The report ““Breast Biopsy Market by Product (Table, Needle, Localization wire, Guidance System), by Type (Open Biopsy- Excisional, Incisional, Needle- Core Needle Aspiration, Vacuum Assisted) & by Guidance system (Ultrasound, Stereotactic, MRI) - Forecast to 2020”, the global breast biopsy market is poised to reach $728.8 Million by 2020 from $436.4 Million in 2015, at a CAGR of 10.8% from 2015 to 2020.
Browse 75 market data tables and 66 figures spread through 152 pages and in-depth TOC on “Breast Biopsy Market"
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This report segments the breast biopsy market on the basis of product, guidance system, type, and region.
Based on type, the breast biopsy market is categorized into the needle and open surgical breast biopsy segments. The needle breast biopsy market is further sub segmented into core-needle biopsy (CNB), fine-needle aspiration biopsy (FNAB) and vacuum-assisted biopsy (VAB) market. Among these, VAB is expected to be the fastest-growing segment during the forecast period. Market growth can be attributed to the growing demand for less-invasive breast biopsies worldwide.
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By guidance system, the market is segmented into mammography, ultrasound, MRI, and others (PET and thermography). The mammography-guided breast biopsy segment accounted for the largest share of the breast biopsy market in 2015 owing to its ease of use and reliability.
On the basis of product, the market is classified into biopsy needles, guidance systems, biopsy tables, localization wires, and others (markers, punches, sutures). The guidance systems segment is expected to be the fastest-growing segment during the forecast period owing to the increase in demand for needles.
North America and Europe are established markets for breast biopsy. However, developing regions in Asia-Pacific (China and India) are expected to witness a higher growth rate in the forecast period. The growing purchasing power of the middle class and increasing awareness about breast cancer screening in different countries are the major factors fueling the growth of the breast biopsy market in Asia-Pacific. A number of companies are investing in these countries to gain the competitive edge as well as enhance their profitability in the market.
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Major factors fueling market growth are the rising incidences of breast cancer among women and increase in breast cancer screening programs in different countries. In addition to this, the increase in reimbursement rates in U.S. for image-guided biopsy and the growing demand for less-invasive breast biopsy are propelling the growth of the market.
Major players operating in the breast biopsy market are Becton, Dickinson and Company (U.S.), C.R. Bard, Inc. (U.S.), Devicor Medical Products Inc. (U.S.), and Hologic Inc. (U.S.).
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