Aspiration and Biopsy Needles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028
Aspiration and Biopsy Needles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028
Report Digest
Global Aspiration and Biopsy Needles Market: Overview
Fine needle aspiration refers to one particular type of biopsy procedure. While conducting the procedure of fine needle aspiration, a thin needle is lodged into an area of tissue or body fluid that appears abnormal.As with other procedures of biopsies, the sample that is gathered during fine needle aspiration assists in making a diagnosis or rule out medical conditions such as cancer.Fine needle aspiration is usually considered a safe procedure. Complications arising out of it are infrequent.
The needles that are used during aspiration and biopsy procedure have been gaining traction in the recent years. The market is competitive with the presence of many market players; each of them jostling with each other to expand the presence in the global aspiration and biopsy needles market.
The segments product, site, procedures, and geography comprise global market for aspiration and biopsy needles market. In the study, it has been forecasted that the segment of image-guided procedure will rise at a robust growth rate due to its provision for accuracy. Of all the regions, Asia Pacific is estimated to offer promising scope for the growth of global aspiration and biopsy needles market.
Global Aspiration and Biopsy Needles Market: Notable Developments
Acquisitions, mergers, new product launches will shape the course of growth of the global aspiration and biopsy needles market. Some of notable developments pertaining to the competitive landscape of this market are:
- In September last year, Tokyo-based Olympus Corporation received approval from FDA for its EZ Shot Plus 25 G needle
- In April 2016, Tokyo-based Olympus Corporation introducedto the market aspiration biopsy needles with Side Port - Reusable (NA-2C-1)
- Couple of years ago, US-based Cook Group Incorporated launched a biopsy needle called EchoTipProCore 20 Gage Needle. It was meant for ultrasound-guided fine needle biopsy (FNB).
- In January 2019, IZI Medical Products made an acquisition of Cook Medical’s soft tissue biopsy and breast localization needle product line.
- In February 2018, US-based Merit Medical Systems, Inc. made an announcement about shutting down of its purchase of divestment assets from BD (Becton, Dickinson and Company).
Some of the most prominent competitors operating in the competitive landscape of aspiration and biopsy needles market include –
- Somatex Medical Technologies
- Becton
- Dickinson and Company
- Cook Group Incorporated
- Boston Scientific Corporation
- CONMED Corporation
- OlympusCorporation
Global Aspiration and Biopsy Needles Market: Growth Drivers
Increased Adoption of Industrial Automation Fuel Market Growth
The global market is basically driven by many growth promoting factors such as growing preference for minimally invasive surgeries,increased cancer awareness initiatives several by global health organizations and the governments, and the rising incidences of cancer.
In terms of site, the market is divided into bone & bone marrow,colorectal,kidney,breast,prostate, and lung. In the year 2019, the segment of breast accounted for the lion’s share of global aspiration and biopsy needles market.
Such high dominance of this segment is primarily ascribed to the growing research and development activities pertaining to breast screening and diagnosis, growing awareness about cancer,and rise in the incidences of breast cancer.
Global Aspiration and Biopsy Needles Market: Regional Outlook
The global aspiration and biopsy needles market is analyzed across four major regions, namely Europe, Asia Pacific, North America, and the Rest of the World. North America held the largest share of the market globally in the year 2019.
Widespread prevalence of cancer cases in Canada and the US and cancer awareness initiatives started by local governments are driving the aspiration and biopsy needles market here.
The global aspiration and biopsy needles marketis segmented as:
Product
- Aspiration Needles
- Biopsy Needles
Site
- Breast
- Lung,
- Colorectal
- Prostate
- Kidney
- Bone & bone marrow
Procedure
- Image-guided procedures
- Ultrasound-guided biopsy
- Stereotactic-guided biopsy
- MRI-guided biopsy
- Others
- Non-image-guided procedures
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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