Image-Guided Biopsy Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecasts, 2021 - 2031

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Image-Guided Biopsy Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecasts, 2021 - 2031

Status : January, 2023 | Healthcare IT

Report Digest

Image-Guided Biopsy Market – Overview

The global image-guided biopsy market is estimated to rise at a healthy rate from 2021 to 2031 (forecast period). Image-guided biopsies use imaging technologies to examine the interior of the body. For this procedure, they used CT scan, MIR, ultrasound, and x-ray. The biopsy allows the medical expert to simply obtain a specimen of the suspicious cell by inserting the needle into the optimum spot. It is regarded as one of the greatest methods of collecting samples since it produces no undue harm.

One of the primary reasons expected to drive the growth of the global image-guided biopsy market is the rise in the occurrences of chronic diseases such as cancer among the global population.

Image-Guided Biopsy Market – Competitive Landscape

Leading players in the image-guided biopsy market are KARL STORZ Endoscopy India Pvt. Ltd., Analogic Corporation, Koninklijke Philips N.V., Olympus Corporation, Siemens Healthcare GmbH, GENERAL ELECTRIC, Brainlab, Medtronic, Stryker, Hologic, Inc., and Varian Medical Systems, Inc.

Market players are implementing marketing strategies such as acquisitions, collaborations, technological developments, investments, and R&D activities to strengthen their global footprint.

Image-Guided Biopsy Market – Trends and Opportunities

The surge in chronic illnesses such as cancer among the worldwide population is one of the key factors expected to drive the growth of the global image-guided biopsy market. The World Health Organization (WHO) projects that 21.4 million additional individuals will be diagnosed with cancerous tumors by 2030. Furthermore, cancer resulted in the deaths of 9.6 million individuals worldwide in 2018. Biopsy and aspiration are often employed to investigate the nature of tumors by removing and analyzing a part of the tissue or fluid in question. With the growing cancer incidence, healthcare professionals and government organizations are ramping up efforts to provide better diagnostic services, driving up demand for image-guided biopsy.

Global efforts by health organizations and governments to enhance illness awareness and boost R&D initiatives to strengthen treatment facilities are projected to hasten the global image-guided biopsy market growth. Moreover, the rising demand for less invasive treatments as a result of variables such as the lower risk of damage and improved understanding of the advantages of early diagnosis is beneficial to the image-guided biopsy market.

Furthermore, the aging population, enhanced healthcare infrastructure, increased investment, and rising healthcare costs are likely to support the global image-guided biopsy market. Additionally, technical advancements and developments are anticipated to provide revenue-generation opportunities in image-guided biopsy market during the forecast period.

The COVID-19 outbreak had an influence on regular healthcare services across the world. Elective surgeries were drastically curtailed in order to limit infection risk and convert operating theatres into COVID-19 emergency facilities. The great majority of individuals canceled routine check-ups, scheduled visits, or treatment for chronic conditions. To continue elective surgeries, numerous safety measures must be met, such as separating patients before and after surgery, maintaining sanitation, and screening patients for COVID-19 before admission. Delaying normal or preventative checks was acceptable in the early stages of the pandemic, especially when patients used effective telemedicine services. As a result, COVID-19 is likely to have a significant influence on the global image-guided biopsy market.

Image-Guided Biopsy Market – Regional Landscape

The North America image-guided biopsy market is projected to expand during the forecast period. This is due to the rising frequency of cancer in Canada and the United States and measures conducted by local governments and global health organizations to improve cancer awareness in the area.

Asia Pacific is expected to contribute significantly to the global image-guided biopsy market during the forecast period.

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