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Biopsy Guidance System Market: Introduction

  • Biopsy is a technique to remove a sample of cells or a piece of tissue from body so that it can be examined in a laboratory. It is commonly carried out to diagnose cancer. Biopsy may help identify several other conditions.
  • Biopsy guidance systems allow users to target specific areas
  • Biopsy guidance system is used in various applications including breast biopsy and brain biopsy

Key Drivers of Global Biopsy Guidance System Market

  • The global biopsy guidance system market is primarily driven by increase in prevalence of chronic diseases such as cancer. According to the World Health Organization, cancer is the second leading cause of death worldwide. Approximately 9.6 million people died due to cancer in 2018 across the globe. About one in six deaths was due to cancer in the same year.
  • Increase in awareness about biopsy guidance systems, rise in infrastructure development in the health care sector, impressive reimbursement policies, growth in investment in research & development activities in the health care sector, and increase in number of hospitals and diagnostic centers are expected to drive the demand for biopsy guidance systems during the forecast period.

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Stereotactic Guided Biopsy with 2D and 3D Imaging Systems to Expand Significantly

  • Based on product type, the global biopsy guidance system market can be divided into stereotactic guided biopsy, ultrasound guided biopsy, and MRI guided biopsy
  • The stereotactic guided biopsy segment is anticipated to expand at a rapid pace during the forecast period. The segment’s dominance can be ascribed to new product launches with technological advancement and better efficacy such as 2D/3D imaging systems.

Hospitals End-user Segment to Offer Lucrative Opportunities

  • In terms of end-user, the global biopsy guidance system market can be classified into hospitals, specialty clinics, diagnostic centers, and research and academic institutes
  • The hospitals segment is anticipated to account for major share of the global biopsy guidance system market by 2027. The segment’s dominance can be ascribed to the increase in usage of biopsy guidance system in hospitals across the globe due to technological advancements of biopsy guidance systems and increase in the number of patients with chronic diseases (including cardiovascular diseases).

Asia Pacific Biopsy Guidance System Market to Expand Rapidly

  • In terms of region, the global biopsy guidance system market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period.
  • High prevalence of cancer and introduction of technologically advanced biopsy guidance systems are expected to drive the biopsy guidance system market in North America
  • The biopsy guidance system market in Asia Pacific is estimated to expand at a high CAGR during the forecast period owing to the large pool of population with chronic disorders in emerging countries including India and China, and rise in government initiatives

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Key Players Operating in Global Market

The global biopsy guidance system market is highly fragmented, with the presence of a large number of domestic players. Key players operating in the global biopsy guidance system market are:

  • Becton, Dickinson and Company
  • Hologic, Inc.
  • Devicor Medical Products, Inc.
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • INRAD Inc.
  • Cook Medical

Global Biopsy Guidance System Market: Research Scope

Global Biopsy Guidance System Market, by Product Type

  • Stereotactic Guided Biopsy
  • Ultrasound Guided Biopsy
  • MRI Guided Biopsy

Global Biopsy Guidance System Market, by Application

  • Brain Biopsy
  • Breast Biopsy
  • Others

Global Biopsy Guidance System Market, by End-user

  • Hospitals
  • Specialty Clinics
  • Diagnostic Centers
  • Research and Academic Institutes

Global Biopsy Guidance System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
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  • An objective assessment of the trajectory of the market
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Biopsy Guidance System Market