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 : May, 2021 | Medical Devices

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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?