Biopsy Punch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Biopsy Punch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Medical Devices | PPT format

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 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.