(PharmaNewsWire.Com, November 28, 2017 ) According to the report Biopsy Devices Market, published by Market Data Forecast, the Europe market was worth USD 534.96 million in 2017 and estimated to be growing at a CAGR of 7.1%, to reach USD 678.37 million by 2022.
Biopsy Devices Market growth is defined as a surgical procedure that involves removal of a part of the tissue for medical diagnosis. It is usually done to detect inflammatory disease or cancer and their severity. They are often deployed to perform biopsy in the liver, lungs, and kidney.
Rising number of cases of cancer has led to an increase in demand for cancer diagnostics which in turn is a driving the growth of this market. Moreover, research and development in cancer diagnostics has led to technological advancements in the healthcare sector which will consequently boost the market. Be that as it may, due to lack of awareness among individuals regarding diagnosis of chronic diseases is expected to have a negative impact on the market growth.
In 2017, Europe accounted for the second largest share of the biopsy devices market. This can be accredited to the various technological advancements and continuous investment in R&D activities.
Biopsy Devices Market: Key Players
The market for biopsy devices is highly disjointed and is dominated by companies like Hologic Inc., Medtronic, Leica Biosystems, Boston Scientific Corporation, Becton, Cook Medical Inc., C.R. Bard Inc., Mauna Kea Technologies, Ethicon EndoSurgery Inc., Veran Medical Technologies, Dickinson and Company, Fujifilm Medical Systems, MDxHealth, Argon Medical Devices Inc and Intact Medical Corp.
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