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 : December, 2019 | Medical Devices | PPT format

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

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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