Fusion Biopsy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Fusion Biopsy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : January, 2023 | Medical Devices

Report Digest

Fusion Biopsy Market: Overview

The fusion biopsy market is anticipated to observe steady growth during the forecast period of 2020-2030. The rising awareness about regular clinical checkups and the availability of good reimbursement policies among numerous regions around the world will invite promising growth for the fusion biopsy market.

The rising focus of the government bodies of numerous countries on upgrading the healthcare infrastructure will prove to be a profitable growth generator for the fusion biopsy market. Furthermore, rising investments in the fusion biopsy sector will also bring considerable growth opportunities.

On the basis of biopsy route, the fusion biopsy market can be segmented into transperineal and transrectal. Hospitals, diagnostic centers, and ambulatory care centers are vital end-users of fusion biopsy.

Fusion biopsy is prominently used in prostate cancer diagnosis. According to the data from the American Cancer Society, prostate cancer is the most common cause of cancer in American men. As per the latest estimates for prostate cancer in the U.S. for 2021, about 248,530 new cases of prostate cancer were detected and nearly 34,130 deaths were reported due to prostate cancer.

Thus, these statistics highlight the growing concern about the prevalence of prostate cancer. Early and correct diagnosis of prostate cancer can help in overcoming it easily. Fusion biopsy is one of the prominent methods for prostate cancer detection. Based on these aspects, the demand for fusion biopsy is expected to rise between 2020 and 2030.

TMR Research has covered various aspects related to the growth of the fusion biopsy market in the report. The report mentions about numerous aspects that will lead the stakeholder to extensive success. Furthermore, the report reveals the threats and weaknesses of the fusion biopsy market to make the stakeholders and the CXOs aware so that they can plan their future business strategies accordingly. The COVID-19 impact has also been included in the report for more clarity on the current situation.

Fusion Biopsy Market: Competitive Insights

The fusion biopsy market is fragmented. Many players indulge in intense competition for acquiring a good consumer base. The players are involved in research and development activities. These activities are necessary for upgrading and introducing new features. Strategic collaborations also form an important part of the fusion biopsy market growth trajectory.

Some well-entrenched players in the fusion biopsy market are UC-Care Medical Systems Ltd., ESAOTE SPA, Focal Healthcare, MedCom, and GeoScan Medical.

Fusion Biopsy Market: Recent Developments

The fusion biopsy market is abuzz with developments. The developments are significantly related to research and development activities. A recent research found out that MRI transrectal ultrasound fusion biopsy’s (FBx) detection rates is extensively higher than ultrasound-guided systematic prostate biopsy (SBx). FBx has also shown the capability to detect lower rate of clinically insignificant prostate cancer. Such developments help find novel techniques and subsequently prove fruitful for the growth of the fusion biopsy market.

Fusion Biopsy Market: Regional Dimensions

North America’s fusion biopsy market is extrapolated to observe a dominant position during the forecast period of 2020-2030. A well-developed healthcare infrastructure in the countries across the region serves as a vital growth generator for the fusion biopsy market in North America. In addition, the growing incidence of prostate cancer, especially in the U.S. and the presence of well-established players accelerates the growth cycle.

Asia Pacific is anticipated to emerge as the fastest growth-generating region for the fusion biopsy market. The increasing awareness about fusion biopsy will add value to the growth structure. Furthermore, the rising disposable income and the expanding geriatric population, especially in China and Japan will bring immense growth opportunities. Europe may also witness steady growth between 2020 and 2030.

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?