Aspiration and Biopsy Needles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028

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Aspiration and Biopsy Needles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028

Status : January, 2022 | Medical Devices

Report Digest


Because of the increased prevalence of cancer and the steadily rising patient demand for minimally invasive diagnostic treatments, aspiration and biopsy needles are becoming more widely used in major healthcare markets. In the near future, the biopsy needles are likely to gain traction in the global aspiration and biopsy needles market is predicted to expand at a rapid growth rate.

The growing prevalence of cancer and awareness about the illness and treatment choices, patient desire for less invasive operations, rising healthcare spending, and technical advancements in image-guided biopsy devices are all driving the market forward.

High Spending on Healthcare to Drive North America Market

A form of biopsy technique known as fine needle aspiration. A tiny needle is inserted into a region of tissue or bodily fluid that seems aberrant during the fine needle aspiration treatment. The material obtained during fine needle aspiration, like that obtained during other biopsies, aids in the identification or exclusion of medical disorders including cancer. The method of fine needle aspiration is generally thought to be safe. It seldom leads to complications.

In the recent years, aspiration and biopsy needles have gained popularity. With so many market competitors, the global aspiration and biopsy needles market is competitive; each one is vying for attention. The core needle segment of the aspiration and biopsy needles market is likely to grow at a rapid rate in the years to come. This is because core-needle biopsies can distinguish between invasive and in situ breast cancers, and benign lesions can be detected.

Because of expanding understanding of early cancer detection, the approval of a growing number of devices by the US Food and Drug Administration (USFDA), and high healthcare spending, North America was the largest area in the market in 2019. In the years ahead, the aspiration and biopsy needles market is predicted to witness the rapid growth in Asia-Pacific region, owing to an increasing pool of cancer patients and expanding knowledge about how to identify the disease.

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

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