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 : May, 2020 | 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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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