U.S. Cancer Biopsy Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

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U.S. Cancer Biopsy Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : February, 2023 | Biotechnology

Report Digest

U.S. Cancer Biopsy Market: Overview

The rising prevalence of oncology indications for cancer therapeutics is projected to augment the growth of the U.S. cancer biopsy market during the forecast period, 2020 to 2030. Biopsies are ordinarily connected with cancer, yet in light of the fact that your PCP arranges a biopsy, it doesn't imply that you have cancer. Specialists use biopsies to test whether irregularities in your body are brought about by cancer or by different conditions.

The U.S. cancer biopsy market is classified on the basis of type, application, and organ. With respect to segmentation by type, the market is grouped into fine-needle aspiration, core, surgical, skin or punches, and others, each of which are further sub-categorized. In terms of application, the market is classified into pharma & biopharma discovery & development, screening & monitoring, investigational & translational research, and diagnostics. Based on organ, the market is categorized into pancreas, lungs, bladder, kidney, uterus & cervix, thyroid, prostate gland, breast, liver, and others.

The report is based on thorough analysis and offers quantitative and qualitative analysis of the same. Additionally, the report highlights the salient details of the market including the recent trends and innovations. The key segments of this market are listed in the report with key emphasis on the leading segment and factors attributing to it. Furthermore, the report lists the players functioning in this market and what strategies are adopted by them to attract higher revenues in the coming years.

U.S. Cancer Biopsy Market: Company Profiles

Companies operating in the cancer biopsy market for the United States are indulging in merger and acquisition strategies and other collaborations in order to make their mark in the overall competition. Additionally, players are also investing heavily on research and development so as to gain an upper hand in the overall market competition.

Some of the significant players of the U.S. cancer biopsy market include:

  • INRAD Inc.Boston Scientific Corporation
  • Cool Medical
  • Spectra Medical Devices Inc.
  • Johnson & Johnson
  • IZI Medical Products
  • Conmed Corporation
  • Boston Scientific Corporation
  • Argon Medical
  • Dickinson and Company
  • Medtronic Plc.
  • Becton

U.S. Cancer Biopsy Market: Industry Development

  • Galleri, a blood test for early detection of multiple types of cancer was out for sale in the United States market in June 2021.
  • Novel lung biopsy technology for improving lung cancer diagnostics was utilized by Scripps Green Hospital in February 2021.

U.S. Cancer Biopsy Market: Growth factors

The increasing demand for image-guided needle biopsies on the basis of multi-parametric MR imaging is considered one of the key factors promoting the growth of the U.S. cancer biopsy market. Additionally, the introduction of liquid biopsies for cancer treatment and major advancements in its clinical implementation will further propel the growth of this market. Also, the rising number of aged people and the growing prevalence of oncology indications will further create lucrative growth opportunities for this market in the coming years.

U.S. Cancer Biopsy Market: Geographical Analysis

The rising prevalence of various cancer types serves as an important factor augmenting the growth of this market in the United States. Besides this, the presence of leading players such as Johnson & Johnson, and others will also help the U.S. market in the coming years.

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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

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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?