systems - Market size and forecast 2022-2027
• Exhibit 36: Chart on Biopsy needles and systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 37: Data Table on Biopsy needles and systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Chart on Biopsy needles and systems - Year-over-year growth 2022-2027 (%)
• Exhibit 39: Data Table on Biopsy needles and systems - Year-over-year growth 2022-2027 (%)

• 6.4 Biopsy image-guided systems - Market size and forecast 2022-2027
• Exhibit 40: Chart on Biopsy image-guided systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 41: Data Table on Biopsy image-guided systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Chart on Biopsy image-guided systems - Year-over-year growth 2022-2027 (%)
• Exhibit 43: Data Table on Biopsy image-guided systems - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 44: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product
• Exhibit 48: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 49: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 50: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user
• Exhibit 51: Chart on Comparison by End-user
• Exhibit 52: Data Table on Comparison by End-user

• 7.3 Hospitals - Market size and forecast 2022-2027
• Exhibit 53: Chart on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Data Table on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
• Exhibit 56: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)

• 7.4 ASCs - Market size and forecast 2022-2027
• Exhibit 57: Chart on ASCs - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Data Table on ASCs - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Chart on ASCs - Year-over-year growth 2022-2027 (%)
• Exhibit 60: Data Table on ASCs - Year-over-year growth 2022-2027 (%)

• 7.5 Breast cancer specialty centers and clinics - Market size and forecast 2022-2027
• Exhibit 61: Chart on Breast cancer specialty centers and clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on Breast cancer specialty centers and clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on Breast cancer specialty centers and clinics - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on Breast cancer specialty centers and clinics - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 65: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user
• Exhibit 69: Market opportunity by End-user ($ million)

8 Market Segmentation by Modality

• 8.1 Market segments
• Exhibit 70: Chart on Modality - Market share 2022-2027 (%)
• Exhibit 71: Data Table on Modality - Market share 2022-2027 (%)

• 8.2 Comparison by Modality
• Exhibit 72: Chart on Comparison by Modality
• Exhibit 73: Data Table on Comparison by Modality

• 8.3 Stereotactic x-ray guided breast biopsy - Market size and forecast 2022-2027
• Exhibit 74: Chart on Stereotactic x-ray guided breast biopsy - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on Stereotactic x-ray guided breast biopsy - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on Stereotactic x-ray guided breast biopsy - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Stereotactic x-ray guided breast biopsy - Year-over-year growth 2022-2027 (%)

• 8.4 Ultrasound-guided breast biopsy - Market size and forecast 2022-2027
• Exhibit 78: Chart on Ultrasound-guided breast biopsy - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on Ultrasound-guided breast biopsy - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on Ultrasound-guided breast biopsy - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Ultrasound-guided breast biopsy - Year-over-year growth 2022-2027 (%)

• 8.5 MRI-guided breast biopsy - Market size and forecast 2022-2027
• Exhibit 82: Chart on MRI-guided breast biopsy - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Data Table on MRI-guided breast biopsy - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Chart on MRI-guided breast biopsy - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on MRI-guided breast biopsy - Year-over-year growth 2022-2027 (%)

• 8.6 Market opportunity by Modality
• Exhibit 86: Market opportunity by Modality ($ million)

9 Customer Landscape

• 9.1 Customer landscape overview
• Exhibit 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

• 10.1 Geographic segmentation
• Exhibit 88: Chart on Market share by geography 2022-2027 (%)
• Exhibit 89: Data Table on Market share by geography 2022-2027 (%)

• 10.2 Geographic comparison
• Exhibit 90: Chart on Geographic comparison
• Exhibit 91: Data Table on Geographic comparison

• 10.3 North America - Market size and forecast 2022-2027
• Exhibit 92: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 95: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 10.4 Europe - Market size and forecast 2022-2027
• Exhibit 96: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 99: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 10.5 Asia - Market size and forecast 2022-2027
• Exhibit 100: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 103: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 10.6 Rest of World (ROW) - Market size and forecast 2022-2027
• Exhibit 104: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 107: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 10.7 US - Market size and forecast 2022-2027
• Exhibit 108: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 111: Data Table on US - Year-over-year growth 2022-2027 (%)

• 10.8 Germany - Market size and forecast 2022-2027
• Exhibit 112: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 115: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 10.9 France - Market size and forecast 2022-2027
• Exhibit 116: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 118: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 119: Data Table on France - Year-over-year growth 2022-2027 (%)

• 10.10 China - Market size and forecast 2022-2027
• Exhibit 120: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 122: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 123: Data Table on China - Year-over-year growth 2022-2027 (%)

• 10.11 Canada - Market size and forecast 2022-2027
• Exhibit 124: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 125: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 126: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 127: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 10.12 Market opportunity by geography
• Exhibit 128: Market opportunity by geography ($ million)

11 Drivers, Challenges, and Trends

• 11.1 Market drivers

• 11.2 Market challenges

• 11.3 Impact of drivers and challenges
• Exhibit 129: Impact of drivers and challenges in 2022 and 2027

• 11.4 Market trends

12 Vendor Landscape

• 12.1 Overview

• 12.2 Vendor landscape
• Exhibit 130: Overview on Criticality of inputs and Factors of differentiation

• 12.3 Landscape disruption
• Exhibit 131: Overview on factors of disruption

• 12.4 Industry risks
• Exhibit 132: Impact of key risks on business

13 Vendor Analysis

• 13.1 Vendors covered
• Exhibit 133: Vendors covered

• 13.2 Market positioning of vendors
• Exhibit 134: Matrix on vendor position and classification

• 13.3 Argon Medical Devices Inc.
• Exhibit 135: Argon Medical Devices Inc. - Overview
• Exhibit 136: Argon Medical Devices Inc. - Product / Service
• Exhibit 137: Argon Medical Devices Inc. - Key news
• Exhibit 138: Argon Medical Devices Inc. - Key offerings

• 13.4 Becton Dickinson and Co.
• Exhibit 139: Becton Dickinson and Co. - Overview
• Exhibit 140: Becton Dickinson and Co. - Business segments
• Exhibit 141: Becton Dickinson and Co. - Key news
• Exhibit 142: Becton Dickinson and Co. - Key offerings
• Exhibit 143: Becton Dickinson and Co. - Segment focus

• 13.5 BIOPSYBELL Srl
• Exhibit 144: BIOPSYBELL Srl - Overview
• Exhibit 145: BIOPSYBELL Srl - Product / Service
• Exhibit 146: BIOPSYBELL Srl - Key offerings

• 13.6 Cook Medical LLC
• Exhibit 147: Cook Medical LLC - Overview
• Exhibit 148: Cook Medical LLC - Product / Service
• Exhibit 149: Cook Medical LLC - Key offerings

• 13.7 Danaher Corp.
• Exhibit 150: Danaher Corp. - Overview
• Exhibit 151: Danaher Corp. - Business segments
• Exhibit 152: Danaher Corp. - Key news
• Exhibit 153: Danaher Corp. - Key offerings
• Exhibit 154: Danaher Corp. - Segment focus

• 13.8 FUJIFILM Corp.
• Exhibit 155: FUJIFILM Corp. - Overview
• Exhibit 156: FUJIFILM Corp. - Business segments
• Exhibit 157: FUJIFILM Corp. - Key news
• Exhibit 158: FUJIFILM Corp. - Key offerings
• Exhibit 159: FUJIFILM Corp. - Segment focus

• 13.9 General Electric Co.
• Exhibit 160: General Electric Co. - Overview
• Exhibit 161: General Electric Co. - Business segments
• Exhibit 162: General Electric Co. - Key news
• Exhibit 163: General Electric Co. - Key offerings
• Exhibit 164: General Electric Co. - Segment focus

• 13.10 Hologic Inc.
• Exhibit 165: Hologic Inc. - Overview
• Exhibit 166: Hologic Inc. - Business segments
• Exhibit 167: Hologic Inc. - Key news
• Exhibit 168: Hologic Inc. - Key offerings
• Exhibit 169: Hologic Inc. - Segment focus

• 13.11 IZI Medical Products
• Exhibit 170: IZI Medical Products - Overview
• Exhibit 171: IZI Medical Products - Product / Service
• Exhibit 172: IZI Medical Products - Key offerings

• 13.12 Merit Medical Systems Inc.
• Exhibit 173: Merit Medical Systems Inc. - Overview
• Exhibit 174: Merit Medical Systems Inc. - Business segments
• Exhibit 175: Merit Medical Systems Inc. - Key offerings
• Exhibit 176: Merit Medical Systems Inc. - Segment focus

• 13.13 Metaltronica Spa
• Exhibit 177: Metaltronica Spa - Overview
• Exhibit 178: Metaltronica Spa - Product / Service
• Exhibit 179: Metaltronica Spa - Key offerings

• 13.14 Planmed Oy
• Exhibit 180: Planmed Oy - Overview
• Exhibit 181: Planmed Oy - Product / Service
• Exhibit 182: Planmed Oy - Key offerings

• 13.15 Scion Medical Technologies LLC
• Exhibit 183: Scion Medical Technologies LLC - Overview
• Exhibit 184: Scion Medical Technologies LLC - Product / Service
• Exhibit 185: Scion Medical Technologies LLC - Key offerings

• 13.16 Siemens Healthineers AG
• Exhibit 186: Siemens Healthineers AG - Overview
• Exhibit 187: Siemens Healthineers AG - Business segments
• Exhibit 188: Siemens Healthineers AG - Key news
• Exhibit 189: Siemens Healthineers AG - Key offerings
• Exhibit 190: Siemens Healthineers AG - Segment focus

• 13.17 Zamar Care
• Exhibit 191: Zamar Care - Overview
• Exhibit 192: Zamar Care - Product / Service
• Exhibit 193: Zamar Care - Key offerings

14 Appendix

• 14.1 Scope of the report

• 14.2 Inclusions and exclusions checklist
• Exhibit 194: Inclusions checklist
• Exhibit 195: Exclusions checklist

• 14.3 Currency conversion rates for US$
• Exhibit 196: Currency conversion rates for US$

• 14.4 Research methodology
• Exhibit 197: Research methodology
• Exhibit 198: Validation techniques employed for market sizing
• Exhibit 199: Information sources

• 14.5 List of abbreviations
• Exhibit 200: List of abbreviations

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