Overview

Aspiration and Biopsy Needles Market is poised to value USD 1391.60 million by 2028 end at a CAGR of 6.8% during the forecast period 2022 to 2028.

The global market is predicted to witness a surge as there is a rise in the occurrences of cancer, favorable sanctions by global health and government organizations along with a greater tendency to opt for diagnostic procedures which are minimally invasive. Biopsy performed on the breast involves the removal of tissues and cells in certain areas of the breast that are vulnerable to diseases such as cancer. These tissues and cells are examined under a microscope to identify potential chances of cancer. When a hollow needle is inserted for the purpose of removing tissue samples from the breast, then it is called a core needle biopsy. Core needle biopsy is carried out for the detection of any lump or mass or any other suspicious spots which is identified after imaging testing or mammogram. In the case of biopsy that entails fine needles, there is also a removal of cells potentially cancerous lumps in the breast. The needle that is used for performing the fine needle biopsy happens to be thinner in comparison to the needle used in the biopsy of the core needle. There are different kinds of biopsies which includes vacuum-assisted biopsy, core needle biopsy, shave biopsy, image guided biopsy, punch biopsy, excisional biopsy, incisional biopsy, fine needle aspiration, endoscopic biopsy, bone marrow biopsy and bone marrow aspiration. Two primary types of biopsies are surgical biopsy and needle biopsy. Surgical biopsy entails an incision to gather tissue samples and core needle biopsy is carried out in either hospitals and imaging centers. This biopsy is an image guided process. There are many benefits associated with such biopsies as the possibilities of sustaining an infection or a bruise are less. In case the lump is shown to be benign, then surgical biopsy will not be required. Although, there is a risk that the needle may not detect the tumor cells and as a result, one could misconstrue this as a non-cancerous cell.

Going by the segmentation of product, the market has been bifurcated into aspiration and biopsy needles. The segment for biopsy needles is anticipated to thrive at a very high CAGR during the forecast time frame because of the high presence of cancer and initiatives undertaken by certain healthcare facilities.
With end users, the market is fragmented into academic institutes, hospitals, research laboratories, imaging and diagnostic centers. The segment for hospital is projected to grow, in part, because of the developing healthcare framework in emerging nations, which shall inflate the aspiration and biopsy needles market size.

Among the prominent players in the market are:
Conmed Corporation, Medtronic Plc, Olympus, Becton, Dickinson and Company, Boston Scientific Corporation, Cook Group Incorporated, Argon Medical Devices, Inc, INRAD Inc., Somatex Medical Technologies, Stryker Corporation.

Aspiration and Biopsy Needles Market Segmentation:
By Product Type

Biopsy Needles
CNB Needles
VAB Needles
Aspiration Needles

By Procedure

Image-Guided Procedures
Non Image-Guided Procedures

By Site

Breast
Lung
Colorectal
Prostate
Kidney
Bone and Bone Marrow
Other Sites

By End User

Hospitals
Research & Academic Institutes
Diagnostic and Imaging Centers

By Region

Europe
North America
Asia Pacific
Latin America
Middle East & Africa

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global aspiration & biopsy needles market by product type, by procedure, by site, by end user and by region.
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market

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