The Breast Biopsy Device market is projected to grow at a rate of 10.8% in terms of value, from USD 0.65 Billion in 2019 to reach USD 1.51 Billion by 2027. Breast Biopsy refers to a diagnostic procedure to determine whether a small sample removed from the breast tissue is cancerous. It is regarded as the most effective methods for cancer diagnosis. It is found that about 70-80% of the biopsies are negative of cancer, but may diagnose conditions that are predispose to mammary carcinoma. Breast biopsy is recommended when a person is facing symptoms like a breast lump, sore breast, breast dimpling, peel appearance to breast and nipple discharge etc. The invasive surgical methods for breast biopsy has been found to be disadvantageous as it is painful and the patient will have to bear the psychological stress of false positive referrals.
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Leading Players Profiled in the Report Include:
Becton, Dickinson and Company, C.R. Bard, Inc., Devicor Medical Products Inc., Hologic Inc., Argon Medical Devices, Cook Medical Incorporated, Encapsule Medical Devices LLC, Planmed OY, and Ethicon Endo Surgery (Johnson and Johnson), among others.
The increasing vulnerability of women to mammary carcinoma in all the economies, along with the awareness drives and screenings conducted in favor of women have propelled the demand side of the breast biopsy market. The extensive and exhaustive research environment acts as an impetus to the market which has aided in evolving more accurate and minimally invasive methods for the early diagnosis of mammary carcinoma. The governments have also worked towards building a continuous and comprehensive environment for cancer research which has fueled the growth of these diagnostic devices. Also favorable reimbursements in this regard has improved the state of this market drastically. The growth of these diagnostic devices are impeded by the prevalence of side effects and infections after the biopsy. Stringent regulations by the USFDA and other notifying authorities along with high cost of these services have worked against the unrestricted growth of the market.
Further Key Finding from the report
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For the purpose of this study, Reports and Data have segmented the breast biopsy device market on the basis of type, product, guidance type, end-use, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Product Outlook (Revenue, USD Million; 2017-2027)
Guidance Type Outlook (Revenue, USD Million; 2017-2027)
End-Use Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Rising prevalence of breast cancer
3.2. Awareness among women
3.3. Introduction of non-invasive methods
3.4. Regulations
Chapter 4. Breast Biopsy Device Segmentation & Impact Analysis
4.1. Breast Biopsy Device Segmentation Analysis
4.2. Breast Biopsy Device Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Breast Biopsy Device Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. High prevalence of breast cancer diseases across the world
4.4.1.2. Minimally invasive techniques
4.4.1.3. Product launch and technological advancement
4.4.2. Market restraint analysis
4.4.2.1. Lack of awareness among women
4.4.2.2. Regulations
4.5. Key opportunities prioritized
4.6. Breast Biopsy Device Pricing Analysis
4.7. Industry analysis – Porter’s
4.8. Breast Biopsy Device PESTEL Analysis
Continued….
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