Biopsy Punch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Biopsy Punch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Biopsy punches have been gaining increasing momentum in healthcare sector over the years for utility in diagnostic, therapeutic, and cosmetic procedures. It can be used to remove an area that includes all skin layers needed for proper diagnosis and help plan treatment of many types of cancer such as melanoma as well as non-melanoma skin cancer, inflammatory breast cancer, and others. Apart from their powerful impact in the field of dermatology and oncology, biopsy punches are used for diagnosing and treating several medical conditions.
The biopsy punch is an automatic, hand held, lightweight instrument with a slender, which has become an instrument of choice for taking minimally invasive, small samples quickly. It has a hollow, circular cutting tip, generally made of stainless steel.
Biopsy punch has also found a number of applications in various research studies such as electrophysiology, anti-aging research, microfluidics, bio-pharmacology, forensic sampling, and plant and medical genomics.
Biopsy Punch Market – Notable Developments
- R. Bard, Kai Industries, Bako, Robbins Instruments, CooperSurgical, G. HARTZELL & SON INSTRUMENT, Schuco, BR Surgical, Acuderm, MedGyn, Integra LifeSciences, Sklar Surgical Instruments, Cadence, Wallach Surgical Devices, AmTech Medical SA, and DTR Medical Ltd are among leading companies operating in the biopsy punch market.
- In April 2018, DTR Medical Ltd, one of the leading manufacturers of biopsy punch introduced a new line of product – Single-use Cervical Rotating Biopsy Punch – which features a new top jaw stronger than titanium and the strength has been improved by 4 times from the previous jaws. According to the company, it is the latest evolution in its gynecology range and has been designed to ensure a sharp, clean cut that reduces cervical trauma and patient discomfort. The single-use Cervical Rotating Biopsy Punch will be available on new code CBR1041.
- In December 2017, BD (Becton, Dickinson and Company), one of the largest global medical technology companies, completed its acquisition of C. R. Bard, Inc, a key manufacture of biopsy devices, in $16 billion deal. The combined company is aimed at improving treatment of diseases as well as process of care for healthcare professional. In addition, Bard’s strong product portfolio and innovation pipeline will create opportunities for BD in fast-growing clinical areas.
Biopsy Punch Market Dynamics
Technological advancements in medical devices along with rapidly rising incidences of cancer and skin disorders have led to surge in the demand for biopsy devices, influencing the development of biopsy punch market. In addition, propelling demand for less invasive surgeries and both reusable and disposable biopsy devices are expected to complement the expansion of biopsy punch market in the coming years.
Minimally invasive medical procedures have been gaining increasing popularity in the recent years, as they are less traumatic and result in faster recovery of patients. Further, these procedures are rapidly replacing invasive surgeries and provides higher patients satisfaction levels. These are among key factors bolstering the growth of biopsy punch market.
Biopsy Punch Market Players Foresee Lucrative Sales Opportunities in Emerging Economies
Growing government initiatives on the development of healthcare infrastructure along with increase in healthcare spending capabilities on the coattails of rising disposable income in emerging economies are likely to create lucrative opportunities for biopsy punch market players.
Development of more effective, safe, and advanced products to meet the increasing need for effective diagnostic procedures will be a key growth strategy for manufacturers of biopsy punch. However, in emerging economies, high price associated with devices and lack of technical expertise may hamper the growth of biopsy punch market in these regions.
Biopsy Punch Market Segmentation
Based on product type, biopsy punch market can be segmented into:
- Disposable Biopsy Punch
- Reusable Biopsy Punch
Based on End User, biopsy punch market can be segmented into:
- Cosmetic procedures
- Dermatology
- Lab
- Others
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report